22 min listen
Why we're all paying different prices online
FromThe Big Story
ratings:
Length:
22 minutes
Released:
Sep 29, 2023
Format:
Podcast episode
Description
You and a friend might be given two different prices by the same website for the same item. Heck, you might be given two different prices yourself depending on where you are when you're browsing the site. It's a phenomenon that began as dynamic pricing—a computer balancing supply and demand to ensure everything was sold at a price the market was prepared to pay—but it's now gone well beyond that.As algorithms become smarter and more advanced, and as we voluntarily offer our devices and the companies we do business with more of our information, the prices you see may take into account things like where you are, what device you're on, your shopping history and... well, everything the machine knows about you. Is this the kind of shopping experience we want? If not, what do we do about it?GUEST: Colin Horgan, writing in The Walrus
Released:
Sep 29, 2023
Format:
Podcast episode
Titles in the series (100)
What's really driving inflation in Canada?: The supply chain is a problem. The cost of raw materials is rising. The cost of labour is up, too. But while we tend to assume inflation is caused by companies hiking prices due to reasons that are beyond their control, the truth is much more complicated. So, how much of Canada's current price hikes are due to market factors, and how much is simply companies taking the opportunity to increase their profits? And what can we do about it? GUEST: Jacob Lorinc, business and economics reporter, Toronto Star. by The Big Story