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Why have rates been stagnant for 25+ years?

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There is a natural resistance in the human psyche to paying increased prices for anything. In my former role as a professional buyer in a manufacturing industry, I have faced many declared price increases from suppliers ... that were then followed by rollbacks due to "price resistance". It's one thing to post an increase in prices, and quite another to make those new higher prices "stick" in the marketplace. A price increase often actually backfires, such as when it prompts a hitherto complacent and otherwise happy customer to start looking for an alternative supplier. Customers everywhere, and in all things, can and do vote with their feet.

 

Your post was so bang-on in so many respects that it's a keeper for me.

 

One thing people need to realize, though, is that while the rates you quoted may seem high, they wouldn't have jumped overnight. Just as with most things, hikes would have been incremental and in keeping with rising costs in other things.

 

I do believe the main thing that kept our rates from rising along with everything else was our failure to assess our rates against our costs and ask for more. The disposable income was there all along, as was the demand, and people aren't really as militant about refusing to pay higher prices as they make out when they post on boards and such. (The conspicuous consumption I've seen go by in men's underwear in recent years is astounding -- considering the price differential between a pair of Tommy Hilfiger's and a pair of Fruit of the Looms. If people are willing to pay that much more for underwear, then I imagine they'd be agreeable to modest regular rises in the costs of luxury services.)

 

(Off topic -- you know... I can't help noticing these "post icons." For the first time. Eek! ;) )

 

..c..

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Hrmph!

 

Just to be fair, The same could be said about escorts overcharging just so they can sneakily add tips to their price in case they don't get a tip at the end of the service.

 

btw im a mechanic and even though i don't take offence in you comment... i still have to say "shame on you" for that ridiculous generalization that us mechanics use an oil change to exploit and find other problems with your car. sheesh. lol

 

yeesh. It was both a guess and a question.. which is why I said mechanics could answer that. you say you don't take offense and then in the same breath say shame on me. really? sensitive?

 

btw.. reputable escorts don't upsell. The charges are up front and all-inclusive.

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