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Why is tech so very cheap in US?
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Dared
2012-12-18 , 14:15
Posts: 187 | Thanked: 143 times | Joined on Nov 2011
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It's a result of a basic economic principle called price discrimination. Companies will extract as much consumer surplus as possible. In other words, get the consumer to pay the absolute maximum they're willing to pay. Tech is expensive here in Australia - if you look at our minimum wage here it's much higher than what you get in the states
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