this post was submitted on 23 Nov 2024
550 points (95.8% liked)
Technology
59651 readers
2763 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
i think you're not thinking about what efficiency means for corporations.
I think it's exactly what I'm thinking about, unless I'm missing something specific that you'd like to put forward?
If I own a bottled drinks company and the energy cost is 10p a bottle but a new, more efficient process is invented that would lower my energy cost to 5p a bottle, that's going to be looking like a wise investment to make. A few pence over several thousand products adds up pretty quickly.
I could either pocket the difference as extra profit, lower my unit price to the consumer to make my product more competitive in the market, or a bit of both.