Because increasing the price in response to inflation is "dirty crap" and is purely done to increase profits. If the price has increased because of increased costs to provide the service then fair enough, but have they?I don't understand why people think that increasing something once a year in line with inflation is "dirty crap"?
Surely everything increases at the same time though, that's what inflation is? For instance, the parts they buy to maintain their cell towers should increase by inflation, their employee's wages should rise by inflation, etc?Because increasing the price in response to inflation is "dirty crap" and is purely done to increase profits. If the price has increased because of increased costs to provide the service then fair enough, but have they?
That isn't how inflation works, inflation is an average measure of the price change of a selected few items in a "shopping basket". Using inflation as a basis for changing the price of something rather than an actual change in cost results in inflation being selffullfiling.Surely everything increases at the same time though, that's what inflation is? For instance, the parts they buy to maintain their cell towers should increase by inflation, their employee's wages should rise by inflation, etc?
That isn't how inflation works, inflation is an average measure of the price change of a selected few items in a "shopping basket". Using inflation as a basis for changing the price of something rather than an actual change in cost results in inflation being selffullfiling.
In other terms inflation is the dog wagging the tail ultimately, using it to justify price increases is the tail wagging the dog.
This is probably where my confusion stems from; I thought that this vicious cycle was the reason for inflation, not that there's something else to stimulate it.[TW]Fox;21573895 said:Pretty much this.
Inflationary increases are annoying and simply lead to more inflation leading to more inflationary increases..
Typical T-mobile bunch of petty gits. The letter is so smug about the fact you cant cancel and even tells you where to complain seems they are expecting it and so will most likely direct all your calls to there super helpful trained robots in a call center abroad.
That isn't how inflation works, inflation is an average measure of the price change of a selected few items in a "shopping basket". Using inflation as a basis for changing the price of something rather than an actual change in cost results in inflation being selffullfiling.
In other terms inflation is the dog wagging the tail ultimately, using it to justify price increases is the tail wagging the dog.