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I don’t think it even necessarily needs to be a large majority. It just needs to be enough such that the remaining drivers aren’t sufficient to meet demand. Dep
by mikeash 7y ago
I don’t think it even necessarily needs to be a large majority. It just needs to be enough such that the remaining drivers aren’t sufficient to meet demand. Depending on circumstances, that could require anywhere from one driver to all of them.
It’s a great illustration of how supply and demand work to determine prices.
- metalliqaz 7y agoYeah, agreed, but these guys are going for maximum rate, so they have to get as many as possible.
- mikeash 7y agoIndeed. And as the rate grows higher, there’s ever more incentive to defect from the scheme. This should be a case study taught in Economics 101, it’s so pure and clear!
- kevin_b_er 7y agoWell, yes. It will settle at the rate they're actually willing to be paid, not the one their "employer" is setting for them.