by Will Wilkinson
There’s something about Uber, the popular ride-sharing service, that brings out the nutty in people. During the awful hostage situation yesterday in downtown Sydney, the volume of people trying to get out of Dodge by beckoning an Uber car kicked the app’s surge pricing into effect. This is most sensible. You see, the increase in demand (and no doubt the dangerous conditions) had reduced the supply of available drivers, leaving many of those desiring a car without one. Surge pricing sweetens the deal for drivers, drawing idle supply into action, helping to ensure that those who want service can get it. This does not amount to the exploitation of a dire situation. It is the best way to ameliorate it. The alternative to temporarily higher prices is a total lack of cars, not a bunch of open cars at normal non-surge pricing. This ought to be obvious, but apparently…
View original post 885 more words
Utopia, you are standing in it! 
Recent Comments