(katoeylover @ Dec. 06 2006,02:43) Doug,
I dont get your points re pricing.
The margins you are talking about on alcohol exist all over the world. In the Uk a bottle of bud/stella/miller/ etc costs 0.35p. This is the same whether you are in Manchester, liverpool or central london. However in london they cost double usually as other places and in strip clubs more. Most popular bars will make a 300-400% markup on these items.
"it feels like $16" - rubbish it feels like 150bt, what this buys in Thailand doesnt bother us, but it does buy me a seat in a fantastic bar with the best view in the world (at 1.05am!!).
Also, by the way, when on holiday I am spending in £'s as that is what i earn.
I dont get your points re pricing.
The margins you are talking about on alcohol exist all over the world. In the Uk a bottle of bud/stella/miller/ etc costs 0.35p. This is the same whether you are in Manchester, liverpool or central london. However in london they cost double usually as other places and in strip clubs more. Most popular bars will make a 300-400% markup on these items.
"it feels like $16" - rubbish it feels like 150bt, what this buys in Thailand doesnt bother us, but it does buy me a seat in a fantastic bar with the best view in the world (at 1.05am!!).
Also, by the way, when on holiday I am spending in £'s as that is what i earn.
I don't understand it, but OK, if you want to pay a premium to get less.... up to you.
The "feels like $16" thing isn't rubbish, but I'm not an econ major, so I can't really explain it very well. I thought I did a pretty good job with that software-company vs. software pirate example, but I guess that got glossed over by you when you read my long rant. Oh well, please re-read that part as it explains my point pretty well.
To sum it up:
- It doesn't matter how much money YOU make.
- If a software pirate tries to charge you $100 for a Photoshop CD, he's ripping you off, period. It doesn't matter that you're still getting a great deal compared to the original.
- His cost is zero, and so ANY price he charges is pure profit. You could pick up a student version of Photoshop at a college bookstore for $100, but the pirate is trying to get $100 from you as well.
- So you could get the same product somewhere else for the same price and the pirate's cost is zero. So what does HE give you for your money? Nothing.
Likewise, you could get a beer and a nice show at dozens of bars in Bangkok for equal or less money. And a shag may not be guaranteed, but it's easy enough to come by without trying too hard.
So what does the Nana bar owner give you for that premium profit he's making on your beer and barfine?
He gives you nothing. Period.
And that's pretty much all I've got to say on this topic. My rant energy is spent...
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