Mattress Buying Is Very Annoying

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I agree with Rohin Dhar that the mattress industry is rotten. However, not because of this:

The top four companies (Sealy, Serta, Simmons, and Tempur-Pedic) make up 59% of the industry revenue. The top fifteen mattress companies make up a whopping 81% of the market. Low levels of competition lead to consumers paying obscenely high prices for mattresses.

Is this unusual? It doesn’t sound all that unusual to me. Four companies that control about half the market and a dozen that control 80% of the market? I don’t know what’s average for national industries like this (or even how you’d calculate “average”), but isn’t this pretty average sounding?

(Via Andrew Sullivan.)

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BEFORE YOU CLICK AWAY!

“Lying.” “Disgusting.” “Scum.” “Slime.” “Corrupt.” “Enemy of the people.” Donald Trump has always made clear what he thinks of journalists. And it’s plain now that his administration intends to do everything it can to stop journalists from reporting things they don’t like—which is most things that are true.

No one gets to tell Mother Jones what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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