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ronanfarrow on Instagram: "Price tags, and fair market prices themselves, are increasingly a thing of the past. These days, you’re not seeing “the” price—you’…" Price tags, and fair market prices themselves, are increasingly a thing of the past. These days, you’re not seeing “the” price—you’re seeing “your price.”Before the fixed price became a retail standard in 1861, shopping was an exercise in discrimination where your identity often dictated your cost of living.Today, the protection of fixed prices is being quietly dismantled.Whether it’s grocery chains replacing paper with electronic labels linked to AI, or ride-share companies tracking your battery life—while acknowledging that someone with 1% phone battery is statistically more likely to accept a surge price—the goal is the same: identifying your individual pain point.This logic doesn’t end with consumer goods: legal scholar Veena Dubal’s research shows how Uber, for example, is using algorithms to individualize pay, providing more or less return for the same workload and performance, based on the lowest amount a driver will accept.The next time you see a price on a screen, it’s worth reflecting on whether you’re looking at the value of the product, or the value an algorithm assigned to you.#news #economy #fyp #ai #techView all 2,269 comments https://www.instagram.com/reel/DUoZTfODlBQ/?igsh=MTltdTdjdTY5a3Fkbw==