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Replying to and
I’m not arguing labels. I’m saying savings do get passed on. If you don’t pass on savings store across town will do that, advertise everyday low prices, and take your market. That was Walmart. In commodity retail there’s no differentiation to justify a price premium.
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Replying to and
yeah i know how that works but there is massive hysteresis in that system; as it stands if you google "does self checkout result in lower prices" you get a bunch of news articles that say "no"
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Replying to and
i guess my point is something like the "pass the savings onto the customer" line is bullshit such that by the time those savings are passed onto the customer (to the extent that they are), it won't be clear whether it was because of or in spite of a given intervention
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Replying to and
sure it's a glacial secular crawl toward lower (inflation-adjusted, nominal) prices for consumer goods; the bullshit part imho is the attribution to specific interventions
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