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- cross-posted to:
- [email protected]
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.
If it’s hot outside we can raise the price of water…”
Holy fuck dude that’s some endgame capitalism right there.
They really will just fuck us to death if we let them.
name checks out
Yes. That is actually the point. MUST maximize that profit!
Airlines do this now, as does Uber.
The tech is only just catching up for retail. This is end game capitalism hope you enjoyed the ride.
Always has been. Do you know the story of Jacob and Esau and the cost of a lentil stew for a starving brother?
It’s the rollercoaster tycoon umbrella strat all over again
Water is free/cheap though. They have a water fountain. You have plumbing into your living space with a virtually limitless supply.