3 ms·
> Why does surplus only matter if you capture it after the bubble pops? Doctorow's saying the opposite about Uber. * Uber offers cheap ride through a cnvenien
by worik 3y ago
> Why does surplus only matter if you capture it after the bubble pops?
Doctorow's saying the opposite about Uber.
* Uber offers cheap ride through a cnvenient app and lets drivers keep a lot (?) of the rewards
* Drives taxies out of business
* Uber raises prices and lowers drivers' rewards
* Now more expensive and less reliable than ever
He built a whole economic theory around it, even coined a name for it: Enshitification.