340

The new labels allow employees to change prices as often as every ten seconds.

“If it’s hot outside, we can raise the price of water and ice cream. If there's something that’s close to the expiration date, we can lower the price — that’s the good news,” said Phil Lempert, a grocery industry analyst.

Apps like Uber already use surge pricing, in which higher demand leads to higher prices in real time. Companies across industries have caused controversy with talk of implementing surge pricing, with fast-food restaurant Wendy’s making headlines most recently. Electronic shelf labels allow the same strategy to be applied at grocery stores, but are not the only reason why retailers may make the switch.

you are viewing a single comment's thread
view the rest of the comments
[-] geekworking@lemmy.world 71 points 2 years ago

Just wait until they track your phone in the stores and tie it to demographics like where you live and profession to build a financial profile to estimate how much you are able to pay. As you walk down aisles, the prices change to your price to gouge out every possible penny from you.

[-] Lettuceeatlettuce@lemmy.ml 40 points 2 years ago

The true cyberpunk dystopia. They ultimately want to keep you as close to destitute without actually being bankrupt as possible, that way they extract as much as possible from you at all times for as long as they can.

Capitalism will always try to get as many people as possible, to pay as much as possible, for as little as possible.

[-] Boozilla@lemmy.world 17 points 2 years ago

I can see this happening 100%. It's already kind of a thing in home renovation and construction. Some businesses will charge you a higher hourly labor rate if your materials are expensive. Installing tile or whatever should be the same labor rate, but they assume customers buying expensive materials "must be rich" and won't blink at paying more for labor, too. They don't all do this, of course, but it's something to watch out for (and one of many reasons you should always get multiple estimates from different contractors).

[-] Steve@startrek.website 6 points 2 years ago

Expensive tile tends to be fragile, and its assumed the customer will expect more precise work, so not a great analogy

[-] Boozilla@lemmy.world 1 points 2 years ago

Tile was just an example. Applies to paint and everything else. I will use the contractor who doesn't do this upcharging nonsense. If you want to pay more for no reason, you do you!

[-] Neato@ttrpg.network 9 points 2 years ago

Sounds like a market to pay people to shop for you.

[-] treadful@lemmy.zip 5 points 2 years ago
[-] theneverfox@pawb.social 1 points 2 years ago

Ideally, we should trust one large company to manage paying them as little as possible for us. Probably through an app, so they can slurp up data on us to decide how much we'd pay for the service

[-] krelvar@lemmy.world 7 points 2 years ago

This is just a great opportunity for a poor person to rent their phone out, you gotta look for the silver lining in the capitalism!

[-] jpeps@lemmy.world 7 points 2 years ago

This as exactly my thought. It's not crazy to imagine this when I know for a fact systems exist in supermarkets to calculate optimal prices in different stores, based on the size of the store, the demographics of the area it's in etc

[-] mosiacmango@lemm.ee 5 points 2 years ago* (last edited 2 years ago)

Time to design a phone faraday cage for grocery shopping.

this post was submitted on 19 Jun 2024
340 points (97.8% liked)

News

36453 readers
633 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source. Clickbait titles may be removed.


Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.


7. No duplicate posts.


If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners or news aggregators.


All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS