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#pricing

2 posts2 participants0 posts today
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Eric Maugendre

During 1992–2020, the USA had low and stable #inflation.

Despite massive federal deficit spending, the Fed met its 2% inflation target (or missed below it) for most of this era.

How come? There were no serious shortage of resources. (Thanks to: no cold war, globalization, bad working conditions, stable commodity supply, increase of greenhouse effect.)

A graph from FRED There is no relationship between federal deficit spending (green) and inflation (red). Deficit spending (money surplus) does not cause inflation.
#money#deficit#debt
Public
blog.TO

Bell hikes prices for wireless plans to match Rogers
Bell changed up its wireless plans, scrapping some options and raising the prices on others.The company's new plans don't really bring any significant new changes beyond price and data amount. Bell has two plans now, which you can view below:$65/100GB 5G+ Canada-wide plan (previously $49/100GB)$95/250GB 5G...
#business #telecommunication #pricing #technology #Canada #US
blogto.com/tech/2025/04/bell-h

Public
Alo Japan

alojapan.com/1234828/foreign-t Foreign tourists to pay more as Japan rolls out dual-pricing system #ForeignTourists #Japan #JapanTourism #pricing #tourism #travel   Thais heading to Japan should prepare for potentially spending more, as the country is set to introduce a “two-tier” pricing system at major tourist attractions from July. The policy will set different rates for Japanese citizens and foreign visitors in a bid to tackle over-tourism while generating additional r…

nationthailand
Public
Mark

Retail automation Worse Than You Thought

#Supermarket behemoth #Kroger uses electronic price tags (ESLs). These digital displays prices to change instantly & dynamic pricing permits prices change based a whim

They could mine shopper’s #data & set prices as high as possible. My concern is that these tools will be #abused in pursuit of #profit, surging prices on essential goods in areas with fewer & fewer #grocery stores

thenation.com/article/society/

The Nation · Automation in Retail Is Even Worse Than You ThoughtNew technology is not just making shopping more challenging for workers and consumers—it’s poised to rip off the most vulnerable.
#food#pricing#greed
Public
Chuck Darwin

Representative Rashida Tlaib of Michigan and 13 colleagues wrote to the CEO of the supermarket behemoth #Kroger in November about electronic price tags (often called #electronic #shelf #labels or #ESLs ).
These digital displays allow companies to change prices automatically from a mobile app.
Tlaib warned that this so-called “#dynamic #pricing” permits retailers to adjust prices based on their whims.
Just as #Uber raises prices during storms or rush hour, retailers like Kroger use ESLs to adjust prices based on factors like time of day or the weather.
Supermarkets could conceivably mine a shopper’s personal data to set prices as high as possible.
“My concern is that these tools will be abused in the pursuit of profit, surging prices on essential goods in areas with fewer and fewer grocery stores,” Tlaib wrote.
In August, Senators Elizabeth #Warren and Bob #Casey wrote to Kroger raising similar concerns about #price #gouging.
Noting that the company has already implemented the technology in hundreds of stores across the county, they warned that
“ESLs may help Kroger extract maximum profits from consumers at a time when…high grocery prices are a leading concern among Americans who are concerned about inflation.”
Warren and Casey also voiced concern about Kroger’s partnership with Microsoft to install #facial-#recognition technology in stores,
which could be used to identify individual customers:
When a shopper approaches the shelf, she would see a price calibrated specifically for her.
The next shopper might pay a different amount based on their profile.
Retailers could use shopper data to charge higher prices to those who can afford to pay more, but since stores do not have to disclose who is making pricing decisions or why,
the senators worry that shoppers on a budget are particularly vulnerable.
“It is outrageous that, as families continue to struggle to pay to put food on the table, grocery giants like Kroger continue to roll out #surge #pricing and other corporate #profiteering schemes,” they wrote

thenation.com/article/society/

The Nation · Automation in Retail Is Even Worse Than You ThoughtNew technology is not just making shopping more challenging for workers and consumers—it’s poised to rip off the most vulnerable.
Public
Børge

Wow. Even though I've of course heard all the elements that makes this true many times, I don't think I've ever heard the conclusion spelled out this clearly:

Congestion pricing is a way to move money from the rich to the poor!

While giving both more time and better health, I might add.

Great video from Wendover productions youtube.com/watch?v=B2j-LgcA7G

YouTubeThe Battle Over NYC Congestion PricingBy Wendover Productions
#CongestionPricing#NYC#cars
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