Curious to hear peoples thoughts for a very relevant problem facing the gig economy. How should Uber and lyft manage or solve the rising ride prices? How can they incentivize drivers to return and in the meantime, keep prices low for price sensitive riders?
Doesn't seem like a problem they need to solve, i.e. supply/demand will sort this out, unless I'm missing something...
Prices are a reflection of demand as well as supply. Maybe consumers need to shift their perception of pricing. I donât think Uber or Lyft will do anything about this.
I agree with the perception aspect, Especially when both companies have been heavily subsidizing rides. Do you not think itâs a risk if users will rely less and less on both companies aka long term impacts?
Then you should be looking at ride volume, not pricing statistics. Also who says Uber and Lyft have been heavily subsidizing rides? This is essentially the same as seeing gas prices go through the roof and saying that Chevron should subsidize gas prices because people will switch to something else long term. For the rideshare use case, there is simply no alternative option - if I need to get from point A to point B quickly and I donât have a car, Uber/Lyft is the only option.
Well, gas prices are rising
Squeeze oranges
Oranges arenât cheap either By the way flagged
Do you work at Uber or Lyft? đ