Replies (22)

That is how most business-to-business commerce is conducted in Australia. Partially replace "wealthy" with "apparently well-connected" in whatever industry. A price is quite readily derived in such a market, regardless, but its a function with one subjective input rather than a single number.
That'd be nice. Here it works differently. The big fish gets the service at cost, because if he bad-mouths you you won't have a business. The n00b or foreigner (or woman/man, in some industries) pays literally 10x. I've done some work in mystery shopping, and its hilarious how different quotes can be depending on gender, age and accent.
They'd lose interest in making sandwiches for poor people, absolutely. This actually happens, of course. Usually caused by government regulations, but social pressure alone has an effect in the same direction.
It’s called price differentiation. You don’t have to know directly how wealthy someone is, a lot of people will signal this themselves, if you offer the right product variants. e.g. Premium version that only offers marginal advantages over the Standard version. As long as it stays at that level, it’s actually beneficial to the economy as it drives higher profitability and hence a more optimal distribution of goods and services. It becomes a problem, of course, if the wealthy are no longer even given the option to opt for the standard product, e.g. imagine forcing the wealthy to take business class (which offers much more value than economy class but arguably not nearly as much as the relative price difference)
It ought to work the same way at the other end of the scale, too. People ought to be reluctant to do business with those more powerful who can screw them over without consequences. They don't seem to be IRL though. Especially construction subcontractors. They just bitch to me about it, and then go out and get ripped off again...
Very true. Culture plays a role. I've met a lot of small/medium businesspeople here who unironically brag about how much they're being overcharged, especially if its by a household name. They only keep quiet about how much they are also writing off as bad debts. Cringe AND stupid, but it appears to be stable for now...
hahaha wow that sums up the economic sentiment in Germany(?) pretty well
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