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> What used to be a $9-10 Uber ride is now $19-20. What I can walk in 10 minutes now costs $11. That's... ridiculous. That's... the market clearing price. It'
by T-hawk 8y ago
> What used to be a $9-10 Uber ride is now $19-20. What I can walk in 10 minutes now costs $11. That's... ridiculous.
That's... the market clearing price. It's pricing a scarce resource (road space) to demand. If you're not willing to pay that $19 or $11 but someone else is, they should get that ride while you walk.
The city should be looking to price transportation options to shift usage patterns toward matching available supply. Road space for cars is the scarcest, followed by space on subways and buses, then pedestrian space as the most plentiful.