Monday, January 27, 2025

MAGA rubes are getting a slap in the face

Not only is Trump not doing anything to bring down prices (as if he could), he's actively encouraging price hikes.
FTC Chairman Andrew Ferguson has zeroed in on a singular supposed cause for all of the economic problems: DEI.

[...]

[Commissioner Alvaro] Bedoya described Ferguson as “uninterested in the challenges that regular human beings face,” he pointed to five requests for information that the FTC had asked for public input on. That included a question as to how the Commission could protect workers from illegal business practices like noncompetes and no-pouch clauses, combat predatory pricing, and help small businesses.

Perhaps most notably, Ferguson shut down comments on a request regarding surveillance pricing practices, including looking into how companies collect and trade upon people’s personal data and use that information to set different prices for products.

The practice has become increasingly commonplace, especially online, where companies have access to a wealth of user data as a person shops around for goods and services. It’s a practice that might be most associated with airplane tickets—for years, it has been believed that airlines change prices based on how often a consumer looks at a flight. But a recent FTC study, published just before the Biden administration ended, found that the practice is much more widespread. Former FTC Chair Khan warned that companies were setting “targeted, tailored prices for goods and services” based on everything “from a person’s location and demographics, down to their mouse movements on a webpage.”

  Gizmodo


...but hey, do what you want...you will anyway.

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