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Reddit's Supply & Demand Problem
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A lot of subreddits will have issues with people using the subreddit for the wrong thing. Asking for medical advice in AskReddit, promoting your own songs in musicproduction, et cetera. Problems like this seem to be mainly an issue of supply and demand; there's not a good supply of appropriate subreddits, or no one knows about the appropriate subreddit for their post at all, and so the demand gets shunted into the wrong subreddits, resulting in those subreddits becoming bloated with irrelevant content.
I think a lot of these problems could be fixed by being more diplomatic with rule-breakers and either being more specific about what exactly the subreddit is for (woahdude, you're in my thoughts and metaphorical prayers) or referring users to appropriate subreddits instead of banning them on sight. This could quickly resolve a lot of common subreddit drama and make subreddit management a lot easier.
As for the lack of supply for the spurious demand, that's about as simple as creating a new subreddit or using the search bar. Thoughts?
Top Comment:
You are have a misunderstanding of the problem.
It's not about supply and demand, but rather what is the most populous subreddit.
Going to musicproduction that has 189k subscriber and advertising your music will have way more clicks and likes, than going to a specific subreddit that has 1k member.
Going to askreddit that has 32.6 million subscribers and ask a medical question, will have more replies than going to a specific subreddit that might have 10k subscribers.
It's not a demand vs supply it's just a matter of return of investiment.
Or law of less effort.
ELI5: Supply and demand
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As I understand it supply and demand works as follows. High demand causes shortages and higher prices. While high supply causes surpluses and lower prices. This seems simple and makes intuitive sense. However, it does not really fit what I actually see happening around me.
Let's consider bell peppers. When I go to the grocery store, I can get green yellow or red bell peppers. The green have the most demand, but they also have the lowest price. Presumably all three colors cost about the same to grow, so why are the green variety cheaper instead of more expensive?
Bell peppers are just and example. It seems to me that in general, the more demand for something, the LOWER the price actually is. This seems to be in direct conflict with the idea that demand drives prices up.
Top Comment: Supply and demand generally work within a single thing, not so much between things. Each product has its own supply and demand curve. Also, supply and demand are curves, or schedules. Demand is "at a bunch of different prices, how much would people want to buy at each price". And supply is "at a bunch of different prices, how much would people supply at each price". If you just go to the store and look around, you can't see this operating, because you only see one point on the curves, not the whole curves. In order to see the whole picture, you need to do a lot of market research or experimentation, to figure out what would happen at prices other than the one price which is actually visible at the store. Also, the supply curve is very time dependent. If a certain gadget starts to be become popular, at first the price would go up because the supply can't be changed quickly. But then as factories are retooled to make that gadget (due to the higher price) rather than something less trendy, then supply at a given price will increase, and the market price will fall. Over the long term, the supply curve is almost always flat. As long as people are willing to buy something at a price slightly above what it costs to make, people will always be willing to build more factories or plant more acreage to produce whatever volume is demanded. But building factories and growing crops take time. Once all the land which is suitable for a certain crop is already planted with that crop, now the supply curve will start to slope again even over the long term. The green have the most demand, but they also have the lowest price. Presumably all three colors cost about the same to grow, so why are the green variety cheaper instead of more expensive? But they aren't all the same costs. Green peppers are immature peppers. If left in the field long enough, they will turn yellow, orange, or red (or just rot). They are cheaper because they take less time to grow, and time is money. Also, less time is less opportunities for pests or rot to get to them. And when you do let green peppers ripen, they tend to do so unevenly so parts are green, and other parts are yellow, and other parts are orange red. This is unattractive and those peppers aren't sent to market, but have to be sent for less lucrative uses like canned salsa.
Am I just dumb or does Reddit really not understand how supply and demand with limited supply goods work (e.g. PS5)?
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There are a lot of people in this post who are angry at scalpers. And I get that, if you have to pay 2x MSRP for a PS5 then of course it doesn’t feel good.
But that’s literally what happens in a shortage. You aren’t able to get things
However, what a lot of these people seem to get wrong is that, even if scalpers didn’t exist, it would have no effect on the supply. There would still be the same number of PS5s as before. You wouldn’t have a better chance of getting a PS5.
When scalpers exist to regulate the free market, the person with the highest marginal value for a PS5 will be able to get it. When scalpers don’t exist, the same thing will happen. Sure, people would resell the goods but people would pay in other ways—for example by waiting in line longer.
This is all basic economics. Am I just stupid or do most redditors not understand basic economics concepts like this?
Top Comment: Think of it this way, every individual who is able to purchase a console at the Manufacturer's Suggested Retail Price (MSRP), despite being willing to pay more, would experience an economic gain. Every additional dollar they have to pay to a scalper reduces their economic gain and increases the scalper's. If you would pay $1,000 for a console, but are able to get it for only $500, that's an extra $500 in your pocket and possibly some intangible happiness. If you have to pay $1,000 for the console, you realize no gain. Even though the market as a whole might be functioning efficiently in the latter scenario where you pay $1k, a rational consumer would prefer the former where they realize a gain. While the actions of the scalper might be rational, his profit is in some cases derived from the losses of people who would have otherwise been able to purchase the console at MSRP. While the scalpers don't affect total supply, they do affect demand, which can increase the market price. I think what you have to understand is that while this does seem rational from the perspective of the free market in basic economics, the real world is composed of individuals who are subject individual gains and losses as well as location differences, search costs, and expectations. Let's consider how some of these other things can affect individual opinions against the behaviors of a rational economic actor like a scalper: Location Differences - While you're correct that the scalper's actions will not have any effect on overall supply, they can impact local supply and demand. When some profit-seeking individuals purchase large quantities of these consoles, they can reduce the quantity of consoles available in their local area, because the scalper might be able to make a greater profit selling it online to a different city or state. A Walmart in Giddings, Texas might receive a limited quantity of PS5s because of the relatively small population and median household income of $44,000 . A scalper who purchases all of their consoles and sells them to individuals in New York City with a median income of $64,000 might price them above what an individual in Giddings is able to pay. While it makes sense for the scalper from an economic perspective, individuals in certain locations might not appreciate being forced to compete with other areas earning higher median incomes. Search Costs - Some consumers are not price sensitive, so the search costs for a console are minimal, because they're willing to pay the market price of a console on an auction site. For these consumers, scalpers can provide a valuable service by drastically reducing their cost (time spent) searching for a console. Other consumers who are price sensitive might only be willing to purchase a console if it's below a certain price. For them, the added demand from scalpers and potentially reduced local supply of consoles can increase their costs of searching for a console. Expectations are an important part of economics that can influence opinion and behavior. In this case, people expect to be able to purchase a console at MSRP, and scalpers are economic agents who act explicitly for the purpose of selling consoles above MSRP. The actions of the scalper undermine peoples' expectations of what they feel is fair, which could explain the overwhelming negative response. Even though the actions of the scalper are rational due to limited supply, some individuals bear the economic costs of their actions either through a higher purchase price, lack of a local supply, or increased search costs. Additionally, many people expect being able to purchase a console at MSRP, and might view the actions of the scalper as undermining their expectations. Edit: I focused my comment on why people might justifiably be angry at scalpers, but as u/YaYaOnTour correctly pointed out in their comment , a more complete response should have mentioned that scalpers create a benefit for people who are willing to pay more for a console but unable to find one. I made that a bit clearer in the section on Search Costs.
Is .net in demand for jobs right now? : r/dotnet
Main Post: Is .net in demand for jobs right now? : r/dotnet
Is Bioinformatics in high demand?
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Right now I would say its a niche field, but do you think Bioinformatics will be in high-demand one day, to the point where compensation matches that of the tech industry?
Top Comment: yes, there is a huge demand. 1 single-cell sequencing dataset takes 3 days to generate but can take months to get to the bottom of (as far as we currently are capable)
Demand for Smartphones is Slowing, Says Apple Supplier TSMC
Main Post: Demand for Smartphones is Slowing, Says Apple Supplier TSMC
Top Comment:
When everybody has one, nobody needs one.
Maybe people are starting to question the sanity of spending hundreds of dollars (or over a thousand) every year or two.
Which technology is in demand and can land a good job?
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I am a 3rd yr BTech student, I know C,Cpp,Java, Html,Css, Javascript & python (not advanced at js & py). I want to learn technology which is used in the market as to secure a well paying job. I am ready to learn any technology. Suggestions will be appreciated Comment if you are experienced or have appropriate knowledge or can dm me
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Demand gen - worth it?
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Is demand gen worth it? Or just another revenue stream for Google and as the end user won't really see much uplift?
Top Comment: It is definitely not easy, that I can say. We have a bunch of clients (we only work with eCom brands) where we start to see some good results with Demand Gen with meaningful budgets ($200-300++ a day). But it usually comes with an initial testing period requiring at least $2-3k to get any direction. I also noticed that a very plain "buy our product" format works a lot less well here. Our content is a bit more top of funnel, interesting, engaging, educational or whatever. Don't get me wrong - we are still aiming for a quick sale as we don't want to engage in pure branding activities here, but it's a different game. Generally, if you have a visual product with some sort of mass market appeal you might want to try Demand Gen after you see some level of saturation from Shopping / Search or with some spare budget left.