Why Can't You Buy Anything Anymore? Well It's not all the Virus' Fault.

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So the holidays are behind us and if you were left disappointed by what you found under your Christmas tree it might be because you weren’t in the spirit of things, or it might have been because Santa couldn’t get any stock of anything.
The good little consumers of the world might have started to notice an increasingly common trend where more and more products sell out the day they are released, or are never available at all to ordinary consumers.
Everything from playstations, switches, Xboxes and graphics cards, to lego sets, handbags, watches, and even toilet paper, it seems more and more like we are living in a world that is out of stock.
But why?
Stock shortages from time to time happen, that’s just general supply chain management but why has this become such a consistent issue.
All of these products are made by businesses with a profit motive, and those profits don’t get made unless products get sold, so what gives?
Now I know what you might be thinking, “urr it’s the virus of course” and certainly this has thrown a spanner into the works of global supply chains but it’s not the whole story.
Limited supply is one thing, but if traditional economics is to be believed, businesses don’t let themselves run out of stock, instead they just raise prices to match demand and maximise their profits.
What’s more, is that the coronavirus is not exactly new news to companies. If they were caught out in early 2020 then fair enough, but almost a year later you would think the corporate executives responsible for multi-billion dollar product launches could account for this new global paradigm, right?
But they haven’t, and you might ask why?
Well to understand this we as always need to look at a few key things.
How have global supply chains been affected, beyond just blaming everything on covid?
Are the companies involved actually making poor business decisions?
And why aren’t these products just doing what supply and demand would tell them to do and increase in price?

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Reacties

  1. Economics Explained
    Economics Explained
    3 maanden geleden

    Sign-up for Acorns! 👉 acorns.com/ee?s2=BUY1 (upon registration, Acorns will deposit $5 in your account to help you get started with investing!)

    1. Jakob Brooks
      Jakob Brooks
      25 dagen geleden

      @Korbyn Atlas Testing it out now. Seems promising.

    2. Korbyn Atlas
      Korbyn Atlas
      25 dagen geleden

      dont know if anyone cares but yesterday I hacked my girlfriends Instagram account by using Instapwn. Cant link here so search for it on google :)

    3. Kara Allen
      Kara Allen
      Maand geleden

      #gamingpc

    4. mneedes2
      mneedes2
      Maand geleden

      The graphics card fiascos have pushed me to buy a PS5, and I'm not looking back. You neglected to mention that crypto miners have snapped up many of the cards which is distorting the market.

    5. Robert Fenn
      Robert Fenn
      Maand geleden

      Everything is rugged for the benefit of the elites they are not complaining they have more than they deserve

  2. Tory Gaurnier
    Tory Gaurnier
    14 uur geleden

    At least in the US I think the biggest thing that kept the average household income from dropping to much was unemployment. A lot of the jobs that were lost were minimum wage, and people got paid MORE on unemployment. Even I got furloughed for a while, I was well above minimum wage, and even I made more on unemployment. Of course it's not that unemployment was too high, it's that minimum wage was/is too low. I agree it shouldn't be the same in every state, but at least close to $15 should be the minimum, there might be some states that could do $12, I'm not sure. But California the minimum wage should be $20. Minimum wage should reflect cost of living in the state, and it should be the *minimum for a living wage*.

  3. J Watson
    J Watson
    15 uur geleden

    Idk, item purchase limits seem to be a good enough solution to me. Say 2 packs of toilet paper per person? Should stem the hoarding. That's what my local costco did.

  4. thekraken8him
    thekraken8him
    2 dagen geleden

    I get that sticky pricing is a thing, but it's gotten so bad, at this point I'd rather manufacturers just raise MSRP. If I have to pay double/triple for a product, I'd rather pay it to the company that makes the product than a scalper.

  5. uzernamechecksout
    uzernamechecksout
    2 dagen geleden

    And if you don't have kids, let me introduce our newest sponsor, Tinder. - this made me lose it! :-)))))

  6. roth66ro
    roth66ro
    3 dagen geleden

    Im not sure I understood correctly, but there's also a toilet paper shortage? Interesting. So what's the hash rate for a toilet paper mining rig?

    1. Fujiwara no Mokou
      Fujiwara no Mokou
      2 dagen geleden

      yee, used to be last year when everyone went batshit crazy over corona, not knowing how dramatic the pandemic would become and what measures would be put in place

  7. Azeria B
    Azeria B
    5 dagen geleden

    Semi conductor shortages is the reason for graphics cards and game console shortages

  8. Stuzzzo
    Stuzzzo
    5 dagen geleden

    Another factor on prices, I think, is the world is awash with “stuff” from decades of oversupply. Consumers still have so many options, buy secondhand, buy generic or different brand, forgo because it’s a luxury anyway. Internet tools like auction sites and social media enhance consumer choice and effectively increase supply. This lowers the price points manufacturers have for new items.

  9. Wakecoder Sleepcoder
    Wakecoder Sleepcoder
    6 dagen geleden

    why are huge stockpiles of lumber just sitting at a train depot nllike.info/baby/video/mopl3KDEmqGZmqg

  10. Anthony Delfino
    Anthony Delfino
    10 dagen geleden

    Considering we've been stuck at home all this time, if I ran out of toilet tissue, I would just say that was the time for the day to take a shower. So even with the 0 stock of the product, I'm completely able to work around it without needing to resort to paying inflated prices. Same goes for consumer electronics. They will come in stock eventually at a reasonable price. There's no reason to pay double or more just for the bragging rights of being able to say you have it now, especially when there's currently not all that many games to actually play on that new PlayStation

  11. Bruce Aitken
    Bruce Aitken
    14 dagen geleden

    Here's a twist for you Mr. EE: The video game market right now is kind of stalled. We have companies currently holding on releases (new games) for the new hardware because no one has the new hardware. No company, especially AAA, is going to release any videogames, especially with development running in the eight to nine figures, when the vast majority of their market is literally unable to play their games. This may be the last generation of gaming rigs for a while...

  12. Dávid Kertész
    Dávid Kertész
    15 dagen geleden

    you need to have some reserves of the essential stuff at home. Problem solved.

  13. Dávid Kertész
    Dávid Kertész
    15 dagen geleden

    "let's you play PC games really well" that's not a very good way to put it lol

    1. Fujiwara no Mokou
      Fujiwara no Mokou
      2 dagen geleden

      good enough for boomers tho xd

  14. MYOB Boy
    MYOB Boy
    16 dagen geleden

    The wise entreprenuer has rules. Rule number one. Everything that he buys (even a rope for his yacht) is a business consumption item, he has no "capital" and almost no personal consumption at all. Rule number two. In the case of supply failure, he releases no supply at all and calls force majuere on any inconvenient contracts. Then he flogs the lot to a black market operator at the actual price that the market will pay. Rule number three. All his very high input costs are imposed upon him by offshore firms and so he pays almost no profits tax at all. One day, these so-called "market failures" will well up and overwhelm the existing "Soviet" style centrally planned economies that keep us all alive. Then, in order to get anything at all, we will all find out that the so-called "black market" is all the market that we will have left. How on Earth else do we immagine that firms like Amazon pay almost no corporation tax at all? Ask yourself why price gouging laws did not protect Texan consummers from huge price rises during the recent Taxas ice storm? Stop feeding the beast, get rid of the rules, get rid of all the huge dynosaurs, those soon-to-be-dead Soviet style governments (or go the same way that the dynosaurs did). Natural law owes nobody a living and in case anybody did not notice yet, nature is getting seriously pissed off with Muppets trying to change the laws of nature and destroy the natural balance. Why does your government agree on import prices that embed huge implied tax free monopoly profits to offshore IPR holders? The globalist's system is not just corrupt, it is more full of corruption than a ten year old hen's egg.

  15. Nathan K Karren
    Nathan K Karren
    16 dagen geleden

    "Most economists agree that anti-price-gouging laws are indeed necessary"?? Where do you get your information?

  16. kevin g
    kevin g
    17 dagen geleden

    i just want a ps5

  17. CallmeOsho
    CallmeOsho
    18 dagen geleden

    Why tf dont they just use pre order instead and you can do store pickup like in the old days

  18. Ulaza567
    Ulaza567
    18 dagen geleden

    Why are these producs not rising in price?? You should have a look at the GPU market :)

  19. Pottwal3000
    Pottwal3000
    19 dagen geleden

    well i would love to see the prices for insulin and such under a price ceiling.

  20. Iris Oscuris
    Iris Oscuris
    19 dagen geleden

    I need some B-roll of a lady walking around with a sad look, under a medical mask, while carrying a pack of toilet paper. We’ve got that B-roll!

  21. Brandon Roark
    Brandon Roark
    19 dagen geleden

    Prices are signals essential for coordinating supply and demand. Anti-price "gouging" laws simply mandate lies during times when getting the truth is most critical. If the real price of a case of water goes from $4 to $40 but laws stop it at $5; the law hasn't made packaged water more available or less necessary. It's only created a situation where sellers are more likely to remove their own stock from shelves for themselves, less likely to find suppliers for restocking; and the first customers more likely to buy out the entire stock. Price gouging is a necessary evil; prohibition against it is just evil.

  22. The Chaos Gamer
    The Chaos Gamer
    19 dagen geleden

    Allow fair market pricing but prevent/ discourage monopolies/ hoarding

  23. Shamrock627
    Shamrock627
    20 dagen geleden

    Forced Scarcity. Easy answer, this is the business model that everything is moving to.

  24. Adrian Blazevic
    Adrian Blazevic
    20 dagen geleden

    Boycott

  25. Nobody's Nobody
    Nobody's Nobody
    20 dagen geleden

    1857 t.p. was invented. Before that one used whatever was available. Soon we'll all be 3D printing it and everything else especially if you plan on living on Mars. For now stock up on rags and bleach.

  26. dkeith45
    dkeith45
    21 dag geleden

    An old man walks through the city square muttering 'Bread out of stock, meat out of stock, vegetables out of stock, vodka out of stock'. Suddenly a policeman taps him on the shoulder and says 'keep talking like that and I'll hit you in the head with my pistol!'. See, says the old man, bullets are also out of stock. Gleaned from NLlike channel 'Ushanka Show' : )

  27. C Y
    C Y
    21 dag geleden

    This didn't age well. You can't even get 1060 or 2060s at the expected "mid range" prices. And don't tell me 2060s are luxuries. Judging by how popular the x600 retail ryzen chips are, those don't come with igpus

  28. Miklós Király
    Miklós Király
    21 dag geleden

    I'd just like to upgrade from a 10 y.o. HP elitebook goddamit.

  29. С И
    С И
    22 dagen geleden

    Welcome to the USSR

  30. Godlysunfury
    Godlysunfury
    22 dagen geleden

    No it’s the looters fault 🤣🤣

  31. Carolina QUANONNE
    Carolina QUANONNE
    22 dagen geleden

    Monopoly herd peasant panic accent makes English rock roll invasion muffin

  32. SmitiaS _
    SmitiaS _
    22 dagen geleden

    As someone form ex-communist country: fixing prices is dumb. It creates deficit - always've done. And of course grey market and trading "favors" will emerge. I'm actually amazed - deficit was created in the most capitalistic countries of the world when in major "communist" and ex-communist countries there is none of such.

  33. KoopaMedia64
    KoopaMedia64
    23 dagen geleden

    I feel like I’m the only person didn’t want a PS5 and couldn’t understand the hype. There was practically nothing worth playing on it at launch, in fact it still doesn’t. It’s like people wanted one just because they were under produced. How much more shallow can one get?

  34. Lawrence Timme
    Lawrence Timme
    23 dagen geleden

    The market price is the real price, so I'd pay if if I valued it more than the money or anything else I could use to buy. Simple.

  35. Dunar Solid
    Dunar Solid
    23 dagen geleden

    Is it possible that Nvidia could not raise the prices after they saw there is a high demand and no competition, so they artificially limited the supply and are selling through a second layer ?

  36. Denni_isl
    Denni_isl
    23 dagen geleden

    Communism = general shortage.

  37. John Digsby
    John Digsby
    23 dagen geleden

    and nasas rockets arent unecessary? and government bunkers are necessary? and government expenses are necessary? none of that matters lets look to other places to place blame. Obviously when the gov is loosing money, it doesnt keep making megastructures, it reels in programs that are unecessary and they tighten their belts. When it comes to manufacturing, we dont need porsches or ferraris or more expensive cars. We dont need half the things manufactured. Humans cant govern humans, our governments dont govern humans, all the rules made since the seventies have been insane, absolutely insane except that it makes them, the govie, profit, which they then spend on themselves by way of better pensions and etc. Read the writing on the wall.

  38. Jazz Jackrabbit
    Jazz Jackrabbit
    24 dagen geleden

    I would rather have access to an expensive product, than no access at all. #StopPriceCeilings

  39. HodLSpacecraft
    HodLSpacecraft
    25 dagen geleden

    In my area there are tons of places that have people showing up for job interviews, then ghosting. It's so bad that many stores are only able to stay open part time.

  40. William Owen
    William Owen
    26 dagen geleden

    That Elon Musk bit is probably the best argument for UBI out there.

  41. scott irwin
    scott irwin
    26 dagen geleden

    Companies like Amazon have great Deals so people Hoard stuff to resell on Amazon at a higher price {A Win Win for Amazon.)

  42. Larry Woodruff
    Larry Woodruff
    28 dagen geleden

    Can't buy nuthin, your money accumulates, that's a good thing.

  43. Bob Roberts
    Bob Roberts
    29 dagen geleden

    Also remember the " Just in Time ( to be late ) " supply model "

  44. alienclay2
    alienclay2
    29 dagen geleden

    There was another big issue with the supply of graphics cards that wasn't mentioned. GPUs have the added utility of being able to mine for crypto currency and thus recoup the higher price of the card. At the time of this video, an rtx 3080 could mine enough crypto even at inflated ebay prices to pay for itself in about 6 -8 months. Basically, if you are willing to mine when not playing games, you are getting a free device, which can't be said for toilet paper, playstation 5, or iphones, and is why they will continue to be out of stock because miners will always have the patience and buy more.

  45. David Fourman
    David Fourman
    Maand geleden

    All I want to know is, where do you find stock footage of a masked woman walking casually like she's lost in thought with a giant roll of TP under her arm.

  46. Arne Kassel
    Arne Kassel
    Maand geleden

    but what is the reason for the problem or was it answerd and i didn´t understand it? or did he told were the problem in the supply change (for an rtx 3080) is and how it is arised? as far as i know the 7nm chips made by tsmc in taiwan and samsung in south korea are the problem, but i dont now why hey are to less of them. they are missing for cars as well but he didn´t sayd anything about it (or was it my english (im german)).

  47. Oddix Games
    Oddix Games
    Maand geleden

    you can't find 3080 anywhere, simply because it's gone to crypto miners, nothing to do with gamers

  48. Mustang Racer
    Mustang Racer
    Maand geleden

    PRE COVID.. everything working fine/all people prospering .. POST COVID.. all systems failed.. going down in flames.. COVID is the golden goose of the new world order and complete 100% control by the giant corporation/owners of the evil useless "governments" of the world.

  49. Smallstudio Design
    Smallstudio Design
    Maand geleden

    00:09:44 - ❤️ that caption. 👌🏽 👍🏼

  50. Electric Adventures
    Electric Adventures
    Maand geleden

    Never start a sentence with the word "so". People will realise that you're not academic and will ignore your video on the grounds that you've adopted a prose style comparable with a teenage Californian girl.

  51. Dapper Canuck
    Dapper Canuck
    Maand geleden

    umm prices have and are rising ... including housing ... there is MASS inflation ... with stagnation and job loss 6 - 7 percent on food alone in 2020 fuel over five percent year over year in 2020

    1. Dapper Canuck
      Dapper Canuck
      Maand geleden

      one in eight households in Canada are food insecure. That represents 4.4 million people, a number the study says is the largest recorded since Canada began monitoring food insecurity.

    2. Dapper Canuck
      Dapper Canuck
      Maand geleden

      The average grocery bill for Canadians has risen 170 per cent over the past 20 years.

  52. exmat
    exmat
    Maand geleden

    Sweden: First pack of toilet paper 3 $ Second role etc: 12 $

  53. Gaston Jones
    Gaston Jones
    Maand geleden

    Nvidia was a paper launch and the stock that retailers received is proof. It was only to hit AMD like they did with 3DFX thinking that the same results would happen. I hate Nvidia for this and will never buy another Nvidia product again. Once, shame on you, Twice Shame on me. No third time that I will be involved in. Never again Nvidia...

  54. Remy
    Remy
    Maand geleden

    When i saw the forklift dude i shouted , the non-scalped PS5's are in the top shelf! 😁

  55. Son37Lumiere
    Son37Lumiere
    Maand geleden

    It's a simple concept, it's called greed. Nothing more. Supply vs demand is just a fancy way of saying the same thing. Only reason GPU prices have skyrocketed is because cryptocurrency "value" has shot through the roof and whenever there is a get rich quick scheme people jump on it, GPUs currently enable them to do that with this latest scam. Toilet paper is an odd one but people hoarded it out of fear primarily. The simple answer is to limit the number of purchases per person for essential items, although one could argue toilet paper isn't all that essential. I personally refuse to pay any more than MSRP for any product, scalpers can shove it.

  56. Fart Party Plus
    Fart Party Plus
    Maand geleden

    Acorns is nearly the worst way to invest your money. Why you would recommend this to your subscribers is beyond me. Unless you recommended it because its not about whats good for them. Hmmm. Makes you wonder...

  57. Phineas Starter
    Phineas Starter
    Maand geleden

    You didn’t mention the possibility of “supply increase” once...

  58. Lord Sparda
    Lord Sparda
    Maand geleden

    """"Once prices are announced are harder to change"""""" Is can't believe you said that when retail is selling stuff 2 to 3 times the MSRP and that's outside scalpers

  59. thor777mx
    thor777mx
    Maand geleden

    You think this is bad, look at the firearm/ammo market

  60. David Petrusewicz
    David Petrusewicz
    Maand geleden

    Another reason is buy product of Oil. Not refined as much oil Paving roads Plastic Compress carbon Insulation on electrical wire So plastic is like cell phone frame and cases Pvc pipe Frame for solar panel Blade on a wind turbine Soda companies used it for bubble in soda To make the motor for wind turbine Plus need a big old bin in head of the turbine The grid all transformer on telephone polls are full with oil Frame for plastic cars. Plastic for gaming system Tv exc Are all by product of oil

  61. Knox
    Knox
    Maand geleden

    Oh rly.... 😱

  62. jay_615
    jay_615
    Maand geleden

    dont buy from scalpers even dough u have money and it will go all away

  63. Flip Marley
    Flip Marley
    Maand geleden

    Besides scalpers, GPU supply is limited by cryptocurrency miners buying them all up

  64. Andrei Jedidiah
    Andrei Jedidiah
    Maand geleden

    Is acorn financial crisis proof?

  65. Where’s Waldo
    Where’s Waldo
    Maand geleden

    Acorns! You should research the Obama connection with that.

  66. marlo Tree
    marlo Tree
    Maand geleden

    A bubble can seem "full"..... the world is in a debt dubble

  67. Local Guide
    Local Guide
    Maand geleden

    Can literally buy everything, you haven't lived in USSR in the 70s

  68. dusty bowman
    dusty bowman
    Maand geleden

    Raising prices doesn’t solve anything, if something is a higher price then no one can buy the item. It might as well not been manufactured. We need a major reorganization of our economy. Our economy is world class, so let it be in our favor, outsourcing the labor is actually a good thing. It means the labor can be cheaper in most cases. And the Americans can keep a two hands on the wheel of the company. Allowing Americans to handle the upper echelons of a company. Which keeps profits in the US, and it helps rebuild the war torn countries by giving people jobs.

  69. Andrew
    Andrew
    Maand geleden

    I'd boycott market driven high prices. I'd much rather have regulatory controls on essential goods. Best solution to me would be limits on purchase quantities.

  70. darthvader5300
    darthvader5300
    Maand geleden

    Because you Americans outsourced most, NOT ALL, but most of your machine building industries, heavy engineering industries, and machine tool industries. You still have three of these key critical strategic industries but not enough in numbers and in terms of technological variety. You should have acted decades ago in the 1990s and 1980s by stopping outsourcing or else it's accummulative effects which has a time lag before it bites you decades later and it is NOW BITING YOU! Because your industrialists does not have the same long term thinking pattern of the Japanese industrialists who thinks in terms of the next 20 to 30 years or even longer as long as the next 60 to 80 years. Whereas your American industrialists thinks only of the next quarterly earnings reports every 3 months!

  71. michael pike
    michael pike
    Maand geleden

    My comment is how do they make money after development investment on no sale items . And we seen aware fair share of this aspect over the years

  72. Jesus Ochoa
    Jesus Ochoa
    Maand geleden

    John 18:2 And Judas also, which betrayed him, knew the place: for Jesus ofttimes resorted thither with his disciples./inspiration+The ‘place’ where Judas knew he could find Jesus was in the garden, where he so often prayed with his disciples. Even as Jesus knew of his impending end, he remained calm, and surrounded himself with those important to him. Personally, I could think of no better place to be in my final few hours than being surrounded by those whom I have loved, and finding comfort in God. In your last days, who would you be with? Far from a morbid question, we may gladly exclaim that we would also like it to be with our Lord and Father, welcoming us into everlasting life. /prayer+ God my Almighty, my Redeemer and Father, I praise Your name and the comfort You may give throughout my life. Even at my end, I know You will not leave me. Even at my end, surrounded by my loved ones and Your blessings, I may be laid to rest knowing that I am surrounded by Your welcoming embrace and Love. O Heavenly Father, hallowed be thy name! Amen.

  73. Rafael Benavidez
    Rafael Benavidez
    Maand geleden

    Im just waiting for the stimulus checks to run out. Then it’ll be fine pickings of luxury buying.

  74. mister914
    mister914
    Maand geleden

    Doesn't feel like you answered your question in this one.

  75. Erick 0
    Erick 0
    Maand geleden

    China

  76. Hunter Vapes
    Hunter Vapes
    Maand geleden

    My story: -Bicycle was stolen again. -Go to buy $250 Walmart Mongoose fatbike. -Price is suddenly $419, "Walmart RollBack" price no longer shown/offered. -Buy better Chinese bike from Amazon for same price, with 2 Year warranty + tell Walmart to GET WREKT +

  77. solotechoregon
    solotechoregon
    Maand geleden

    If we dispensed with gouging and other similiar laws...one would hope we would dispense with the costs associates with regulating, monitoring and enforcing such laws... I could easy be happy with accepting everything at market price and privately boycott the purchase, your bifrucation doesn't seem to be mutually exclusive.

  78. V Sohn
    V Sohn
    Maand geleden

    Shortages are due to folks now Wocationing From Home. Productivities are way down. NLlike viewing, game playing, social mediaing are way up.

  79. Ra Hab
    Ra Hab
    Maand geleden

    Stock-videos are the worst. 12:38 Govenor

  80. Luis Gutierrez
    Luis Gutierrez
    Maand geleden

    This dude just rambled ill go with Covid and economy.

  81. Steven MqCueen
    Steven MqCueen
    Maand geleden

    The video fails to mention the biggest problem with anti-gouging laws -- they discourage increased production/availability of the scare good, In a properly functioning market, when a good becomes scarce, its price increases. This give producers an incentive to ramp up production and encourages new market entrants, with the result that the scarcity is eliminated. If producers are prevented from raising prices, they have less incentive to invest in expanded production facilities and potential market entrants have less incentive to incur the cost and risk of entering the market. As always, markets work best when they are allowed to operate without government interference. Unfortunately, human nature being what it is, people fail to understand this and demand to be "protected" and politicians are only too happy to oblige them (oftentimes because they are actually benefiting from the scarcity).

  82. Daneel Kendalo
    Daneel Kendalo
    Maand geleden

    The shortage of graphics cards are not because people are building expensive gaming computers, but because they're being used to mine crypto!

  83. Another Mark Russell
    Another Mark Russell
    Maand geleden

    Because greedy, lazy businesses don't want to store inventory. Can't get anything out of season now.

  84. cotus2
    cotus2
    Maand geleden

    Am i the only one who haven’t notice that?? Yea there was a short shortage of tp last year but that’s about it 🤷‍♀️ I’m in EU so not the land of producing ...

  85. Captn Clutch
    Captn Clutch
    Maand geleden

    3080's are not $2000 cards, they do not need a $5000 PC to go into, and they are absolutely not comparable to a Ferrari costing hundreds of thousands to millions depending on the model.. its a $699 card. the other models priced below this that could be used in say sub 1000 dollar PC's also cost thousands right now. Were not talking about Quad SLI custom water cooled over excessive splurges here, were talking about what should be and always was before 2020 an affordable home entertainment product for EVERYBODY that also has a practical use (just because a pc has a GPU in it doesn't mean you cant use it for office work and filing taxes). Not just the Ferrari driving class. I would look into it a bit, lots of average income or below individuals partake in gaming as a hobby, not just kids. It has been popular because it used to be a more affordable choice in comparison to say, buying a Ferrari or traveling the world.

  86. AlanCurtis1917
    AlanCurtis1917
    Maand geleden

    Two things get mixed up here. The first is the temporal inavailability of luxury goods. This one I proper do not care about, I won't be put under severe distress by having to wait for a new console or graphic card. The other is the allocation of essential goods in crisis situations, i.e. toilet paper etc. Here the question has to be posed completely differently and we probably just have to accept, that in such extreme cases markets do not lead to a fair distribution and interference of government bodies is warranted.

  87. BlazedYoda
    BlazedYoda
    Maand geleden

    6:07 yeah what about the $400 graphics cards? you literally cant buy any of NVIDIA's 20 series or 30 series cards new in retailers because they're all out of stock! There is no $2000 graphics card on the market from NVIDIA right now or AMD RADEON , the most expensive GPU right now is the NVIDIA 3090 which retails for $1500.

  88. Dan Ellis-Jones
    Dan Ellis-Jones
    Maand geleden

    Hypercomplexity leads to collapse. The global economy is hypercomplex.

  89. TFWiki's Meme Dumpster
    TFWiki's Meme Dumpster
    Maand geleden

    All government regulation meant to help people by messing with the markets tends to screw them sideways in ways they did not expect. Price gouging is bad, but it's not so bad when you consider the alternative: nobody gets anything because the thing is always out of stock. Price gouging breeds creativity, shortages just create queues. If you go in a store and see a pack of toilet paper for sale at 50$ you'll probably think of alternative ways to clean yourself, like a shower, or newspapers, or buying a bidet. If you see an empty shelf you'll only think of "when will it be back in stock?".price gouging is bad, but the alternative is worse. I can only see anti gouging laws being effective on goods for which demand is very inelastic, like drugs. People won't stockpile aspirin cause noone needs more than one a day or two at most.

  90. Stephen Coles
    Stephen Coles
    Maand geleden

    I can find no evidence of an increase in scrapping of ships, let alone an increase in the scrapping of Container Ships. According to the NGO shipbreaking platform, an equivalent number of ships were scrapped in 2019 as were scrapped in 2020 calendar years. Getting a container onto a vessel hasn't really been an issue in my experience. Getting an empty container on the other hand became increasingly difficult and ports were heavily congested at all stages through the back hand of 2020.

  91. J J
    J J
    Maand geleden

    First item sticky price, second item market price.

  92. ThePostApocalypticTrio
    ThePostApocalypticTrio
    Maand geleden

    It wasn’t logistics as the problem. I work for a logistic company, and we’ve been nonstop since the pandemic.. “essential worker” and all that

  93. Rick Rose
    Rick Rose
    Maand geleden

    This video is so out of touch, I barely know where to begin. It doesn't at all explain the way I have experienced product shortages. There are four grocery items I regularly buy that I cannot find. There are no sophisticated components involved and no one would be hoarding them so far as I know. Still, I used to be able to buy them regularly, and now, they're almost impossible to find. What has happened to the supply chain regarding these items? Also, Australia did NOT experience the pandemic in the same way the United States and Europe did.

  94. ᴇɴᴛʀᴏᴘʏ
    ᴇɴᴛʀᴏᴘʏ
    Maand geleden

    Frugal people get rich while spenders get poor. The average consumer is a complete idiot because they’ve convinced themselves that they need the things they want, rather than learning to want the things they need. Relationships cost money. Having kids is stupendously expensive. Learn to live uncomfortably, and then learn to enjoy it. Stop buying so much stuff just because you have the money to buy it. If it’s subscription, it’s evil because it’s perpetual loss of money. Stop buying brand names, and stop buying phones every year. Cancel Netflix & Hulu and stick with NLlike or other free things. Stop having your living spaces crammed with stuff. Living frugally allows you the space to store up necessities (when they’re cheap, and no one’s hoarding them) so that when a storm or pandemic hits, you aren’t scrambling to buy what others are panic hoarding. Coffee is not at all a necessity, so wean yourself off of caffeine. Learn the very basic cooking skills by practicing and failing until you can cook to live, and stop living to eat. Get healthy and cut out nearly all sweets. Learn to cook ramen and add fresh veggies to it. Stop eating at restaurants altogether, permanently. Soda is death. Stop buying expensive clothes just to impress people who are impressed by expensive clothing. Go to good will and buy three or four sets of cheap clothing, and make that clothing last for years. Take extreme good care of what VERY little you DO have so that it last for years. Find workarounds for obstacles to saving. Learn to store up reserves of money over YEARS and learn to invest it in something like cryptocurrency (as opposed to robinhood and the like). Find the point where you tell yourself “I don’t care, I could NEVER live in conditions like THAT!” and then care and LEARN TO LIVE SO FRUGALLY THAT EVERYONE ASSUMES YOU’RE POOR, AND LEARN TO NOT CARE WHAT THEY THINK as you watch your bank balances increase. If enough people refused to fall for TV ads and NLlike sponsored ads, stopped buying the latest console or electronic thing as soon as it came out, corporations would necessarily have to lower prices to earn consumer dollars that consumers as a whole would fight to never let go of. The objective is to save as much as you can while you can save it so that later on in life, your stacks of savings will provide you with a reasonable living without the need to work. You can do it if you convince yourself you can and ignore (with a fearsome vengeance) absolutely everything anyone else (especially advertisers) tell you. The unnecessary things you buy now to feel good rob you of future money. When you HAVE saved up enough to be wealthy in the future, continue to live frugally, but learn to buy nice things infrequently. Your savings should outpace your spending until your spending can match your savings without depleting it. This is how you get rich or die trying.

  95. Tom R
    Tom R
    Maand geleden

    Some products don't match this trend

  96. Bapuss Bagpuss
    Bapuss Bagpuss
    Maand geleden

    Interesting that you did touch on the scalping trend but only lightlty. The massive rise in scaliping automation tools really has hit the console market

  97. Andre Anderson
    Andre Anderson
    Maand geleden

    #linus #ltt #shortcircuit

  98. Dustin Speicher
    Dustin Speicher
    Maand geleden

    But what about manufactured scarcity?

  99. Swiper
    Swiper
    Maand geleden

    #weg_mit_dem_gez_zwang_ausrufezeichen

  100. Time Traveler
    Time Traveler
    Maand geleden

    The majority of consumer goods are made in China. Restriction on the economic trades with China caused a shortage of China-made consumer goods in the USA. That is the reason you find some consumer goods unavailable in stocks.