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"The company says it takes 20 to 25 percent of the fare. [...]Uber says drivers make around $19 per hour in the top 20 U.S. markets." Do you want inflated taxi
by jimmaswell 8y ago
"The company says it takes 20 to 25 percent of the fare. [...]Uber says drivers make around $19 per hour in the top 20 U.S. markets."
Do you want inflated taxi fares of old, or do you want supply and demand? You can't have both.
- workinthehead 8y agoUh, wrong.
- s73v3r_ 8y ago"Uber says drivers make around $19 per hour in the top 20 U.S. markets." Before or after paying the costs of driving?
- workinthehead 8y agoApparently for all the economic-related punditry, HN still doesn't understand economics. Jim, you do realize that "inflated" (relative term of course, since Uber is more expensive than taxis in some markets) is still part of the supply-demand curve, no? You absolutely have both. Go read a textbook before you chime in next time, k?
- dang 8y agoWe've banned this account for repeatedly violating the site guidelines. Not cool. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- quadrangle 8y ago> or do you want supply and demand? You can't have both There's tons of examples where supply-and-demand gets balanced with other considerations. It doesn't have to be all-or-nothing.