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There are tons of papers on the information asymmetry in ride sharing. I’ve seen more than one paper claim that after fuel costs and depreciation Uber drivers a
by colinmhayes 4y ago
There are tons of papers on the information asymmetry in ride sharing. I’ve seen more than one paper claim that after fuel costs and depreciation Uber drivers are on average making less than the minimum wage. But since those costs can be quite high drivers believe they’re making a decent bit above minimum wage. This would easily be solved by regulation forcing Uber to spell these costs out on paystubs, the only downside is that drivers would demand more.
- daenz 4y agoAs someone generally hesitant about regulation, I'm down with this. Markets can only function well when this kind of information is freely available.