In practice the logistical load of price surging based on real-time data would just be too expensive to bother with, this is probably mostly about saving on paper costs and having to train people even less since an OTA update to pricing can be completely automated and roll over on a weekly basis
Wendy's just hinted at the possibility of surge pricing and their sales tanked and idk how long it took them to recover, or if they have, at a certain point people just don't have more money to spend, you can't squeeze blood from a fucking stone
when that's working there's no reason they couldn't do surge pricing. an infrastructure existing with only the prospect of modifying their pricing algorithms & updating it more frequently to enchance profitability.
you can't squeeze blood from a fucking stone
you can bleed an awful lot from monopolized essential goods
this is just a basic contradiction of capital, obviously its true in the long term but capitalists will always pursue the road of maximum profit to the ends of a common ruin of the classes. they're going to do surge pricing and all manner of new horrors if not restrained by a state or overthrown
My local supermarket has started to lower prices. Not on everything. And there's still shrinkflation. But on many basics. I doubt they're doing it to be kind. It's likely because they reached the limit of customers' overdrafts and their overall sales were dipping or because they're trying to undercut the competition to drive them out of business.
The blood from a stone thing is really reaching a tipping point.
Me and my girlfriend haven't gone out for a meal in over a year. I don't know anybody who regularly goes to restaurants anymore and if they do it's to see a live band and drink booze they brought from home in the parking lot.
At a certain point the people will theoretically just not have any money to spend and then no amount of business school wisdom is going to get somebody with $5 to pay $20 for a burger.
In practice the logistical load of price surging based on real-time data would just be too expensive to bother with, this is probably mostly about saving on paper costs and having to train people even less since an OTA update to pricing can be completely automated and roll over on a weekly basis
Wendy's just hinted at the possibility of surge pricing and their sales tanked and idk how long it took them to recover, or if they have, at a certain point people just don't have more money to spend, you can't squeeze blood from a fucking stone
when that's working there's no reason they couldn't do surge pricing. an infrastructure existing with only the prospect of modifying their pricing algorithms & updating it more frequently to enchance profitability.
you can bleed an awful lot from monopolized essential goods
You can't make a profit from people who have no money to spend
this is just a basic contradiction of capital, obviously its true in the long term but capitalists will always pursue the road of maximum profit to the ends of a common ruin of the classes. they're going to do surge pricing and all manner of new horrors if not restrained by a state or overthrown
A whole lot more people will learn to sail the high Seas 🏴☠️
Other stores have already been doing surge pricing apparently. They just raise their prices and offer sales during slower periods.
My local supermarket has started to lower prices. Not on everything. And there's still shrinkflation. But on many basics. I doubt they're doing it to be kind. It's likely because they reached the limit of customers' overdrafts and their overall sales were dipping or because they're trying to undercut the competition to drive them out of business.
The blood from a stone thing is really reaching a tipping point.
Me and my girlfriend haven't gone out for a meal in over a year. I don't know anybody who regularly goes to restaurants anymore and if they do it's to see a live band and drink booze they brought from home in the parking lot.
At a certain point the people will theoretically just not have any money to spend and then no amount of business school wisdom is going to get somebody with $5 to pay $20 for a burger.