Why are lawmakers crusading against surge pricing in restaurants?

Why are lawmakers crusading against surge pricing in restaurants?

Gig companies like Uber and Lyft have popularized the economic concept of dynamic pricing (also known as "surge pricing"), making it a common phenomenon in our modern economy. Now, some restaurants are also considering more advanced dynamic pricing models, which has led to intense pushback from the political left. In 2024, fast-food chain Wendy's made waves with an announcement that it was investing $20 million in digital menus, which would allo…