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"This is a win-win-win for drivers, passengers and cities. It means Uber now has the correct economic incentives not to oversupply the market with too many vehi

"This is a win-win-win for drivers, passengers and cities. It means Uber now has the correct economic incentives not to oversupply the market with too many vehicles and too many drivers," Doesn't "oversupply" lower the prices for passengers? I myself often check the Uber price, and decide if I want to take it, or use public transport if Uber's too expensive.

kjakm 6y ago
Oversupply might mean lower prices (or easier to get a ride) but it also means it's almost impossible for any driver to make a living. That leaves you with drivers who can only drive part time/as a second job while old fashioned full-time/one job taxi drivers slowly get driven out of the market. What's good for some consumers isn't always good for society.
- saddlerustle 6y ago
  Who decides which drivers are allowed to drive and which should get no income at all?
  - nemo44x 6y ago
    They’ll form a union and distribute work based on seniority so anyone young and ambitious but without union connections is blocked out.
    - pmyteh 6y ago
      Just FWIW this isn't at all how British unions work. Closed shops are illegal and workers are selected by the employer, not by the union. Seniority might come into play if a workplace with a union recognition agreement wants to implement redundancies, but even then the old 'last in, first out' principle is rarely used because employers would normally rather shed their expensive older workers.
M2Ys4U 6y ago
>Doesn't "oversupply" lower the prices for passengers? If oversupply means drivers have to work very long hours to make a living, they're more likely to be tired and thus get in to an accident with me in the car.
dan1234 6y ago
In my city, Uber (especially with their surge pricing) is usually more expensive than the traditional private hire cabs (all of whom now have apps of at least acceptable quality).
mytailorisrich 6y ago
Indeed, an "oversupply" of taxis is good for consumers, but of course it is not sustainable. Uber has been a very good thing for consumers through their own service and because they have forced taxis to improve to compete. Taxis are fighting for their own interests that do not necessarily align with consumers' but of course it's not good for PR so they try to spin it in a different way.

kjakm 6y ago

Oversupply might mean lower prices (or easier to get a ride) but it also means it's almost impossible for any driver to make a living. That leaves you with drivers who can only drive part time/as a second job while old fashioned full-time/one job taxi drivers slowly get driven out of the market. What's good for some consumers isn't always good for society.

saddlerustle 6y ago
Who decides which drivers are allowed to drive and which should get no income at all?
- nemo44x 6y ago
  They’ll form a union and distribute work based on seniority so anyone young and ambitious but without union connections is blocked out.
  - pmyteh 6y ago
    Just FWIW this isn't at all how British unions work. Closed shops are illegal and workers are selected by the employer, not by the union. Seniority might come into play if a workplace with a union recognition agreement wants to implement redundancies, but even then the old 'last in, first out' principle is rarely used because employers would normally rather shed their expensive older workers.

M2Ys4U 6y ago

>Doesn't "oversupply" lower the prices for passengers? If oversupply means drivers have to work very long hours to make a living, they're more likely to be tired and thus get in to an accident with me in the car.

dan1234 6y ago

In my city, Uber (especially with their surge pricing) is usually more expensive than the traditional private hire cabs (all of whom now have apps of at least acceptable quality).

mytailorisrich 6y ago

Indeed, an "oversupply" of taxis is good for consumers, but of course it is not sustainable. Uber has been a very good thing for consumers through their own service and because they have forced taxis to improve to compete. Taxis are fighting for their own interests that do not necessarily align with consumers' but of course it's not good for PR so they try to spin it in a different way.