Just as we’ve reluctantly accepted dynamic pricing in various corners of our lives – from smart energy metering to Oasis gig tickets – now, it seems, artificial intelligence is coming for your salary. “Surge wages” could be coming soon to a payslip near you.
Consider how dynamic pricing might work in the City: instead of being offered a set annual salary – one based on the requirements of the job and a candidate’s expertise and experience – an algorithm could come up with an ever-changing daily pay rate, one based on your productivity and dedication to the task, perhaps, or your perceived value and committment to the business as a whole. The more all-round competent and irreplaceable an employee, the more they’re paid. Those who are underperforming in a sector with other candidates keen on the role can have their day-rate downgraded until they get the message…
