@wycats @mentalguy @susie_c really? why? Is this not the whole supply and demand thing? Growing supply reduces compensation for drivers.
@mentalguy @susie_c Uber drivers have an interest in a successful and growing Uber; they're not purely competitors.
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@nimbusgo@mentalguy@susie_c Wages don't work like that (contra conservative assumptions): http://krugman.blogs.nytimes.com/2012/07/22/sticky-wages-and-the-macro-story … -
@wycats@mentalguy@susie_c well uber drivers don't have wages. They have fares. If they were employees maybe it would be different. -
@nimbusgo@mentalguy@susie_c Hm. It's possible that wage stickiness doesn't apply to independent contractors! -
@wycats@mentalguy@susie_c isn't that the whole idea? They don't get paid as much if they don't drive as many people. -
@nimbusgo@mentalguy@susie_c Wage stickiness is just the empirical observation that prices stay higher despite supply/demand expectations -
@wycats Yes, there are all sorts of non fluidity in employment. However, Uber is striving to create a market that's as fluid as possible. -
@nimbusgo They're trying :) - 4 more replies
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