Because this industry has been getting away with fleecing people for decades.via LATimes
Because no one is doing anything to prevent a near-monopolistic, $100-billion industry from shamelessly abusing its market power.
Okay… so, someone should do something about it.
The high cost of frames reflects a market that is woefully lacking in meaningful competition.
Yeah, that’s my point.
Italy’s Luxottica also runs EyeMed Vision Care, LensCrafters, Pearle Vision, Sears Optical, Sunglass Hut and Target Optical.
Just pause to appreciate the lengthy shadow this one company casts over the vision care market.
You go into a LensCrafters retail outlet, where the salesperson shows you Luxottica frames under various names, and then the company pays itself when you use your EyeMed insurance.
A very sweet deal.
Wow, that’s fucked up.