all things being equal, if one photographer is charging a 3% fee and the other one is not, demand should naturally flow to the one that is not.
businesses are incentivized to lower prices to stay competitive, if they can raise prices at will, there is simply too little competition (or bs govt subsidies, moats, regulatory capture etc.).
Also, prices coming down is deflation, which would translate to lowering wages for the working class, we certainly do not want that.
While I agree with the premise that tipping culture is frankly bullshit, I'm not sure if I agree with the solution (or problem) but I'm glad to see you writing again.
all things being equal, if one photographer is charging a 3% fee and the other one is not, demand should naturally flow to the one that is not.
businesses are incentivized to lower prices to stay competitive, if they can raise prices at will, there is simply too little competition (or bs govt subsidies, moats, regulatory capture etc.).
Also, prices coming down is deflation, which would translate to lowering wages for the working class, we certainly do not want that.
While I agree with the premise that tipping culture is frankly bullshit, I'm not sure if I agree with the solution (or problem) but I'm glad to see you writing again.
Congrats, Justin, on your upcoming wedding. Good for you!
I like your take on the tipping - I think the same.
Thank you my friend