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Joined 1 year ago
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Cake day: June 23rd, 2023

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  • This isn’t a politicians issue - well, not directly and one of the few that isn’t their fault.

    Politicians have to be voted in. Any that tries to increase rates, costs or taxes gets voted out. Its not them - its us voting for our own interests… pretty good prisoners dilemma application actually. If every politician increased the costs we would all be better off - better educated students, more engaged teachers, follow on effects of lower crime and better work prospects - but if 5 potential have it as their platform and the 6th reduces the cost of living who gets in?


  • Not sure why you’re downvoted - its completely correct.

    The “issue” with teaching and healthcare (in socialist systems anyway) is that no matter how good you are at it your organization doesn’t get to charge more. The system literally throws supply/demand out the window as 1, everyone needs it by law and 2, its free. Its done as a “cost to service” and that demand will always exist, and a budget will be applied to service it.

    Before some smart ass comes in, there is technically supply and demand, but 1, supply is a wall and 2, demand is a straight line at p=0. Multiple economic theories can be applied, but its not the invisible hand theory.












  • Don’t know about US case law, but UK and NZ, the pricing when selecting is considered an “invitation to treat”. When the product is actually brought to checkout an offer is made at the listed price on the checkout, which can then be either accepted or declined.

    Was brought up after a business was done for selling switchblade knives that were only on display - as no offer was actually made and accepted they weren’t “being sold”.

    To answer your question more directly, prices listed on advertising and boards are considered “invitation”, not an offer and acceptance. It can change until the final offer and acceptance is made - bullshit but legal.