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this post was submitted on 14 Mar 2024
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They will just increase prices and pass the expense on to the consumer.
Literally addressed this in my original comment. The key is not purchasing their products, which will be enabled by us having more time to do our own stuff. But obviously, it won't apply to things we can't replace or reduce the consumption of (gains, electricity, water)
But yeah, if Americans (for example) want to keep eating terrible, unhealthy food at exuberant expense from McDonald's because they can't be bothered to figure French fries out themselves, why wouldn't McDonald's raise their prices? Haha
You may be underestimating the laziness of the average consumer. I don't think people are going to use 1 extra day a week to start refining their own gas, making their own clothes or raising their own cattle.
This is a bad faith response. Of course nobody is going to refine their own gas, since it takes a multi-billion dollar refinery to refine gas. People can definitely do the two things I specifically mentioned, as well as a myriad of other things that I did not mention, which will take load off of the economy, and price gouging power away from the specific industries I mentioned.
And if not, then they can keep paying for overpriced, unhealthy food that they will continue to be price gouged on (which I also already said).
I didn't explain that very well, but my thinking was that industries such as gas where there is no 'DIY' alternative will be immune to these positive effects.
Makes sense. But traveling to the office one day less per week, one day less per week of daycare, and having one more full day per week to do things like food prep will also help cool demand for adjacent markets. Not an expert though, obviously!
True, but keep in mind this is less revenue for the daycare center, less revenue for the coffee shop around the corner from the office, etc. That money doesn't just go into a void.