this post was submitted on 24 Jul 2023
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What’s going on with tech, recently?
Netflix cracking down on password sharing, reddit’s API changes, every streaming platform raising their prices, YouTube fighting against adblockers and potentially charging creators for visibility… the list goes on and on, and it seems to be coming from every direction all at once.
Am I missing some huge financial change in the tech investment sphere that has affected Silicon Valley (ie. freakout due to the SVB collapse)?
Or is this just a case of companies seeing each other get away with squeezing consumers, and following suit?
They raised the price by 1 whole dollar after however many years and y'all are acting like it's the tech apocalypse. This is hardly on the same scale as what Netflix is doing.
There's a reason you're poor.
That reason is wages not keeping up with inflation. Eg, if the US min wage kept up with inflation, it'd be something like $25/h (vs $7.25 federally today). I think you'd be able to afford an extra buck a month for music if you got paid that much more. And that's just inflation. Don't look up tying it to productivity cause that'll just be sad.