It is clear that if enough people use this method, prices published for a two part flight will stop being cheaper than prices published for one part of that flight. It isn't clear one way or another (at least to me) whether or not the overall consequences would be worse.
A more common example of the same thing: it is frequently the case that a round trip ticket is cheaper than a one-way ticket, and for this reason it is not uncommon for people to buy a round trip ticket and only use the first half. If people did this frequently enough, you would no longer see round trip tickets that are cheaper than one-way tickets. It is not obvious at all that things would be overall worse for people, rather than better.
I was going to wait to post this for reasons, but realized that was pretty dumb when the difference of a few weeks could literally save people hundreds, if not thousands of collective dollars.
If you fly regularly (or at all), you may already know about this method of saving money. The method is quite simple: instead of buying a round-trip ticket from the airline or reseller, you hunt down much cheaper one-way flights with layovers at your destination and/or your point of origin. Skiplagged is a service that will do this automatically for you, and has been in the news recently because the creator was sued by United Airlines and Orbitz. While Skiplagged will allow you to click-through to purchase the one-way ticket to your destination, they have broken or disabled the functionality of the redirect to the one-way ticket back (possibly in order to raise more funds for their legal defense). However, finding the return flight manually is fairly easy as the provide all the information to filter for it on other websites (time, airline, etc). I personally have benefited from this - I am flying to Texas from Southern California soon, and instead of a round-trip ticket which would cost me about $450, I spent ~$180 on two one-way tickets (with the return flight being the "layover" at my point-of-origin). These are, perhaps, larger than usual savings; I think 20-25% is more common, but even then it's a fairly significant amount of money.
Relevant warnings by gwillen:
Additionally, you should do all of your airline/hotel/etc shopping using whatever private browsing mode your web browser has. This will often let you purchase the exact same product for a cheaper price.
That is all.