Forces of capital have been trying to find the level just above the tipping point for many decades.
What do you think they want all your data for? Yes, it’s to find out what you like to buy, but more importantly the concept is to figure out what levels of discomfort, disappointment or despair you can take before you stop buying the product.
From new phones to life-saving medication for your spouse to how many monthly fees your bank can get away with charging you. They aren’t coming up with prices from nowhere, the money doesn’t represent labor and parts, it represents an adjusted level where enough people will reach before they become a problem.
Forces of capital have been trying to find the level just above the tipping point for many decades.
What do you think they want all your data for? Yes, it’s to find out what you like to buy, but more importantly the concept is to figure out what levels of discomfort, disappointment or despair you can take before you stop buying the product.
From new phones to life-saving medication for your spouse to how many monthly fees your bank can get away with charging you. They aren’t coming up with prices from nowhere, the money doesn’t represent labor and parts, it represents an adjusted level where enough people will reach before they become a problem.