AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Rethinking Pricing Strategies and Inequality in the Market
The dynamics of pricing strategies are evolving from only focusing on driving costs lower and establishing production facilities in low-cost regions. The pandemic highlighted the risks of relying solely on this model due to supply chain disruptions. Companies are beginning to realize they can increase profits by selling less at higher prices. The concept of pricing based solely on the ability to pay is being challenged, as factors like willingness to pay, competition, and market targeting demographics also play a significant role. Inequality in pricing and market exposure is prominent, influencing individuals' access to certain products or services based on their financial status, location, or demographics. The idea of wealth-building opportunities being limited by algorithmic profiling and targeted advertising is troubling. The conversation also touches on the discomfort with price surges, the potential commodification of essential services, and the complexities surrounding the Federal Reserve's response to economic issues like 'greedflation'.