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> The amount of privacy a rich man will get by paying $1000, a poor man can get it for $1 No, privacy is not autographs. Thats not how this works. The rich ma
by vineyardmike 5y ago
> The amount of privacy a rich man will get by paying $1000, a poor man can get it for $1
No, privacy is not autographs. Thats not how this works.
The rich man is paying a private shopper to use the PS's face in the facial recognition system and card tracking system. the PS gets the ads, but not the rich man. The rich man's habits are still tracked (by proxy, assuming PS doesn't shop personally at same store). At best, the rich man gets his habits co-mingled with PS to get slightly higher anonymity.
> The same can be said for loyalty cards. The one who can afford not to use loyalty card will earn the shop more profit (because no discount), meaning that it can offer bigger discounts to others.
Hmm makes sense at face level, but why would stores offer discounts to their worst customers? My credit card offers discount to those who spend 10k+ on private jets presumably because those people outspend enough to justify the cost
- svachalek 5y agoIt's called price segmentation. Make the same product available at multiple price tiers, but make the lower prices more time consuming and difficult to get. Clip a coupon, file a rebate, join a club. Then you get the best of both worlds, you extract a maximum price from well to do shoppers but have an optional price that still attracts the bargain hunters.
- EVa5I7bHFq9mnYK 5y agoOften same product with a different price sits on the same shelf in a supermarket. Some (most, in fact) people will buy a costlier version, because they can afford to pay more for (perceived) better quality.