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I can also read this article as a reason why Uber should be regulated more like cabs so folks don't get stuck with a $67 dollar cab ride for going less then a m
by mikeryan 15y ago
I can also read this article as a reason why Uber should be regulated more like cabs so folks don't get stuck with a $67 dollar cab ride for going less then a mile.
In fact in Uber's unregulated market there were still too few cars on the road and it lead to artificially high prices it seems like this article is arguing for regulation.
- tomjen3 15y agoYou could argue that Uber didn't make it obvious what the price would be, which might make them liable. But in general these people didn't pay to drive a mile but to drive a mile on the busiest day of the year. That costs. The alternative -- and the reason people didn't use regular cabs -- is that there aren't enough of them. So either you get shortages or you get higher prices (which are good, since they incentivice those who don't value the transportation as much to walk).