While Wendy’s plans to price gouge you with Uber-style surge pricing, it’s simultaneously enriching wealthy shareholders with a $500 million stock buyback program.
That’s the thing about corporate greed: It’s shameless.
They’ll just keep pushing to see how far they can go.
@mattblaze @rbreich @pluralistic Theoretically, the workers would be working less hard during the rush.
Surge pricing is all about raising the price when demand is high. Higher prices means fewer customers (but more profit per customer). Fewer customers means a less busy restaurant, so less work.
OTOH, surge pricing can also mean lowering the price when demand is low, in order to stimulate demand. So, the late night shifts where there was a lot of down time might get a bit busier.
@mattblaze @rbreich @pluralistic Exactly, so the price would go up, driving demand down.
At worst, during a surge the workers would be just as busy as they are now. But, they wouldn't ever be more busy if surge pricing increased prices. Having said that, they might have to deal with more unhappy customers.
Robert Reich
Matt Blaze
Merc