It’s so much worse than that. Algorithmic pricing represents the death of what little remains of the American dream. What’s the point of going to college, going to trade school, or working hard to improve your situation in any way? Every time you get a raise, the algorithms will figure out your income is higher, raise all the prices, and completely cancel out your salary increase. What’s the point of doing anything to better your own earning potential at that point? All jobs effectively collapse to subsistence wages, regardless of the amount you’re actually taking home. Might as well just get the least miserable job you can find and just work that until you die of old age.
It’s so much worse than that. Algorithmic pricing represents the death of what little remains of the American dream. What’s the point of going to college, going to trade school, or working hard to improve your situation in any way? Every time you get a raise, the algorithms will figure out your income is higher, raise all the prices, and completely cancel out your salary increase. What’s the point of doing anything to better your own earning potential at that point? All jobs effectively collapse to subsistence wages, regardless of the amount you’re actually taking home. Might as well just get the least miserable job you can find and just work that until you die of old age.