View Poll Results: How many face masks do you consume each day?

Voters
88. You may not vote on this poll
  • More than four

    1 1.14%
  • Between two to four

    5 5.68%
  • One each day

    34 38.64%
  • One every other day

    22 25.00%
  • I do not wear mask

    26 29.55%
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Fluhan - Medical Supplies, Groceries & Other Shortages

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  1. #431

    Join Date
    Sep 2018
    Posts
    241
    Quote Original Post:
    Does it matter? There's a lot of push in HK to control the price of toilet paper, masks and so on. But go back to 1776 and Adam Smith. High priced goods at time of short supply causes people to work harder to increase supply to benefit from those higher prices, but in turn that increased supply pushes prices down. Selling restricted stock at fixed low normal prices doesn't help the majority of people because it doesn't help most people get the product.

    Calls for government to limit prices or control supply are wrong. Government needs to get the fuck out of the way, the irony that the government is current working through the courts to restrict face mask wearing just spooks mainland and overseas suppliers. Those suppliers should be working to pump as many face masks and rolls of toilet paper into HK as the market demands.
    I don't think that's how it works in this case. The (mostly foreign) suppliers are selling the masks for the same price that they always have and people are just buying all the stock and raising the price. There is no incentive to increase production significantly because it increases the risk that they will end up holding inventory when this all blows over.

  2. #432

    Join Date
    Jan 2010
    Posts
    4,076
    Quote Original Post:
    I don't think that's how it works in this case. The (mostly foreign) suppliers are selling the masks for the same price that they always have and people are just buying all the stock and raising the price. There is no incentive to increase production significantly because it increases the risk that they will end up holding inventory when this all blows over.
    There is no incentive to have the government limit prices either. The first grandma in line is just gonna buy two or three times as many if they are cheaper. We've seen this with toilet paper. Prices are cheap and there still isn't any available because everybody has been schlepping it away 10 packs at a time.

  3. #433

    Join Date
    Jan 2013
    Posts
    470
    Quote Original Post:
    and if you use the self-service counters, there's no queueing!
    I think @mused meant you have to queue up to actually have two rolls in hand. Then you can go to self service LOL. That's HK now!

  4. #434

    Join Date
    Dec 2009
    Posts
    297
    Quote Original Post:
    On the other hand, I've hardly ever managed to get through Park N' Shop's. Every time, I visit their website, I've to wait for approx. 15 mins - that too in vain. After 15 mins, when I finally I get in, nothing that I want to buy, is left. Perhaps, we will soon have to order those damn toilet rolls from Tesco (UK) , and toilet rolls holder from Harrods. Just saying.
    I'm way ahead of all you gals and guys. I'm collecting a big pile of leaves.
    HK_Katherine, bsh and HKsb like this.

  5. #435

    Join Date
    Jul 2011
    Posts
    1,552
    Quote Original Post:
    I don't think that's how it works in this case. The (mostly foreign) suppliers are selling the masks for the same price that they always have and people are just buying all the stock and raising the price. There is no incentive to increase production significantly because it increases the risk that they will end up holding inventory when this all blows over.
    Eh? If you are manufacturing a product, you will increase price if the demand outstrips your production capability, or you will increase the supply to benefit from the higher demand. Do neither of those things and your competition, or new entrants to the market, will.

    Proof of this is the number of HKers trying to source supply from all over the world to sell locally. 2 months ago, no-one was interested, there was no money in it. Now lots of people are working to increase supply, even people with a suitcase full. Today's Watson queue(*) shows there's unsatisfied demand for 35 million masks.

    (*) ...and as I said, the market works and government doesn't. 1.4 million people queued online for 30K packs of masks. Compare that to the New Year's Eve lottery IT fiasco.

  6. #436

    Join Date
    Jan 2018
    Posts
    2,581

    Cue the run on cling film/saran wrap/plastic wrap (choose your brand of English). The "proper" way to protect your conjuctiva when protective facemasks are not available, YMMV:

    https://twitter.com/FLAHAULT/status/1227312908213923841


  7. #437

    Join Date
    Sep 2018
    Posts
    241
    Quote Original Post:
    Eh? If you are manufacturing a product, you will increase price if the demand outstrips your production capability, or you will increase the supply to benefit from the higher demand. Do neither of those things and your competition, or new entrants to the market, will.

    Proof of this is the number of HKers trying to source supply from all over the world to sell locally. 2 months ago, no-one was interested, there was no money in it. Now lots of people are working to increase supply, even people with a suitcase full. Today's Watson queue(*) shows there's unsatisfied demand for 35 million masks.

    (*) ...and as I said, the market works and government doesn't. 1.4 million people queued online for 30K packs of masks. Compare that to the New Year's Eve lottery IT fiasco.
    Yes, HK people are buying from all over the world but that's not resulting in an increase in supply which is the second part of your argument.

    In order to increase supply, more machines need to be procured and by the time that's done the need for additional masks will probably be over.

    I would say mask machines are a depreciating asset so procuring additional machines and materials would just result in wastage.

  8. #438

    Join Date
    Sep 2018
    Posts
    241
    Quote Original Post:
    There is no incentive to have the government limit prices either. The first grandma in line is just gonna buy two or three times as many if they are cheaper. We've seen this with toilet paper. Prices are cheap and there still isn't any available because everybody has been schlepping it away 10 packs at a time.
    The incentive for a functioning government is to protect their citizens so that they are not ousted. But you are right, this incentive doesn't exist for our government.
    AsianXpat0 likes this.

  9. #439

    Join Date
    Sep 2017
    Posts
    727

    Sorry, if it's already been posted. Anyone attempted this method ?



    https://www.scmp.com/news/hong-kong/...ong-scientists


  10. #440

    Join Date
    Jan 2010
    Posts
    4,076
    Quote Original Post:
    Sorry, if it's already been posted. Anyone attempted this method ?



    https://www.scmp.com/news/hong-kong/...ong-scientists

    Required items: kitchen roll, strong tissue paper, elastic bands, a hole punch, paper tape, scissors, plastic-coated steel wire, a pair of glasses, plastic file folders and binder clips.
    Next items to panic buy
    hannah01 likes this.

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