US Politics on Sidechat | Surge pricing and personalized pricing is actually a beautiful example of economics 101. The uber drivers get more money, and people who want a cab more will get it if they’re willing to pay. So yes I do think it’s fine for a cab to cost $150 on new year

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Surge pricing and personalized pricing is actually a beautiful example of economics 101. The uber drivers get more money, and people who want a cab more will get it if they’re willing to pay. So yes I do think it’s fine for a cab to cost $150 on new year

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Anonymous 9w

Profit maximization is not a useful or even reasonable measure for good economic policy.

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Anonymous 9w

Companies have been using dynamic pricing to charge poor people more because they know they're desperate and will pay it

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Anonymous

amethyst_headphone51 9w

You don’t want the uber drivers to earn a bit more for working on new years? That will encourage more of them to drive to meet demand… economics 101 my guy.

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