Average US inflation since 1995 has been 2.2%; in the same time, cable TV prices have increased by 5.8% per year on average.
It's not just averages. In every single year since at least 1995, cable companies have had rate increases that exceeded inflation.
The data comes from an FCC report
The cable industry has been rocked by a massive and accelerating drop off in subscription, driven in part by the online alternatives to cable TV -- Youtube, streaming services like Netflix, etc. But clearly part of the story is this price-gouging, monopolistic practices, network shenanigans, and the worst customer service practices of any industry.
It's almost as though operating without competition makes companies into bloated, inefficient sociopaths who hate their customers and view them as inconvenient, ambulatory piggy banks to be raided.
Back in 1995, cable cost an average of just $22.35 a month. Now it’s up to an average of $69.03, a 208.9% rise. Inflation alone can’t account for nearly so much change, as inflation has changed by just 55.8% over that same period. As you’d expect, the year-by-year data looks similar. On average, cable prices rose 5.8% each year. Inflation rose at an average of 2.2% per year. There were even two years that inflation did not grow (2009 and 2015), but cable prices went right on rising in those years.
REPORT ON CABLE INDUSTRY PRICES [FCC]
Cable Prices Have Risen Faster Than Inflation For Each Of The Past 20 Years
AT&T business customers, including those who've been promised a locked-in rate inclusive of all taxes and fees, are finding "property tax" surcharges on their bills of up to 7%. These charges represent an attempt by AT&T to pass on the property taxes it pays on its own offices and other facilities to its customers.
Google and the other big tech companies are some of the most lavish funders of climate denial "think tanks" and lobbying groups, something they've been at continuously for more than six years, without interruption.
Sure has been one heck of a news week. And it ain’t over yet.
There are a lot of different language apps out there because nobody learns anything the same exact way – especially not something as complex as a new language. For some people, the best way is to dive in and start talking, but that’s easier said than done if you’re not around those natives you aspire […]
There’s movie merch and then there are artifacts – one-of-a-kind items for the true fans only. These 11 items definitely fall into the latter category. We’ve unearthed movie art, props and other fan touchstones from the major nerd franchises of the last 50 years. Gaze upon these Star Wars and Marvel collectibles and don’t worry. […]
No matter what kind of office you work at, there’s probably an Excel expert in it. And no wonder: Businesses are still discovering uses for one of Microsoft’s flagship software suites beyond just bare-bones spreadsheets. Make October the month you become invaluable at work by taking one of these boot camps in Excel and its […]