What Happens When AI Sets Wages

Generative AI is moving from drafting emails to shaping labor markets. On platforms like Fiverr, Freelancer.com, and Upwork, millions of workers rely on hourly rates to compete for jobs. As AI increasingly influences pricing recommendations, business leaders face a critical question: Do large language models (LLMs) make these pricing decisions fairly? Or do they perpetuate the same biases and inequities that have long plagued human labor markets?