1016 sats \ 7 replies \ @kepford 27 Feb \ on: Wendy’s Wants to Start Uber-like Surge Pricing in 2025. Should Everyone Follow? news
I think businesses should try stuff like this. That's really the only way to know if it works. One issue with being the first in an industry to try something like this is that you might get a bad response and not be able to shake it off. The average Joe has been conditioned to think that this type of thing is "price gouging". Even smart people don't get how supply, demand, and prices help equalize a market. Every time there is a natural disaster and plywood prices go sky high you hear the same price gouging / price cap discussion. Same goes for gasoline. Its all so tiresome.
In theory, it sounds like a good thing, but I am not sure how it would be received. Combined with price inflation, existing prices will become the new off-peak hours prices, and higher prices will be the peak hours prices, which will be applied most of the time and become the new normal.
It may be perceived as another trick to hide price increases, just like it already happens with shrinkflation or decreasing the quality of the product. Of course, inflation of prices expressed in $ is not Wendy's fault. Either way, I don't care for Wendy's or corporations in general.
Corporate greed
Maybe consumers are too cheap
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