Reddit reviews Cheap: The High Cost of Discount Culture
We found 5 Reddit comments about Cheap: The High Cost of Discount Culture. Here are the top ones, ranked by their Reddit score.
Penguin Books
We found 5 Reddit comments about Cheap: The High Cost of Discount Culture. Here are the top ones, ranked by their Reddit score.
Ah! Have I got reading recommendations for you!
Another great source for how this evolved is [Cheap: The High Cost of Discount Culture] (http://www.amazon.com/Cheap-High-Cost-Discount-Culture/dp/0143117637) by Ellen Ruppel Shell. I usually forget everything about a required-reading book from school, but this one really stuck with me. (its also become my most-loaned book)
Reminds me a bit of when I read Cheap.
You're right, the man will never be rich with his current model, but then look at what the article says most of them wish [need] to become in order to achieve success - they want to open a fancy shop and then start slapping their brand on cheaper items. That is the true business model, you just need the illusion of respectability so that you can whore it out to the highest bidder of poorly made goods.
There's a great book by Ellen Ruppel Shell that I read not too long ago titled Cheap: The High Cost of Discount Culture. The author describes all the ways companies do everything possible to externalize the fully-burdened costs of doing business in order to offer lower and lower prices.
Interestingly, there's nary a mention of companies working to make their product better in ways that would be both profitable and allow for a higher price-point that consumers would accept.
The thing is, so many people are barely making enough money to eek out a tolerable existence. Profit-driven companies will, among other things, cut wages to below what a person can live on. Those same companies wonder why nobody will buy their goods if they don't sell them for very, very cheap.
I think a lot of you may be interested in the book:
Cheap: the high cost of discount culture (by ellen ruppel)
http://www.amazon.com/Cheap-High-Cost-Discount-Culture/dp/0143117637
It goes into great detail about what the OP is talking about.