The “crime panic” was a myth. But an analysis by The Appeal shows the narrative helped local police buy facial recognition software, drones, license plate readers, social media surveillance tech, and more.

  • Aux@feddit.uk
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    4 days ago

    You will once the prices will go up to offset losses to theft. The theft doesn’t hit the chains, it hits your pocket.

    • Nalivai@lemmy.world
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      4 days ago

      Even if everthing they were saying was true (it wasn’t), the amount of shoplifted goods pales in comparison with the amount of money their CEOs pocket just because they feel like. If you’re really concerned about the losses, maybe that’s what we need to panic about

    • Traister101@lemmy.today
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      4 days ago

      Stores have a obscene loss rate from workers damaging product, forgetting to scan it out, it simply coming broken and other such “Just business” costs. Theft is seriously just not a problem. I work at a Fred Myers and awhile back we locked up our soap isle and whatever. Know what we do now? We leave that shit unlocked because it’s stupid and a waste of people’s time to have to go and open it up. Know what else we did? We installed a new system for the carts which is supposed to prevent theft (if you don’t go through self checkout or a register one of the wheels locks up when you try to leave). I has been believe 3 months now. It’s either still not actually been activated or people who steel stuff don’t use carts… weird. And my final thing is how just completely irrelevant even pretty significant numbers are in the grand scheme of things. I know for a fact we’ve had 10k worth of stuff get yoinked. Good chunk of money, no debating that however how much of an impact does that actually make on the store? A single department makes more than that in a day in profit. If that doesn’t immediately seem possible that’s only 100 people spending $100 each (assuming 100% profits for simplicity). That’s like an hour ish if two registers are open and self checkout is closed.

      TLDR theft (at least for the big stores) is completely irrelevant, it’s such a small slice of the pie compared to other losses.