Ground news is trash. If you need some government funded website to find out if s story is true, go touch grass. We don't need you here on the internet
Insurance companies love to do this. I moved from one suburb to another in the same city. The neighborhoods were fifteen minutes apart and both were upper middle-class neighborhoods. My car insurance went up by 20%, apparently because my new home was in a "high accident area".
Same happened to me, duento life events i went back to my parents and changed the address to keep my stuff insured Apparently living at a place thats safer is more expensive, because "reasons"
@@BeverainIt's so predatory and fucked up. People are being enslaved under the illusion of having total free will and are none the wiser. Insurance companies particularly piss me the fuck off especially considering a lot of them have guaranteed sales due to NOT paying them being illegal. They're basically a new kind of tax.
I proved a point to a dismissive friend after trying to explain online privacy and why he should take it seriously, I challenged hiim to find the cheapest flight from the UK to Paris on his Mac laptop, I used my heavily privatised desktop, same flight was 40% more expensive for him, and this was ~4yrs ago. I price check everything I buy online to find the cheapest, I've not managed to find anything to buy on Amazon that wasn't cheaper elsewhere for >10 yrs. You pay a price for convinience, soon it will cost more than just money, it will be your liberty.
Cool story. I'll take shit that never happened for $200, Alex. Your personal time must mean very little to you. I understand on big purchases to see if you can save a few hundred or even thousands, but not on stuff below a $100.
I price check for work. If you need something cheap but not very mainstream, like a couple thousand red dice without the dots, Amazon is the best. But you might have to check both France and Germany. (I work at a theatre in Sweden)
Reminds me of a small game called Recettear (with a famous line in it being, "Capitalism, ho!"). It's an RPG/shop management game and during the the shop phase, I slowly got a feel for what price everyone was willing to pay for items and would essentially engage in price discrimination. It was very blatant when the rich arrogant girl would try to buy something and I would always jack up the price for them since I learned they would always pay it, no matter how much they complained. It's part of the game but man thinking about applying it to the real world feels super scummy.
The way price discriminations is marketed so that the most vulnerable of us is convinced that it's benefitting the consumer feels like such a tried and true tactic that I don't really see any hope of it getting less malicious and targeted
No disrespect man but I don't believe it'll cost more than $70. There will be several different options at various prices but the base game will cost $70. I'm not saying your take isn't possible but I'll SS this and add it to my calendar for 12/6/25. May the most accurate guess be considered lucky! Cheers
@@iHeArTgOaTsE $70 is still an exhorbitant amount for what really is just petty entertainment strapped together by people more concerned with selling their product than delivering a good one. Games are very rarely worth that much money. This is easy to see if you plot the, for example, metacritic or steam reception of a game and the corresponding price on a graph. Expensive games above ~45$ are much lower rated than the
@@A_Simple_Neurose I've bought plenty of games for more than 30 bucks and they were very well worth it, latest example would be Diablo IV for 100 bucks - took three weeks of paid time off at launch and played it for 354 hours. Even if I never touched it again, which ain't happening, it still would've been more than worth what I paid. And as for 70 bucks being exorbitant ... I dunno, if I take SNES game prices from the late nineties and adjust them for inflation, we'd be looking at triple A prices of 100 to 150 bucks for the base game. 😅
except we shouldn't be using past games as an example. Just because it was different in the past doesn't mean it should be like that now. By that logic if Games started to cost $150+ it would be "perfectly normal." Games just jumped $10 in price for no reason while still making more money from microtransactions (especially in Diablo IV), digital sales, pre orders, and more. That thinking just gives them more leeway to be greedy. It doesn't matter how good the game is. Especially with today's industry nothing is worth that price. They're companies. If they could make every game cost as much as the console they're on and still make the same amount of sales they easily would. They aren't your friend. (And besides. I got my favorite game from a sale for $10. Being a patient gamer is good)
As much as I loathe price discrimination, the one that REALLY sets me off is Shrinkflation. Would absolutely LOVE a video from you about that topic @uppperEchelon . Especially after how insanely common and widespread it is.
Yep i remember learning about that in my intro to micro. Its crazy but unfortunately a) it works and b) people fall for it all the time because companies can be nefarious in their dealings like shown here. data collection is unhinged right now.
@@FuckGoogle502Why? Everyone needs to start somewhere, and it's not like most people understand economics out the womb. I think if people thought of economics as a fluid/liquid (hence all the liquid-oriented names like bank, cash flow, liquidation, curren(t)cy, etc.) system of exchanging the market equivalent of potential energy, it would be easier to understand. I had to drop out of my intro to macroeconomics class in college because I couldn't wrap my head around it. Once I learned on my own organically and also through experience is when I started to "get" it. Honestly a big thing I got stuck on was the supply/demand graphs - I was so conditioned to always use the X axis for time from science and math classes that I just couldn't even understand that the X axis isn't always gonna represent time. I kept unconsciously seeing it through the lens of supply over time or demand over time. To be fair though, it doesn't help that the teacher was incredibly dry, monotone, and uninteresting to listen to, so it was even harder to look past my assumptions.
Tinder did the same thing here in the Netherlands. Up until a certain age you pay far far faaaar less for a subscription. You paid 15 euros for a whole month. Then when you hit like 30 I believe it was, you suddenly had to pay a crap ton more. Even when checking right now the price is set to 14 euro's per week, for tinder gold. They got a slap on their wrist by the dutch watch dog, their excuse was "By then you work, thus you can afford to pay more" greedy bastards. So for a month you now would pay 56 euro's, for that money Tinder should guarantee you get a date and offer two drinks with it gjeees. No idea why that company is still allowed to operate here when they got slapped before, they should just outright deny the company any place on the market here for price discrimination like that.
they got slapped AND paid it, its exactly why they are still allowed to operate, and the gains from the practice probably outweight the possible fines, so win-win, they get more $, and government can ocassionally listen to people and slap them with a fine tinder will happily pay :)
Also I saw from one Louis Rossman anti-sponsor (he simply roast a company) that Lyft was charging him money for nothing. So, not to say that you should scrap Lyft (though idk if Uber isn't worse), but that you should look carefully at what their doing.
Kroger did this when there was that mass Food stamp increase a few years back. They just came out and said that the poor people on benefits now had more to spend so they were entitled to increase the price to ensure they were increasing profit through reduced sales =( Super legal in the states =( I think the court that saw the event said it was "Entitled Profits"
It's the real reason working class people don't want food stamps to go up. If we don't have fixed pricing, charity becomes profitable to companies (I am not advocating for fixing prices either.)
Probably the reason why even fast food is so expensive now. Those restaurants began accepting EBT cards. They know the government is subsidizing their food choices. So they can get away with charging more money.
So im currently without a car so I uber to work and back. It's a 5 mile trip one way. This has been going on for four months and Ive seen the price go from 8-9$ one way to 16-18$ one way consistently. I started looking up what was happening and apparently there is price manipulation on Ubers behalf. I have since started doing lyft or just biking more and the price has dropped right back to where it was at when I stopped relying on them.
This is a practial and real world example of apps collecting every single piece of data tha they want and using it against you. This is horrifying. PRIVACY MATTERS.
@@voidimperial1179The problem is that line of thinking makes "sense" to most people, to the point where I have an extremely difficult time convincing anybody that this isn't just crazy paranoid delusional thinking. It makes me feel so alone. I get looked down upon for knowing uncomfortable truths and being willing to try to help people by sharing it as much as I can. Sadly that hopeful impulse in me has died over the years and now I'm a lot more reserved with what harsh truths I bring up in conversation. Heck, I still get burned for it because I often just can't help myself. It's depressing being pushed away over and over and over and over and over and over and over... And on and on it goes. Punished for being honest and trying to do the right thing. If this world isn't totally fucked yet, I sure hope it doesn't go past a point of no return.
Price Discrimination is another expression of “surveillance capitalism;” and it’s legal because the corporate capture of the nation-state controls the narrative.
I hate to be the bearer of bad news... but... Capitalism has, since its induction, been the greatest tool of public exploitation. People often mistske current living standards as a result of Capitalism, but its actually industrialism that's largely responsible. Capitalists have been skeezes since the beginning, and that's certifiable.
@@WilliamMcAdams I agree, and sorry for any confusion - I didn’t intend my language to appear sympathetic to capitalism - I’m actually an eco-socialist. Cheers~
@BigMikeGuitar Ahh. All good. I like communities producing goods and services for one another, guilds, and merchants. I'm not a Capitalist, Socialist, or any other modern economic philosophy. I'm just pre-1500's. Whatever you would call that.
My solution has been to just avoid using the services and retailers where price discrimination is particularly egregious. I don't use ridesharing apps, I avoid shopping on Amazon and always compare prices/check price history when shopping only, and I only very rarely ever fly. I realize though that with these shady, intrusive tactics becoming more prevalent, it will become ever harder to avoid falling victim to them.
I noticed some of these discrepancies. If I message my friend about going somewhere at a certain time and checking to see the fare, when it was time to go the prices would always be higher. When I stopped checking or mentioning specifics it stopped doing that. Then when it caught on, it would start out with the high fair. I would close the app and wait a few mins then the price would go back to normal.
adblock, script blocker (umatrix), regulary deleting cookies/browser data, dont use the same email every time... some things can be done, but tracking on (bank) account side is difficult. its a sh*tty world
If you're married or live with someone, you can check for price discrimination by searching up products on the other person's account after doing so on your own. It's unlikely that your purchasing will match your SO's or roommate's. Of course, that assumes you have separate accounts, which you _absolutely should._
Not a bad idea at all, BUT wait till GPS influences the algorithm. It already shows up to me when looking at Facebook recommendations and people pop up from places I have visited, vs friends-of-friends. Edit: this is also why we are getting conditioned to not be allowed to use the dislike icons, why socially we are getting conditioned to make disagreement=conflict and why shadowbanning is so detrimental to social contracts as well.
It’s kind of sad that what used to be used as a safety net (both SOs/spouses having separate accounts so one couldn’t steal from the other) is now being used as a way to circumvent the creepy crawly world of price discrimination and government control. >.
@@gregpenismith1248 I'm on the same network as my wife and her browsing and social media has zero effect on my ads. It's not the network, it's the accounts and the browser (if you use Chrome) that track you.
I cut the cord for a variety of reasons, but one was Comcast crowing about providing free and low cost high speed internet and cable to “the poor”. They werent providing crap…they were heavily overcharging customers like me, and didn’t lose a cent of profit providing services to “the poor”.
thing is, it raises the floor price, I definitely keep to a tight budget but there's a number of times that its hard to actually find a lower price. guess we're going for a no buy year.
Glad you have it on lock. Each one teach one. You ain't done. Have we accounted for disenfranchised elements driving into your neighborhood? I know, you Park in a garage and have nest cams,etc..
btw this functions in Czech Republic in global scale where EVERYONE is milking czech citizens because they are "willing" to pay, so we pay even 2-3x more for basic items compared to Germany or Poland
We are a special market, that likes to get fucked on price and quality of food. Not to mention carriers. But hey, government spending is up! Let's ignore rising poverty rates.
Let's say in Germany you sell 10 times more of one product then in Romania... So from selling more in one region you can reduce the overall price of the product, that doesn't mean that you can't be screwed if you leave in a less develop part of the world... Just my thoughts...
@@halfandhalf5160that the house alwasy wins. In my ccountry there have been a few document cases of online casinos faking glitches to stop winners from winning or changing bet ratios in favor of the house on sports events. This means that if the rate was like 1 to 100 for you. By the end it would be 1 to 10 because the bet was not locked in when the event started... It's another way to cheat that in some countries is "legal" because there aren't strong laws against it since betting is kind of o the edge of law...
As an outside observer of this comment section, there are only two visible replies here, one from half and half, one from ghost star scream. It seems UA-cam doesn't like the topic
I had a cowoker whos rent was similar to this, it was tied to her pay so if she earned more they charged more. It was a town housing program for low income people though.
Yep. Same here. It genuinely sucks. The moment you feel like you're actually making some economic progress you're suddenly hit with a significantly larger rent bill to match (in my family's case, it's almost doubled). It's a bit counter-productive too, as my mother actively encourages me not to work (at least until I'm properly registered in college) lest that gets counted towards our rent as well. Isn't the stated purpose of such programs to encourage people to do better so that they can eventually move out? Clearly not if this is the result.
I haven't experienced this myself because I don't buy plane tickets, so take this with a grain of salt; but I've heard that airlines engage in first degree price manipulation by seeing if you've visited competitors sites or came back to see the same flight on multiple days. They also change the price depending on how much time there is until the flight. In relation to what you said at the end about destabilizing your online presence, I read a cyberpunk book called _Feed_ by M. T. Anderson, where everyone had a brain implant that gave them a constant feed of data. Spoilers ahead, in case anyone cares about a 21 year old book. One dissenter disrupted the data gathering on them with erratic behavior and then when a malfunction in the implant threatened her life, the company decided to not help because they had no profile on her and didn't want to help someone who's not a consumer.
I learned it a number of years ago, when by accident I searched for flights from a corporate machine. The results I got were significantly cheaper than what I found the following day when looking it up from my own pc. Puzzled me, so I went back to the corporate laptop and guess what? Had two prices for the exact same change. And guess what I got when I searched for it through a travel agent my company used back then? Even cheaper. So yeah, the flight industry has been using price discrimination for years. It's just that most people don't have the knowledge or possibility to check that it's a thing.
They do this 100% I have a laptop i use pretty much only when i need flights lol, it has no data on it whatsoever, no browser history, cookies, nothing its way cheaper usually than my phone and pc
I do t understand why corporations don’t understand that maximum profits means maximum success. Ruining the economy by draining your customers dry will not bode well for the future.
Ticketmaster and their 'dynamic pricing' nonsense comes to mind. The Judas Priest and Sabaton show coming up to my state next year has a seating arrangement. The balcony seats are about $100. The floor seats start at $110, and the front row seats are over $900. Ticketmaster decided to play the role of the scalper.
Excuse me, I'm not a millennial or gen z happily, but yes due to my usually better knowledge of life due to this, I have to ask at times like this, what the hell does sbmm mean?😂
@@DDXofficial I think I get the basic gist of it from your comment, but I would like to know more, even if it is just in a nutshell. But thanks either way.
This is another one of those times I am glad Germany takes privacy so seriously. Maybe even the EU will put an end to this, to extend their string of recent wins over big tech.
We need to start talking about these things more so that we can actually raise awareness on how powerful and manipulative these companies are. Many provide valuable services but many are just designed to take your money because they can (and know they can)
This has always been an issue but it is on another level when online. I'm from Australia and almost everything is priced at the maximum of what people can afford. Finding a good deal is basically impossible these days outside of one on one trading.
The internet has created more competition for the same products. For example, before the internet, if I wanted to sell my car, I had to place a For Sale sign on my car. And the only ones who could see the car were people who lived in the neighborhood. So there were only a few potential buyers. So sellers had to accept what was offered to them. Now, if a person sells their car online, that same car will be seen by thousands of people- even people from all across the country. So the seller has more power to raise the price, because there are more people who want it.
So what you're saying is I could train an AI to do online browsing for me in such a way that it will decrease my prices for everything across the board?
This is what happens when the masses DGAF that their personal property (information) is being stolen. The masses don’t even understand that there is no difference between having their personal information or wallet stolen. Every time somebody’s personal information is sold between corporations they are entitled to a cut of the sale price (a royalty). It’s forgivable when the corporations were stealing it covertly however, everyone is aware today yet has no issue with it! That is unforgivable. The masses are far too quick to trust perceived authority figures they’ve never met yet have almost zero trust for family/friends. Coupled with the deliberate dumbing down of the masses by the authority figures they naively misplace their trust in, the masses will be happy despite having their health and wealth destroyed by the same authority figures. While thanking them. We are all living in the real life version of ‘The Sims’ computer game but only 20% know it and know how to escape it. The problem is 100% will suffer equally because the 80% will never figure it out. That’s what democracy gets us - Marxism.
@@GH0STST4RSCR34M How? I mean, as long as you don't mean "logins and passwords" with "internet data", how is it the same as "ID/bank stuff?" With "ID and bank stuff" one could literally empty my bank account and cancel more or less every important contract of my life (apartment, work, bank, health insurance, etc.) How is that anywhere _close_ to being overcharged based on your purchase history?
I was looking at a pair of pants online last week, saw one I liked, was priced at 26 bucks. Looked again today, price was suddenly 35 bucks. I then went to the site on a different device using a VPN, and without logging into my account on said website. Price? 25 bucks. WTF?
I've been using uber for a long time and I've noticed a huge price increase recently. Like, really big, 50%. Sure, inflation is a bitch, but not as much. I wonder if the algorithm determined that I can afford more and started charging me more - after all I cannot compare prizes to different people if we are not trying to go to the same place at the same time. I'm switching to bolt, gonna save my money
I like eBay because you can compare prices from the same product coming from different vendors, though I know that eBay is the lesser evil not the better option. The more we move forward, the more sense makes cash again…
It's absurd that this isn't hyper-illegal yet, especially given how brazen and extreme it often is *cough cough, airline tickets*. It's one thing to utilize general customer data in setting "a" price for something, even one that rapidly fluctuates; that's just how selling stuff works. Calculating out the exact maximum amount an individual is willing to pay at a given moment, abusing information said individual never (knowingly) agreed to have used that way however, sounds a lot like straight up fraud.
Yes. That’s how it works. If I’m selling a table for a grand and people buy it then I have no incentive to change. But if I’m selling a table for a grand and no one is buying it then I’ll need to change or go out of business. It’s not that hard to understand. It honestly sounds like you’re saying “They FORCED me to spend 50 dollars” instead of realizing that you DECIDED to spend 50 dollars.
This is why I only buy things directly from manufacturers on their websites instead of through third parties unless a product that I want is discontinued and cannot be found anywhere else.
This is insane. I love channels like this that act like an immune system to inform and check these cancerous companies that won’t stop at nothing to take everything they can from us, in like what feels like a never ending fight
"Gloomy perspective" or not. That is the price people pay for unrestricted data harvesting; And the mass blind acceptance of it all. Scary stuff none the less.
This happens in Brazil, we have a hidden dynamic price in a few sites that depending on the device you are using you will see different prices. Apple devices in general shows highest prices for the same service (e.g. a plane ticket).
I always complain about price discrimination. I largely shop in physical shops and use cash whenever possible. Loyalty cards that let you have better prices are causing the homeless to have to pay more because they can't get the card because they have no address, I thus refuse to use the cards and complain about it every time they ask if I have a loyalty card. This problem is not limited to online shopping and big data.
Loyalty cards are big data. The purpose is to collect information on your product preferences and to sell a narrower variety of niche products without losing customers.
Not so fun fact I work in retail and one of the classes they had me take said this "Eliminates the chance for customer to say no: 90% of customers will enter their information to enroll if told to do so vs being asked if they want to." That was said word for word, this just reminded me of that
Agree 100% and as you said UE price discrimination itself is not the problem its the predatory algorithmic based version that will be used to extract as much as a person is willing to pay. It's unethical period. I have no problem when people manually adjust prices though, that's just supply and demand.
@@Frenchdefense9404 Gender wage gap is Marxist sophistry. It has been long disproven since 2015. It fails to account that women _on average_ choose to work less hours than men per year and often choose careers that are paid less than others because of the different skills required. Anyone who claims there is a gender wage gap should be ridiculed for being up a long debunked myth.
I could see the current trajectory leading to browser plugin services, where in exchange for viewing some ads, you get to use their plugin to spoof your session using a persona that is being constantly A.I. tailored to pull the lowest price on whatever store page you're visiting. That situation will last until the big retailers get the laws changed so that you have to give them all your data, and not fake anything.
I may be wrong, but wasn't there once a chrome plugin that rather then just blocking tracking cookies and browser fingerprinting, actively fed random junk to the trackers? And Google banned it?
@@yeahgirl11 It sounds like AdNauseam, which discreetly "clicked" on every ad on the page to feed junk data instead of making them able to pinpoint your identity based on what you would genuinely click.
@@yeahgirl11 its called AdNauseam, need to get it from their website tho cuz like the other person said, it was banned from store Its very based becasue you waste companies money by making them pay for the click It basically clicks on every single ad you get served, which makes your profile entirely meaningless
This is real journalism with actual research, and in an ideal world this should get much more exposure, on the other hand essay channels just speaking word for word from some article will often get too many views because they don't have any actual research to do and work like a content farm
15:27 Pausing to read the article I notice that it says “Mac users are 40% more likely to stay in a 4 star hotel room” sounds like that would contribute to the 20-30 dollars they spend more than PC users. Oh, and it also says that when Mac and PC users stay at the same hotel the Mac users pick a more expensive room.
Telecom companies: "Good morning, hope you are doing well, we are reaching out about your current phone plan, is no longer present in our current catalog, would you like to update to newer plan?" Me: "Is it gonna cost more?" Telecom companies: "Yes, but the difference is marginal, and with the newer plan, you'll have access to updated offers for financing the latest smartphones in t he market." Me: "I am not interested in the offer." This is one of many ways, I've been seeing Price discrimination, and my plan is only one year old
According to economic theory, the actual prices comes from the difference in valuation between the good and the money spended, the consumer accepts the price, buying the product when the good is perceived as more valuable than the money spended. Considering that, naturally the seller will try to get the most out of how the consumer values the product. In a world with "price discrimination", as the buyer, you should take the precautions to not be desperate and therefore, vulnerable to a higher price for a specific product and take the time to think about cheaper solutions.
Interestingly, when capitalism does it it's called "price discrimination" and is unfair and exploitative. But when socialism does it, it's "to each according to his need, from each according to his ability" and it's a good thing. Can't wait for us to get to the 'just' world where you request some service and rather than a corporation telling you you can't afford it, it's the government telling you you don't need it.
I see a business opportunity. Sell access to curated online personae designed to minimize first-degree price discrimination and maximize second- and third-degree price discrimination. For any given company, attempt to discern the factors that result in the lowest prices their dynamic pricing models will offer. The pitch is that you will save money in the long run. Morally, providing the same price to everyone for this service and ensuring that clients save money in the long run is enough. This could also be used nefariously.
I feel a tie of price discrimination and in with how dating apps use their female consumers as product while milking their male consumers for their profit would be interesting to hear from you.
It's too bad that our political "leaders" no longer serve the people (and haven't for a very long time). Otherwise, I would think it would be a no-brainer to add this practice into the definition of price fixing and make the practice illegal.
And some dumb people thinks socialism or communism can fix greed out of humanity. As if giving top brass even more power suddenly going to make them generous with their authorities via in-game interger overflow.
@@cy-oneThe difference with kings and modern politicians and presidents is that the people in the past, backed by the Church and nobles who are obligated by the Church to serve their Lord and people, know who is directly responsible for the bad decisions done by the king, and the king can't hide behind others when he makes bad decisions. The clergymen and the nobles would also condemn the king if he steps beyond law and tradition. In modern politicians, because of the erosion of a moral foundation and tradition, they aren't really obligated to serve the people and get away with lying when they have a lot of support by other politicians and people who would even vote a rock in as long as their preferred party is attached to the rock. Also, when a politician fails, they blame the other side and other parties, when in Europe for not helping the people enough.
Now imagine price discrimination combined with a social credit system. Despite having a decent income and being careful with your money, somehow you're still almost never able to splurge on much of anything. While your friend who doesn't have much of a steady income, somehow can afford to spend money irresponsibly without ever budgeting. Main difference being you're a critical thinker with some political opinions an authoritarian regime might consider problematic, while your friend don't really have any opinions that could be considered controversial. A perfect system to encurrage submissivness and punish skeptesism. "Smile to your overlords and luck will come your way".
End game? This means that the cooperate collective will decide what life style the people should live and how much income you need to have to survive and enforce that through price and access to products. I swear every year it becomes more and more obvious that people are using the literary warnings of our past as speed running guides for our future.
in places where haggling is common, people are wise enough to know what they are getting into beforehand, and go in with an expectation of what things are worth to them. those who aren't accustomed to really think about economics and the nature of value aren't as good at recognizing bad deals, and so the saying "a fool and their money are soon departed" comes about. all i can say is that they probably should have known better, and now they hopefully do. it'd be a problem if they couldn't haggle to reduce the price, though.
I believe the rises and falls in amazon pricing have more to do with supply than demand. If a warehouse has a glut of something the price goes down. If there is one left the price goes up. Also Amazon the company one controls the prices on part of items sold on their marketplace.
I find it hard to believe that 2nd degree price discrimination (based on the definition provided here) is acceptable. I feel a tinge of annoyance any time I see discount coupons, be it on the back of a shopping receipt or a "7th coffee is free" card. It's just advertising to me. And if they can afford to provide those discounts, they should just set a lower price for every one of those products. Coercing (and therefore forcing) customers to buy more than they need to "save money" just increases the odds of food going to waste. Especially single folks.
> Coercing (and therefore forcing) customers to buy more than they need Do you really think people are such water-headed, N-Cattle that seeing an ad forces then to do something? If they are they get what they deserve, no sympathy.
Theres a pretty easy rule to figure out if something is acceptable: Does it make the company money? Its acceptable Does it not make the company money? Its unacceptable
One fascinating bit about this whole price discrimination thing is that in a weird way it amounts to a form of capitalist inspired socialism. By charging those who can afford it higher prices, the more well to do are essentially subsidizing the poorer members who are less profitable, or may not be profitable at all, but may be considered a sunk cost to facilitate covering an entire geographic area and to not get bad press. Not saying price discrimination is a good thing, but it is interesting that it works out to be weirdly socialist in this context.
This is some good shit. As someone who has a degree in psychology its pretty disheartening to see that companies have teams of psychologists working to exploit people while any given random individual has, at best, a personal psychologist or therapist to help them deal with mental illness and help them see the world in a normal manner. Only proper media and influencer coverage like this can hope to help level the playing field. They have the benefits of paying for studies and keeping them private while most people are at the mercy of media figures digging through usually hard to find or access studies and laying themn out for all to see.
That's old. I learned the best price for Uber when you left airport is to go in a 2 streets far from the airport. I saved more than 15$ easy on that. If you don't mind to walk, this saves you a lot
I've been aware of uber's location-based pricing for a while, opting to use it when going from home to the train station, but if I want a return trip the price triples. But just yesterday I had an incident when the price tripled when I wanted to go back from the dentist during a snowstorm. I decided to tell it to fuck off and walked home
Yes it happens everywhere, in Indonesia where prepaid internet still exists, the internet providers will charge you more simply by the fact that you actually top up the credit to buy it directly to your phone number, I have to jump through multiple hoops to get the standard pricing.
I still think the only solution is for people to learn the value of what they buy, not just the price. This is impossible in a world where we are showered with millions of "new" products.
I work for a cable company and they give deals in areas where there is Verizon Fios as a competitor. Long term subs, with no competition in their area, are given the shaft. No deals.
7:16-8:01 To keep this simple, but accurate: 1.Uber, in this Case, was willing to mimic the Behavior, the Feds are known for, in order to counter them, without having to deal with the Stigma, the Feds have. Example: If you can't beat them, join them, hopefully without the Downsides included. 2.They are not the only Company, that is willingly resorting to these underhanded Tactics. I don't find joy in being able or having to be intentionally disrespectful. But i guess that comes with power as an adult. It sounds cliché, but I have to make the best possible out of my life for the people who have been there for me in times of weakness. The only expression of respect I deem worthy of it. @Upper Echelon The Standard you set in the Outro. I will try to live up to that. Wish me Luck there.
And there's also sex-based price discrimination, like when woman have to pay more for the same razor but with a feminine packaging, or men have to pay more for the same subscription on dating apps
There is no such thing as a g_____r wage gap, gl*b*lyst sophists! That's been disproven thousands of times since 2015. This is due to the different processes used to make women's products, including more expensive paint colors. Edit: I meant to say "pink tax", not "wage gap".
I would like to note, I feel like GenZ are also painful aware of these kind of things... at least the one's who care/cared about their privacy at one point. We grew up with devices and the Internet, and therefore know how to use them, and have to high potential to see overwhelming flow of information all the time. Probably one of the factors as to why people say GenZ are depressed
The food industry has been doing this for years... banana's and lays chips are the biggest examples, they're much cheaper even when converted to USD in other countries then they are in North America. It shows they can easily sell them for much cheaper but they choose to raise the prices in countries that can afford it.
Funny how that example at the end just sounds like everyday life to me. I make a lot more than i did as a teenager but ive never felt like i can afford to do anything else
If there is single urgent case against mass data harvesting and online tracking, this is individual pricing for products and services! Even the normies should take serious note on Internet privacy.
I'm all up for charging billionaires £20,000 for a cab instead of the £20 a normal person would pay, but when applied to poor people to squeeze every extra pence from them or applied to medium income people to make them feel like they're poor people (barely making ends meet), it's very insidious. The government really need to introduce some kind of anti-greed laws. There are so many things that in principle could be used well. Like I said, charging billionaires who don't care about prices much more for goods and services would be a good thing because it would help return their unreasonable hoard of wealth to the economy and not impact them at all due to their unreasonable amount of wealth. Or profiling in order to suggest options that make the most financial sense to poor people, so as to help them afford everything they need on a budget. The real problem is that corporations are always tuning these systems to screw over anyone and everyone so that it can return the highest profit to the corporation. Essentially, their greed takes these good systems and cranks up the volume until everyone's ears are bleeding, all so they can go around and steal wallets while everyone is writhing on the ground in pain. To be fair, knowing billionaires, they'd hire specialists to craft poor profiles for them so that they'd pay the minimum price on everything, because nothing says billionaire like saving pennies when you already own more than some small countries.
Go to ground.news/echelon to stay fully informed. Subscribe through my link to get 30% off the Vantage plan for unlimited access only this month.
holy shit
Today is the day that I go dark. Goodbye, everyone.
How are you not using 12footladder to read paid articles? Cmon mang.
Ground news is trash. If you need some government funded website to find out if s story is true, go touch grass. We don't need you here on the internet
You and LegacyKillaHD should do a April fools together and post the same story on each others channels.
Insurance companies love to do this. I moved from one suburb to another in the same city. The neighborhoods were fifteen minutes apart and both were upper middle-class neighborhoods. My car insurance went up by 20%, apparently because my new home was in a "high accident area".
Same happened to me, duento life events i went back to my parents and changed the address to keep my stuff insured
Apparently living at a place thats safer is more expensive, because "reasons"
@@BeverainIt's so predatory and fucked up. People are being enslaved under the illusion of having total free will and are none the wiser. Insurance companies particularly piss me the fuck off especially considering a lot of them have guaranteed sales due to NOT paying them being illegal. They're basically a new kind of tax.
I proved a point to a dismissive friend after trying to explain online privacy and why he should take it seriously, I challenged hiim to find the cheapest flight from the UK to Paris on his Mac laptop, I used my heavily privatised desktop, same flight was 40% more expensive for him, and this was ~4yrs ago. I price check everything I buy online to find the cheapest, I've not managed to find anything to buy on Amazon that wasn't cheaper elsewhere for >10 yrs. You pay a price for convinience, soon it will cost more than just money, it will be your liberty.
Amazing.
Cool story. I'll take shit that never happened for $200, Alex.
Your personal time must mean very little to you. I understand on big purchases to see if you can save a few hundred or even thousands, but not on stuff below a $100.
@gregpenismith1248 have you heard the phrase "death by a thousand cuts" ?
I price check for work. If you need something cheap but not very mainstream, like a couple thousand red dice without the dots, Amazon is the best. But you might have to check both France and Germany. (I work at a theatre in Sweden)
@@gregpenismith1248
Nothing interesting really happens in your life, does it?
Reminds me of a small game called Recettear (with a famous line in it being, "Capitalism, ho!"). It's an RPG/shop management game and during the the shop phase, I slowly got a feel for what price everyone was willing to pay for items and would essentially engage in price discrimination. It was very blatant when the rich arrogant girl would try to buy something and I would always jack up the price for them since I learned they would always pay it, no matter how much they complained.
It's part of the game but man thinking about applying it to the real world feels super scummy.
Reccetear, never finished the game, damn now i want to play it again.
What a blast from the past
Hey hey people
@@Dogman262hey hey!
@@Dogman262Sseth here!
The way price discriminations is marketed so that the most vulnerable of us is convinced that it's benefitting the consumer feels like such a tried and true tactic that I don't really see any hope of it getting less malicious and targeted
No disrespect man but I don't believe it'll cost more than $70. There will be several different options at various prices but the base game will cost $70. I'm not saying your take isn't possible but I'll SS this and add it to my calendar for 12/6/25. May the most accurate guess be considered lucky! Cheers
@@iHeArTgOaTsE $70 is still an exhorbitant amount for what really is just petty entertainment strapped together by people more concerned with selling their product than delivering a good one. Games are very rarely worth that much money. This is easy to see if you plot the, for example, metacritic or steam reception of a game and the corresponding price on a graph. Expensive games above ~45$ are much lower rated than the
@@A_Simple_Neurose I've bought plenty of games for more than 30 bucks and they were very well worth it, latest example would be Diablo IV for 100 bucks - took three weeks of paid time off at launch and played it for 354 hours. Even if I never touched it again, which ain't happening, it still would've been more than worth what I paid. And as for 70 bucks being exorbitant ... I dunno, if I take SNES game prices from the late nineties and adjust them for inflation, we'd be looking at triple A prices of 100 to 150 bucks for the base game. 😅
@@A_Simple_NeuroseThere are graphs that show the price adjusted for inflation across the history of console platforms. I suggest looking those up.
except we shouldn't be using past games as an example. Just because it was different in the past doesn't mean it should be like that now. By that logic if Games started to cost $150+ it would be "perfectly normal." Games just jumped $10 in price for no reason while still making more money from microtransactions (especially in Diablo IV), digital sales, pre orders, and more.
That thinking just gives them more leeway to be greedy. It doesn't matter how good the game is. Especially with today's industry nothing is worth that price. They're companies. If they could make every game cost as much as the console they're on and still make the same amount of sales they easily would. They aren't your friend.
(And besides. I got my favorite game from a sale for $10. Being a patient gamer is good)
As much as I loathe price discrimination, the one that REALLY sets me off is Shrinkflation. Would absolutely LOVE a video from you about that topic @uppperEchelon . Especially after how insanely common and widespread it is.
I just finished learning about Price Discrimination in my Intro to Microeconomics Class, holy shit
Yep i remember learning about that in my intro to micro. Its crazy but unfortunately a) it works and b) people fall for it all the time because companies can be nefarious in their dealings like shown here. data collection is unhinged right now.
The fact that there is an "Intro to Microeconomics" class to begin with is kinda pathetic.
@@FuckGoogle502Why? Everyone needs to start somewhere, and it's not like most people understand economics out the womb.
I think if people thought of economics as a fluid/liquid (hence all the liquid-oriented names like bank, cash flow, liquidation, curren(t)cy, etc.) system of exchanging the market equivalent of potential energy, it would be easier to understand. I had to drop out of my intro to macroeconomics class in college because I couldn't wrap my head around it. Once I learned on my own organically and also through experience is when I started to "get" it.
Honestly a big thing I got stuck on was the supply/demand graphs - I was so conditioned to always use the X axis for time from science and math classes that I just couldn't even understand that the X axis isn't always gonna represent time. I kept unconsciously seeing it through the lens of supply over time or demand over time. To be fair though, it doesn't help that the teacher was incredibly dry, monotone, and uninteresting to listen to, so it was even harder to look past my assumptions.
Tinder did the same thing here in the Netherlands. Up until a certain age you pay far far faaaar less for a subscription. You paid 15 euros for a whole month. Then when you hit like 30 I believe it was, you suddenly had to pay a crap ton more. Even when checking right now the price is set to 14 euro's per week, for tinder gold. They got a slap on their wrist by the dutch watch dog, their excuse was "By then you work, thus you can afford to pay more" greedy bastards. So for a month you now would pay 56 euro's, for that money Tinder should guarantee you get a date and offer two drinks with it gjeees. No idea why that company is still allowed to operate here when they got slapped before, they should just outright deny the company any place on the market here for price discrimination like that.
they got slapped AND paid it, its exactly why they are still allowed to operate, and the gains from the practice probably outweight the possible fines, so win-win, they get more $, and government can ocassionally listen to people and slap them with a fine tinder will happily pay :)
Tinder lol
Ignore the negativity. It's only noise. Participate in your nation's politics and try to effect the change you want.
that's also very illegal in the EU
Isn't Tinder owned by Facebook?
This is the reason I have lyft open on my phone when booking an uber, vice versa. They charge less if you do ;)
Also I saw from one Louis Rossman anti-sponsor (he simply roast a company) that Lyft was charging him money for nothing. So, not to say that you should scrap Lyft (though idk if Uber isn't worse), but that you should look carefully at what their doing.
Genius!
Kroger did this when there was that mass Food stamp increase a few years back. They just came out and said that the poor people on benefits now had more to spend so they were entitled to increase the price to ensure they were increasing profit through reduced sales =(
Super legal in the states =( I think the court that saw the event said it was "Entitled Profits"
It's the real reason working class people don't want food stamps to go up. If we don't have fixed pricing, charity becomes profitable to companies (I am not advocating for fixing prices either.)
Probably the reason why even fast food is so expensive now. Those restaurants began accepting EBT cards. They know the government is subsidizing their food choices. So they can get away with charging more money.
So im currently without a car so I uber to work and back. It's a 5 mile trip one way. This has been going on for four months and Ive seen the price go from 8-9$ one way to 16-18$ one way consistently. I started looking up what was happening and apparently there is price manipulation on Ubers behalf.
I have since started doing lyft or just biking more and the price has dropped right back to where it was at when I stopped relying on them.
This is a practial and real world example of apps collecting every single piece of data tha they want and using it against you.
This is horrifying.
PRIVACY MATTERS.
"But if you have nothing to hide, why are you so worried?" - those with Alaskan room temperature IQs
Between this consumer scores and precrime algorithms I think we're right around dystopia on the apocalyptic bingo.
@@voidimperial1179The problem is that line of thinking makes "sense" to most people, to the point where I have an extremely difficult time convincing anybody that this isn't just crazy paranoid delusional thinking. It makes me feel so alone. I get looked down upon for knowing uncomfortable truths and being willing to try to help people by sharing it as much as I can. Sadly that hopeful impulse in me has died over the years and now I'm a lot more reserved with what harsh truths I bring up in conversation. Heck, I still get burned for it because I often just can't help myself. It's depressing being pushed away over and over and over and over and over and over and over... And on and on it goes. Punished for being honest and trying to do the right thing. If this world isn't totally fucked yet, I sure hope it doesn't go past a point of no return.
Price Discrimination is another expression of “surveillance capitalism;” and it’s legal because the corporate capture of the nation-state controls the narrative.
corporations own the corporations you buy from. now that be wild!
I hate to be the bearer of bad news... but... Capitalism has, since its induction, been the greatest tool of public exploitation.
People often mistske current living standards as a result of Capitalism, but its actually industrialism that's largely responsible.
Capitalists have been skeezes since the beginning, and that's certifiable.
@@WilliamMcAdams I agree, and sorry for any confusion - I didn’t intend my language to appear sympathetic to capitalism - I’m actually an eco-socialist. Cheers~
@BigMikeGuitar Ahh. All good.
I like communities producing goods and services for one another, guilds, and merchants.
I'm not a Capitalist, Socialist, or any other modern economic philosophy. I'm just pre-1500's. Whatever you would call that.
Ain't it funny how States have been captured by the very entities that they invented to be subordinate to them.
My solution has been to just avoid using the services and retailers where price discrimination is particularly egregious. I don't use ridesharing apps, I avoid shopping on Amazon and always compare prices/check price history when shopping only, and I only very rarely ever fly. I realize though that with these shady, intrusive tactics becoming more prevalent, it will become ever harder to avoid falling victim to them.
You will be welcome on my remote self-sustaining compound.
I noticed some of these discrepancies. If I message my friend about going somewhere at a certain time and checking to see the fare, when it was time to go the prices would always be higher.
When I stopped checking or mentioning specifics it stopped doing that. Then when it caught on, it would start out with the high fair. I would close the app and wait a few mins then the price would go back to normal.
At least it only took you minutes rather than days or weeks, which is what I expected.
adblock, script blocker (umatrix), regulary deleting cookies/browser data, dont use the same email every time...
some things can be done, but tracking on (bank) account side is difficult.
its a sh*tty world
If you're married or live with someone, you can check for price discrimination by searching up products on the other person's account after doing so on your own. It's unlikely that your purchasing will match your SO's or roommate's.
Of course, that assumes you have separate accounts, which you _absolutely should._
That's smart
Not a bad idea at all, BUT wait till GPS influences the algorithm. It already shows up to me when looking at Facebook recommendations and people pop up from places I have visited, vs friends-of-friends.
Edit: this is also why we are getting conditioned to not be allowed to use the dislike icons, why socially we are getting conditioned to make disagreement=conflict and why shadowbanning is so detrimental to social contracts as well.
It’s kind of sad that what used to be used as a safety net (both SOs/spouses having separate accounts so one couldn’t steal from the other) is now being used as a way to circumvent the creepy crawly world of price discrimination and government control. >.
If you share the same network, for a reasonable amount of time, I don't think this would happen. It would blend together.
@@gregpenismith1248 I'm on the same network as my wife and her browsing and social media has zero effect on my ads. It's not the network, it's the accounts and the browser (if you use Chrome) that track you.
I can't believe they've brought Skyrim's level scaling to real life.
I cut the cord for a variety of reasons, but one was Comcast crowing about providing free and low cost high speed internet and cable to “the poor”. They werent providing crap…they were heavily overcharging customers like me, and didn’t lose a cent of profit providing services to “the poor”.
thing is, it raises the floor price, I definitely keep to a tight budget but there's a number of times that its hard to actually find a lower price. guess we're going for a no buy year.
Glad you have it on lock. Each one teach one. You ain't done. Have we accounted for disenfranchised elements driving into your neighborhood? I know, you Park in a garage and have nest cams,etc..
btw this functions in Czech Republic in global scale where EVERYONE is milking czech citizens because they are "willing" to pay, so we pay even 2-3x more for basic items compared to Germany or Poland
We are a special market, that likes to get fucked on price and quality of food. Not to mention carriers. But hey, government spending is up! Let's ignore rising poverty rates.
*"so we pay even 2-3x more for basic items compared to Germany or Poland"*
German here, could you give an example? That's hella curious.
Let's say in Germany you sell 10 times more of one product then in Romania... So from selling more in one region you can reduce the overall price of the product, that doesn't mean that you can't be screwed if you leave in a less develop part of the world... Just my thoughts...
thats mostly because the czech republic has its own currency
Doing Uber on the side as a driver I can even notice that from the fares they hand out. They know how to stretch you for every mile.
This is an excellent follow-up to the recent video on potentially restrictive ISP regulations.
Now do a video on sports betting sites/apps changing payouts in their favor after it enters your betting slip. Great work ue keep it up
What does this mean?
@@halfandhalf5160that the house alwasy wins.
In my ccountry there have been a few document cases of online casinos faking glitches to stop winners from winning or changing bet ratios in favor of the house on sports events. This means that if the rate was like 1 to 100 for you. By the end it would be 1 to 10 because the bet was not locked in when the event started...
It's another way to cheat that in some countries is "legal" because there aren't strong laws against it since betting is kind of o the edge of law...
@@halfandhalf5160 tl:dr that if you win they will steal from you
/from what I understand/assume
@GH0STST4RSCR34M your comment has been hidden :(
As an outside observer of this comment section, there are only two visible replies here, one from half and half, one from ghost star scream. It seems UA-cam doesn't like the topic
I had a cowoker whos rent was similar to this, it was tied to her pay so if she earned more they charged more. It was a town housing program for low income people though.
Yep. Same here. It genuinely sucks. The moment you feel like you're actually making some economic progress you're suddenly hit with a significantly larger rent bill to match (in my family's case, it's almost doubled). It's a bit counter-productive too, as my mother actively encourages me not to work (at least until I'm properly registered in college) lest that gets counted towards our rent as well. Isn't the stated purpose of such programs to encourage people to do better so that they can eventually move out? Clearly not if this is the result.
New world ordee Google it
@@noodle4796 I've never heard of rent going up based on a person's income
That's because she payed less than the apartment was worth to begin with
@noodle4796 at least you're not on the street like millions of others
"Clown Planet." - Carl Vernon
I haven't experienced this myself because I don't buy plane tickets, so take this with a grain of salt; but I've heard that airlines engage in first degree price manipulation by seeing if you've visited competitors sites or came back to see the same flight on multiple days. They also change the price depending on how much time there is until the flight.
In relation to what you said at the end about destabilizing your online presence, I read a cyberpunk book called _Feed_ by M. T. Anderson, where everyone had a brain implant that gave them a constant feed of data. Spoilers ahead, in case anyone cares about a 21 year old book.
One dissenter disrupted the data gathering on them with erratic behavior and then when a malfunction in the implant threatened her life, the company decided to not help because they had no profile on her and didn't want to help someone who's not a consumer.
I learned it a number of years ago, when by accident I searched for flights from a corporate machine. The results I got were significantly cheaper than what I found the following day when looking it up from my own pc. Puzzled me, so I went back to the corporate laptop and guess what? Had two prices for the exact same change. And guess what I got when I searched for it through a travel agent my company used back then? Even cheaper.
So yeah, the flight industry has been using price discrimination for years. It's just that most people don't have the knowledge or possibility to check that it's a thing.
That's insanely scary and why everyone should own a gun so something like that can never happen.
@@dd805100 How exactly do you think owning a gun will stop airline companies from raising prices on people?
They do this 100% I have a laptop i use pretty much only when i need flights lol, it has no data on it whatsoever, no browser history, cookies, nothing
its way cheaper usually than my phone and pc
@@UCXEO5L8xnaMJhtUsuNXhlmQ yeah thats more likely a job for the killdozer
I do t understand why corporations don’t understand that maximum profits means maximum success. Ruining the economy by draining your customers dry will not bode well for the future.
Ticketmaster and their 'dynamic pricing' nonsense comes to mind. The Judas Priest and Sabaton show coming up to my state next year has a seating arrangement. The balcony seats are about $100. The floor seats start at $110, and the front row seats are over $900.
Ticketmaster decided to play the role of the scalper.
Perfect price discrimination is the sbmm of real life
so real smh
Excuse me, I'm not a millennial or gen z happily, but yes due to my usually better knowledge of life due to this, I have to ask at times like this, what the hell does sbmm mean?😂
@@weirdsweetcoolplants "Skill Based MatchMaking".
i'll let someone else who is more knowledgeable than me in Call of Duty multiplayer explain.
@@DDXofficial I think I get the basic gist of it from your comment, but I would like to know more, even if it is just in a nutshell. But thanks either way.
@@weirdsweetcoolplants of course!
This is another one of those times I am glad Germany takes privacy so seriously. Maybe even the EU will put an end to this, to extend their string of recent wins over big tech.
perpetual state of barely getting by - that's terrifying.
We need to start talking about these things more so that we can actually raise awareness on how powerful and manipulative these companies are. Many provide valuable services but many are just designed to take your money because they can (and know they can)
Happy Tuesday everyone!!
This has always been an issue but it is on another level when online. I'm from Australia and almost everything is priced at the maximum of what people can afford. Finding a good deal is basically impossible these days outside of one on one trading.
The internet has created more competition for the same products. For example, before the internet, if I wanted to sell my car, I had to place a For Sale sign on my car. And the only ones who could see the car were people who lived in the neighborhood. So there were only a few potential buyers. So sellers had to accept what was offered to them. Now, if a person sells their car online, that same car will be seen by thousands of people- even people from all across the country. So the seller has more power to raise the price, because there are more people who want it.
So what you're saying is I could train an AI to do online browsing for me in such a way that it will decrease my prices for everything across the board?
If your bot doesn't end up throttled to hell, sure
This is what happens when the masses DGAF that their personal property (information) is being stolen. The masses don’t even understand that there is no difference between having their personal information or wallet stolen. Every time somebody’s personal information is sold between corporations they are entitled to a cut of the sale price (a royalty). It’s forgivable when the corporations were stealing it covertly however, everyone is aware today yet has no issue with it! That is unforgivable.
The masses are far too quick to trust perceived authority figures they’ve never met yet have almost zero trust for family/friends. Coupled with the deliberate dumbing down of the masses by the authority figures they naively misplace their trust in, the masses will be happy despite having their health and wealth destroyed by the same authority figures. While thanking them.
We are all living in the real life version of ‘The Sims’ computer game but only 20% know it and know how to escape it. The problem is 100% will suffer equally because the 80% will never figure it out. That’s what democracy gets us - Marxism.
@@GH0STST4RSCR34M Totally agree
The great Greek thinkers hated democracy. I can see why.
@@GH0STST4RSCR34M How? I mean, as long as you don't mean "logins and passwords" with "internet data", how is it the same as "ID/bank stuff?"
With "ID and bank stuff" one could literally empty my bank account and cancel more or less every important contract of my life (apartment, work, bank, health insurance, etc.)
How is that anywhere _close_ to being overcharged based on your purchase history?
For most people the internet effectively doesn't exist. Most people don't think what happens on here has any consequence in the real world.
You started out so great, and then you end in the most nonsensical last sentence ive read in a long while looooooool
In a world of perfect price descrimination, im working the seedy underbelly of society.
I was looking at a pair of pants online last week, saw one I liked, was priced at 26 bucks. Looked again today, price was suddenly 35 bucks. I then went to the site on a different device using a VPN, and without logging into my account on said website. Price? 25 bucks. WTF?
First time I clearly understood what is this permanent data collection is for. Scary.
Companies aren't going to stop themselves unless the law tells them.
I've been using uber for a long time and I've noticed a huge price increase recently. Like, really big, 50%. Sure, inflation is a bitch, but not as much. I wonder if the algorithm determined that I can afford more and started charging me more - after all I cannot compare prizes to different people if we are not trying to go to the same place at the same time. I'm switching to bolt, gonna save my money
hahaha. i sometimes use uber, when they have -50% offers. otherwise, regular taxies are oftentimes a tiny bit cheaper.
I like eBay because you can compare prices from the same product coming from different vendors, though I know that eBay is the lesser evil not the better option. The more we move forward, the more sense makes cash again…
we're not headed to a dystopian society...
we're already in it...
Wow this is insane. I have always thought about this but it’s nice to actually see some evidence and data.
It's absurd that this isn't hyper-illegal yet, especially given how brazen and extreme it often is *cough cough, airline tickets*. It's one thing to utilize general customer data in setting "a" price for something, even one that rapidly fluctuates; that's just how selling stuff works. Calculating out the exact maximum amount an individual is willing to pay at a given moment, abusing information said individual never (knowingly) agreed to have used that way however, sounds a lot like straight up fraud.
"SuHplY aNd DEmAnd"
Yes. That’s how it works. If I’m selling a table for a grand and people buy it then I have no incentive to change. But if I’m selling a table for a grand and no one is buying it then I’ll need to change or go out of business. It’s not that hard to understand.
It honestly sounds like you’re saying “They FORCED me to spend 50 dollars” instead of realizing that you DECIDED to spend 50 dollars.
This is why I only buy things directly from manufacturers on their websites instead of through third parties unless a product that I want is discontinued and cannot be found anywhere else.
This is insane. I love channels like this that act like an immune system to inform and check these cancerous companies that won’t stop at nothing to take everything they can from us, in like what feels like a never ending fight
"Gloomy perspective" or not. That is the price people pay for unrestricted data harvesting; And the mass blind acceptance of it all.
Scary stuff none the less.
This happens in Brazil, we have a hidden dynamic price in a few sites that depending on the device you are using you will see different prices. Apple devices in general shows highest prices for the same service (e.g. a plane ticket).
It’s bartering where you don’t get a say in the process.
Here’s how you get a say, don’t spend money with them.
I always complain about price discrimination. I largely shop in physical shops and use cash whenever possible. Loyalty cards that let you have better prices are causing the homeless to have to pay more because they can't get the card because they have no address, I thus refuse to use the cards and complain about it every time they ask if I have a loyalty card. This problem is not limited to online shopping and big data.
Loyalty cards are big data. The purpose is to collect information on your product preferences and to sell a narrower variety of niche products without losing customers.
When people ask me if I want to open a credit card I literally laugh. I might be poor but I have no debt.
Not so fun fact I work in retail and one of the classes they had me take said this "Eliminates the chance for customer to say no: 90% of customers will enter their information to enroll if told to do so vs being asked if they want to." That was said word for word, this just reminded me of that
2:40 I've worked at many tattoo shops and the pricing varies depending on the clothing the customer is wearing and the car they drive
This is why I no longer say “what do i care if they have my data….” How naive I was
Agree 100% and as you said UE price discrimination itself is not the problem its the predatory algorithmic based version that will be used to extract as much as a person is willing to pay. It's unethical period. I have no problem when people manually adjust prices though, that's just supply and demand.
This is why the wage gap is a high class argument, nobody is talking about a price gap.
What wage gap?
@@1685Violingender wage gap
@@Frenchdefense9404 Gender wage gap is Marxist sophistry. It has been long disproven since 2015. It fails to account that women _on average_ choose to work less hours than men per year and often choose careers that are paid less than others because of the different skills required.
Anyone who claims there is a gender wage gap should be ridiculed for being up a long debunked myth.
I could see the current trajectory leading to browser plugin services, where in exchange for viewing some ads, you get to use their plugin to spoof your session using a persona that is being constantly A.I. tailored to pull the lowest price on whatever store page you're visiting. That situation will last until the big retailers get the laws changed so that you have to give them all your data, and not fake anything.
I may be wrong, but wasn't there once a chrome plugin that rather then just blocking tracking cookies and browser fingerprinting, actively fed random junk to the trackers? And Google banned it?
@@Nick-zp8wkI really wanna know the answer to this. I really hope someone answers!
@@yeahgirl11 It sounds like AdNauseam, which discreetly "clicked" on every ad on the page to feed junk data instead of making them able to pinpoint your identity based on what you would genuinely click.
running that model would be 100x more expensive than your income from ads
@@yeahgirl11 its called AdNauseam, need to get it from their website tho cuz like the other person said, it was banned from store
Its very based becasue you waste companies money by making them pay for the click
It basically clicks on every single ad you get served, which makes your profile entirely meaningless
This is real journalism with actual research, and in an ideal world this should get much more exposure, on the other hand essay channels just speaking word for word from some article will often get too many views because they don't have any actual research to do and work like a content farm
15:27
Pausing to read the article I notice that it says “Mac users are 40% more likely to stay in a 4 star hotel room” sounds like that would contribute to the 20-30 dollars they spend more than PC users. Oh, and it also says that when Mac and PC users stay at the same hotel the Mac users pick a more expensive room.
Telecom companies: "Good morning, hope you are doing well, we are reaching out about your current phone plan, is no longer present in our current catalog, would you like to update to newer plan?"
Me: "Is it gonna cost more?"
Telecom companies: "Yes, but the difference is marginal, and with the newer plan, you'll have access to updated offers for financing the latest smartphones in t he market."
Me: "I am not interested in the offer."
This is one of many ways, I've been seeing Price discrimination, and my plan is only one year old
According to economic theory, the actual prices comes from the difference in valuation between the good and the money spended, the consumer accepts the price, buying the product when the good is perceived as more valuable than the money spended. Considering that, naturally the seller will try to get the most out of how the consumer values the product.
In a world with "price discrimination", as the buyer, you should take the precautions to not be desperate and therefore, vulnerable to a higher price for a specific product and take the time to think about cheaper solutions.
Except if all companies engage in this, you cant get a cheaper solution anywhere
not like illegal price fixing is a new thing, see oil etc
Interestingly, when capitalism does it it's called "price discrimination" and is unfair and exploitative. But when socialism does it, it's "to each according to his need, from each according to his ability" and it's a good thing. Can't wait for us to get to the 'just' world where you request some service and rather than a corporation telling you you can't afford it, it's the government telling you you don't need it.
I see a business opportunity. Sell access to curated online personae designed to minimize first-degree price discrimination and maximize second- and third-degree price discrimination. For any given company, attempt to discern the factors that result in the lowest prices their dynamic pricing models will offer. The pitch is that you will save money in the long run. Morally, providing the same price to everyone for this service and ensuring that clients save money in the long run is enough.
This could also be used nefariously.
Lmao i wrote up a basic proposal about this literally a minute before I scrolled onto this- great minds think alike
I feel a tie of price discrimination and in with how dating apps use their female consumers as product while milking their male consumers for their profit would be interesting to hear from you.
It's too bad that our political "leaders" no longer serve the people (and haven't for a very long time). Otherwise, I would think it would be a no-brainer to add this practice into the definition of price fixing and make the practice illegal.
Weaponized price fixing is not far off now to be honest. Our "leaders" are being led by the money and using us as the stock in their trade.
And some dumb people thinks socialism or communism can fix greed out of humanity. As if giving top brass even more power suddenly going to make them generous with their authorities via in-game interger overflow.
That's what we get when many of them are either being paid directly or indirectly by these corpos
I don't think leaders have _ever_ served anyone but themselves.
Not 200 years ago, not 500 years ago, not 2000 years ago.
@@cy-oneThe difference with kings and modern politicians and presidents is that the people in the past, backed by the Church and nobles who are obligated by the Church to serve their Lord and people, know who is directly responsible for the bad decisions done by the king, and the king can't hide behind others when he makes bad decisions. The clergymen and the nobles would also condemn the king if he steps beyond law and tradition.
In modern politicians, because of the erosion of a moral foundation and tradition, they aren't really obligated to serve the people and get away with lying when they have a lot of support by other politicians and people who would even vote a rock in as long as their preferred party is attached to the rock. Also, when a politician fails, they blame the other side and other parties, when in Europe for not helping the people enough.
Now imagine price discrimination combined with a social credit system. Despite having a decent income and being careful with your money, somehow you're still almost never able to splurge on much of anything. While your friend who doesn't have much of a steady income, somehow can afford to spend money irresponsibly without ever budgeting. Main difference being you're a critical thinker with some political opinions an authoritarian regime might consider problematic, while your friend don't really have any opinions that could be considered controversial. A perfect system to encurrage submissivness and punish skeptesism. "Smile to your overlords and luck will come your way".
That would cause discontent and disillusionment, rather than obedience. Reign in your paranoia a bit lad.
delusional nonsense, doesnt even logically follow
take less meth please
End game? This means that the cooperate collective will decide what life style the people should live and how much income you need to have to survive and enforce that through price and access to products. I swear every year it becomes more and more obvious that people are using the literary warnings of our past as speed running guides for our future.
in places where haggling is common, people are wise enough to know what they are getting into beforehand, and go in with an expectation of what things are worth to them. those who aren't accustomed to really think about economics and the nature of value aren't as good at recognizing bad deals, and so the saying "a fool and their money are soon departed" comes about. all i can say is that they probably should have known better, and now they hopefully do. it'd be a problem if they couldn't haggle to reduce the price, though.
I believe the rises and falls in amazon pricing have more to do with supply than demand. If a warehouse has a glut of something the price goes down. If there is one left the price goes up. Also Amazon the company one controls the prices on part of items sold on their marketplace.
I find it hard to believe that 2nd degree price discrimination (based on the definition provided here) is acceptable. I feel a tinge of annoyance any time I see discount coupons, be it on the back of a shopping receipt or a "7th coffee is free" card. It's just advertising to me. And if they can afford to provide those discounts, they should just set a lower price for every one of those products. Coercing (and therefore forcing) customers to buy more than they need to "save money" just increases the odds of food going to waste. Especially single folks.
> Coercing (and therefore forcing) customers to buy more than they need
Do you really think people are such water-headed, N-Cattle that seeing an ad forces then to do something? If they are they get what they deserve, no sympathy.
Theres a pretty easy rule to figure out if something is acceptable:
Does it make the company money? Its acceptable
Does it not make the company money? Its unacceptable
Now I know why my Amazon's Subscribe & "Save" items keeps going up! Gawddammm
One fascinating bit about this whole price discrimination thing is that in a weird way it amounts to a form of capitalist inspired socialism. By charging those who can afford it higher prices, the more well to do are essentially subsidizing the poorer members who are less profitable, or may not be profitable at all, but may be considered a sunk cost to facilitate covering an entire geographic area and to not get bad press. Not saying price discrimination is a good thing, but it is interesting that it works out to be weirdly socialist in this context.
This is some good shit. As someone who has a degree in psychology its pretty disheartening to see that companies have teams of psychologists working to exploit people while any given random individual has, at best, a personal psychologist or therapist to help them deal with mental illness and help them see the world in a normal manner. Only proper media and influencer coverage like this can hope to help level the playing field. They have the benefits of paying for studies and keeping them private while most people are at the mercy of media figures digging through usually hard to find or access studies and laying themn out for all to see.
The Pixies "Gouge Away" plays in background..
literally cyberpunk levels of corporate audaciousness. this is basically proof that corporations are already running the world
Yup this is why I avoid online purchases like the plague.
That's old. I learned the best price for Uber when you left airport is to go in a 2 streets far from the airport. I saved more than 15$ easy on that.
If you don't mind to walk, this saves you a lot
I've been aware of uber's location-based pricing for a while, opting to use it when going from home to the train station, but if I want a return trip the price triples. But just yesterday I had an incident when the price tripled when I wanted to go back from the dentist during a snowstorm. I decided to tell it to fuck off and walked home
Yes it happens everywhere, in Indonesia where prepaid internet still exists, the internet providers will charge you more simply by the fact that you actually top up the credit to buy it directly to your phone number, I have to jump through multiple hoops to get the standard pricing.
You did a great job on taking and explaining economic conecpts for a mass aucdience, especially given that you probably havent studied economics.
Did UE account the concept of supply and demand where an item is more expensive in a geographical area because of the low supply but high demand?
Only buy online when you really need it, but if you know it’s in stores then go in person and buy it
I still think the only solution is for people to learn the value of what they buy, not just the price. This is impossible in a world where we are showered with millions of "new" products.
Bath and body works definitely uses that their coupons you get are usually dependent on what you spend and how often you are in.
I work for a cable company and they give deals in areas where there is Verizon Fios as a competitor. Long term subs, with no competition in their area, are given the shaft. No deals.
Call of duty did this recently
The more cod points you had saved the less you got on discount on skin bundles
People crying about $1500 graphics cards when the same cards cost almost double in many countries. Same with laptop pricing
Basically, "the house always wins". Miserable times, indeed
7:16-8:01
To keep this simple, but accurate:
1.Uber, in this Case, was willing to mimic the Behavior, the Feds are known for, in order to counter them, without having to deal with the Stigma, the Feds have.
Example: If you can't beat them, join them, hopefully without the Downsides included.
2.They are not the only Company, that is willingly resorting to these underhanded Tactics.
I don't find joy in being able or having to be intentionally disrespectful.
But i guess that comes with power as an adult.
It sounds cliché, but I have to make the best possible out of my life for the people who have been there for me in times of weakness.
The only expression of respect I deem worthy of it.
@Upper Echelon
The Standard you set in the Outro.
I will try to live up to that.
Wish me Luck there.
i would be very interested in a video that shows us how to get around this kind of price discrimination by spoofing the information these services see
And there's also sex-based price discrimination, like when woman have to pay more for the same razor but with a feminine packaging, or men have to pay more for the same subscription on dating apps
You could just not buy it or buy the cheaper option, “sex-based price discrimination” only works if you buy it.
Women being charged more by auto shops than men. Also charged for more frivolous repairs.
There is no such thing as a g_____r wage gap, gl*b*lyst sophists! That's been disproven thousands of times since 2015.
This is due to the different processes used to make women's products, including more expensive paint colors.
Edit: I meant to say "pink tax", not "wage gap".
I litterally never talked about a wage gap and also mentioned an example where men pay more for the same thing but have a nice day
@@1685ViolinYou type like a pink-haired Tumblr user censoring completely normal words like that
Sounds like something we should take to court
Caveat Emptor applies today as much as it always has.
I would like to note, I feel like GenZ are also painful aware of these kind of things... at least the one's who care/cared about their privacy at one point.
We grew up with devices and the Internet, and therefore know how to use them, and have to high potential to see overwhelming flow of information all the time.
Probably one of the factors as to why people say GenZ are depressed
The phone battery example: jokes on you, I have a battery bank :p
The food industry has been doing this for years... banana's and lays chips are the biggest examples, they're much cheaper even when converted to USD in other countries then they are in North America. It shows they can easily sell them for much cheaper but they choose to raise the prices in countries that can afford it.
Funny how that example at the end just sounds like everyday life to me. I make a lot more than i did as a teenager but ive never felt like i can afford to do anything else
If there is single urgent case against mass data harvesting and online tracking, this is individual pricing for products and services! Even the normies should take serious note on Internet privacy.
I'm all up for charging billionaires £20,000 for a cab instead of the £20 a normal person would pay, but when applied to poor people to squeeze every extra pence from them or applied to medium income people to make them feel like they're poor people (barely making ends meet), it's very insidious.
The government really need to introduce some kind of anti-greed laws. There are so many things that in principle could be used well. Like I said, charging billionaires who don't care about prices much more for goods and services would be a good thing because it would help return their unreasonable hoard of wealth to the economy and not impact them at all due to their unreasonable amount of wealth. Or profiling in order to suggest options that make the most financial sense to poor people, so as to help them afford everything they need on a budget. The real problem is that corporations are always tuning these systems to screw over anyone and everyone so that it can return the highest profit to the corporation. Essentially, their greed takes these good systems and cranks up the volume until everyone's ears are bleeding, all so they can go around and steal wallets while everyone is writhing on the ground in pain.
To be fair, knowing billionaires, they'd hire specialists to craft poor profiles for them so that they'd pay the minimum price on everything, because nothing says billionaire like saving pennies when you already own more than some small countries.