r/PeterExplainsTheJoke • u/Melodic_Judge_129 • 9h ago

Meme needing explanation Petah?

Post image
14.7k Upvotes

92% Upvoted

2.7k comments sorted by

View all comments

Show parent comments

1

u/Intelligent-Gold-563 6h ago

But nothing you said is true.

People will definitely buy more than usual if the price drop down because they could finally buy it.

If grocery prices go down, people won't suddenly stop doing grocery. They will go at it even more than before because now they can buy what they wanted to buy but couldn't afford

1

u/EM3YT 6h ago

There is an initial surge when this happens, and your right that falling prices see a boost, but what follows is that labor is cut to increase profit margins and spending decreases. Suddenly work is hard to find and you need to stretch every dollar and prices are going down. So you cut things down to the essentials, but work is still hard to find because no one is hiring when profit margins are uncertain

1

u/MoschopsAdmirer 6h ago

There will always be demand for essencial products, and the government is going to intervene much sooner than that apocalypse you're describing.

1

u/EM3YT 6h ago

That’s basically what happened with COVID and people here are saying it was bad that they did.

1

u/MoschopsAdmirer 6h ago

COVID was something else. The economy kind of stopped for a brief time cause people couldn't go to work.