▲ 297 ▼ New York City Council Approves Landmark Legislation Banning Surveillance Pricing (council.nyc.gov) submitted 11 hours ago by Beep@feddit.online to c/technology@lemmy.world 13 comments fedilink hide all child comments
[–] RepleteLocum@lemmy.blahaj.zone 3 points 8 hours ago (2 children) Isn't that just price gouging? permalink fedilink source parent hideshow 2 child comments replies: [–] NuanceDemon@lemmy.dbzer0.com 14 points 8 hours ago* They can overlap. Price gouging means charging excessively high prices, especially when people have little choice during shortages or emergencies. Its basically demand based pricing, a fairly normal economic principle, taken to extremes. Surveillance pricing means using personal data to estimate what you're willing to pay and tailoring your price accordingly. Two people could be buying the same product at the same time and see different prices because the company thinks it can squeeze more out of one of them. permalink fedilink source parent [–] phdepressed@sh.itjust.works 7 points 8 hours ago It still allows mass gouging you cant be price gouged different than anyone else though. So stops price tags that would change by who's near them. permalink fedilink source parent
[–] NuanceDemon@lemmy.dbzer0.com 14 points 8 hours ago* They can overlap. Price gouging means charging excessively high prices, especially when people have little choice during shortages or emergencies. Its basically demand based pricing, a fairly normal economic principle, taken to extremes. Surveillance pricing means using personal data to estimate what you're willing to pay and tailoring your price accordingly. Two people could be buying the same product at the same time and see different prices because the company thinks it can squeeze more out of one of them. permalink fedilink source parent
[–] phdepressed@sh.itjust.works 7 points 8 hours ago It still allows mass gouging you cant be price gouged different than anyone else though. So stops price tags that would change by who's near them. permalink fedilink source parent