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Sure, they "compete", but would you be surprised if they have some kind of under-the-table agreement to keep prices high and payments low...?
by danaris 10mo ago
Sure, they "compete", but would you be surprised if they have some kind of under-the-table agreement to keep prices high and payments low...?
- qcnguy 10mo agoYes. There isn't any need for collusion to keep driver wages at subsistence level in this market. Driving takeouts around is a nearly zero skill required job. Anyone who can pass a driving test can do it. Labor supply is nearly unlimited. Basic economics: lots of supply, limited demand = low prices. Why would it require collusion?
- danaris 10mo agoThat's also a reasonable argument—comes to the same thing in the end, though. DoorDash and Uber still keep their payments low while retaining their dominant positions in the market.