At what inflation rate does it stop making sense to give people prices? Earlier I said you could get started lock picking correctly for under $75. If that price holds for 2 years probably fine. If that number is +10% within a year was it useful to include? At some point listing a price becomes meaningless because the real world price changes so fast the reader can't act on it fast enough to get that price.
Discussion
That's when you start listing in the Bitcoin price only. At least then, when it changes, it'll go down, not up.
All prices negotiable
Until 2024 part of my day job was selling pickup truck parts online, mostly the fulfillment and logistics side.
Part stores, among many others stores like paint and contractor supply stores, all those in industrial or commercial fields, just stopped putting price tags on products. You have to ask for a price for everything, or take it to the counter and pray it won't max out your credit card.
it's already being done over here on the mid-east coast.
i saw it in a grocery store in Shumen, Bulgaria 3 years ago... price on the shelf was like 30% higher than the sticker on the product, many durable food goods were this way
they don't put labels on them because they don't want people to notice how much they have gone up when they go to the counter, and you can see that they are replacing the shelf labels a lot more frequently than they used to
hyperinflation is practically here, leaving labels off the shelf so they can adjust them in the database is a blatant sign that price changes are shocking to consumers, would explain why retail in general is tanking
Yeah it's so much work too. One of my tasks was to build a system that updated prices from manufactures hourly. The hard part was that some smaller manufactures didn't have anything but pdfs and email. So their prices changed on demand which caused a whole bunch of problems. We were essentially forced to build on-demand pricing or like a real-time pricing system. Sometimes we would just have to overcharge and refund on some parts we knew could go up in price.
yeah, that is so totally upside down compared to what retail should be
and yeah, actually, i sniff that vibe at the local supermarket, literally yesterday there was such a dark cloud over the people there as they were unpacking a massive new delivery, and this is the only retailer for miles, they don't even have enough profit to man their little agro/hardware store in the same complex
the impression i get from it all is they are drowning
Among other things this is partly why we decided to pull the plug on my last gig. Razor thin margins are tough to work with. The only survivors are those with the lowest overhead or deep enough pockets to weather the recession or push their way out of it. I have a feeling things have been "too calm" for a while and I wouldn't be surprised if more retail goes belly up soon.