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Inflation positive --> prices increasing
Inflation near zero --> prices stable
Inflation negative --> prices decreasing, but you are in a huge economic crisis
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Submitted 2 weeks ago by eru777@lemmy.world to games@lemmy.world
Comments
nuko147@lemm.ee 2 weeks ago
piyuv@lemmy.world 2 weeks ago
Inflation near zero and salaries increase -> purchasing power increasing, which is something we can only dream about
jacksilver@lemmy.world 2 weeks ago
The US was on its way to that, until Trump and Republicans decided to trash the entire world economy.
merc@sh.itjust.works 2 weeks ago
That’s not something that can be solved by changing interest rates. To increase wages you need unions and for those unions to go on strike.
peoplebeproblems@midwest.social 2 weeks ago
It is possible, but financial types will tell you that you will lose your job. Which is funny, because most products and services require labor to make any money from them, so it sounds to me that if deflation occurs and profit is still required, you have the option to layoff a bunch of people or get creative.
Maybe it’s just me, but I’d be a lot happier if I had a bunch of employees that know how the business works and know where things can be improved and do it. Maybe like getting rid of managers who only know how to change the headcount of their bit of the org.
Don_alForno@feddit.org 2 weeks ago
“Inflation decreases” means “the prices are being raised slower”.
What you are looking for, prices going down, is “deflation”. Governments generally do their best to avoid that, because people would start holding off on purchases expecting lower prices next week, month, quarter,… and it would tank the economy.
daniskarma@lemmy.dbzer0.com 2 weeks ago
If not so much about holding purchases. Is about money sitting. With deflation your money is worth more each day. So investment is discouraged. Why risk money if money by itself grow?
In a economy based on investments that not desired
toastmeister@lemmy.ca 2 weeks ago
I think its because deflation is when the money supply is contracting, so asset values begin to be valued at their actual value instead of their inflated nominal value. Which an inflated nominal value causes more consumption via the wealth effect, and the misallocation known as the business cycle.
p03locke@lemmy.dbzer0.com 2 weeks ago
Governments generally do their best to avoid that, because people would start holding off on purchases expecting lower prices next week, month, quarter,… and it would tank the economy.
That’s not how human nature works. If people need groceries, they aren’t going to hold off purchases until the prices go down.
gingernate@sopuli.xyz 2 weeks ago
Right, but instead of spending 1200 a month they are only spending 800.
piskertariot@lemmy.world 2 weeks ago
Steam: Games are $5 if you’re willing to wait.
chonglibloodsport@lemmy.world 2 weeks ago
Or if you’re like me and don’t care about the latest big studio games. I play games by development teams with less than 10 people, tending towards just one person. I have no desire to play any of Nintendo’s newest games.
november@lemmy.vg 2 weeks ago
Or they’re free if your library has video games.
kittenzrulz123@lemmy.blahaj.zone 2 weeks ago
Or they’re free if you’re willing to sail the high seas
shplane@lemmy.world 2 weeks ago
I wish Factorio would go on sale but the makers said that’ll never happen
sugar_in_your_tea@sh.itjust.works 2 weeks ago
Probably closer to $10 going forward. $5 just isn’t what it used to be.
RagingRobot@lemmy.world 2 weeks ago
That’s the best model. Nintendo games used to get cheaper over time too. Idk how that stopped so easily. I guess you can’t find them used without game stop in most places though so they are happy to keep it high
Pxtl@lemmy.ca 2 weeks ago
That’s not how inflation works.
itsgroundhogdayagain@lemmy.ml 2 weeks ago
If we don’t buy $80 games, they WILL put them on sale. I haven’t paid full price for a game since Horizon FW came out and it’s worked out pretty well.
morgunkorn@discuss.tchncs.de 2 weeks ago
maybe just don’t buy it? life goes on, you can play something else
BroBot9000@lemmy.world 2 weeks ago
Buying new games is decreasing in value sharply. They are releasing broken games, overpriced and with invasive DRM.
Play games 2+ years delayed. They are completely fixed and in a playable state, reasonably priced with frequent sales and some game get their shit DRM removed for better performance.
And no. Games as a service and fomo are NOT enough to buy games on day one.
Peffse@lemmy.world 2 weeks ago
Doesn’t work on Nintendo, for some reason. Mario Tax expanded to anything first or second party, so the best you’ll see is $20 off new price on Mar10 for the games that came out 5 years ago. It’s like every retailer came to the agreement that Nintendo games don’t depreciate.
Tudsamfa@lemmy.world 2 weeks ago
Best way to get 20$ off is to buy the game 2nd hand.
Scotty_Trees@lemmy.world [bot] 2 weeks ago
PC + emulators = fuck greedy corporations. Get fucked Microsoft. Get fucked Nintendo. And Sony? Fuck you too. Indie devs tho, you’re cool.
Grimm665@lemm.ee 2 weeks ago
Goronmon@lemmy.world 2 weeks ago
Yeah, thankfully with PC gaming there are no large corporations involved.
Draegur@lemm.ee 2 weeks ago
A headline in the near future:
“are millennials killing the gaming industry?”
thatKamGuy@sh.itjust.works 2 weeks ago
Millennials are no longer the media scapegoat; we’ve aged out. Gen Z are copping all the blame now!
DoubleSpace@lemm.ee 2 weeks ago
The problem with millennials is that they firmly believe a McChicken should never cost more than a dollar.
Draegur@lemm.ee 2 weeks ago
I was born in 85 and I think 1.50 would have been an appropriate price for McDoubles and McChickens. But not three fucking dollars
DrSteveBrule@mander.xyz 2 weeks ago
A McChicken is definitely not worth more than $1 lol
Shardikprime@lemmy.world 2 weeks ago
I just want to say inflation decreasing doesn’t mean that prices will go down
If anything, inflation measures the acceleration of price increases.
If this acceleration still is positive, but, less than before, there is still a price increase.
It is only less than it would have if it hadn’t decreased
Auntievenim@lemmy.world 2 weeks ago
Degrowth economy baby!!! We’re getting it!
otp@sh.itjust.works 2 weeks ago
Should’ve been “Until the tariffs are gone, right?”
BackgrndNoize@lemmy.world 2 weeks ago
Why are people so desperate to play new games, I’ve got a large pile of games I bought on sale that I haven’t even played once yet. Why would I ever pay launch price for a game knowing full well it’ll be worth 10$ a couple of years down the line, and till then I’ll play the games I already own.
thatKamGuy@sh.itjust.works 2 weeks ago
It’s basically FOMO, people just want to be a part of living culture.
BreadstickNinja@lemmy.world 2 weeks ago
And game companies and media outfits advertise the shit out of them because they drive console sales.
I much prefer to be on Steam, think, “Oh, that looks cool,” then forget about it on my wishlist for two years until it pops up at 80% off.
monkeyman512@lemmy.world 2 weeks ago
Yeah, prices will only go down if sales go down massively. And since video games are likely being used as an emotional coping mechanism, that seems unlikely.
DragonTypeWyvern@midwest.social 2 weeks ago
The thing about demand/supply ratios is there’s also cost.
AAA games aren’t coming down in sticker price without actual deflation. That’s just not how it works. That they were selling at $60 for so long is a function of cost reductions in an industry where the only thing left to cut is employee costs or the widespread adoption of AI dreck.
If you want a game for less than $80 you’re going to have to buy games with smaller development scopes.
monkeyman512@lemmy.world 2 weeks ago
True. This may actually be a boon to smaller devoplers who can sell games for less money because there development costs are less ambitious.
Tattorack@lemmy.world 2 weeks ago
That’s really not how inflation works. We’d somehow need negative inflation, which probably only exists in the nightmares of economists.
LandedGentry@lemmy.zip 2 weeks ago
[deleted]RightHandOfIkaros@lemmy.world 2 weeks ago
Sony started the $70 game increase. Nintendo is just following Sony, really.
Goretantath@lemm.ee 2 weeks ago
Prices will only come down if the company decides to stop being greedy. Inflation is just a word to oppress the poor, theres no need to keep prices raised if record breaking profits are made.
Solemarc@lemmy.world 2 weeks ago
In my local currency (Aussie Dollars) AAA games cost $120. Like, man, I’m not spending $120 on a game. I can’t remember the last time I bought a game at that price.
Vince@lemmy.world 2 weeks ago
Taking the most naive view here, but is there any chance, increasing the price will in any way prevent more layoffs in the video game industry?
amino@lemmy.blahaj.zone 2 weeks ago
no, if anything it will increase them because prices going up is almost always tied to mass layoffs. austerity package and all that.
ampersandrew@lemmy.world 2 weeks ago
It lowers the threshold of how many copies need to sell before a given game breaks even on its budget. It also lowers the number of copies it will sell, because some percentage of people who would have bought a game at the lower price no longer find it to be worth what they’re charging for it.
southsamurai@sh.itjust.works 2 weeks ago
Prices never go down for things like that, they only go up.
umbraroze@slrpnk.net 2 weeks ago
Game prices have nothing to do with inflation (or even production costs) and everything to do with arbitrary price points the industry just settles upon. Nothing forces them to charge that much, yet they do it because they think they can get away with it for now.
Rising prices have had an effect on me - I’m definitely not buying as many games as I used to, least of all impulsively on hearsay, and I’m not trusting any publisher enough to preorder stuff anymore. So they went past my pain point, sorry. If they keep doing this, they’ll run over everybody. I don’t think this is a sustainable direction.
then_three_more@lemmy.world 2 weeks ago
That’s not how inflation works. Inflation going down means they just stay around 80 and in theory your wages gradually come up so 80 now feels like 40.
sugar_in_your_tea@sh.itjust.works 2 weeks ago
If inflation is zero, your wages won’t rise all that much. Most of your yearly wage is to keep up with inflation, so if you’re not getting promotions, don’t expect to beat inflation by much.
then_three_more@lemmy.world 2 weeks ago
If productivity is going up wages should go up. However what has been happening is that the extra money has been being funneled into the pockets of the rich. I’ll bet you the board and senior management ain’t giving themselves inflation based pay rises.
mriormro@lemm.ee 2 weeks ago
Allow me to introduce you you Expedition 33.
I haven’t finished it yet but it’s fucking great. I bought it and thought it was on sale. Turns out that was just the MSRP.
RightHandOfIkaros@lemmy.world 2 weeks ago
Why didn’t you include Sony in this image? They increased prices even before Nintendo.
MrNesser@lemmy.world 2 weeks ago
Remember when we were told games cost so much because of packaging
ampersandrew@lemmy.world 2 weeks ago
It was a nontrivial cost that factored into the price, and the switch to digital is a large part of why game prices were so inflation resistant for so long.
formergijoe@lemmy.world 2 weeks ago
Finally, video games cost as much as Chrono Trigger did when it came out!
Diplomjodler3@lemmy.world 2 weeks ago
Those games are so expensive because people will pay those prices. There are plenty of cheap games to be had.
madjo@feddit.nl 2 weeks ago
Until the market is unwilling or unable to pay it
Lucidlethargy@sh.itjust.works 2 weeks ago
Lol. I won’t buy them, so I don’t care.
ampersandrew@lemmy.world 2 weeks ago
Inflation decreasing just means that prices aren’t rising as fast anymore.
Dicska@lemmy.world 2 weeks ago
Also, if you’re rooting for deflation: more ofthen than not, when deflation happens, things are not going great in terms of economics.
Lost_My_Mind@lemmy.world 2 weeks ago
I just wish we’d have neither inflation nor deflation.
Candy bars used to be $0.50 when I was a kid. That would probably equal the buying power of $1.25 today. But candy bars are like $2, and about half the size.
I just want it to be still $0.50, and not get smaller.
whotookkarl@lemmy.world 2 weeks ago
It’s more run away/chain reaction type events you want to avoid I think rather than a low % inflation or deflation that remains relatively stable, swing too far in either direction and you going to have problems.
Lucidlethargy@sh.itjust.works 2 weeks ago
LOL, yeah… Cause shit is going great in America right now.
Deflation bad, fascism good.
Lucidlethargy@sh.itjust.works 2 weeks ago
That’s thinking like a corporation. The rest of us just stop buying games.