LOL, any found efficiency doesnt go to the consumer. The evidence is the widenin... | Hacker News

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		frogperson 22 days ago \| parent \| context \| favorite \| on: Amazon closing its Fresh and Go stores LOL, any found efficiency doesnt go to the consumer. The evidence is the widening wealth gap over the last 40 years. Its trickle up economics.

jgbuddy 22 days ago [–]

does competition not naturally drive competitors to reduce margins?

TulliusCicero 21 days ago | [–]

It does, though you need sufficient competition.

In particular, it's useful to have new, upstart companies that are 'hungry' for market share, and aren't excessively tied down to old ways of doing things.

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