• The Infinite Nematode@feddit.uk
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    3 days ago

    Every time I’ve worked with a customer wanting to do digital pricing labels, the end goal is what we would now call surge or adaptive pricing

    • Saapas@piefed.zip
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      3 days ago

      Like I said, maybe it’ll happen but we have digital price stickers in almost every store because they’re just easier. Same convenience allows surge pricing but surge pricing isn’t the only reason to do it.

        • Saapas@piefed.zip
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          3 days ago

          It would be actual news here so you’d need someone to notice. Me, any other consumer, their workers…

          I get the conspiratorial idea but I very much doubt they’ve managed to keep it secret from everyone. I’d be happy (so to speak) to be proven wrong.

          • edible_funk@lemmy.world
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            3 days ago

            If there are no laws explicitly preventing the practice then all companies who can do it are doing it.

            • Saapas@piefed.zip
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              3 days ago

              It’d be kinda surprising since no store has been known to do it so far, so nobody has noticed or talked. And some people watch the prices and their fluctuation like hawks. Not to mention the employees.

              I get the pessimistic view but I just don’t believe that myself. But like I said, (un)happy to be proven wrong though.

      • tburkhol@lemmy.world
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        3 days ago

        The actual circumstances where surge pricing would be worth doing are pretty uncommon. Like, what news item would make a manager think “Oh, I should double the price of jeans for the next four hours” or “No one will care if the price of eggs is 50% higher between 7am and 11am”. Price changes longer than that, or less frequent than weekly are just price changes, and digital tags just make it happen faster, more reliably, and with less labor.

        • queermunist she/her@lemmy.ml
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          3 days ago

          They track all purchases, and that means data they can feed into an algorithm to track typical hourly/weekly/monthly demand. If they know eggs are more in demand by X% between 7am and 11am then it certainly makes sense to charge Y% more during that time. It’s all just math.

          • chunes@lemmy.world
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            3 days ago

            Makes sense from a profit standpoint, you mean? Because it certainly doesn’t make sense from a standpoint of prudence, morality, ethics, community, or common sense.

        • prole@lemmy.blahaj.zone
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          3 days ago

          Do you think that’s how surge pricing works on apps like Uber? There’s a human watching the market and constantly making adjustments?

          Or do you think it’s computerized (or nowadays, probably AI)? Which do you think is more likely?

          • tburkhol@lemmy.world
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            3 days ago

            Doesn’t matter. You still need some condition to trigger price changes. No grocery is going to change the price of bread based on the wheat futures market, because no consumer cares about wheat futures. Maybe they’d change based on their own inventory, but they can’t do that too quickly, or the price will change between the time customer picks up the product and the clerk rings it up.

            There’s a whole population of people who shop in advance - visit web sites, check the store fliers, whatever - to get the best price. If a shelf price doesn’t match their researched price, they’re never going to that store again.

            Aside from gas stations, grocery stores seem to have the most volatile pricing. They’re already making weekly changes on dozens of items, probably based on purchasing algorithms. Maybe that counts as retail “surge” pricing, but it’s not the dynamics that people fear when talking about digital price tags.

      • BackgrndNoize@lemmy.world
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        3 days ago

        Even if that’s not the goal of the current management, it’s only a matter of time before they get replaced by someone else and there’s far far more assholes in this world than good people, so it’s all but guaranteed that at some point someone will use the tech for surge pricing and adaptive pricing