Mastodawn

Victoria Stuart 🇨🇦 🏳️‍⚧️Oct 14, 2024

Uber started using 'algorithmic pricing' in Canada. Is that a good or bad thing?
https://www.cbc.ca/news/business/uber-algorithmic-pricing-canada-1.7350399

"Uber has found a way to take more money from us," said George Wedge, an Uber driver in Toronto.

* worries AI-based pay model will mean lower wages for drivers. higher fares for riders

#Uber #UpfrontOffers #UpfrontPayment #AI #AlgorithmicPricing #DynamicPricing #corporations #inflation #PriceGouging #consumerism #optimization#CostFunction #LossFunction

Uber started using 'algorithmic pricing' in Canada. Is that a good or bad thing? | CBC News

Uber rolled out a new pay model this week in Ontario, where an AI-powered algorithm determines what drivers earn beyond the distance and duration of each ride. The new pay was launched in B.C. last month and has been used in the U.S. for two years, where worker advocates and drivers say it's a bad deal for them that also hurts consumers.

CBC