Uber CEO balks after a reporter tells him the cost of his 2.9-mile Uber ride: ‘Oh my God. Wow.’::undefined
Does a CEO even know the value of $20 or $51? Isn’t that the same as $0 to them?
Next ask him how much a $10 meatball sub delivered from 2 miles away should cost.
“With Uber, the vast majority of your fare is going to your driver. Earnings per week for our drivers are up 40, 50 percent over the past four years, because that is the cost of time and the cost of labor. I think that’s positive.”
Unless you are working in the gastronomy, then your work and time is worth shit
The fact that a 2.9 mi car ride costs $50 with a tip is fucking insane. This country is absolutely backwards when it comes to transportation. Everything is nearly car centric. Minimal options for alternatives.
People who have never experience good public transport don’t know what they’re missing tbh. When I lived in Japan for a few months I could get around the whole city without much planning. It was so freeing not having to think about transportation. I think public transportation + last mile assistance (e-scooters, e-bikes etc.) is by far the most efficient an free transportation experience out there.
I recently got a folding e-bike in a city with great public transport (a folding bike can be carried along at any time, regular bikes only outside rush hours). Now I can be anywhere in the city within about 20mins, which is very liberating. I’m actually faster than going by car due to being able to bypass traffic jams, and not even including the 20mins+ needed for finding a parking spot.
Some popular neoclassical economic models rely on the “No-Ponzi-Scheme” condition being true. Essentially meaning that Capital can’t become negative because there are no ponzi schemes which affect the economy.
This seems like that assumption is just one of the wrong ones.
