^^^ I guess you'd be happier if someone bought all of the ice at $2 a pop right before you arrived, right? That would mean no ice for you. At $20 a pop, you'd be able to get some for your purple drink.
No, you don't need to be an asshole who tries to capitalize off people's misery during a time of emergency in order to make money.
Or if you guys want to look at it from purely business perspective, sure, we can do that too. He probably generally sells ice at say $2/bag, so is making an extra $18/bag. Most people aren't going to pay $20 for a bag of ice, so he's looking to profit what? A whole $1000 off this thing at the most? In the meantime, he's pissed off everyone who lives in the area, so his store will probably be dead once things return to normal.
In the meantime, he's pissed off everyone who lives in the area, so his store will probably be dead once things return to normal.
No, you don't need to be an asshole who tries to capitalize off people's misery during a time of emergency in order to make money.
Or if you guys want to look at it from purely business perspective, sure, we can do that too. He probably generally sells ice at say $2/bag, so is making an extra $18/bag. Most people aren't going to pay $20 for a bag of ice, so he's looking to profit what? A whole $1000 off this thing at the most? In the meantime, he's pissed off everyone who lives in the area, so his store will probably be dead once things return to normal.
Now what?
You're making the case FOR capitalism. Our current system is anything but capitalism.
You're making the case FOR capitalism. Our current system is anything but capitalism.
you have to think of your long term relationship with customers.
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Downtown Calgary, plus a good amount of the surrounding areas / towns are currently flooded. So this guy decides to jack up the price of a bag of ice to $20.
What a prick. Should organize a flash mob -- have 200 people walk in at the same time, and each grab a bag of ice for free. Treat people how you want to be treated.
No, you don't need to be an asshole who tries to capitalize off people's misery during a time of emergency in order to make money.
Or if you guys want to look at it from purely business perspective, sure, we can do that too. He probably generally sells ice at say $2/bag, so is making an extra $18/bag. Most people aren't going to pay $20 for a bag of ice, so he's looking to profit what? A whole $1000 off this thing at the most? In the meantime, he's pissed off everyone who lives in the area, so his store will probably be dead once things return to normal.
Any of you socialists understand that when prices shoot up during a shortage like this it encourages people from outside the area to bring more of the shortage items? At $20 a bag, if I lived near the area I'd haul in bags and sell them for $15 a pop. I'm sure others would follow suit and the prices would drop. The supply of ice would increase significantly.
Overall, more people would be able to get ice than just a handful who ran to the stores instantly and bought out the supply (which I'm sure some of you humanitarians would do) or those who waited hours in line for their one bag of complimentary ice.
The higher price encourages people to increase the supply of ice. ..... If a similar situation happened in my area, I'd be trucking in ice at higher rates if I could.
Most people aren't going to consider the deeper economics of raising the price, in this disaster situation. They're most likely going to view it as greed.Sparked by angry social media users accusing Home Depot of price gouging during Calgary’s flooding disaster, the hardware giant has apologized for what it called a mistake. etc.....