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Re:The Price-Fixing Economy by lotsofpulp on Friday October 13, 2023 @11:02AM (#37871418)
I find it very funny that a forum of people who ostensibly work in the highest profit margin businesses in the world, enjoying the highest industry wide compensation to quality of life at work ratios, claim that the lowest profit margin businesses in the world with some of the lowest compensation to quality of ratio work has enough pricing power to allow them to reap undue windfalls of profit.
Re:The Price-Fixing Economy by DangitBobby on Friday October 13, 2023 @11:47AM (#37871911)
Who was saying that??
Re:The Price-Fixing Economy by lotsofpulp on Friday October 13, 2023 @12:30PM (#37872398)
https://news.ycombinator.com/user?id=paul80808

https://news.ycombinator.com/item?id=37869309

Is it possible businesses are colluding resulting in increased profit margins? Obviously.

But we have publicly listed companies with public financials showing non material increases, or even decreases, in profit margin. Which means those businesses are just increasing prices to cover their own increasing cost of goods sold.

Re:The Price-Fixing Economy by salawat on Saturday October 14, 2023 @06:51AM (#37879515)
When it's entirely enabled by your vein of work, it is absolutely fair game to call out your fellow practitioners. Further, not everyone here is FAANG. Nor does everyone here necessarily get the majority of motivation on what they work on from the paycheck rather than the effects of the work done.

As the ostensible computer scientists in the room. Sitting back and not pointing out that there exist "monopoly pricing indirection mechanisms" implemented as businesses is really failing to do one's moral and ethical responsibility.

Re:The Price-Fixing Economy by lotsofpulp on Saturday October 14, 2023 @08:41AM (#37880024)
> As the ostensible computer scientists in the room. Sitting back and not pointing out that there exist "monopoly pricing indirection mechanisms" implemented as businesses is really failing to do one's moral and ethical responsibility.

And yet the empirical evidence is not there due to nonexistent profit margins.

Re:The Price-Fixing Economy by pcstl on Saturday October 14, 2023 @10:40AM (#37880822)
Thank you. Much too often the replies in threads on prices are just a conspiracyfest of people alleging things that make no economic sense without providing any kind of evidence.

Because it is of course completely obvious that collusion among very large, very complex competing entities is a very easy proposition, you just need a magic algorithm to do it! /s