A meal is a pretty simple fixed-cost item from a retail outlet, not a service with a complex set of dependencies and shifting requirements. The cost of the meal is predictable to the seller - dynamic pricing has only one purpose - gouging customers.
If SaaS/consulting/architectural firms are engaging in price gouging of their customers, that is not an argument to bring the same to the fast food market.
Counterpoint: Restaurants have ALWAYS had dynamic pricing. It is called "Happy Hour". Dynamic pricing for an eatery serves an important purpose besides just gouging the customer. It moves customer traffic away from the intense surge at standard breakfast, lunch and dinner times which is a hard problem for businesses to work around.
You DESERVE a discount for patronizing them during their slower periods.
Guess that is a matter of perspective eh? If they say a Big Mac meal now costs $20 normal price but the price is being dynamically decreased based on order volume to attract customers at off-times for a lower price, does this Kohl’s “every weekend is a sale” model suddenly make everything feel better?
The "cost" of anything is determined by supply and demand. Nothing fixed about pricing; it was always an arbitrary affair of "buy low, sell high" at every level. It's the very essence of Capitalism.
Government regulation of course exists, but is a separate thing.
But she would have to do that (borrowing $250m) every year, and the company's cash flow might not be able to sustain the repayment in 12 months; and it the borrowing keeps stacking, then she would have to sell part of the company; and that's the point of the article.
I'm not sharing my opinion on the matter or anything, just correcting you that the California wealth tax is a one-time event, so the owner would only need a single $250M loan, not a new one each year.
True story #1: whenever we go on vacation, wife and I check rates for Uber and Lyft on both of our phones, and consistently we get different rates up to 15% delta.
True story #2: I am eyeing a nice Seiko watch on Amazon, the price has been oscillating between $296 and $316. Whatever, thinking about waiting for black friday. Then the other day the price jumped to $350; weird.
So, I switched to Firefox, used the VPN to a different US location, checked the watch and the very same watch was $316. It was surreal.
Looking forward to hack it in a way that favors consumers.
