Proposed bill would charge penalties for overpricing women’s products

Submitted by Mastodon on Thu, 2019-06-06 21:01

Article here.

'Lawmakers in Albany have introduced a bill that would charge civil penalties to retailers that charge more for the female version of the same product.

The bill would prohibit businesses from charging different prices for “substantially similar products.” That means goods that share the same brand, share the same functional components and share 90% of the same materials or ingredients.

This bill would exempt retailers that sell items with a price previously determined by the manufacturer.

Retailers that willingly charge more would be hit with a $250 fine.

A study by the New York City Department of Consumer Affairs found that on average, products for women cost 7% more than similar products for men. That includes deodorant, shaving cream, razor's, clothing, and children's toys.

The bill has already passed committees in both the Assembly and the Senate.'

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Comments

Is there a similar bill for occasions when products marketed specifically to men that are more than products marketed to women?

That NY would be doing this is no surprise. Price-fixing is a classic socialist move meant to appeal to the electorate. Alas it ignores basic economic principles which typically leads to not much good. But this is NY we're talking about here: land of unfunded budgets, excessive state bond debt, decaying infrastructure, and economic malaise.

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Submitted by Matt on Fri, 2019-06-07 02:41