I will add serious distance to a journey in order to avoid a jam. I will wake at an inhumane hour to avoid traffic. I know it’s irrational but sitting in traffic is the worst. My life was so easy when I cycled to work. Literally zero traffic jams for twelve years. Every journey to and from home was fifteen minutes.
Same I moved to a place that lets me take mostly side roads to get in to work and I’m loving it. It is about 10 minutes longer than the highway if everything is perfect but if you account delays caused by traffic its usually almost even or faster if there’s a bad accident or something.
No it’s obviously no replacement for proper legislation. However in the meantime it is a step you can take in the right direction as an individual. When Wendy’s started throwing around this bullshit I stopped going. Do they care? No probably not. But I know I’m trying
It should be protected against. But, you know if a business changes to dynamic pricing and their next quarterly numbers shows that the vast majority of people didn't swallow it, and revenue is hugely down, they would undo it in a second.
The fact is, though. They know enough people WILL let them them get away with it. From their point of view, why would they turn down free money?
But, you know if a business changes to dynamic pricing and their next quarterly numbers shows that the vast majority of people didn’t swallow it, and revenue is hugely down, they would undo it in a second.
You would be right if we assume that
The people leading these companies are making informed data driven decisions.
Companies majorly made money through selling goods/services
However once a company is a certain size or in the correct position it’s more about showing a growth potential to investors, then actually proffiting from selling goods/services. Investors is really how these companies make money now. I’m not an economist so I’m not sure if this is still technically capitalism when the majority of profits come straight from investors but to me it sounds much more like a ponzi scheme.
My point being is that in a best case scenario, a nationwide boycott could take place and a company makes $0 gross income. But they can still profit if they can convince their investors that they are taking the right steps to position themselves in “this new economy”. Now realistically someone is still going to buy their products and any boycott effort will just have minor effects. The absolute worst case scenario for anyone actually in charge of making decisions like this at a large company is they get a golden parachute and hop over to another place.
Just like you said, why would they turn down free money?
The difference is that prices change in a predictable manner, with dynamic prices, especially if they go for max greed, will be impossible to figure out.
The one in front of you gets a Big Mac for $5 your price is $15, and they can’t say why, the algorithm has spoken!
Are happy hours and lunch specials not dynamic pricing? It’s just a different way of framing it as a discount rather than surge price, but it’s basically the same idea as far as I’m concerned. I’m happy to vote with my wallet on this, if Wendy’s decides they want dynamic prices then I’ll just go elsewhere. Fast food certainly isn’t an essential.
Lunch menus everywhere I’ve gone give smaller portions vs. the dinner menu to justify the lottery lower price. I’d love some lunch portions (and prices) for dinner as an option.
Happy hour is a good analogy though, except that they publish the prices and times 24/7 so it’s not a surprise like surge pricing is turning into.
As the other guy said, lunch specials aren’t dynamic insofar as any pricing can be dynamic when the restaurant just changes prices willy-nilly. Which is what surge pricing is.
Lunch specials are a separate, generally static part of the menu. Like how using a coupon isn’t considered dynamic pricing for the times when you have a coupon on you.
Not familiar with the implementation, so maybe this is incorrect, but does Wendy’s tell you when you’re paying more or less? If not, my primary issue would be transparency. I know to show up for happy hour or lunch and I know what the prices will be.
I don’t want to have to memorize the prices because they quietly bump up everything on the menu by $0.50 at peak meal times everyday for an hour and don’t indicate that anywhere.
B is for people who live where there’s no alternative, like small towns where Walmart undercut every other business and is now the only game in town. If you live in a place like that, steal from Walmart. If you live in a place where you have one store doing dynamic pricing and another that isn’t, go to the place that isn’t doing it.
I worked for a prof who prides himself on being an absolutely disgusting human being. Everyone has stories about talking with him in his office and then lifting his ass on one side to let rip. To make things worse, he had a fridge in his lab that he filled with booze and the stinkiest cheeses he could find, so his breath and farts were so bad they could make paint peel.
There’s crazy stories about him traveling to an international conference and puking on the guy sitting beside him and shitting his pants on the same flight.
Then on a university sponsored trip (with other biology profs/researchers) to recruit new students and research collaboration, he drank some brown bubbling “wine” that he vought from a street vendor, that everyone else refused to drink, he shat his hotel bed 3 nights in a row and every time the hotel tried to charge him for it he claimed it was just chocolate that he had been eating in bed. They then proceeded to a remote research station up on a mtn and when they arrived he rushed to the bathroom and broke the toilet immediately. They had to spend close to a week there, with no functioning toilet.
Hope your boss never reaches those levels of depravity, lol.
He was also a taxonomist with a specialty in parasitology (I worked for him doing parasitology work on fish) turns out when he first met his to be wife (anecdote that came directly from him) he went fishing, and brought the fish to his to-be in-laws where he was sure to point out evert parasite in the fish that they would then go on to eat.
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