Price of Amazon Prime May Jump To $119 a Year

colinneagle writes "Amazon CFO Tom Szkutak hinted during the company's earnings conference call [Thursday] that we might see an increase to the company's popular Amazon Prime service. As it stands now, Amazon Prime costs $79 per year and offers users free shipping on millions of items, free book borrowing for select Kindle titles, and last but not least, free streaming to the company's video on-demand service. Going forward, Amazon may increase that pricepoint to either $99 or $119. That's a rather significant price increase, but it's important to keep in mind that the price of Amazon Prime has remained the same ever since Amazon first started the program nine years ago." How many products do you use that haven't increased in price for that long?

Re: But but there has been no inflation in 10 year

[TheRaven64]

There are two things wrong with your post. The first is that the electricity cost just from the CPU is significantly higher than the value of the BitCoins created. The second is the assumption that there are a lot of spare cycles on EC2. The entire design of datacentres like this is to ensure that the computers are used efficiently by ensuring that there is always some job ready to run.

Re:how many products?

[TheGratefulNet]

Please name ONE thing that is still the same quality as before but is lower in price.

m job ... ;(

have not had a raise in a long long LONG time. essentially I went backwards about 10 yrs ago and never caught back up again with the cost of living. my software and hardware skills are as good (or better) than 10 yrs ago but I'm paid LESS, overall.

Re:how many products?

[benzapp]

Read up on Modern Monetary Theory if you haven't already. Bill Mitchell's blog is by far the best.

I almost NEVER read anyone on slashdot or mainstream sites that understands bank credit. Nearly everyone thinks of money as some sort of commodity, even though it's never really been that way, and definitely is nothing like that now.

Cheers to you.