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Just another great example of how big data and AI are making the world a better place! I can't wait until they find out roughly how much money I have and charging me accordingly!

Why should rich people pay the same to fly as poor people? Rich people are soooooo much more stylish when they fly.

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Yes, the whole thing seems transparently dystopic.

Set aside the notion of "rich". Perhaps in a few decades it will be impossible to ever "get ahead" because with each dollar you earn, cumulatively all of your vendors will find a way to charge you another $0.99.

Until one vendor figures out they can take the market by charging only $0.98 for each dollar.

By this line of reasoning, every single thing for sale today is at its minimum price.

No. Every single thing (excluding occasional inelasticities) is at equilibrium between upward pressure on price (vendor objective) and downward pressure on price (consumer objective).

My cow is perfectly spherical.

All models are wrong, but some models are useful.

Should be easy to game though if they offer "bargains to induce new users" as per the article.

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