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Drudge Retort: The Other Side of the News
Thursday, March 21, 2024

More and more industries are adopting "dynamic pricing" -- and consumers aren't happy.

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... In the future, the ideal time to eat a burger won't be when you're hungry and really hankering for one.

It'll be the oddest, most awkward hours -- late mornings or afternoons, the middle of the night on a Tuesday -- the slices of time when prices will be lowest. Not unlike your Uber ride, fast food prices will go up or down depending on demand.

At least, this is the world people imagined when fast food chain Wendy's revealed it would be tinkering with "dynamic pricing," a broad term that describes any strategy where prices fluctuate based on supply and demand -- like flights and Uber rides.

The uproar was swift and sonorous; Wendy's tried to clarify that it would use the strategy to offer lower prices, not to raise them when traffic is highest, but the reputational damage was done. In countless headlines, Wendy's was accused of using surge pricing on food at a time when steep food prices at both restaurants and grocery stores have left many people drastically tightening their belts.

Above all, the Wendy's fiasco also highlights an uncomfortable truth: It feels impossible to know what to expect to pay for anything. ...


#1 | Posted by LampLighter at 2024-03-21 12:11 AM | Reply

Call it for what it is.... gouging.

#2 | Posted by Nixon at 2024-03-21 07:01 AM | Reply | Newsworthy 3

Gauging, over and over, throughout the day... throughout the day, every effen day, all day, and all night.

Capitalism blows.

#3 | Posted by Wardog at 2024-03-21 08:50 AM | Reply | Newsworthy 3

It sure as ---- ain't coming for your rent or your mortgage or your car payment or your student loan payment or your medical bills.

#4 | Posted by snoofy at 2024-03-21 05:35 PM | Reply | Newsworthy 1

I heard on the radio Kroger (grocery chain for those not familiar with them) is planning on installing LED price displays so they can instantly raise or lower prices on individual items.

#5 | Posted by AMERICANUNITY at 2024-03-21 07:26 PM | Reply

#5 Those signs are already up at Target and elsewhere.

#6 | Posted by snoofy at 2024-03-21 07:34 PM | Reply

"Those signs are already up at Target and elsewhere."

When I picked up a tube of toothpaste it was $2.79 but by time I got to the the cash register it was $3.49.

The next time I went in that store for that tube of toothpaste it ended up costing nothing. Funny how that sort of thing works.

#7 | Posted by pumpkinhead at 2024-03-21 11:00 PM | Reply | Newsworthy 1

If I picked up a tube of toothpaste that was $2.79, and was then $3.49 by the time
I hit the register, I'd be tossing the tube of toothpaste to the cashier saying
"Have fun with that..." every single time.

Indeed, it would be mandatory behavior on my part as I would want the store to
know my displeasure and to want to curtail the practice.

#8 | Posted by earthmuse at 2024-03-22 06:55 AM | Reply

It takes too long to tell the story, but decades ago I had a job where I proofread Macy's catalogs for the whole season from early November through the post-Christmas sales. I learned then that retail pricing is garbage and that the stores are making money on me even when I'm buying stuff at the lowest price point. I don't look at shelf prices the same anymore. They are all fungible.

#9 | Posted by Dbt2 at 2024-03-22 07:18 AM | Reply

We once could freely read the global press and news and even express out own opinion as customers, be it good or bad etc on it via reader comments. Then much of the news media gradually eliminated free (advertising based) access to news via a paywalls and muzzled the ability of customers/readers to give their opinion. They did not like giving readers the ability to opine on news and format. Much of it had to do with their bosses effort to eliminate Donald Trump from the news.

Dynamic pricing only provides more stress to already over stressed customers that want stability in pricing.

DBT2 (#9) I've believe retail is a job sector where top management regularly and prematurely sucks the blood out of their employees and with few benefits and not top pay.

#10 | Posted by Robson at 2024-03-22 05:45 PM | Reply

And this is why we need socialism.

Prices are what it costs to produce an item, including paying a fair wage to the workers who control the means of production.

#11 | Posted by DarkVader at 2024-03-22 09:37 PM | Reply

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