04-29-2024, 10:39 AM
I'm thinking something along the lines of a Eurodollar.
A seperate currency that is tied to the dollar and a currency that is disconnected from the stockmarket that keeps its value.
The economy doesn't work because people aren't used to 5% - 10% price increases even if wages have caught up fairly quickly.
I'm already seeing the disconnect with Google and other companies increasing prices by 5% - 10% and adding an additional 'currency swap' tax for less valuable currencies.
In Europe you can't just raise your prices mid contract without communicating the change and giving people the option to cancel their services immediately.
The value based thing doesn't work as well either. In the US folks don't see the 10% price increase, they see all the added apps and AI stuff that excites them.
In Europe people wonder why the price of their email has just gone up 20%, feel personally offended by it and the AI makes them worry about their privacy.
Demand is also far lower so increasing prices means already low sales take another hit.
A seperate currency that is tied to the dollar and a currency that is disconnected from the stockmarket that keeps its value.
The economy doesn't work because people aren't used to 5% - 10% price increases even if wages have caught up fairly quickly.
I'm already seeing the disconnect with Google and other companies increasing prices by 5% - 10% and adding an additional 'currency swap' tax for less valuable currencies.
In Europe you can't just raise your prices mid contract without communicating the change and giving people the option to cancel their services immediately.
The value based thing doesn't work as well either. In the US folks don't see the 10% price increase, they see all the added apps and AI stuff that excites them.
In Europe people wonder why the price of their email has just gone up 20%, feel personally offended by it and the AI makes them worry about their privacy.
Demand is also far lower so increasing prices means already low sales take another hit.