1. notimp

    OP notimp Well-Known Member
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    ... according to consumer watchdog

    https://www.theverge.com/2020/9/11/...vid-19-hand-sanitizer-masks-soap-toilet-paper
     
  2. Scarlet

    Scarlet Pretty Pretty Princess
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    Seems like people all over were inflating prices. I was in the market for a webcam a few months ago and happened upon one I had bought about five years ago for £15, now being sold for £60.

    It wouldn't surprise me in the slightest to see Amazon themselves joining in.
     
  3. ForgotWhoIam

    ForgotWhoIam GBAtemp Fan
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    I went and got take out at a restaurant today and talked to the owner for a little while. He's in danger of going out of business. He's losing like 50,000 to 100,000 dollars. No one hardly goes in there anymore. He said while I'm struggling companies like Amazon and Walmart are thriving, one day they could be all that's left. Amazon is not in any danger of going out of business. So they should not be dicks and inflate prices right now. But they're just another greedy corporation that will do anything to increase their profits.
     
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  4. slaphappygamer

    slaphappygamer GBAtemp Psycho!
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  5. notimp

    OP notimp Well-Known Member
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  6. Lacius

    Lacius GBAtemp Legend
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    Here's a good video on the topic of price gouging and how it's sometimes necessary. Amazon is also briefly mentioned.

     
  7. notimp

    OP notimp Well-Known Member
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    Oh god, PBS has become a source you cant link to anymore. (Referring to the video.)

    During the pandemic 'allocation of goods depending on needs/scarcity' wasnt a 'real' issue. Because there was no supply shortage, just a demand spike.

    All (most) price increases listed above are well above 200%.

    Listings above especially mention products sold by amazon (not just market place sellers) at price gauging levels, so them delisting third party products just served as a demand hike for their own price gauging.

    Also amazon had 'per customer limits' in place, but also resorted to price gauging to increase profits.
     
    Last edited by notimp, Sep 12, 2020
  8. Hayato213

    Hayato213 GBAtemp Guru
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    The first article you post was from half a year ago, a lot has changed since then, it is true that Amazon tries to stop people from price gouging, but just look at it a can of 19oz Lysol disinfectant goes for like 4x of it regular price, 20ish dollars, a box of 10 pieces 3m n95 goes for like 80 dollars, price inflation. There isn't enough supply and there is too much demand, Amazon has started to limit the number of items you can buy from the same listing on each account to fight against price gouging, and that everyone has an equal chance at the items they are selling.
     
    Last edited by Hayato213, Sep 12, 2020
  9. slaphappygamer

    slaphappygamer GBAtemp Psycho!
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    There is a restaurant near me that offers take-out only. They sell toilet paper for $2 a roll. “Yes, I’ll have the beet salad and a roll of toilet paper, thanks,”. Strange times call for strange measures. Price gouging is sad. It’s much like a scalper that is going to sell the ps5 for $1200. Fucking assholes!
     
  10. RandomUser

    RandomUser Rosalina in Plush Form
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    *cough* Nintendo product *cough*. Seriously, it seems Nintendo loves scalpers.
    Ala the upcoming limited run games like the 3D all stars for the switch, I can see it now how that is going to be inflated due to scalpers.
     
  11. DarkFlare69

    DarkFlare69 GBAtemp Guru
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    Amazon is a business, what else did you expect? Of course they're going to adjust their prices as long as people are willing to pay them.
     
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  12. UltraSUPRA

    UltraSUPRA No Hope, No Escape, No Mask
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    Oh, God, they're...economically inclined!!
     
  13. Boesy

    Boesy GBAtemp Advanced Fan
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    Don't see a problem with that. Every retailer was doing it and they were just adjusting the prices.

    Meanwhile, we just bought what we usually do. Others were buying like it was the end of the world, I guess they were disappointed it wasn't.
     
  14. fvig2001

    fvig2001 GBAtemp Fan
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    I mean that's basic economics after all. It's only really bad if it was illegal to raise prices like in my country. It is awful for those affected. So I think Amazon is at least combating hoarding.
     
    Last edited by fvig2001, Sep 13, 2020
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  15. DarkFlare69

    DarkFlare69 GBAtemp Guru
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    Yeah, this is week 1 of any college economics class. You can't get any simpler than this when it comes to economics, but somehow people are still not understanding it.
     
  16. AlexMCS

    AlexMCS GBAtemp Regular
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    All this does is increasing the demand for SX modchips.
     
  17. notimp

    OP notimp Well-Known Member
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    The article I referenced is from two days ago. Investigations went on for over half a year.

    So as a result you return to still breaking the law, but also limiting it a little with per user limits?

    Sales must be a wonderful business.. ;)

    In essence, what this is about is, consumer advocates demanding better monitoring tools, because certain product items were delisted and then enlisted again, as a different SKU to fly under pricegauging laws. And with amazon knowing this and doing nothing about it - in fact profiting from the practice themselves.

    Also 1000% price increase on simple protective masks still persists to this day, although your reasonable alternative is a cloth mask at this point, with close to no availability constraints.

    So at which point, has the price hike served its 'beneficial' purpose? And who decides? The manufacturer?
     
    Last edited by notimp, Sep 13, 2020
  18. Boesy

    Boesy GBAtemp Advanced Fan
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    For people who want to pirate the console. They'll always have an excuse on why they want it cracked.

    The game will be in print until March 2021 or something, so there should be enough for everyone who wants it now. At least they're honest about the limited print.
     
  19. FAST6191

    FAST6191 Techromancer
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    I am still not sure masks, disinfectant, bog roll and the like are essential life giving/saving goods for the average person as much as nice to have luxuries after a fashion. Bog roll not being used by a large chunk of the world, though I can at least see that being some kind of quasi essential good in some places as not everybody has a nice bidet.

    On the restaurant then more likely they had theirs keep being ripped off by customers so if the customer thinks it is theirs then they are not going to do that.

    Beyond that I do have to go back to something is worth what someone else is willing to pay, there are time constraints on things and fads can influence prices but whether I entirely support restrictions on price increases during times of need is a different matter, not that I would deem most of those as essential goods.
     
  20. Hayato213

    Hayato213 GBAtemp Guru
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    Well that is just how it is right now with the pandemic, with the amount of supply and too much demand, if there is enough for everyone then there won't be price gouging and people won't be scalped for basic stuffs, truth we don't like it but that how life is now a day. It doesn't mean you have to pay what third party sellers demand on Amazon, that why you hunt for restock. When it is restock and directly sold by Amazon it is at regular price not inflated price 400% to 500% of original price. Probably different where you live.
     
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