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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Surge pricing

Surge pricing

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  • jon-nycJ Online
    jon-nycJ Online
    jon-nyc
    wrote on last edited by
    #21

    Maybe we should all reevaluate.

    Warren is against it, so it’s probably a good idea.

    Thank you for your attention to this matter.

    1 Reply Last reply
    • HoraceH Offline
      HoraceH Offline
      Horace
      wrote on last edited by
      #22

      she hates markets so much.

      Education is extremely important.

      1 Reply Last reply
      • 89th8 89th

        See? Much easier for you just to tell me than to read it on my own. Plz also text me when the cheeseburger is 99 cents.

        MikM Offline
        MikM Offline
        Mik
        wrote on last edited by
        #23

        @89th said in Surge pricing:

        See? Much easier for you just to tell me than to read it on my own. Plz also text me when the cheeseburger is 99 cents.

        Ok.

        https://www.msn.com/en-us/foodanddrink/foodnews/wendy-s-is-offering-1-cheeseburgers-all-month-for-march-madness-after-announcing-dynamic-pricing/ar-BB1jjIB7?ocid=msedgntp&pc=LCTS&cvid=99ba0a3a0f1b4d44a6954f245d81b2f9&ei=216

        "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

        LuFins DadL 1 Reply Last reply
        • MikM Mik

          @89th said in Surge pricing:

          See? Much easier for you just to tell me than to read it on my own. Plz also text me when the cheeseburger is 99 cents.

          Ok.

          https://www.msn.com/en-us/foodanddrink/foodnews/wendy-s-is-offering-1-cheeseburgers-all-month-for-march-madness-after-announcing-dynamic-pricing/ar-BB1jjIB7?ocid=msedgntp&pc=LCTS&cvid=99ba0a3a0f1b4d44a6954f245d81b2f9&ei=216

          LuFins DadL Offline
          LuFins DadL Offline
          LuFins Dad
          wrote on last edited by
          #24

          @Mik said in Surge pricing:

          @89th said in Surge pricing:

          See? Much easier for you just to tell me than to read it on my own. Plz also text me when the cheeseburger is 99 cents.

          Ok.

          https://www.msn.com/en-us/foodanddrink/foodnews/wendy-s-is-offering-1-cheeseburgers-all-month-for-march-madness-after-announcing-dynamic-pricing/ar-BB1jjIB7?ocid=msedgntp&pc=LCTS&cvid=99ba0a3a0f1b4d44a6954f245d81b2f9&ei=216

          Mik, that’s $1.00. He asked for 99 cents. Stop encouraging inflation.

          The Brad

          1 Reply Last reply
          • MikM Offline
            MikM Offline
            Mik
            wrote on last edited by
            #25

            Good point. He won't be able to afford your birthday present.

            "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

            1 Reply Last reply
            • 89th8 Offline
              89th8 Offline
              89th
              wrote on last edited by
              #26

              Wait until they add in the tax. MINNESOTA tax, which is like... way worse.

              1 Reply Last reply
              • taiwan_girlT Offline
                taiwan_girlT Offline
                taiwan_girl
                wrote on last edited by
                #27

                Article which goes more in deep on "dynamic pricing" for products (esp food)

                https://www.vox.com/money/24105250/fast-food-restaurants-dynamic-pricing-algorithm-wendys

                Amazon, for example, reportedly changes prices millions of times per day, with the average product’s price shifting every 10 minutes. The FTC, which sued the e-commerce giant last year accusing it of being an illegal monopoly power, alleges that Amazon used an algorithm to test whether competitors would match the company’s price increases on certain products and keep their own price high if they did match. The FTC estimates that Amazon made about an extra $1 billion in revenue through this automated pricing process. Amazon has said that it no longer uses the algorithm and that it was a brief experiment to see whether its price-matching system could lead to unsustainably low prices. (Over a decade ago, Amazon’s algorithm did go haywire and priced a book at almost $24 million.)

                and

                Variable pricing for food also isn’t new to the restaurant industry, particularly in fine dining where eating is more about the experience of high-quality food and ambiance than it is about filling caloric needs, as fast food is more likely to be. More so than fast food, dynamic pricing is “very likely to come around to table service restaurants,” says Zagor, not only for the food itself but even for the tables. Reservations for the best seat in the establishment at primetime on a Friday or Saturday, for example, could come at a higher cost than a midday reservation during the week. Dynamic pricing could even come to grocery stores as more US retailers install electronic shelf labels that allow merchants to effortlessly tweak prices for thousands of products.

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