Uber and Lyft have created a system that surveils workers to utilize desperation and depress pay

Rideshare drivers have experienced shrinking incomes as companies continue to increase their cut from each ride.

Benjamin Valdez , a rideshare driver with Uber and Lyft in the Los Angeles area, used to earn $60 to $85 to drive from West Hollywood to downtown Los Angeles at peak surge.

Valdez says he used to receive an approximately 80 percent cut of each ride fare that he said was "relatively fair".

Federal Trade Commission seeking information from eight companies on so-called surveillance pricing.

Independent contractors working with Instacart and Amazon are similarly surveilled and receive personalized pay based on information including the times of day and length of time they work.

Some companies also use our data to determine the most we're willing to pay for products, and it's possible that we could soon face eerily hyperpersonalized prices.

IBM agreed to reveal to the union the 40 different data categories involved.

These tactics are currently considered legal in the U.S. as long as they don't violate minimum wage or antidiscrimination laws.

An algorithm could find that workers with less savings are less likely to leave a job even when paid low wages.