Comment by Manuel_D
2 years ago
What suddenly changed in 2021? Why didn't they just do this earlier? They just never realized they could be wise prices?
2 years ago
What suddenly changed in 2021? Why didn't they just do this earlier? They just never realized they could be wise prices?
You might have noticed that we had something rather significant going on during that time—a global pandemic? With major associated economic, logistical, and personal disruptions?
For more elaboration on this, see my related comment https://news.ycombinator.com/item?id=38569714
My point exactly: the pandemic and associated events (namely, supply chain issues and massive influx of money) led to the price increases. Not "greedflation".
No; as I explained in the linked post, they changed the conditions, which allowed the companies to continue raising prices (and refuse to lower them) even long after the actual supply shocks were over.
...Alongside the other, more gradual changes, which (as I explained in the linked post) weren't fully noticed or appreciated until the shocks of the pandemic.
Really, I explained the full sequence of events very clearly in the linked post, and simply repeating "it was just the supply chain issues, no greed involved" does nothing whatsoever to refute what I said there.
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