Odd Lots cover image

Odd Lots

Corporations Learned The Maximum Amount They Can Charge For a Product

Jun 3, 2024
Lindsay Owens, executive director of the Groundwork Collaborative and author of "Gouge," joins David Dayen, executive editor of The American Prospect, to dissect the world of corporate pricing. They reveal how algorithms and data are reshaping what consumers pay for everyday items like hamburgers, highlighting the impact of gamification and dynamic pricing. The discussion touches on ethical concerns surrounding personalized pricing, the challenges it poses for lower-income consumers, and the widening economic disparities in pricing strategies.
55:52

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Quick takeaways

  • Companies are adopting personalized pricing based on various factors like consumer behavior and location, challenging traditional views of inflation and fairness.
  • Algorithmic pricing techniques are being used by companies to adjust prices in real time, leading to potential discrimination based on personal data and behavioral patterns.

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