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Yeah, I think the capital investment situation has certainly improved greatly. The labor situation is still very concerning to me. I'm sure it was awful even b
by ahepp 6y ago
Yeah, I think the capital investment situation has certainly improved greatly.
The labor situation is still very concerning to me. I'm sure it was awful even before uber, but there's a bit of "the devil you know" vs "the devil that will exploit you in a new and terrifying way"
- 908B64B197 6y agoThe issue is: The qualifications needed are basically to be 18 and own a valid driver's license. The labor pool is basically infinite. So naturally offer and demand will dominates the market and an equilibrium will be reached where it's barely profitable to drive. Cities tried to set minimum prices for rides, which in turn reduced the amount of rides so an other equilibrium point was achieved.