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  3. Competition Bureau seeking public input on algorithmic pricing

Competition Bureau seeking public input on algorithmic pricing

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  • Sunshine (she/her)S Sunshine (she/her)
    This post did not contain any content.
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    Competition Bureau seeking public input on algorithmic pricing

    OTTAWA - The Competition Bureau says it's looking for public input as it delves deeper into the rising trend of companies using algorithms to set prices.

    favicon

    thecanadianpressnews.ca (www.thecanadianpressnews.ca)

    T This user is from outside of this forum
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    typotyper@sh.itjust.works
    wrote on last edited by
    #4

    Does this mean flyers with listed prices are now useless.

    What happens when the marked price on a shelf changes when I get to the cash register. Currently I walk away from a grocery cart of food if there is any hassle at the till. They can deal with it.

    How are you supposed to plan trips when the the price is always changing

    K S 2 Replies Last reply
    12
    • eezeebee@lemmy.caE eezeebee@lemmy.ca

      The link to their form where you can give your input:

      Link Preview Image
      Feedback form – Algorithmic pricing and competition: Discussion paper

      This consultation is open until July 22, 2025 (11:59pm Pacific time). Interested parties are invited to provide their feedback by mail or through the online feedback form. The aim of this paper is to strengthen the Bureau’s understanding of algorithmic pricing. The discussion paper highlights key questions on algorithmic pricing, including:

      favicon

      (competition-bureau.canada.ca)

      K This user is from outside of this forum
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      karlhungus@lemmy.ca
      wrote on last edited by
      #5

      Thank you! This is like the one thing it should have had

      1 Reply Last reply
      3
      • Sunshine (she/her)S Sunshine (she/her)
        This post did not contain any content.
        Link Preview Image
        Competition Bureau seeking public input on algorithmic pricing

        OTTAWA - The Competition Bureau says it's looking for public input as it delves deeper into the rising trend of companies using algorithms to set prices.

        favicon

        thecanadianpressnews.ca (www.thecanadianpressnews.ca)

        S This user is from outside of this forum
        S This user is from outside of this forum
        showroom7561@lemmy.ca
        wrote on last edited by
        #6

        The algorithm analyzes data and determines the optimal price for products or services to maximize profits.

        In that case, I’m against it.

        1 Reply Last reply
        20
        • Sunshine (she/her)S Sunshine (she/her)
          This post did not contain any content.
          Link Preview Image
          Competition Bureau seeking public input on algorithmic pricing

          OTTAWA - The Competition Bureau says it's looking for public input as it delves deeper into the rising trend of companies using algorithms to set prices.

          favicon

          thecanadianpressnews.ca (www.thecanadianpressnews.ca)

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          teppa
          wrote on last edited by teppa@piefed.ca
          #7

          So we accept that our currency is being debased by an inflation index that barely tracks real inflation, as we buy half of all mortgage bonds federally to juice home values and running QE, but we want to ban algorithms that attempt to maintain profits?

          If you don’t want prices to rise then perhaps a lower inflation target makes more sense. Maybe even a law that wages automatically rise with inflation. But we all know they don’t want that, they would need to actually raise taxes if they did that, and housing wouldn’t turn into a giant ponzi scheme that artificially boosts GDP.

          P 1 Reply Last reply
          0
          • T typotyper@sh.itjust.works

            Does this mean flyers with listed prices are now useless.

            What happens when the marked price on a shelf changes when I get to the cash register. Currently I walk away from a grocery cart of food if there is any hassle at the till. They can deal with it.

            How are you supposed to plan trips when the the price is always changing

            K This user is from outside of this forum
            K This user is from outside of this forum
            kent_eh@lemmy.ca
            wrote on last edited by
            #8

            At minimum it should not be allowed to change prices while the store is open to customers. (I guess with an exception for 24/7 stores)

            And/or limit the number of price changes on any item to one per 24 hours, or 2 per 7 days, or something like that.

            1 Reply Last reply
            3
            • Sunshine (she/her)S Sunshine (she/her)
              This post did not contain any content.
              Link Preview Image
              Competition Bureau seeking public input on algorithmic pricing

              OTTAWA - The Competition Bureau says it's looking for public input as it delves deeper into the rising trend of companies using algorithms to set prices.

              favicon

              thecanadianpressnews.ca (www.thecanadianpressnews.ca)

              P This user is from outside of this forum
              P This user is from outside of this forum
              Phoenixz
              wrote on last edited by
              #9

              Algorithmic pricing is all about making a very small set of people richer by making all the rest of us pay more money for products.

              So, fuck no.

              Z 1 Reply Last reply
              16
              • T teppa

                So we accept that our currency is being debased by an inflation index that barely tracks real inflation, as we buy half of all mortgage bonds federally to juice home values and running QE, but we want to ban algorithms that attempt to maintain profits?

                If you don’t want prices to rise then perhaps a lower inflation target makes more sense. Maybe even a law that wages automatically rise with inflation. But we all know they don’t want that, they would need to actually raise taxes if they did that, and housing wouldn’t turn into a giant ponzi scheme that artificially boosts GDP.

                P This user is from outside of this forum
                P This user is from outside of this forum
                Phoenixz
                wrote on last edited by
                #10

                How about we ban all of that crap, then? Because algorithmic pricing will be abused, we all know it because things like these always get abused because the abuse is so damn simple.

                An absolute no to this

                T 1 Reply Last reply
                2
                • eezeebee@lemmy.caE eezeebee@lemmy.ca

                  The link to their form where you can give your input:

                  Link Preview Image
                  Feedback form – Algorithmic pricing and competition: Discussion paper

                  This consultation is open until July 22, 2025 (11:59pm Pacific time). Interested parties are invited to provide their feedback by mail or through the online feedback form. The aim of this paper is to strengthen the Bureau’s understanding of algorithmic pricing. The discussion paper highlights key questions on algorithmic pricing, including:

                  favicon

                  (competition-bureau.canada.ca)

                  H This user is from outside of this forum
                  H This user is from outside of this forum
                  hellsbelle@sh.itjust.works
                  wrote on last edited by
                  #11

                  I have to add an attachment in order to submit. 😕

                  Maybe I should just send a meme.

                  the Howling NorthT 1 Reply Last reply
                  2
                  • P Phoenixz

                    Algorithmic pricing is all about making a very small set of people richer by making all the rest of us pay more money for products.

                    So, fuck no.

                    Z This user is from outside of this forum
                    Z This user is from outside of this forum
                    zipzoopaboop@lemmynsfw.com
                    wrote on last edited by
                    #12

                    It’s collusion out in the open

                    K 1 Reply Last reply
                    2
                    • T typotyper@sh.itjust.works

                      Does this mean flyers with listed prices are now useless.

                      What happens when the marked price on a shelf changes when I get to the cash register. Currently I walk away from a grocery cart of food if there is any hassle at the till. They can deal with it.

                      How are you supposed to plan trips when the the price is always changing

                      S This user is from outside of this forum
                      S This user is from outside of this forum
                      showroom7561@lemmy.ca
                      wrote on last edited by
                      #13

                      Does this mean flyers with listed prices are now useless.

                      Yes, and it would make price matching and planning ahead obsolete, too.

                      Basically, this is designed to maximize profits by “optimizing” how customers get screwed over.

                      1 Reply Last reply
                      3
                      • Sunshine (she/her)S Sunshine (she/her)
                        This post did not contain any content.
                        Link Preview Image
                        Competition Bureau seeking public input on algorithmic pricing

                        OTTAWA - The Competition Bureau says it's looking for public input as it delves deeper into the rising trend of companies using algorithms to set prices.

                        favicon

                        thecanadianpressnews.ca (www.thecanadianpressnews.ca)

                        M This user is from outside of this forum
                        M This user is from outside of this forum
                        melsaskca@lemmy.ca
                        wrote on last edited by
                        #14

                        What about fucking cost accounting? That is closer to the truth of value than charging what you “feel”. Cost accounting is transparent. Fair for everyone.

                        1 Reply Last reply
                        0
                        • H hellsbelle@sh.itjust.works

                          I have to add an attachment in order to submit. 😕

                          Maybe I should just send a meme.

                          the Howling NorthT This user is from outside of this forum
                          the Howling NorthT This user is from outside of this forum
                          the Howling North
                          wrote on last edited by
                          #15

                          I sent this.

                          H 1 Reply Last reply
                          3
                          • the Howling NorthT the Howling North

                            I sent this.

                            H This user is from outside of this forum
                            H This user is from outside of this forum
                            hellsbelle@sh.itjust.works
                            wrote on last edited by
                            #16

                            Thanks. Gonna search my images now.

                            1 Reply Last reply
                            1
                            • P Phoenixz

                              How about we ban all of that crap, then? Because algorithmic pricing will be abused, we all know it because things like these always get abused because the abuse is so damn simple.

                              An absolute no to this

                              T This user is from outside of this forum
                              T This user is from outside of this forum
                              teppa
                              wrote on last edited by teppa@piefed.ca
                              #17

                              What is the outcome you want, to have prices stay the same?

                              I’m just saying they cant stay the same, if prices do fall then the Bank of Canada will do QE and buy mortgage bonds to push prices up, so what is it you think you are fighting by banning algorithm?

                              1 Reply Last reply
                              0
                              • Z zipzoopaboop@lemmynsfw.com

                                It’s collusion out in the open

                                K This user is from outside of this forum
                                K This user is from outside of this forum
                                kichae@lemmy.ca
                                wrote on last edited by
                                #18

                                “It’s computers, so it doesn’t count for some reason”

                                1 Reply Last reply
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