5 ms·

Or simply deadweight loss: the work is not done, the business does not exist, the social welfare function is lost.

• candiodari 10y ago
  Sure but what would this actually apply to ? I get that deliveroo and maybe uber would be out of business, but for instance supermarkets wouldn't be. Is slightly more convenience for the rich (if you use uber and deliveroo, that means you) worth allowing exploitation of the poor ? If so, how much ?
  • sokoloff 10y ago
    Way more people use Uber than just "the rich". Do only "the rich" use taxicabs? Uber is generally cheaper than a cab, so if middle class uses cabs (and overwhelmingly has smart phones), why wouldn't they also use Uber?
  • gozur88 10y ago
    Sometimes it's about bringing comfort and convenience to people who aren't rich. Rich people don't need Uber. Also, poor people generally would rather be "exploited" and employed than on the dole.
    • literallycancer 10y ago
      But maybe they like being employed with favorable regulations even better?
      • ptaipale 10y ago
        Sure, but perfect is the enemy of good.