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This is a possible outcome of increased regulation but not a necessary one. It can also lead to a redistribution of economic rents, in this case from Uber share
by jcfrei 4y ago
This is a possible outcome of increased regulation but not a necessary one. It can also lead to a redistribution of economic rents, in this case from Uber shareholders to drivers, while the market equilibrium (number of people offering car rides) stays the same.
- npc12345 4y ago> but not a necessary one. I know, but, a friggin 1 billion fine? They're most likely just pulling out of Switzerland altogether.
- hardboiled_ 4y agoIt's not a fine. It's what Uber owes in social security back payments as well as other obligations to their drivers, for instance, compulsory accident insurance.
- npc12345 4y agoYes I know, we all know, everyone who read the article knows. It's still a thing they have to pay to the government. Jeez.