Are You Being Charged More Than Everyone Else?
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- Опубликовано: 21 авг 2024
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When you shop online, how can you really know that the price you're seeing is the same for everyone else?
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An analogous situation is employers pay employees different amounts to do the same job, and then employers also try to encourage norms around not sharing compensation information in hopes of keeping wages down for at least some employees. At this point in time, talking to your colleagues about compensation is far more important than worrying about price discrimination.
Yes but we should worry about and discuss both
I don't get how people are so uncomfortable talking about how much they make? I have no problem with it, and I'm one of the lowest paid civil engineers in the country with my years of experience and professional license. But I also tell them I get perks like free health insurance paid by the employer, 3 day weekends every other week, paid holidays, 150 hours of vacation time each year that rolls over into sick leave the next year if I don't use it all, but my time off never gets denied. plus I get to work from home and set my own hours. I can't find benefits like those anywhere else that I talk to.... at least not in the area that I live, and I have no intention of moving because my house is paid off and I don't want to get another mortgage or rent.
Because a lot goes into compensation and people are incredibly simple minded when it comes to comparisons. It is highly personalized.
What people do is compare titles and pay, but NOT their resumes. Maybe for simple work, this works, but two engineers with the same title can be paid wildly differently based on many, many, many personal factors like years of experience and accomplishments as well as labor market conditions vs the company's need at the time as well as salary negotiated. Not to mention the impression you gave during the interview. Nevermind the years worked at the company itself.
However, you can get a better idea of your worth based on this more nuanced comparison. Like Josh might have more years over me, but I think I went to a better school. But this all comes down to what your employer values in each of you. And ultimately if you think you can get better pay you go and put yourself up for sale.
it is like the other comments, if you are working on a entry lvl job or factory work. maybe . every other job depends on the negotiation and wants/needs of each part.
ex:i am willing to work on a 4 hour shift in a fast food for 10 an hour. i went to the interview and convince the interviewer that my work worth 10(the company is in need, experience, appearance, grit , likeability or none of that and just better negotiation skills). so i got 10 and the company usually pays 8.
why everyone should be paid 10? 'if the others employees think they should get payed more.
is just a case to go to the employer and show why you are worth more and ask for a raise'
there is no way to show appreciation to a good working employee vs people who just want the paycheck if everyone earn the same.
The increase in costs in a small grocery store vs a larger store is also due to their wholesale costs. Smaller stores often pay higher wholesale cost per unit because their orders are smaller. Many times wholesalers offer lower prices per unit if the store buys a certain number of units that smaller stores can’t afford.
I am always grateful for the people who spill the beans in their review of a product and say how much they paid. I just recently didn't purchase a "70% off" item on Amazon that I almost rushed to buy because I saw it is always heavily "discounted" and really actually worth the cost it is posted for.
I use Microsoft Edge. It has a price tracker built in so I can see if an item has been "on sale" for a long time.
I don’t know how to bring it to you but most of them are generated by troll farms ))))
@@DroisKargvaThe best way to find real reviews is to ignore the "most popular" or "top" comments and instead read the "most recent" That's where you'll find people saying what broke or what went wrong
After a while, I completely lost trust in their discounts
@lorenaziki agreed!!
Coupon is another way to charge differently for different types of shopper. It's mostly price sensitive people who look for coupons.
I know that Safeway was experimenting with personalized coupons, where they send out coupons of varying values on varying products to individual customers through the app.
Indeed
Coupon lovers are either price sensitive customers (who lie in wait until the item they know they want is finally discounted) OR it is customers who neither need nor really want it but buy it anyway because now it's on sale.
Remember: if you don't buy it you save 100%!
Or any kind of sale or products ending up in discount stores. Usually by Black Friday all the clothes and shoes on sale are on their way out of season. You usually don't have the best looking pieces during this time because wealthier people already bought them all out at full price. Wealthier people don't have the patience to wait for a sale. I am pretty well off and really don't wait for sales or look at prices much anymore TBH. Though with inflation and all I'm starting to look for more sale items on food at least.
I work at a grocery store and noticed a lady using the app and the physical coupons to get toothpaste for .90 cents. So I told my whole line and got them all to sign up for the app and showed them where the physical coupons are. If my store's gonna let THAT happen, I'm telling everyone how to save. I did wince at having them log into an app, though.
Here in Europe smaller stores frequently won't have price lists or price labels. I avoid those because it not only means prices might be different but mostly because of the pressure to "buy something" to be polite for wasting the sales person time or to be "rude" if everything is expensive or not worth the price. That frequently applies to bakeries, butchers etc. Then, small business owners get angry nobody shops at their stores anymore, but they're the ones keeping us away by making it hard to compare their prices with the largest stores in the first place.
I will absolutely refuse to buy an item if it was unpriced and at the register was more then I expected. Don't a care in the world being rude about that
Well, I don't, but I feel bad. I also hate places where you have to ask for the price like butcher shops and bakeries, for example. You start asking for prices and you clearly see they're unamused when they know their prices are higher than the supermarket across the street and that you won't buy anything from them. They do it because many people believe their items are better just because it's a small business (or street tent), which I find quite silly. I treat those things as commodities, unless I can clearly see a large difference. Still, I only pay extra if I believe the added value is higher than the price difference. @@chrism3784
What do you mean by Europe? You seem not to realise customs in Sweden and Greece, say, are very different.
Reminds me of several instances during my vacations in France, Italy, and Greece. I'm Asian so I often get charged more for bread, coffee, cheese, or almost anything really. This only applies to family owned businesses; I have no issues shopping at big name brands like Aldi or Paul (bakery). The only time I never get upcharged is when I shop with my ex who's Italian.
The reverse happens to her in Asia. She gets upcharged for almost everything because she's white.
Apparently, in Europe, Asians immediately get the "tourist price". Same goes for Caucasians who travel in Asia. It sucks but it is what it is.
"here in Europe" 😅
Europe is not a country... where did you see this? Because I live "in Europe" and I've never seen this.
The only solution is to buy less crap online and in general. We spend way too much money due to ads, we should be getting outside and touching grass more. It's the only thing they can't sell
well, they also sell us State Park recreational passes out here in Cali lol
I know several people who make a living selling grass lol. There's a whole sod farm near where a place I work
artificial grass be like
Aside from the occasional movie every month, I hardly spend money on "things" anymore.
I try not to buy things either. So much is consumed for no reason. Markets may be efficient-ish, but the way resources are being allocated is often just not reasonable.
"It is collusion if there's no humans involved?" Allowing that loophole to exists, opens the door to horrible consequences, "I didn't broke the law, I delegated that to a machine, even if the result is the exact same if a human did it". This is going to be a problem if AI doesn't respect copyright.
It’s like saying “I didn’t murder that person, my elaborate saw trap did!” Lol
Someone still had to program the AI and authorize its use.
My argument is a computer doesnt do what it wants, ultimately someone made and programed AI or a program to do that.
@@user-yp8hc8gz2x if someone buys a kitchen knife and murders someone with it you can't hold the knife manufacturer or shop that sold it accountable
I actually argued for discriminatory pricing when it comes to legal fees and fines. Basically the current fees and fines for criminal violations be scaled up to match the criminals income/wealth. Rich criminals don’t really feel pain from a speeding ticket or parking fine and so run Willy Billy over us poor.
Very true , especially when “rich” people actually budget for these fines
I wouldn't call that pricing though
Same concept different application
"I would argue the opposite. We should increase the fines and penalties for the criminal class so that the bl.. I mean the immigrants don't have the opportunity to harm our neighbourhoods. Remember, the laws prevent all of us from sleeping under bridges and stealing food but we only really want to stop one type of people"
~~ a politician somewhere.
*criminal’s (though why do you assume anyone accused is a criminal?)
i would like to take the opportunity to remind everyone that you can and should compare prices using incognito, deleting browser cookies, and using a VPN. i guarantee youll never see a lower price on an item.
I've found the opposite to be true at times.
Not all personalized pricings are markups. Some are markdowns.
@@broomemike1 Sure, but what percentage are markdowns vs markups? I would be surprised if there were many markdowns.
Google tracks us in incognito mode 📳
I went to a flower market in San Francisco expecting it to be a good deal because the word wholesale was plastered everywhere but there were no prices on anything and I caught more than one merchant checking out my clothing before they would give me a price. I ended up buying flowers at a grocery store because the prices for plain bulk flowers were twice as much as a grocery store bouquet, and only 25% less than a full price, custom bouquet at a high end florist.
This. My wife and I did our own flowers for our wedding, and the grocery store bulk pricing was way better than the well-known large downtown "wholesale" flower market.
Kinda would liked if there was an experiment about that: have multiple people come in over the days with clothes off different style and cost and see how it plots out on a graph
A message to all the sellers and their cookies/trackers - I’m only willing to pay the lowest possible prices! 😄
Depressing. Websites often block VPNs, only letting you log on if you disable it, or pass a 2-factor authentication test. So they know it’s you, “for your protection “. 😂☮️
I remember when people on my Minecraft server would bypass account bans and IP bans by using a VPN. Had to add a VPN blocker. Never would tell the players its for their protection though. It's for my best interest.
This is also really common on news sites as well. If I come across one saying I need to remove my add blocker or whatever I just go to a different site. Not worth it.
How would they block a VPN? It's just a proxy so it wouldn't be any different than any other IP. It's just one more network jump, acting as a buffer.
@@sor3999 there’s services to lookup information about IPs and see where they’re coming from. It’s easy to spot when a IP address is registered to a server IP instead of a home IP
@sor3999 it gives you the pop up that you are acting like a bot.
I was talking with my brother about this as he started to say that a big supermarket chain in our country doesn't seem to have all the same products in all their locations. I told him that it's something called market discrimination, and it means that, depending on the market they want to serve (aka the people they want buying their stuff), some businesses have different goods and different prices for those goods along their locations, so that they can maximize their profits.
I grew up in one of the richest towns in the entire country. Then i moved out to a middle class town. The change in food quality and my reaction to it was very revealing that I had been living in a bubble.
bruh i always see a product i wanna buy that only had ONE or two left in display.yet they also display a bunch of garbage i never saw anyone buy💀
That example doesnt sound like market discrimination. I might not be a professional about that but it makes sense to offer items in certain areas that are likely to sell and this is just attempting to meet demand in that area. chances are if a product isn't available in an area than market research may have indicated that the region is uninterested in the item so instead it goes somewhere where there is a market for it. Now if lower quality products are given to that market while a similar market receives a higher quality item, but overall the items are the same, then that sounds like market discrimination to me as the lower quality items likely will go to lower quality neighborhoods where people might be more likely to purchase what they can get just to survive while more well off neighborhoods are wealthy enough to be more choosy. Thats just my opinion though.
@@raventhorX well, the Walmart-owned chain that operates here doesn’t have that issue. No matter the location, the stock variety is the pretty much the same and the prices are consistent. The national chain, the one that I referred to in my first comment, does discriminate with their stock depending on the location.
@@CalebCalixFernandez Walmart operates on Planed Economy, as the CEO said himself. There is a book called The People's Republic of Walmart that explains how Walmart works.
Maybe it's less common now, but pre-Internet retailers were also able to leverage discriminatory pricing. They had to resort to coupons, membership plans, and loyalty programs to offer discounts to price-sensitive customers.
Yes indeed
All of these are actions ANY customer can take, and it becomes more of a reward for doing an action. You are rewarded for your loyalty, or your action of hunting for coupons. It doesn't matter what you earn, or what your mood is etc.
If a website tells me "This item is $50, but clip a coupon on the app and you get $3 off", then I decide if my time in downloading the app is worth the $3. I am totally fine with this.
Instead, if the software will detect if I am on an app, and give me cost $47, and if I am on the website it will charge me $50, I do not think that is correct.
Hyvee, Midwest grocery chain, now literally charges you 15 bucks a month for their better discounts, it's insane. And they make the real price on the shelf an itty bitty subtext while showing the paid discount price front and center.
And those things don't benefit you now they just use the data to sell you crap you don't need. 😅
These days, loyalty programs are also an easier way for companies to track your preferences and purchasing behaviors. That could be beneficial, but it could also be used by the company to know how much they can get away with before you refuse to buy.
I worked a side gig as a math tutor for awhile and didn't charge enough.
I found that my students didn't take the "product" seriously.
Somehow this was my motivation to start caring about online privacy. I could care less about personalized advertising and whatnot, but discriminatory pricing is where I draw a hard line.
This is a good update on the old knowledge of cookies being used to track your activity. 10 years ago I gamed this system to get better pricing airline flights. I would use my computer and then delete the cookies. Sometimes the prices would fluctuate depending on which competitor website I had visited previously. I also would go into work and use various different desktops. I would get a wide array of prices on flights that were on the same websites with the same airlines and same times. All completely identical but for different prices.
So I encourage everyone to do a lot of price comparisons. Try deleting cookies, using different browsers, different laptops and mobile devices and use them in different locations like work, library, home, friends house. Even use VPNs. It can save you tons of money on flights and as most other products purchased online.
I search every (expensive) item I buy on a price comparison site, as they are not cooperating with the seller, you can spot dynamic pricing quite easily!
I am not sure how to deal with this. Maybe if they let you leave a review or comment you post what you paid so it is more transparent for others. The problem is the person who is selling you that item will take your review or comment down or at least try to.
I'm sick to death of discriminatory pricing for online groceries. If you're imobile, disabled, don't have anyone to help you and need to eat, supermarkets very quickly push up the cost of everything you usually buy, by 20, 30, 100% in some cases. If you choose a brand that's always been cheaper, watch them push that price up to match the price of what you've previously bought to keep you poor. In a country where you have multiple options, this isn't so bad. Just choose a competitor. But in smaller countries where companies hold market monopolies, some of the most vulnerable people will end up paying more than they should. I want this to be illegal. It's predatory and it's obfuscated in ways that consumers should not have to deal with.
Yup. I live in a gated community and went to buy a laptop online over black friday. I went to a friends house- who lives a bit out there and it was $300 less on the same day. Sent my order in from there.
Don't trust black friday sales. Many times it's actually more expensive. Just think about it: why should stores give the best deals when demand is high?
How about a law that bans most discriminatory pricing?
I say most because for highly personalised items, like commissions or custom orders I don’t think it’s fair to enforce standardised pricing.
You can still introduce standardized pricing on custom orders, because the customization are what you're pricing in, well, a standard way. In theory two very similar custom commissions should be the same price. Just as buying the same product at the same store for two different people should be the same price. That's what discriminatory pricing is. The same item isn't the same price for all customers at that location.
Discriminatory pricing is just an economic concept. It isn't good or bad on its own. For example, public transportation pricing offers discounts for students, seniors, handicapped... even lower prices for those who use it a lot (NYC offers free rides after a certain amount). It charges more for tourists, who often pay day-ticket, or those only use it during rush hours.
@@tonysoviet3692see we have discriminatory pricing by class of people like seniors and students who have limited income. It's the personalized discrimination that people don't like. Sales are another way to sell to price sensitive people. Wealthier people TEND to not wait for sales, but can also take advantage of them too.
how about a law banning collusion of workers ?
@@tonysoviet3692There could be exceptions for certain classes like seniors and kids in certain situations. But personalized discriminatory pricing using data, which most people didn’t knowingly consent to give in the first place, should 100% be banned.
Regarding protected classes they're not allowed to do price discrimination on...seems me a lot of places push the line quite a bit with gender and age. Kids and Senior menus are super common, as are Kids and Senior discounts in general -- and sure they're getting a deal, but arguably that means everyone who isn't a kid or senior is getting price discriminated against. Likewise, a ton of places have "ladies nights" where women drink for free/less...which arguably discriminates against men and nonbinary people. OR the example of how so many women's products are priced higher than men's products but are functionally identical. A clear example of price discrimination against women.
I am 100% for affirmative action, but universities discriminate on price in terms of scholarships along racial and ethnic lines independent of income. Sadly they are never held accountable for anything.
there’s google extensions that help you look at price fluctuations, stay minimal guys!
That's not how the "private" browsing feature works, you will still be tracked, you need to employ other methods
Real life version of this is my local Bodega owner. He never charges me higher because I've been going there for years and know the prices. When someone new comes in he charges them extra so they think that it is the price everytime they come in. That's how I get a 1.25 coffee vs their 2.00
I am 99.99% certain that Amazon already does this...
ALSO: I was waiting for them to mention the "Pink Tax" ~ manufacturing products which are identical except packaged to be marketed to women AND price is raised several dollars higher. (often the package colors are pink or purple but not always)
This is also the case with dry cleaning fees and haircuts whether or not clothes are identical or hairstyle length is the same!
There truly ought to be a government rebate for being female cause you know companies will always do these kinds of things
I saw a "hello kitty" screwdriver in a hardware store the other day. It was very expensive.
Of course, it was a niche item. Sometimes that can account for the discrepancy.
I don’t feel like that’s quite the same kind of discriminating pricing… a woman is free to buy the non pink razor or the plain black screwdriver. They often just don’t. I do agree there is a general markup on all women’s clothes however… but then again women don’t usually buy $300 basketball shoes, bespoke straight razors, sub zero camping gear,or RGB computer components either ( all of which have intangible benefits that target men )
So some of that is simply demand economics
In rural part of Malaysia, you might get slightly cheaper prices at road side stalls based on how expensive is your car. You might pay more if you look rich. So you should keep your old car around!
You forgot that changing laptop and/or browser languages can sometimes result in DRAMATIC price difference. There was an article I read about a person who got business class while flying for the price of economy by switching their language to Spanish from English.
.... but they didn't forget that. They specifically said you can get different prices doing mobile vs pc shopping, Windows vs Mac, and regular vs private browser. It was covered
people don't understand the difference between fairness and satisfaction. Back when everything from burgers 🍔 bus rides cost nickel is workers were making fair wages for flipping Burgers. And more incomparable is living wage.
Doesn't that depend on cost of living
So true. This is why my grandfather was able to have a home, buy a car, raise kids on one income working a blue collar job.
Now it's all "entry level" jobs at retailers who really have zero incentive to give you a full 40 hours.
@@paillette2010 One income was the standard back then, now unfortunately two incomes is the standard. A single male would have been fine back then ...a single woman however, has always been at a disadvantage. We no longer discriminate between our single people, they're all f*ed.
It's bad enough that retailers are considering this, but they remember and/or forget that once people get wise to the scheme, they sacrifice their customer base - algorithms track so (and too) much, but people generally don't like being snooped upon so retailers can maximize their profits. Finally, retailers and algorithms still have to deal with inflation - just because retailers know, it does not mean customers will buy!
There will probably be a baseline of people that are either too lazy or have too bad habits to adapt or develop safeguarding strategies.
@@jeread5193 True (and thank you); fortunately, these strategies don't get us all!
You have a point, but it's just smaller retailers (either local, or with a niche product) who would suffer from losing their customer base (and those are also the least likely to implement this strategy). The likes of Amazon on the other hand have nothing to worry about, as their customer base is planet Earth.
@@0L1 Touche', but to a point: while it is true that Amazon has the planet, even it has to contend with its labor, supply and now, pricing practices. Too many of those among others, and it can get just as easily cancelled. Hence, corporate guard of its reputation.
Was expecting this to end as: "And that's our 1 cent" because I'm pretty frugal.
The channel is actually called 10 dollars but you hear 2 cents
speaking of online dealers, I'd LOVE to see an episode about counterfeits and false advertising (especially in light of Safiya Nygaard's recent video)
Visting a much less wealthy country, it was interesting to see a number of historical sites having a 'tourist price' significantly higher than the price for nationals of that country. Honestly, I don't feel that much objection to them doing that, since if you are visiting from overseas, you are wealthy enough to afford international flights and accommodation in the country (and the different pricing was prominent and clear on their websites, so I was hardly being blindsided.)
Gentrification is a good reason to argue for it. If you are coming from a country with a significantly higher currency value, and you are visiting a very touristy place, the tourists can jackup prices and make it too expensive for local demography, unless higher prices are charged for them. A lot of popular tourist destinations like Bali suffer because of gentrification
In Mexico, the places that have a "tourist price" are all places and events where the funding comes from the government (public museums, concerts, archeological sites). The reasoning behind it is that if you live in Mexico, you already paid for those things, through taxes.
The citizens of the country you visited probably already support the historical site through their taxes, so it's fair to subsidise them
The amount of effort done on gathering data,advertising and social engineering done for selling products is getting ridiculous!
Seems like the market focuses now on improving everything EXCEPT the products! *Why?*
Some stores (lokking at you hardware and electronic stores) price discriminate between online (national competition) and offline (local competition). However, many of those same stores offer "store pickup". So you can order it whilst you are standing in front of the item and watch an employee picking it off the pile and carrying it to the piickup counter.
Hotels love to do the same: walk in customers get milked whilst online the same room is 30-60% less. So I book online whilst standing at the reception and then say "Oh, I have a reservation".
This is very counterintuitive because they have to pay the booking platform a hefty fee, but even if you point that out they won't budge and rather pay the booking platform too (instead of pocketing more money)
Like last months black friday.
Claiming low price but behind the tag is the original price on most Expensive items
Such an amazing video. I have noticed that prices in apps like Uber and Uber Eats that had my AMEX Gold card saved on it were consistently more expensive than my wife who had a lower tier VISA card loaded on hers. Dynamic pricing to screw people they think will pay more for something. The conspiracy theorist in me can't help but think AMEX knows about this and is getting something out of it, what with their monthly "credit" benefit. Very suspicious I think.
Another thing to consider is that Amex fees can be considerably higher for the business to process.
@robnelson6545 I don't care about that. That's for them to figure out how to provide a good value proposition to the customers without deception. Don't tell me you're providing me with a "credit" while you tax me through the back door. I really think these AMEX cards are a scam to get people who are either rich or more often than not trying to look rich to pay more.
I paid a good deal more for my online purchases in San Francisco than I do in rural NC.
Here is another side to discrimtory pricing loyalty programs, and employee discounts. If a company offers discounts to customers that are loyal that is the same as charging those that are not more, just in an easier to swallow package. If the company layers those up with technological barriers to enter or the ability to read and respond certain groups are priced far more than others..
Very noticeable with airplane ticket prices. You can check with different browsers and vpns
i have found that some prices for items drop for me because i have a tendency to fill carts on multiple websites when researching and not buy them for long periods of time, or not at all. One website actually reduced the price of things in my cart after a month to get me to buy them.
It's weird that age is a protected category, but seniors discounts exist.
I'm coming back to your videos after I started following as a kid, and I am so happy to continue to see these sharp, right-side-of-history, cutting-edge (a la conversation around algos and bots colluding) takes. Keep doing great things!
This is just downright evil. and the worst part of it is the whole knowledge/power imbalance. Consumers should always know exactly how much it cost to produce any item and exactly what profit margin the company is getting. We need to legally mandate the disclosure of this information and set a legal cap on profit margin. No more charging literally whatever you want justified on literally nothing.
So if I own a manufacturing facility and I figure out a way to optimize my processes, thereby saving money and thus increasing my profit margin, then I should be forced to lower my price of what I make to offset my reduced costs? What then is my incentive to ever optimize my operations at all? Dumb idea, sorry.
@@tscoffey1not forced. It’s the market 🤪
@@greg5892 Sure, it's the market, but that isn't what mind-of-neo was proposing. This person was proposing a legal cap to a profit margin.
@@tscoffey1Lower your price, sell more than your competitors, profit. Dumb comment, sorry.
We desperately need to pass laws to prevent this! Once corporations decide it's okay to discriminate and turn on the tech to do it, they'll lobby to keep it and raise prices over time to the max they can bleed us for. They won't look at what we're paying for rent, food, etc., and why should a corporation get to decide where our money goes anyway? Turning this back off will be near impossible once it's in place.
I once heard it put this way - turning unexploited vulnerability into exploited vulnerability is the most important way that capital is *actually* efficient.
They have used value for customer to use pricing, they use
Utility method which is simply analysing what value you put into a product/service.
Are they sure it's not just greed?
Yeah, they can find out what you want to buy. And what you need to buy. What you HAVE TO buy.
Bad news if you require medicine regularly, have dietary restrictions or can already afford only one of the cheapest options in something.
online stores in our country somehow do something related to this by not showing the cheapest available versions of the product until the next day of adding it to cart or after you received it the product. one can beat this by opening plenty listings of the product then keep checking the bottom of the page then open a cheaper listing. Keep doing this until you find bottom of similar prices. basically, you don't choose the first/top listings that come up on your initial search/click or tap.
It is pretty awful, I'm getting tired of paying double so everyone else can get a discount. It isn't only online, even home improvement stores near here give you discounts if you're in a variety of special groups.
I used to work at a small business doing t-shirts and when we have jackasses and we would make them pay a higher price if they were rude or complicated with the order. Customers can think it's unfair, but we don't need an attitude or waste our time. If they complain about the price the owner would discount it if they were not rude or anything like that. Otherwise, if rude, all sales are final. We don't need a Karen or a Kevin or mental gymnastics. I mean, 20-ish dollars for a shirt, especially if it's customized when the customers would STILL complain about the price! Yeah, you can get something like that online, but you're getting it in a store where using the heat press is hot, the ink and printer costs a lot, we gotta pay rent or lease for the store, and we gotta design it as well as make a profit and pay me. I really hated working onsite at the job because of the rotten attitudes of the people and I have an anxiety disorder. So I had enough on-site work after 2 years. So, I was a little offended by this video or feel a little guilty. The owner just didn't want to deal with attitudes and again, a small business. So bottom line, don't be a douche bag in a store like that. Otherwise, you'll get a higher price.
Tbh people the bike to a cafe rather then drive in most cases (at least for the US) are being theoretical charged extra than the car driver since the car driver is having there personal vehicle storage subsidized by the bike rider.
I'll never forget the day i saved 80 dollars on a spirit air flight by refreshing the page.
I saved 50% on an uber trip by refreshing it too.
When at Paris restaurant, ask for both French and English menu , they are probably different pricing .
I honestly don’t know what to think of this. On some level I think it’s positive that people with more money pay more so that people with less will pay less. But I also think it’s a bad faith practice on the part of the seller to try to squeeze as much money as possible from the customer
People with more money will pay more while people with less money will pay the standard price.
It's usually not people with more money though, it's people who are more desperate. Think of interest rates and predatory loans.
If you can't discriminate based on gender and age why is it legal for car insurance to charge men and younger people more? (I know statistically men and younger drivers are in more accidents, but it's still not fair because it would be absurd to use discriminatory prices based on ethnicity)
Slight correction. Women more overall accidents, Men more deadly accidents. But on that note why do I pay the same insurance rate as an alcoholic! Completely unfair.
I love her denim black dress! She looks super comfy. 🥰
When I lived in China, I was charged more than the locals. My wife is Chinese, and I'm Canadian; when shopping at the mall, she asks me to have a coffee somewhere while she shops. Why? Because if I'm there, the foreigner, all the prices go up, and she can't bargain.
I'm so happy I live in Europe... here businesses must have their prices afixed
That usually leads to higher prices.
@@ikhbjhbkm5every business must have their prices on a visible place, barbers, restaurants, banks, car repair shops. Higher maybe but no surprises
This is one of the most underrated RUclips channels on the web. We need more educational channels like this.
You could always take a screenshot of the proof and show it to people
Why do I always get the feeling that merchants and manufacturers would rather burn their own inventory than to see the consumer benefit from a discount?
Does Amazon do this? There are products that i buy on a regular basis such as kitty litter and the prices keep going up incrementally :/
I assumed it was because of inflation but now I’m wondering if they’re using an algorithm to figure out what I’ll tolerate and willing to pay.
Maybe I should become a member of my local Buy Nothing Facebook group, just to send the message that I am shopping around.
sounds like we need a browser extension that tracks prices across sites and people
One place discriminatory pricing is wide spread is software distribution, particularly video games have historically, and still commonly do differ in cost depending on regions.
i dony buy anything on amazon. i only use online shopping for hobbies (that is, guitars and effects). i also dont buy much stuff in general. my cusp-Boomer granparents (56/57?) always bought a lot of junk and i always hated it. and consumer surplus is so low right now, even if i wanted to i couldn't buy anything. i make 20/hr
I feel only one of the examples you gave near the beginning is truly price discrimination. That being the car salesman part. when you mention the hotel and airline tickets increasing during a holiday I don't see that as price discrimination because during those times people typically are more likely to travel and need places to stay during their stay which uses up the limited supply of airplane seats and/or hotel rooms for that duration of the holiday. Because of this it looks more like a supply and demand issue rather than a discrimination issue.
No they said that the price of airline tickets change based off of your browsing habits, what kind of computer you use, your location etc. 100% price discrimination.
the best example of discriminatory prices is price difference between different countries
Another tip for online purchases: block ads and cookies and don’t login when you browse items. Only login when you go to buy and verify the price.
This is why inflation really happens and why rent is so freaking expensive everywhere!
When I transferred to the US, I asked HR to recommend a furniture store, there I saw a sofa but they quoted me $4,000 for the sofa which was more than I was prepared to pay. After work, I met with a friend who was a Caucasian transferring from the UK and he also went to the same store referred by HR and saw the same sofa but he was quoted $400, plus an armchair and side table was tossed in. I literally sat in the same sofa that night. I have no doubt that the different pricing was because I'm a visible minority without a British accent... After that, I stuck to the department stores where the prices are set, fortunately, Ikea opened in the city a few months later. I'm not happy with the individual pricing on the Internet but at least it will be by algorithms rather than racial bias though it is possible that ethnic last names might drive some of the AI especially as we don't know the rationale behind their decisions as it's learned from bulk data which from our studies in AI learning, reinforces cultural bias.
College tuition differences aren't discriminatory pricing. The listed cost of attendance is public info and the same for everyone. The discounts offered can vary but the price doesn't.
I was surprised that they didn't point out (as other youtubers that advertise VPNs do) that, apparently, a VPN can be used to get better prices for flights and hotels and hire cars and the like if you change your apparent location. (Basically for anything that doesn't need to be delivered to your door physically)
Positive results aren't consistent anymore.
Sometimes the VPN user just gets the highest prices.
OMG, the tracking has gotten out of hand. I've even gone into the store, and picked up an item, WITHOUT MY PHONE ON ME, and had ads for it appear on my phone, no lie. I think they have a system that actually goes thru the cameras now, like Person of Interest. I am not joking. Test it yourself.
I try to spend little as possible as broke person I use websites that show different prices in online stores to get lowest price in things.
Consumers in California are charged more for just about everything.
I was thought rude to a seller once because I had I had a sore throat. Never knew this. Although I love haggling for my hobby.
There something these folk forgot , is that price fixing is arleady here , look at rental property .... everyone decide to increase prices all at once
Being happy about your price until finding out someone else paid less sounds similar to employer policies on not discussing wages with coworkers. You're happy with your salary until you find out the new-hire is making more than you. But that's a whole other video.
This seems to be something mostly done by Amazon, drop shippers and large retailers rather than small businesses. I think one of the solutions is to boycott Amazon and shop from small businesses as much as possible.
$5 bottle of Gatorade from a food stall on 5th Ave NYC. Criminal
wow 😯 i didn’t know that, interesting law question, would that be a violation of competition law? my opinion: yes, because the person who programmed the AI circumvents „the traditional“ pricing allowed by law.
In Steam, games are sold in vastly different prices in different currencies
Sounds like we need new laws and a stronger FTC.
But my guess is we will have the market fix this issue for us. As in businesses will adopt the tech, and eventually, consumers will create an opposing set of technologies. Where many people are taken advantage of or pay to not be.
@@stef4268 I'd prefer the markets to be competitive, but sometimes they are a tad naughty.
This sounds like an arms race of technology and strategy, where the end result will be people spending time and money to try to get a leg-up on the other side, with the final result being that we waste a lot of time, money, and resources while ending up back in the same spot. It is far more economically efficient to ban discriminatory pricing for most products, e.g. for non-customized products, than to insert a bunch of complexity into both company systems and consumer habits.
I’m overcharged in 80% of cases but I don’t mind since my salary is 10 local median incomes and I spend only 10-15% of whatever I earn. On big buys I bargain, on the small ones I don’t even bother letting poor ppl to make an extra dime
Thank you for making these videos
Can you link the source to the study you mention at the ends about the algorithms colluding to fix prices? Thanks!
Amazon clearly does this constantly. Greediest retailer in the world.
Y’all are missing a plethora of information concerning the shops in low income areas and just making it seem like those shops are trying to screw their consumers over.
Obviously you've never been to Thailand. Here they do charge by race and it’s posted everywhere you go. Most items don’t show a price tag and they will charge more based upon your skin color. Land of smiles 😅
What did you do to the mustache? Where are you hiding it?
dynamic pricing cannot used for all products and services, wasn't the internet supposed to make a lot of these situation transparent.
Fast food apps use a form of discriminatory pricing by making the menu more expensive so they can offer discounts on the apps to reward repeat customers.
Guy doesn't go to barber anymore to save more money
3:12-That's just like progressive taxation.
Spoiler alert:The lower prices won't appear.
"For some reason, they think MacBook users have money to burn.".
Most least obvious burn I've seen in a while.
You owe me $1,000.00 for watching this.