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|    talk.politics.guns    |    The politics of firearm ownership and (m    |    196,508 messages    |
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|    Message 196,226 of 196,508    |
|    Broke & Blue California to All    |
|    Welcome to the 'annoyance economy': Amer    |
|    20 Feb 26 11:10:30    |
      XPost: alt.fan.rush-limbaugh, talk.politics.misc       From: democrat@ruined.california              Your time, money, and patience might be valuable to you, but they mean       so much more to the company’s bottom line.              A new study by the Groundwork Collaborative reveals that Americans are       dealing with longer customer service wait times, paying billions in junk       fees, and losing even more to healthcare hassles, setting the stage for       what the group dubs the “annoyance economy.”              Junk fees for concerts, hotels, and food deliveries are costing       Americans over $90 billion a year, the study found. By assigning a       dollar cost to studies estimating the hours consumers spend on hold,       researchers found Americans cough up over $21.6 billion in wasted time       due to healthcare administrative hassles.              Companies are also getting a premium for your time. The time Americans       spend on the phone with customer service has spiked by 60% over the last       20 years as companies pare back on customer service and make processes       like getting a refund more difficult in the name of driving revenue.              These bogus fees and frustrating ordeals are part of the “vibes-based”       tax companies are charging Americans to make every consumer interaction       harder. Companies are relying on the lack of competition and onerous       cancellation polices to trap consumers into services.              “We became very interested in how specifically a tax on time translates       into both dollars and cents,” said Alex Jacquez, Groundwork       Collaborative’s Chief of Policy and Advocacy. Jacquez said the report       shows a “vibes-based analysis of the economy” in which “every consumer       interaction is just harder than it used to be.”              Using existing studies to measure how much time consumers spend on       frustrating tasks like staying on customer service or trying to cancel a       subscription, researchers converted those times into dollars and cents.       Calculating both direct financial losses and the monetary value of       wasted time, researchers found Americans fork over $165 billion annually       in the “annoyance economy.”              Wasting your time and money       Corporations are intentionally turning simple tasks into lengthy       procedures to extract more profit, most obviously by renting services       rather than outright ownership.              “One thing we want to talk more about is how the economy is becoming       increasingly subscriptionalized,” Jacquez told Fortune. Driving a car       means “you’re paying monthly to be able to unlock the full features of       your car. It just feels like they’re trying to shift you into models       that are guaranteed revenue streams, rather than just kind of buying and       owning things.”              Making these subscriptions difficult to cancel can boost corporate       revenue by more than 200%, the report found.              https://fortune.com/2026/02/19/americans-paying-over-165-billion       annually-vibes-based-taxes-annoyance-economy/              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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