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Wow...this rational sounds so irrational. Simple economics tells us that when demand far exceeds supply, prices rise. A natural disaster will cause prices for m
by marcamillion 14y ago
Wow...this rational sounds so irrational. Simple economics tells us that when demand far exceeds supply, prices rise. A natural disaster will cause prices for many things to increase.
There is MUCH more social utility for Uber to double & triple prices to ensure there are private cars (i.e. supply) than leaving tons of people stranded.
It's just the market at work....no need to attack them, just don't pay the rate.
If you are stuck on the corner, and water is headed your way, I can guarantee you - you would pay almost anything to get out of there. Just paying 2X or 3X - depending on your perspective - is almost a steal.
I don't live in NYC, nor am I an Uber customer - but if I were stranded in NYC and wanted to leave, I would be glad to pay any rate I could afford.