Dynamic pricing WTF

Eh.

Everyone should be intermittently fasting anyway. Personally, I eat one meal a day. Not for everyone but I earned the ability to do it. It's a discipline that becomes routine.

If I were to eat out, which I religiously DO NOT, I'm sure I could choose whatever time to avoid price increases.

I think folks are pulling back on fast food. That could change however if groceries become too expensive. Perhaps their expecting a jump in business and are figuring out clever ways to maximize profits and decrease loss, i.e. unconsumed product.

It's convenient, used to be cost effective, but it still garbage at the end of the day and many have wised up about it.

Only their motorized cart ridden "robust" customers will be outraged. Lol.

I do see how this model could cross over into other businesses. Our electric company here has created a similar scheme by MAKING you choose a peak usage period and choosing to lower your usage during such period to save on your monthly charges.

What pisses me off is their monopoly on service. I mean, who else can you go to? You're technically forced to choose "a package" because there's no competition.

Anyway, I'm rambling...lol

a reply to: Ravenwatcher

Didn't see a link and I know I just seen this some place ........so adding it.

Wendy's to roll out Uber-style surge-pricing, with menu prices fluctuating based on demand - LINK - LINK2

Dynamic pricing, also known as surge pricing, is when the price of a product or service fluctuates according to demand or other factors, such as calling for an Uber ride during rush hour or bad weather.

"Dynamic pricing enables them to take that surplus away from consumers and put it into the firm's pocket. Ultimately, the biggest losers would be lunchtime customers. If people feel like they're getting gouged, they're not going to take kindly to this dynamic pricing strategy."

a reply to: JinMI

Agreed. Just stop going there as ez as that. Support a small business is what id do instead.

a reply to: NotVaxxed

I like to get my burger from local farmers myself.


Guess I'm just weird like that.

Imagine grocery prices changing from when you put the item in your cart!

a reply to: Ravenwatcher

That used to be called price gouging. But hey, $20 bottles of water during a natural disaster are sounding like they're back on the table! Guess I'll be rich anyway. Sorry, suckers!

a reply to: Ravenwatcher

So, some people will just adjust their daily routine around any changes like this.

Breakfast, lunch and dinner at the cheapest time of day. Yeah, that'll work. People will then microwave throughout the day and pay for the electricity instead and think they are playing a game and winning.

People who are smart don't rely so much on the commercialism of high street outlets but do that old fashioned thing called COOKING WITH INGREDIENTS.

As for things like Water, Energy and Fuel.....that can be economised at source rather than finding extra money to pay for what people WANT in favour of what they NEED.

The biggest problem I can see regarding fast food outlets was predicted years ago in the movie "FALLING DOWN" where the main character wanted something off a different menu that was only served between certain hours. He didn't like that did he?

How many people will miss the time when prices change and end up having tantrums at the staff who will be accused of being too slow and other customers will have to wait longer because of "feelz"? I can imagine the social media headlines coining a whole new breed of entitled feeders called "Missed its".

As a novel way to smooth the lunch time rush into less productive burger selling hours doesn't seem like a big deal.

But if this pricing model catches on I could see it being abused to create deceptive pricing practices.

the pricing of goods and services in such a way as to cause a customer to be misled; an example of deceptive pricing is bait-and-switch pricing.

originally posted by: Ravenwatcher

originally posted by: JinMI
a reply to: Ravenwatcher

Am I forced in some way to buy the burger, let alone at the time you posted?

A $2.00 burger should be a $2.00 burger at anytime of day or night , Not just we sale more burgers at 12pm so lets jack the price up until 3pm .

I agree with that. This is a bonehead move by Wendy's. Not sure which way it will go for them. I used to go there often, but the lineup at the drive through became unbearable, so I fired them from my lunch menu. (Already)

Mc-E-D's is already long been fired as well, their prices are a joke now.

Yea people defend this because they believe unregulated capitalism actually exists, which it doesn't, never has.
This is just more nails in the coffin of corporate control over consumer habits.
Airlines do this because of absolute scarcity, uber does it because of lack of control from middle management, electric company's do this because of peak AC uage.

Burger joints do this because they want to spread out the labor to the 24h model and price gouge.

Capitalism is no different than how cultures are formed. Culture forms naturally, it's when some sort of authority comes in and states they know best for the culture and forms an ideology around it.

When the "elites" say you'll own nothing and be happy, they really mean it, you'll be renting or basing your purchases off speculative market demands like the stock market.

a reply to: Ravenwatcher

Thank Uber..

2 AM can get pricey too. Have you seen peak hour surcharges or late night on food delivery apps?

The place is 6 blocks away and open for walk-in. Yet I'll pay $8.00 for delivery + tip because I don't want to leave the apartment.

So that 1 AM burger is $15 + tax + $8 + $6 tip.

$32 for a burger. But I don't have to get up!

Capitalism!

They won't surge anymore if profit fails to increase with this model.

originally posted by: Ravenwatcher

originally posted by: JinMI
a reply to: Ravenwatcher

Am I forced in some way to buy the burger, let alone at the time you posted?

A $2.00 burger should be a $2.00 burger at anytime of day or night , Not just we sale more burgers at 12pm so lets jack the price up until 3pm .

Yes! You aren't saying it's illegal, you are merely pointing out how this can hurt consumers. For example - eating out at lunch when working. The price will go up at lunch, causing many people to have to go without lunch now. Unless they can sneak out at 3pm unnoticed and get the same meal for less money. So, I totally agree with you - this is a terrible idea that will branch out and mess up a lot of things for people imho.

originally posted by: Ravenwatcher
So the new norm is dynamic pricing - Lunch hour burgers will cost more then 3pm burgers - This will leach into everything we buy Gas on Holidays etc ..............

Think about it during the colder months we will be charged higher prices for heat in the summer charged more for water and cooling .
Christmas charged more for anything we buy ,

This country has gone nuts ............

"In a recent earnings call, Wendy's, the second-largest fast food joint in the U.S., shared that it will soon begin piloting a “dynamic pricing” model, in which prices will fluctuate throughout the day depending on demand."

So soon Friday night Pizza will go up not to mention Friday night beers , Morning coffee ------------Isn't this price gouging ???????????????

Dynamic pricing has been around forever.

You have run into it if you have ever stayed at a hotel, been to a sports game, bought a flight, been to a happy hour, had the day's special at a restaurant.

Done correctly this will even out peak kitchen times, reduce waste and probably be a boon to the customer.

Let's see where it goes when Wendys implements it, but it is already a part of restaurant pricing in some ways.

The software is already out there.

Been to an Olive Garden lately?

They already use dynamic pricing.

That's why the menus are digital... it allows them to adjust prices in realtime.

Hell, McDonalds has a whole section (MD Tech Labs) that uses AI to adjust prices on the digital menus in the drive through.

That started in 2019.

Linky

originally posted by: Klassified
a reply to: Ravenwatcher

I get what you are saying but it shouldn't be allowed.

That's capitalism. The market decides if a ruse like this flies or dies. It's the power of the purse.

As has been said, as long as no one is forced to purchase from that business, there's nothing illegal about it. A local convenience store in my town switched to all self-serve registers last year except for sales that cannot be handled that way. I told them I would not be a customer AND an employee unless I get employee discounts. I haven't shopped their since.

A burger joint in the county next to mine only accepts credit/debit - no cash. I took my crew of 5 and walked out. I only pay in cash AND I avoid self-checkout. I’d rather wait 30 minutes in a human-serviced checkout lane than “work” to make more money for the store. There is no discount in self-checkout.

originally posted by: Klassified
That's capitalism. The market decides if a ruse like this flies or dies. It's the power of the purse.

As has been said, as long as no one is forced to purchase from that business, there's nothing illegal about it. A local convenience store in my town switched to all self-serve registers last year except for sales that cannot be handled that way. I told them I would not be a customer AND an employee unless I get employee discounts. I haven't shopped their since.

No, this is not capitalism any more. It has morphed into something different than what it used to be. Because in earlier times, CEOs did not make $179 million dollars a year, plus profits for the shareholders. Capitalism used to be honest business owners, hiring people to do the work and paying them a decent, living wage and the customer was always right - you operated your business so that the customer would be happy and be a return shopper. Nowadays, we all know what it's become - if the CEO can make a profit for the shareholders, he gets a $50 million dollar bonus, the shareholders make money and the customer is left out in the cold; having to pay higher and higher prices for the product just to make the CEO and shareholders get rich. The regular customer is not part of the equation any more. Just charge him a higher and higher price. Or lower the quantity of the product. Or BOTH. Where does it end? I don't think we're gonna like where it ends.

And as to your last point, it's right, but I'm sensing something different is going on. You notice how incidents like this keep happening and the customer's only recourse is to boycott the store and shop somewhere else? Whatever is happening, it's made to look like it's the customer's fault that more and more brick and mortar businesses are being closed. At what point do we wake up and look around and suddenly there's no place to shop but from online stores, which access to can be controlled by those in power?

I think there are undercurrents of things like this going on all around us.

originally posted by: TheLieWeLive
a reply to: Ravenwatcher

Are you sure this is not to bring in customers at times that are usually slow? At least in my experience around 3pm fast food restaurants are dead, therefore dropping the price of a burger might bring in early diners during slower hours.

What you describe is a common practice in the transportation industry.

Isn't this called an Early Bird Special or Lunch special?

a reply to: Ravenwatcher

Because of wage increases over the past half-decade, McDonald's has already priced me out of buying their products any time day or night. Six bucks for a fish sandwich? I think not!

originally posted by: JinMI
a reply to: Ravenwatcher

I'm not seeing an issue.

Reflects well the definition of supply and demand.

If it fails, then it's the business that suffers. The consumer remains unharmed. Unless there's something I'm missing.

cream and sugar. that is what you are missing. at least I am. Coffe at your place then?

originally posted by: Ravenwatcher
So the new norm is dynamic pricing - Lunch hour burgers will cost more then 3pm burgers - This will leach into everything we buy Gas on Holidays etc ..............

Think about it during the colder months we will be charged higher prices for heat in the summer charged more for water and cooling .
Christmas charged more for anything we buy ,

This country has gone nuts ............

"In a recent earnings call, Wendy's, the second-largest fast food joint in the U.S., shared that it will soon begin piloting a “dynamic pricing” model, in which prices will fluctuate throughout the day depending on demand."

So soon Friday night Pizza will go up not to mention Friday night beers , Morning coffee ------------Isn't this price gouging ???????????????

cream and sugar