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12 Christmas Gifts Not To Buy Online
nsingapu writes "While online shopping is booming this Christmas, niche products like "two turtle doves" purchased on the Internet are becoming increasingly more expensive then their non e-tailed counterparts. PNC bank has updated their annual tongue-in-cheek economic analysis, based on the cost of goods and services purchased by the True Love in the holiday classic, "The Twelve Days of Christmas." The analysis compares the cost of traditional goods against their cost thoughout the past 20 years and against the price when purchased online. PNC concludes that most items are more expensive to buy over the Internet, primarily due to the cost of shipping, and that the abundance of cheaper labor in countries such as India and China has resulted in pressure on U.S. manufacturers to outsource."
Over the years the broadest swings have been in the swans which apparently are somewhat difficult to breed. Some years there are huge shortages other years gluts in availability. Excluding the swans from the core index allows for a more stable and truthful economic indicator that is not tied to supply-demand related swings in swan pricing.
I live in New Jersey. I ordered four books from Protoporia a Greek online bookstore. The four books I ordered only cost a total of 26.24 Euros, which compared to the price of books in America is decent. One of the books Thanos Vlekas(in Greek) only cost me an amazingly low price of 2.81 Euros, while the English translation of the same title cost $17.95 at Amazon. The problem is that shipping from Greece cost me 17.20 Euros and took 10 days. There is no alternative for Greek books though, there is no real Greek bookstore in the entire United States. Some stores in Astoria have a few Greek books but they are not bookstores, and it costs over $12 dollars alone to pay for tolls to drive there. All in all in this case though the shipping price is very high, there is no alternative, even driving to New York for books because of tolls would cost almost as much, something to keep in mind about online shipping, even driving out of your area can cost alot with tolls, gas, etc.
Simple: because people are prepared to pay that price. Products generally retail at the price that will bring the most profit, increased prices will reduce the volume, but increase the gross profit. There is a optimum point somewhere and it would appear that for many electronics devices, it is higher in the UK.
There is also the factor that the UK price includes VAT (17%), while the US price does not include tax.
The real "Libtards" are the Libertarians!