I will write a big paper on Uber to talk about it and dispute it's policies. Mainly, I will discuss how it is not the champion of the free market, which it pretends to be.

Thank you. Your the hero we all have needed

 

But not the one we deserve.

 

... repressed academic. LOL

 

@Sacto Burbs im very repressed. I hope you will become too for laughing at the situation. What are you, a proud Uber driver?

 

Damn straight I am.

I've been helping out a neighbor for a reasonable price for the last three weeks taking him to work and bringing his car home so my insurance is covered. I had to turn on the alarm every single morning ...I said to hell with that, and told him very politely that I'm not available anymore.

Alarm off. Uber on. ...

 

I will write a big paper on Uber to talk about it and dispute it's policies. Mainly, I will discuss how it is not the champion of the free market, which it pretends to be.

Uber is just taking advantage of the system. It's the system that needs to be changed. We need unions to keep them in check - not more government involvement.

 

I will write a big paper on Uber to talk about it and dispute it's policies. Mainly, I will discuss how it is not the champion of the free market, which it pretends

I will write a big paper on Uber to talk about it and dispute it's policies. Mainly, I will discuss how it is not the champion of the free market, which it pretends to be.

Bring Uber a copy.

Uber LOVES PAPERS !

 

the Basic argument is that Uber is taking in way higher profit than that of the perfect competitive rate it gives to its driver. Granted it allows for tips, and so it allows for some “building a brand,” which means less competition. But as a driver, one does not yield much power over his or her paycheck. For one, I believe there should be way more transparency and autonomy to be called a free-market.
Ain’t nothing wrong with being a proud anything, by the way. That is not what I was trying to say.

 

the Basic argument is that Uber is taking in way higher profit than that of the perfect competitive rate it gives to its driver. Granted it allows for tips, and so it allows for some "building a brand," which means less competition. But as a driver, one does not yield much power over his or her paycheck. For one, I believe there should be way more transparency and autonomy to be called a free-market.
Ain't nothing wrong with being a proud anything, by the way. That is not what I was trying to say.

At best Uber part of a duopoly (at least in the US). There isn't a serious trietary competitor in the ride share market itself to raise Uber or Lyft to Oligopoly levels.

Profit is not bad, it's just how about you go at making your profit which makes a company successful.

 

Free market? Profits? Before you write that paper you better define your terms.

Uber has never turned a profit.

Two companies have almost 100% of the market and they set our wages exactly the same within days of any change.

Look up the history of “piece work”

 

Free market? Profits? Before you write that paper you better define your terms.

Uber has never turned a profit.

Two companies have almost 100% of the market and they set our wages exactly the same within days of any change.

Look up the history of "piece work"

Free market by eliminating mom & pop taxis to have Global Technology Monopoly by a handful of Corporations ?

O.k.

I liked Uber better when they were illegal

Now the " Revolution" is over
So is the PAY

Uber is just taking advantage of the system. It's the system that needs to be changed. We need unions to keep them in check - not more government involvement.

UNION
DRIVERS RIGHTS !

We NEED REPRESENTATION.

WHEN IS THE LAST TIME " GOVERNMENT " ACTUALLY REPRESENTED THE PEOPLE ?

They SELL US OUT FOR PERSONAL GAIN !

 

According to the former CEO, every Uber city is profitable. I can find the YouTube video if you like. I can't imagine them not being profitable. They are controlling an army of drivers, which they pay them crap. You think they are paying for their R&D with chump change? They are a private company, so you and I can never know, bud.
@Sacto Burbs hahahaha I can't believe you think Uber is not profitable right after you claimed that they collude in wages as an oligopoly. Bro, they making hella money on the backs of you and me.
Even if they don't collude to lower the rates, as they have been according to @Sacto Burbs, they have no incentive to raise the rates. There are two players in the market, and they have what is called a reaction function that corresponds to the price-setting of the opposite rideshare company. But through game theory, which means playing a game of setting the prices that matches their best interests, they arrive at an equilibrium which allows both company to pay lower wages. Uber should be broken up to competing firms. It is effectively a Monopoly.

 

They aren't profitable. They lose about $1 BILLION every quarter & now have very little cash left. You will see more aggressive changes coming as they try to stay alive.

The race to the bottom is getting hot n heavy! Uber on!

 

I will write a big paper on Uber to talk about it and dispute it's policies. Mainly, I will discuss how it is not the champion of the free market, which it pretends to be.

Go get 'em!

 

Mainly, I will discuss how it is not the champion of the free market, which it pretends to be.

Uber is the champion of the free market, as it has successfully managed to disrupt an industry that existed for more than half a century. It delivered a product that captured the customers which helped it grow tremendously. Can't get any more free market than that. Now, whether that success is sustainable or not is anyone's guess.

 

@Pax Collector the definition of the free market means many, many competitors. The only competitor of Uber is Lyft. So no, Uber does not operate even close to a competitive (free market) player and is not the champion.

 

I think you're missing the point here.

The fact that even Lyft is allowed to exist and compete with Uber is an example of a free market. And also, there's other smaller rideshare apps that have original after Uber which dominate certain markets. Who knows where those small companies be in the future....maybe they'll take over Uber. Anyone with an app and good funding can start a ridesharing company. Try that in a non-free market.

Uber isn't a monopoly, rather a pioneer to this new trend called ridesharing. They do, in fact have a huge chunk of the market. However, if some other company decides to take over and shift that balance, there's nothing stopping them except money.

One major aspect of a free market is the price of the goods and services is determined by the competition that exists between privately owned companies. Uber and Lyft's current race to the bottom lowering of fares and cutting rates is another classic example of a free market.

These are the facts. Simple hatred towards Uber isn't a valid argument.

 

I will write a big paper on Uber to talk about it and dispute it's policies. Mainly, I will discuss how it is not the champion of the free market, which it pretends to be.

You're too emotionally involved to be objective.
Being objective means that you are not influenced by personal feelings, interpretations, or prejudice; based on facts.

You're just another cry baby driver blaming uber for ALL ur problems while not taking any responsibility for ur own decisions.

Good luck with ur big hate paper

 

@ECOMCON okay, bud. You sound like an Uber representative for all we know. To say Uber is paying out a fair wage to its employees is immature as hell. Plus, you don't know anything about research. The only thing that needs to be objective is the methodology, not what you are researching. Stop sounding smart ;-)
@Ant42 ya, thanks for pointing that out. Yes, it is a duopoly with the whole stackelberg function that I missed on the exams.

https://policonomics.com/stackelberg-duopoly-model/

 

@ECOMCON Umm...okay
Here, watch a video and learn something, so next time you can pretend better

 

@ECOMCON Umm...okay
Here, watch a video and learn something, so next time you can pretend better

Go away.
Research is more than 1 article and 1 video.
It starts with earned recognized credentials
Which u ain't got.

You're a keyboard warrior just like the obese shut in woman wearin a moomoo chain smoking parliament cigarettes.

I'm done with ur noise

 

There are more videos than one :-D
You are the one that attacked me. Leave my thread. Fool! @ECOMCON

 

@Pax Collector. The definition of a free market is having very little market share, and Uber and Lyft have almos 100%. Book closed. Stop telling me Uber is competitive where it only competes with one other player, which it dominates. The price cutting has to do with their marginal cost, which I explained in the other thread that you were present in. Go look up the definition of free market and competition versus duopoly and monopoly. No point arguing with you. You sound like those people that never wants to be wrong.

 

@Pax Collector. The definition of a free market is having very little market share

Google: free market. Start there.

 

@NorCalPhil already thought of that. But the Uber delivery is so much more customizable for the rider, and it offers so much more consumer surplus that it can be considered on its own. It is at a different price point too.
We are talking about the Taxi/Uber market, remember?

 

@NorCalPhil already thought of that. But the Uber delivery is so much more customizable for the rider, and it offers so much more consumer surplus that it can be considered on its own. It is at a different price point too.
We are talking about the Taxi/Uber market, remember?

Doesn't matter. Its all transportation. You're defining the market to narrowly. That dude who practices naked underwater basket weaving and sells his unique Putzy Pots (which he holds a patent for) may seem to have 100% of the fancy underwater pots market, but he's still competing with other groups making baskets, bags, bowls, etc. and nothing is preventing suzy from entering that market with her own take on craptastic pottery.

Similarly, there is nothing preventing Rideshare Company Z from entering the market, though its hard to compete with billions of investor money, it is being done. I was recently in Austin for a conference and found Fasten, Ride Austin, Wingz, InstaRyde and a couple others were all available.

 

For all you that think Uber is operating in a free, competitive market, please watch the following:

The following quotes are from the following video that describes a free market:

where the laws and forces of supply and demand are free of any government intervention or any Price-Setting Monopoly Or Any Other Authority.
"It typically entails support for highly competitive markets and private ownership of productive enterprises."

An example of a free market would be like eBay, where drivers and riders can bit on prices.

Uber is a monopoly, guys! Wake the F up eeking:
@1995flyingspur so what? Heard that a million times before. It is still a company which is highly valued. It will be one of the biggest IPO, if not the biggest. We all heard that before. You guys act like Uber is going anywhere. Even the shark tank's mark cuban knows he ****ed up
Let's stand up to the robber barrons of the 21st century. ✊:ninja:

 

where the laws and forces of supply and demand are free of any government intervention or any Price-Setting Monopoly Or Any Other Authority.
"It typically entails support for highly competitive markets and private ownership of productive

So, is there any government intervention on ridesharing that pertains to price setting? No.

Does Uber have competitors? Yes.

Is there basic supply and demand in play with regards to their operations? Yes.

I'm somehow still not convinced that Uber is a monopoly and the market isn't free.

I rather you don't participate in this thread.

That's not how you prove a point, btw.

 

The definition of a free market is having very little market share, and Uber and Lyft have almos 100%. Book closed.

Are you sure about that?

Look for a better and more accurate definition. Then we'll talk.

 

@Pax Collector I just did. Look at the previous post
@Pax Collector no one is looking for your stamp of approval. If you call Uber the champion of the free market. I rather you don't participate in this thread.

 

. I rather you don't participate in this thread.

If wishes were horses ...

 

@PAX leave bro
Go start your own thread

 

Did he just assume my gender?

 

Sí

 

They aren't going public. At least not as a Ride-share company.

I admit, this got my own tinfoil hat tingling. Care to share your theory?

 

I don't believe a bank would underwrite without an actual plan to profitability. One fact we do know, if they could profit, they would profit.

Maybe they will start a courier business or invent some amazing supply that nobody realized they needed but as is...Uber is a loser of cash, boat loads of cash, and there are very sensitive variables at play when driver compensation gets cut or prices get increased.

Then again, stupid is stupid does. Look at the banks and what they caused in 08'-09'.

We shall see, but just my opinion.

 

"The losses were a result of Uber's increasing its spending as it tries to outmuscle competitors,"

https://www.google.com/amp/s/www.nytimes.com/2019/02/15/technology/uber-stock.amp.html

Uber is very profitable. ANY company that turns around and spends all their revenue on growth and calls it an expense is not "profitable."
Growth. Growth. Growth.
They are making billions for giving us $140 a day for a 5-6 hours of driving. Honestly, I can't wait to not be Uber driver anymore