Repeating this comment every time I see it mentioned: You can cancel Planet Fitness online by changing your home gym to a random one in California (already imposed legislation for this) 24 hours after the change, the ability to cancel on their website becomes available
Tbh, gym owners weren't exploiting anyone. People were just generating them a bigger income compared to how much money they had to spend on maintaining the gym and now they have to spend more money, so the income is relatively lower. Now they start exploiting gym members, because they want the same relative income, so they try to put responsibility for those additional maintainance costs onto their clients. And it actually is scummy, because it's not like the gym wouldn't survive, just owners don't want to lose money (which is understandable from the business perspective, but hurtful for clients).
It's not really though most people in my experience have no intentions to socialize whatsoever at a gym amd I'd say at least some socializing is important in a good "3rd place"
8:41 something America did was the dairy industry getting subsidized by the government. They would buy and store excess cheese dairy farmers didn't sell, but the farmers ended up over producing because the government would always buy the cheese.
@@yuchaoguo8399 yes! Originally to help with shortages, but I believe Carter subsidized in the 70's to help with prices and to boost production (don't @ me it's been a bit lmao)
Australia did this for the wool industry in the 70s and it caused the collapse of the wool industry in the 90s. It was called Australian Wool Reserve Price Scheme and the scheme was: The Australian Wool Council would buy and stockpile wool when the wool price was below the market floor price to guarantee a minimum price for wool producers and then sell it when the price went back up. This eventually led to wool producers over-producing (because there was no risk for them) and when years later, the market price had a major fall due to Russia and China greatly reducing their buying of Australian wool, this caused the market to be flooded with wool and the AWC having to use their entire billion dollar plus reserve to buy the wool eventually ending up with a 4.7 million bales (almost one billion kgs of wool) stockpile when they finally suspended the scheme in 1991. It took 10 years for the Australian Wool Realisation Commission (who took ownership of the wool stockpile) to sell all of the wool. The flooding of the wool market from the wool producers over-producing and the stockpile being sold caused the wool price to drop to less than half the market floor price from 1987. The pricing collapse caused a lot of farmers and wool businesses to go bankrupt.
My planet fitness wanted me to deliver a handwritten letter when I canceled my membership. The county gym I go to has better equipment but when I am tired of attending, I just stop paying. It's dope asf
I had to go to the gym and sign a form. They lost the form and refused to acknowledge it after I moved 200 miles away and they still insisted I go in after I told them I cannot go on a 6 hour round trip just to sign their stupid form. It took months to cancel another way. This was in the UK and the regulators were underfunded and shit too so couldn't get my money back either. But at least the DD finally got cancelled. I hate these types of gyms with a passion.
I’ve been trying to stress to my friends how important Lina Khan is. Really hope to see her stick around through the elections, a shame Trump guarantees her removal and it’s in the air with Kamala
I worked at an LA Fitness for a summer in High School and seeing how members were treated by the system made me swear off big gym chains for life! I used smaller local gyms or public facilities or whatever equipment i owned instead. Fuck jumping through those hoops.
9:57 the chatter here is referring to the Quantity Theory of Money, where it is actually true that the velocity of money affects inflation. We have the general equation PY = MV where P is essentially inflation and V is the velocity of money, and thus velocity is directly proportional to inflation.
Gyms used to be social in the 80s and 90s, with things like smoothie bars and day care services. That all got stripped out when Planet Fitness, etc, bought out the bottom of the industry around the turn of the century. Obvi there are still higher end gyms that do a lot of this stuff and more, but this used to be a norm in more working class gyms too. Higher end gyms have also largely preferred to specialize and do tend to frown on socialization and loitering, imo, even when they offer group activities and sports like racquetball or basketball, etc.
Not really true. There were all of the celebrity athlete and bodybuilder gyms that promoted being tryhards and that they were the space to do it in. It was for people that wanted to focus on their gains right as fitness was becoming a major phenomenon.
@@Luminousreign im sure he didn't mean that EVERY gym was that way.... obviously some exceptions applied. But as far as I recall hes pretty spot on about the majority of places
@@Shiftarus I am saying it was already a popular subset of gym well before planet fitness. The idea that planet fitness bought out all of these gyms that were doing something else and stripped them out isnt really true. They bought up gyms that were unprofitable and turned them into profitable gyms by mass producing a pre-existing model that was inherently cheaper to operate.
Looked up John Deere monopoly and there was an actual john monopoly board game themed set that came up as the first result. They must know they’re a monopoly and are trying to hide it in the search lmao
I tried to cancel my gym membership at LA fitness 3 times in person and they kept telling me that the person who does the cancellations wasn't there...? So I sent an angry email with two photos my ID and one of my middle finger and got it canceled online. I then proceeded to sign up at Crunch then not cancel my membership until after almost 2000 days of not going... The face of the lady that cancelled my membership saying how many days it's been - 😬 - priceless. But it's dumb how in 2022 the option to cancel online still wasn't there. I'm in the best shape of my life now after extreme diet and exercise daily at home. F corporate gym culture. A Yoga mat, yoga ball and some light dumbbells is all anyone needs. I encourage all to while doing your daily brainrot activities to simultaneously BE MOVING.
Can’t forget these 2 important things: 1. Social media made everyone insecure so gen z is definitely more motivated to work out because of what they see 2. Everything is so expensive you can’t give your kid $20 to go to the mall. That’s not even a t shirt anymore
@@manelneedsaname1773 Exactly, he has been grifting the cancelled stuff for like 3 albums now and there was also a viral meme of parents being like "Gen z is trying to cancel Eminem? That dude can't be cancelled because of all the messed-up things he said in his music back in the early 2000's." Also cancelling isn't a real thing, anyone that has been "cancelled" is still around on the internet doing stuff. No serious gen z actually cares when there are legitimate problems in the world that need fixing to shift focus on a 50-year-old rapper lol
uk student and watched this before getting my exam results for some stability and laughs, such good content that makes me feel good about myself educationally while still being way more fun than any other channel. Appreciate the big A and happy that i got the results i needed just wanted to send some love back after how much this random vid helped to stabilise me Love man keep up the excellent work
9:19 Literally CA capping insurance rates so every company put huge waiting periods, I derwriting hoops, left the state, etc. to scare away poor and risky customers
Haven't gone to my gym much over the summer because I've been getting a lot of cardio and calisthenics outdoors since it's been so nice out. Decided not to cancel just because I like supporting them lol
Completely disagree with your point about greedflation. Thats not letting anyone off the hook, what it does is make it clear that despite what they companies say they’re not being forced into raising prices by supply chain, inflation, whatever .
A lot of gyms say you need to come in and talk to a manager. You go in and they give you a website that manages most gym subscriptions. Then instead of being able to just cancel you have to email them your account info and other info and they will cancel
one thing that's frustrating is that a lot of economic problems are just taken as bad for granted without proper contextualization. printing money is bad because it raises prices. price controls are bad because they cause shortages. but why is it bad? let's say you introduce money into the supply and then prices rise proportionally to that increase in supply. this is only bad if prices rise such that they become unaffordable to everyday people. but this is only the case if the newly introduced money isn't evenly distributed and wages don't rise proportionately to the inflation (surprise surprise it's not and they don't). some people (not big a) like to blame inflation solely on money printing and use it as a scapegoat instead of addressing the real issues. price controls are similarly maligned even though there's a history of successful implementation. (especially in the postwar golden age before reagan that atrioc mentions in this video)
Seems very on topic since I just started my gym membership. I even met some friends I don't get to hang out much with. Even got an FT subscription through my uni because Mr Glizzy glazes it so much. Would love to get recommendations on what Im supposed to do from now on though. I'm just mostly reading their email digests on the way to lectures
Hey Atrioc, The "minimlum wage tied to inflation" made me think of Belgium's salary indexation system. I think your opinion on it/maybe even a deep dive, would be very interesting. :)
As someone not living in the US, gym prices over there seem so astronomically low. The cheapest gym in my area (going with the longest contract, but cheapeat monthly cost) comes to about 43$/month when signing up for 2 years. The cancel anytime plan comes to 58$/month.
A while back, I cooked up in my own personal economic "manifesto" the idea that education and healthcare-adjacent institutions should have % profit-restrictions placed on most goods and services. Your point at 8:25 where you posit that this kind of policy would likely just lead to shortages simply because there's no growth incentive for businesses or their investors kind of shot a giant hole in something that I've felt confident in for damn near 5 years now. Appreciate that this content challenges me to think deeper.
law of unintended consequences does exist, but my problem is that argument is used nearly exclusively by reactionaries to justify not making a change, even when there is a well thought out plan to counter any significant consequences, as it takes a second to tell a lie and an hour to disprove it. there is a need to actually do proper research rather than trying to bend the research to fit your beliefs, but i refuse to believe that things which have proven to work elsewhere cannot work in north america cause there wouldn't be any incentive for businesses. if we base what is possible off what benefits the wealthy then we are pouring gasoline on an already burning planet. the wealthy are directly benefitted by harming everyone else, and when i say "the wealthy" its not your friend making 100k+ or even a small landlord with 5 properties. that landlord is still a problem taking more supply than they are able to use, but the wealthy im referring to are the ceos of massive corporations, people whose net worth is measured in the billions. we can't keep trying to appease them in the hopes one day its profitable for them not to exploit us, we need to actually hold them accountable, and force them to do the right thing. we have shortages without price gouging laws, there are massive food deserts across north america because we capitulate to "small business", which is absolutely a term weaponized by big business to protect their profits. if what he said was enough for a big hole in your belief, you gotta flesh out your theory, preferably with some analysis of the flaws of neo-liberalism. life without capitalism is possible, we don't need to like the boots of the rich this hard
Zoomers in the gym is fine. Gen Alpha is the real problem. 6 of them on one of two bench racks yapping for 10 minutes in between each set creates a rage in me so deep that I begin accidentally setting obscure PR’s on things like the pec deck and leg extentions.
Stopped going to my local gym to go to PF slightly out of the way cause the local gym no matter what fucking time of day is ALWAYS, CROWDED. Even 8 am you can't find a single machine. Sadly all the other local gyms closed during covid so everyone just flocked to that gym, (mainly cause when those gyms closed their current memberships just carried over to that gym).
@@Clayvillain17 the problem is that an at home gym will cost you hundreds of dollars just to get some dumbbells. If you want more than that then it's thousands. It also requires a dedicated space. The problem isnt that people think they can only workout at the gym.
I'm not an economist but "inflation comes from government printing money" needs a few caveats imo, like the tried and true way out of a recession is stimulus. Austerity can cause more unemployment, making the situation way worse. It's a matter of balancing, the time to build a surplus and reduce the deficit isn't in a recession.
@@hastyscorpion It's not printing money its diluting the value of money that causes each individual dollar to be worth less. If you invest that money in the public, they can create enough economic value that you get back the amount of value you diluted plus a little this is because the poorer someone is the more likely they are to use that money in economically valuable ways.
I'm so glad I ended up slowly putting together my own basement gym. It's not fancy and it doesn't have all the bells and whistles of a commercial gym but u just can't best the convenience OR the ability to not be surrounded by people, especially people doing stupid stuff like using dumbbells to strike dumb poses in the mirror like idiots.
McDonald’s has plenty of competition in the form of Wendy’s, Burger King, Taco Bell etc and that doesn’t stop them from price gouging. Perhaps the idea that more competition is the solution, is a flawed one? We’ve done that and it’s resulted in monopolization or collaboration. I don’t think the “free market” will save us
Can someone walk me through how price gouging has led to shortages? The cobra metaphor is nice and all but it is just a metaphor, so it'd be nice to have an actual argument or even data backing it up
Everyone should go to the gym Workout a little it doesn't matter, its a place for people to improve and everyone share the same mindset. Unless they have cameras recording 24/7 than maybe find someone else.
Planet fitness’ near big colleges make insane money from their cancellation policy. Students graduate and move back home, if you forget to cancel, “you signed a contract”. Friend managed one near OSU, said they make 6 figures a month.
gen z dudes so lonely and brainrotted... so we think that looking good and working out and going to the gym will make us friends and partners... it doesnt, but i'm addicted now, and i dont have any other coping mechanisms.
There should be price controls on things like drugs and ambulance rides where price has no elasticity. Drugs are made so easily that there wouldn’t be a shortage of drugs because you can make as much as you need.
Yeah you shouldn't have to cancel via CERTIFIED MAIL ONLY if you sign up online. I really hope this passes. If you sign up online you should be able to cancel online. If you sign up in person you should be able cancel by mail, phone call, or cancel in person easy as that. The second part is mainly for smaller locations where they might not be able to afford the internet infrastructure.
You can’t just jump on board any idea that has a fuzzy feel good exterior gyms will push back on this one-click option by having sky high enrollment fees. It won’t matter if it’s super easy to cancel you’ll become imprisoned by the fear of having to pay $100 enrollment fee to sign up again in the future. Would you rather have a complicated song and dance to cancel your membership or one-click with a $100 enrollment fee making it financially irresponsible to start and stop your membership when you’re using it or not 8:26 ironic
I had to start going to the gym at 6am like some sort of a hustlebro entrepreneur because it's too crowded in the evening. Young adults have too much time in their hands nowadays. I blame the fall of MMORPGs.
When I didn’t want to go to the gym but didn’t want to go in and cancel it, I just said I lost my credit card they issued me a new one with a new number so they couldn’t charge me
Hey Big A, "quick" question here. You mention that companies can continue to raise prices because the government keeps printing money. To my knowledge this money doesn't reach the normal consumer and instead goes into the pockets of big "failing" companies. It could be the case that this trickles down to people in the company (ceo wages 💀). But I don't see how this would effect consumers at large. Getting some insight/knowledge into this would be greatly appreciated.
It doesn't normally - it did during 2020-2022. Covid money printing led to things like stimulus checks, mortgage forbearance (don't have to pay), student loan forebearance, upward pressure on wages, etc. Avg ppl had a ton of excess savings in those years so companies could keep raising prices. Now the excess savings has ran out and people are using credit to try and maintain the same level of spending. As they run into the wall on that companies can no longer raise prices as freely because people are tapped out.
Ive spent hundreds of dollars on a gym membership that i couldnt use because I moved an hour away and could only cancel in person and didn't have a chance to go there to cancel it
I feel like you misunderstood what he was saying, it’s not that they don’t count towards inflation, it’s that government benefits like tax credits that only go towards housing don’t affect inflation outside of the housing market (unless someone sells their house and spends the money on other goods).
@@Anything_Random No I mean that real estate price is not included in the CPI index, which is the main index used to track inflation. Only rent prices are included in the CPI.
@@Seahawk_Megafan I don’t think that really makes sense. CPI is meant to track the price of consumer goods and services. Real estate doesn’t fall under that category. Tracking rent makes a lot more sense.
Gyms in Australia are like $15 a week lmao. Probably like idk $10USD a week. I'm lucky I have a gym at work, though I'm the only one using it so it is a bit lonely. Though I don't have to wait to use a machine haha
The CEO replacement era is even infecting college campuses. My university president just stepped down in light of all the hard choices she would have to make
Don't always agree with Big A but I'm glad he has a good grasp on Economics that he's able to educate on. We could use that a lot more in the online space!
Money & Macro has gone into the idea that "printing money is why we have inflation" and I'm pretty sure he concluded that was bologna. :P Asset inflation, yes. The inflation you see when gas and groceries cost more? No.
6:44 I get what Big A means about the inherent greed of all corporations at all times but on the other hand i do feel like “Greedflation” does hit on the idea for normal people that inflation isnt just Joe Biden hitting the inflation button but corporate greed has a massive impact on living costs rising. Still an oversimplification regardless but I like the term
like for me it isnt about shaming companies (anti-trust laws are always at least the first solution) but instead informing people about the daily effect of corporate greed on their lives
Gyms are cancelling Jay-Z 😔😔
dinner with jay z
Kanye
@@wildfire9280 she take my money
Dinner with a million dollars
Can I have the Nitrus today
Our brains are rotting but our bodies are rocking.
I am very unsuccessful in romance
Have you tried glizzy?
This comment is amazing
Gymcels stand up
Even if ur brains and body is firing on all cylinders Jr incapable of being loved
@@SoGoodContent us glizzy enjoyers are also quite unsuccessful
Repeating this comment every time I see it mentioned:
You can cancel Planet Fitness online by changing your home gym to a random one in California (already imposed legislation for this)
24 hours after the change, the ability to cancel on their website becomes available
works for LA Fitness too afaik
@@vibezcs2508 Are you telling me there are LA fitness gyms OUTSIDE of LA??????????
@@yo25999theyre in canada too
I did this a few months ago and didnt even need to wait 24hrs to cancel it was super helpful
@@yo25999 we have LA fitness in Canada
“Oh no, we can’t exploit Gen Z like we’ve exploited every other generation! This is a crisis!”
no they can, and they will
They'll find a way
You could also say that they don't have high enough prices
Inb4 they'll make an employee come over to sell you supplements if you take a break longer than a minute.
Tbh, gym owners weren't exploiting anyone. People were just generating them a bigger income compared to how much money they had to spend on maintaining the gym and now they have to spend more money, so the income is relatively lower. Now they start exploiting gym members, because they want the same relative income, so they try to put responsibility for those additional maintainance costs onto their clients. And it actually is scummy, because it's not like the gym wouldn't survive, just owners don't want to lose money (which is understandable from the business perspective, but hurtful for clients).
gym is a fire third place fr
It’s skibbity af bruh 💪
That's such a Gen z thing to say lol
It's not really though most people in my experience have no intentions to socialize whatsoever at a gym amd I'd say at least some socializing is important in a good "3rd place"
@@joshwilner5622 Maybe the real 3rd place is the friends we didn't make along the way
@@RantKid okay unc
8:41 something America did was the dairy industry getting subsidized by the government. They would buy and store excess cheese dairy farmers didn't sell, but the farmers ended up over producing because the government would always buy the cheese.
Is that what those cheese cave memes were about lmao, that makes so much sense
@@yuchaoguo8399 yes! Originally to help with shortages, but I believe Carter subsidized in the 70's to help with prices and to boost production (don't @ me it's been a bit lmao)
Same thing happened to the Skyrim economy when the farmers discovered I wanted to fill the Thieves Guild vault with as many cheese wheels as possible
Australia did this for the wool industry in the 70s and it caused the collapse of the wool industry in the 90s. It was called Australian Wool Reserve Price Scheme and the scheme was: The Australian Wool Council would buy and stockpile wool when the wool price was below the market floor price to guarantee a minimum price for wool producers and then sell it when the price went back up. This eventually led to wool producers over-producing (because there was no risk for them) and when years later, the market price had a major fall due to Russia and China greatly reducing their buying of Australian wool, this caused the market to be flooded with wool and the AWC having to use their entire billion dollar plus reserve to buy the wool eventually ending up with a 4.7 million bales (almost one billion kgs of wool) stockpile when they finally suspended the scheme in 1991.
It took 10 years for the Australian Wool Realisation Commission (who took ownership of the wool stockpile) to sell all of the wool. The flooding of the wool market from the wool producers over-producing and the stockpile being sold caused the wool price to drop to less than half the market floor price from 1987. The pricing collapse caused a lot of farmers and wool businesses to go bankrupt.
To my knowledge, the dairy industry still does this to this day
My planet fitness wanted me to deliver a handwritten letter when I canceled my membership.
The county gym I go to has better equipment but when I am tired of attending, I just stop paying.
It's dope asf
Did they send you back if it wasn't double-spaced 12pt font...
@@hanthonyc They specifically requested it to be written with pen and paper, like the founding fathers wrote the constitution
I had to go to the gym and sign a form. They lost the form and refused to acknowledge it after I moved 200 miles away and they still insisted I go in after I told them I cannot go on a 6 hour round trip just to sign their stupid form. It took months to cancel another way. This was in the UK and the regulators were underfunded and shit too so couldn't get my money back either. But at least the DD finally got cancelled. I hate these types of gyms with a passion.
I’ve been trying to stress to my friends how important Lina Khan is. Really hope to see her stick around through the elections, a shame Trump guarantees her removal and it’s in the air with Kamala
"Kids don't want to work these days."
Meanwhile, gen Z: 💪💪💪
We aint getting bread no more... we getting PROTEIN
I worked at an LA Fitness for a summer in High School and seeing how members were treated by the system made me swear off big gym chains for life! I used smaller local gyms or public facilities or whatever equipment i owned instead. Fuck jumping through those hoops.
Fr my local gym definitely costs more but it's so much worth it for how much nicer of an experience it is
personally i’ve never had a bad experience at the many YMCAs i’ve been to 🫶
9:57 the chatter here is referring to the Quantity Theory of Money, where it is actually true that the velocity of money affects inflation. We have the general equation PY = MV where P is essentially inflation and V is the velocity of money, and thus velocity is directly proportional to inflation.
My sister did competitive cheer leading and I remember how pissed my dad was about the crazy shoe prices because of the monopoly
one of the gyms in my town offers free memberships for highschooler in the summer and it gets packed there.
Gyms used to be social in the 80s and 90s, with things like smoothie bars and day care services. That all got stripped out when Planet Fitness, etc, bought out the bottom of the industry around the turn of the century. Obvi there are still higher end gyms that do a lot of this stuff and more, but this used to be a norm in more working class gyms too. Higher end gyms have also largely preferred to specialize and do tend to frown on socialization and loitering, imo, even when they offer group activities and sports like racquetball or basketball, etc.
Not really true. There were all of the celebrity athlete and bodybuilder gyms that promoted being tryhards and that they were the space to do it in. It was for people that wanted to focus on their gains right as fitness was becoming a major phenomenon.
@@Luminousreign im sure he didn't mean that EVERY gym was that way.... obviously some exceptions applied. But as far as I recall hes pretty spot on about the majority of places
@@Shiftarus I am saying it was already a popular subset of gym well before planet fitness. The idea that planet fitness bought out all of these gyms that were doing something else and stripped them out isnt really true. They bought up gyms that were unprofitable and turned them into profitable gyms by mass producing a pre-existing model that was inherently cheaper to operate.
Its ironic Gargantuan A's outro is from Cyberpunk, a game he will never finish.
Plantrioc?
A masterpiece
I'm a simple man. I see Sam Sulek, I click.
the Gym Bro/Big A crossover isn't an unexpected one... but something about Sam Sulek with this channel's thumbnail text gave me a double take
Looked up John Deere monopoly and there was an actual john monopoly board game themed set that came up as the first result. They must know they’re a monopoly and are trying to hide it in the search lmao
I tried to cancel my gym membership at LA fitness 3 times in person and they kept telling me that the person who does the cancellations wasn't there...? So I sent an angry email with two photos my ID and one of my middle finger and got it canceled online. I then proceeded to sign up at Crunch then not cancel my membership until after almost 2000 days of not going... The face of the lady that cancelled my membership saying how many days it's been - 😬 - priceless. But it's dumb how in 2022 the option to cancel online still wasn't there.
I'm in the best shape of my life now after extreme diet and exercise daily at home. F corporate gym culture. A Yoga mat, yoga ball and some light dumbbells is all anyone needs. I encourage all to while doing your daily brainrot activities to simultaneously BE MOVING.
The hell you gonna do with a yoga ball
@@shadowyyCFH stretch and core work 🔥
Picking up heavy circle is peak human experience. Best part of my day.
Can’t forget these 2 important things:
1. Social media made everyone insecure so gen z is definitely more motivated to work out because of what they see
2. Everything is so expensive you can’t give your kid $20 to go to the mall. That’s not even a t shirt anymore
I can’t believe gyms think they can cancel Eminem… Slim shady? Mr. Mathers? 😂
It's funny because both Gen Z AND gyms want to cancel him! 😂😂 Good luck cancelling Mr. MATHERS
@@even6978 never heard of a single gen z wanting to cancel eminem
@Zedzilliot I think they're joking, since Eminem now is trying to grift the "They're trying to cancel me" crowd
Wait a second; Mr. Mathers, *M*r. *M*athers, M and M, Eminem...holy gourd, Slim Mathers is a genius!
@@manelneedsaname1773 Exactly, he has been grifting the cancelled stuff for like 3 albums now and there was also a viral meme of parents being like "Gen z is trying to cancel Eminem? That dude can't be cancelled because of all the messed-up things he said in his music back in the early 2000's." Also cancelling isn't a real thing, anyone that has been "cancelled" is still around on the internet doing stuff. No serious gen z actually cares when there are legitimate problems in the world that need fixing to shift focus on a 50-year-old rapper lol
The prices at the edge for cancellation fees down grade fees are insane I had to pay 50$ to downgrade my membership… it’s insane
Lock your card then do it. They can't charge you.
@@ILoveTinfoilHats if they really care they can send collections after you
@@phygs you give them a real ID when you sign up?
@@phygsYou dont commit a felony when you sign up?
Gyms mad cause gen Z too Chad.
Bro it’s fact I’m 25 almost 26 this September and man there are so many youngins in the gym! Good for them man!
You aren’t an unc yet 25 is young
@@shadowyyCFH yeah it is by I feel old bruh! :/
Gyms as a third place is exactly why I joined. The gains are a nice bonus honestly but not the main priority
uk student and watched this before getting my exam results for some stability and laughs,
such good content that makes me feel good about myself educationally while still being way more fun than any other channel.
Appreciate the big A and happy that i got the results i needed just wanted to send some love back after how much this random vid helped to stabilise me
Love man keep up the excellent work
How were the results?
9:19 Literally CA capping insurance rates so every company put huge waiting periods, I derwriting hoops, left the state, etc. to scare away poor and risky customers
It's almost like red tape and regulations don't actually do anything but generate revenue for the government and paper pushers!!
10:59 crazy that this type of person still exists
they were joking btw
Haven't gone to my gym much over the summer because I've been getting a lot of cardio and calisthenics outdoors since it's been so nice out. Decided not to cancel just because I like supporting them lol
at 4pm the broccoli boys show up.
Completely disagree with your point about greedflation. Thats not letting anyone off the hook, what it does is make it clear that despite what they companies say they’re not being forced into raising prices by supply chain, inflation, whatever .
A lot of gyms say you need to come in and talk to a manager. You go in and they give you a website that manages most gym subscriptions. Then instead of being able to just cancel you have to email them your account info and other info and they will cancel
one thing that's frustrating is that a lot of economic problems are just taken as bad for granted without proper contextualization. printing money is bad because it raises prices. price controls are bad because they cause shortages. but why is it bad? let's say you introduce money into the supply and then prices rise proportionally to that increase in supply. this is only bad if prices rise such that they become unaffordable to everyday people. but this is only the case if the newly introduced money isn't evenly distributed and wages don't rise proportionately to the inflation (surprise surprise it's not and they don't). some people (not big a) like to blame inflation solely on money printing and use it as a scapegoat instead of addressing the real issues. price controls are similarly maligned even though there's a history of successful implementation. (especially in the postwar golden age before reagan that atrioc mentions in this video)
Seems very on topic since I just started my gym membership. I even met some friends I don't get to hang out much with.
Even got an FT subscription through my uni because Mr Glizzy glazes it so much. Would love to get recommendations on what Im supposed to do from now on though. I'm just mostly reading their email digests on the way to lectures
Hey Atrioc, The "minimlum wage tied to inflation" made me think of Belgium's salary indexation system. I think your opinion on it/maybe even a deep dive, would be very interesting. :)
9:04 congo and right hands.
As someone not living in the US, gym prices over there seem so astronomically low. The cheapest gym in my area (going with the longest contract, but cheapeat monthly cost) comes to about 43$/month when signing up for 2 years. The cancel anytime plan comes to 58$/month.
A while back, I cooked up in my own personal economic "manifesto" the idea that education and healthcare-adjacent institutions should have % profit-restrictions placed on most goods and services. Your point at 8:25 where you posit that this kind of policy would likely just lead to shortages simply because there's no growth incentive for businesses or their investors kind of shot a giant hole in something that I've felt confident in for damn near 5 years now. Appreciate that this content challenges me to think deeper.
law of unintended consequences does exist, but my problem is that argument is used nearly exclusively by reactionaries to justify not making a change, even when there is a well thought out plan to counter any significant consequences, as it takes a second to tell a lie and an hour to disprove it. there is a need to actually do proper research rather than trying to bend the research to fit your beliefs, but i refuse to believe that things which have proven to work elsewhere cannot work in north america cause there wouldn't be any incentive for businesses. if we base what is possible off what benefits the wealthy then we are pouring gasoline on an already burning planet. the wealthy are directly benefitted by harming everyone else, and when i say "the wealthy" its not your friend making 100k+ or even a small landlord with 5 properties. that landlord is still a problem taking more supply than they are able to use, but the wealthy im referring to are the ceos of massive corporations, people whose net worth is measured in the billions. we can't keep trying to appease them in the hopes one day its profitable for them not to exploit us, we need to actually hold them accountable, and force them to do the right thing. we have shortages without price gouging laws, there are massive food deserts across north america because we capitulate to "small business", which is absolutely a term weaponized by big business to protect their profits. if what he said was enough for a big hole in your belief, you gotta flesh out your theory, preferably with some analysis of the flaws of neo-liberalism. life without capitalism is possible, we don't need to like the boots of the rich this hard
Zoomers in the gym is fine. Gen Alpha is the real problem. 6 of them on one of two bench racks yapping for 10 minutes in between each set creates a rage in me so deep that I begin accidentally setting obscure PR’s on things like the pec deck and leg extentions.
Stopped going to my local gym to go to PF slightly out of the way cause the local gym no matter what fucking time of day is ALWAYS, CROWDED. Even 8 am you can't find a single machine. Sadly all the other local gyms closed during covid so everyone just flocked to that gym, (mainly cause when those gyms closed their current memberships just carried over to that gym).
I hope the click to cancel thing works on newspapers too. It is actually impossible to cancel your NYT subscription without talking to someone
same with FT im pretty sure
Crazy to call union busting a "hard decision" and comparing it to price raises lmao
Clicked of a Ludwig stream to watch this
I actually just cut my gym membership cuz my low-cost gym is packed to the gills at all times of the day.
Got some dumbbells to lift at home.
Reminds me of younger generations eating out less
"Gen Z no longer working out at gym as they are finding it is cheaper to just work out at home"
@@christianherrera1322*this just in* “weights have the same mass at home and at the gym”
My Facebook marketplace squat rack and plates are all I need.
@@Clayvillain17 the problem is that an at home gym will cost you hundreds of dollars just to get some dumbbells. If you want more than that then it's thousands. It also requires a dedicated space.
The problem isnt that people think they can only workout at the gym.
@@christianherrera1322doesn’t have anything to do with price. Has to do with crowds.
Just passed by a planet fitness today 100% packed parking lot and completely full, all me and my friends (gen z) do use the gym almost daily.
I'm not an economist but "inflation comes from government printing money" needs a few caveats imo, like the tried and true way out of a recession is stimulus. Austerity can cause more unemployment, making the situation way worse. It's a matter of balancing, the time to build a surplus and reduce the deficit isn't in a recession.
I think he was simplifying for the layman, there isn't enough time to truly delve into it
Stimulus in the form of creating jobs with large projects that have long term benefits, NOT just handing out money
You caveats are not related to inflation. It is true that inflation comes from printing money.
@@hastyscorpion It's not printing money its diluting the value of money that causes each individual dollar to be worth less. If you invest that money in the public, they can create enough economic value that you get back the amount of value you diluted plus a little this is because the poorer someone is the more likely they are to use that money in economically valuable ways.
Why doesn't the government just give me all of the money and let me distribute it? Are they stupid 😔
my boy said everyone who isn't rich didn't work hard and waited until the end of the video smh
I dont think ive ever heard atrioc ever mention lina khan and not been giving her W's, fucking incredible
I'm so glad I ended up slowly putting together my own basement gym.
It's not fancy and it doesn't have all the bells and whistles of a commercial gym but u just can't best the convenience OR the ability to not be surrounded by people, especially people doing stupid stuff like using dumbbells to strike dumb poses in the mirror like idiots.
THANK YOU, i have gone through a crazy nightmare for a gym membership cancellation
McDonald’s has plenty of competition in the form of Wendy’s, Burger King, Taco Bell etc and that doesn’t stop them from price gouging. Perhaps the idea that more competition is the solution, is a flawed one? We’ve done that and it’s resulted in monopolization or collaboration. I don’t think the “free market” will save us
Can someone walk me through how price gouging has led to shortages? The cobra metaphor is nice and all but it is just a metaphor, so it'd be nice to have an actual argument or even data backing it up
Everyone should go to the gym
Workout a little it doesn't matter, its a place for people to improve and everyone share the same mindset. Unless they have cameras recording 24/7 than maybe find someone else.
Hes so right, i need to work 84 hours a day to afford my subscription to big water
Seeing US gyms be close to $10/m where most gyms in the UK have been around $50/m for a while now is very depressing
50 dollars?? Damn that's a racket!
Great video Big A, one of my favorites so far.
Planet fitness’ near big colleges make insane money from their cancellation policy. Students graduate and move back home, if you forget to cancel, “you signed a contract”. Friend managed one near OSU, said they make 6 figures a month.
God, finally, someone saying things out loud right at the end. I sure hope nobody takes that out of context/doesn’t understand sarcasm.
was it actually sarcasm though? It didn't really feel like it
earlier than Big A getting the early bird special at his local cinemas
gen z dudes so lonely and brainrotted... so we think that looking good and working out and going to the gym will make us friends and partners...
it doesnt, but i'm addicted now, and i dont have any other coping mechanisms.
There should be price controls on things like drugs and ambulance rides where price has no elasticity. Drugs are made so easily that there wouldn’t be a shortage of drugs because you can make as much as you need.
Thumbnail Sam❤
Yeah you shouldn't have to cancel via CERTIFIED MAIL ONLY if you sign up online. I really hope this passes. If you sign up online you should be able to cancel online. If you sign up in person you should be able cancel by mail, phone call, or cancel in person easy as that. The second part is mainly for smaller locations where they might not be able to afford the internet infrastructure.
Watching this at the gym currently
same
15 bucks!!!! In iceland we pay 65 a month, frackin'ell
Started lost kin in hollow night at the beginning of this video defeated him at the end thanks atrioc
You can’t just jump on board any idea that has a fuzzy feel good exterior
gyms will push back on this one-click option by having sky high enrollment fees. It won’t matter if it’s super easy to cancel you’ll become imprisoned by the fear of having to pay $100 enrollment fee to sign up again in the future.
Would you rather have a complicated song and dance to cancel your membership or one-click with a $100 enrollment fee making it financially irresponsible to start and stop your membership when you’re using it or not
8:26 ironic
Are you guys coming to Linacon this year?
I had to start going to the gym at 6am like some sort of a hustlebro entrepreneur because it's too crowded in the evening. Young adults have too much time in their hands nowadays. I blame the fall of MMORPGs.
Ateioc just teach Macroeconomics atp 10:39
When I didn’t want to go to the gym but didn’t want to go in and cancel it, I just said I lost my credit card they issued me a new one with a new number so they couldn’t charge me
Hey Big A, "quick" question here.
You mention that companies can continue to raise prices because the government keeps printing money.
To my knowledge this money doesn't reach the normal consumer and instead goes into the pockets of big "failing" companies.
It could be the case that this trickles down to people in the company (ceo wages 💀). But I don't see how this would effect consumers at large. Getting some insight/knowledge into this would be greatly appreciated.
It doesn't normally - it did during 2020-2022. Covid money printing led to things like stimulus checks, mortgage forbearance (don't have to pay), student loan forebearance, upward pressure on wages, etc.
Avg ppl had a ton of excess savings in those years so companies could keep raising prices. Now the excess savings has ran out and people are using credit to try and maintain the same level of spending. As they run into the wall on that companies can no longer raise prices as freely because people are tapped out.
Peleton, a set of adjustable dumbells, and a yoga mat have been life changing! I don't miss being scammed by gyms one bit.
Having a gym in a mall would be such a good idea.
Mandatory one click would be AWESOME
Speaking the right language RE incentives and 2nd-3rd-4th order effects.
Ive spent hundreds of dollars on a gym membership that i couldnt use because I moved an hour away and could only cancel in person and didn't have a chance to go there to cancel it
A-Trac you should raise your subscription prices to makeup for higher invisible costs.
Why does this sound like "the beautiful ones" from the mice experiment
A lot of love for the editor but please change music 💕
Real estate prices increasing not counting towards inflation is criminal. Thats like the number 1 example of money printing.
What the fuck? That's incredibly evil
I feel like you misunderstood what he was saying, it’s not that they don’t count towards inflation, it’s that government benefits like tax credits that only go towards housing don’t affect inflation outside of the housing market (unless someone sells their house and spends the money on other goods).
@@Anything_Random No I mean that real estate price is not included in the CPI index, which is the main index used to track inflation. Only rent prices are included in the CPI.
@@Seahawk_Megafan I don’t think that really makes sense. CPI is meant to track the price of consumer goods and services. Real estate doesn’t fall under that category. Tracking rent makes a lot more sense.
I hope they do that with Adobe. The Early cancellation fee is Terrible.
And you can't remove any of your payment details!
Gyms in Australia are like $15 a week lmao. Probably like idk $10USD a week. I'm lucky I have a gym at work, though I'm the only one using it so it is a bit lonely. Though I don't have to wait to use a machine haha
The CEO replacement era is even infecting college campuses. My university president just stepped down in light of all the hard choices she would have to make
that's ridiculous, if your business model requires customers to not use your service, you got some work to do
Don't always agree with Big A but I'm glad he has a good grasp on Economics that he's able to educate on. We could use that a lot more in the online space!
Money & Macro has gone into the idea that "printing money is why we have inflation" and I'm pretty sure he concluded that was bologna. :P
Asset inflation, yes. The inflation you see when gas and groceries cost more? No.
I actually read this article before I saw this video. 😎
3:04 Please for the love of fuck pass this shit ASAP
Planet fitness needs more hand chairs around the workout machines. They need to refocus on this new boom instead of focusing on the negatives.
home gym goes hard
7:29 inflation doesn’t happen because money is being printed. Inflation is the result of supply not meeting demand
Brandon "Lipstick Prince" Atrioc Ewing telling us to work harder, thanks for the advice, why didnt i think of that
“Local no-name gym” it’s just Lud’s garage
I noticed this locally too
I really doubt Kamala would get rid of lina khan… Kamala doing so just seems like it would serve to make it harder for her to get things done.
Lina Khan is the best thing to come out of the Biden administration.
Another great vid Aedish
6:44 I get what Big A means about the inherent greed of all corporations at all times but on the other hand i do feel like “Greedflation” does hit on the idea for normal people that inflation isnt just Joe Biden hitting the inflation button but corporate greed has a massive impact on living costs rising. Still an oversimplification regardless but I like the term
like for me it isnt about shaming companies (anti-trust laws are always at least the first solution) but instead informing people about the daily effect of corporate greed on their lives
Lina Khan the GOAT mentioned POGGIES