Sure, but you’ll notice that’s something you have to work hard to bypass capitalism to do. It’s not something capitalists are actually offering or would program into their algorithms, because it’s directly against anything capitalism values or rewards. They are not here to provide a service. They are here to take money, to make capital. Which is often why they make the system less efficient, eg Turbo Tax. Giving a discount eats into their profit margins, so they’d rather lose the customer than lose the profit margin, because their resources are all finite. Yes there may be a discount in some countries, but within the same store it is very unlikely they will reward poverty by giving it a discount and eating into their profit margins. It just doesn’t make sense. This meme is propaganda to upset the middle class towards the poor.
And yes I’d take ANYTHING approaching the limit of worker owned companies. Also if every election could be approval based voting or ranked choice.
Giving a discount eats into their profit margins, so they’d rather lose the customer than lose the profit margin, because their resources are all finite.
So why do stores have sales, ever? No, although groceries are low-margin items, they still retain high enough markups that they can still make money even with discounts, particularly when offering loss leaders. And with this technology, they can optimize for both price and customer retention, by keeping a price artificially inflated for those who can afford it and only lowering it when they’re at risk of losing a customer.
Which sounds like a good idea, right? But it’s not going to be accurate, ever. They’re only ever going to miscategorize people and charge single moms double.
And let’s be honest, it won’t be used to give poor people discounts. It’ll be used to raise prices for middle class people.
Also if every election could be approval based voting or ranked choice.
Sure, but you’ll notice that’s something you have to work hard to bypass capitalism to do. It’s not something capitalists are actually offering or would program into their algorithms, because it’s directly against anything capitalism values or rewards. They are not here to provide a service. They are here to take money, to make capital. Which is often why they make the system less efficient, eg Turbo Tax. Giving a discount eats into their profit margins, so they’d rather lose the customer than lose the profit margin, because their resources are all finite. Yes there may be a discount in some countries, but within the same store it is very unlikely they will reward poverty by giving it a discount and eating into their profit margins. It just doesn’t make sense. This meme is propaganda to upset the middle class towards the poor.
And yes I’d take ANYTHING approaching the limit of worker owned companies. Also if every election could be approval based voting or ranked choice.
So why do stores have sales, ever? No, although groceries are low-margin items, they still retain high enough markups that they can still make money even with discounts, particularly when offering loss leaders. And with this technology, they can optimize for both price and customer retention, by keeping a price artificially inflated for those who can afford it and only lowering it when they’re at risk of losing a customer.
Which sounds like a good idea, right? But it’s not going to be accurate, ever. They’re only ever going to miscategorize people and charge single moms double.
And let’s be honest, it won’t be used to give poor people discounts. It’ll be used to raise prices for middle class people.
Now you’re really singing my song.