After talking with other rideshare drivers these past couple of weeks, people might see less drivers because of this change.

Lyft plans to ditch surge pricing, which riders hate 'with a fiery passion' | Engadget https://www.engadget.com/lyft-plans-to-ditch-surge-pricing-which-riders-hate-with-a-fiery-passion-170028083.html?src=rss

#Lyft #RideSharing #SurgePricing #TechNews

All told, wage theft and wage cuts by Uber transferred $1b/quarter from labor to Uber's shareholders. Historically, Uber linked fares to driver pay - think of #SurgePricing, where Uber charged riders more for peak times and passed some of that premium onto drivers. But now Uber trumpets a custom pricing algorithm that is the inverse of its driver payment system, calculating riders' willingness to pay and repricing every ride based on how desperate they think you are.

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"For instance, someone traveling from a wealthy neighborhood to another tony spot might be asked to pay more than another person heading to a poorer part of town, even if demand, traffic and distance are the same."

https://qz.com/990131/uber-is-practicing-price-discrimination-economists-say-that-might-not-be-a-bad-thing/

Uber has historically described its business a pure supply-and-demand matching system, where a rush of demand for rides triggers #SurgePricing, which lures out drivers, which takes care of the demand.

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Bowling for $418? Surge Pricing Creeps Into Restaurants, Movies, Gym Class - WSJ https://www.wsj.com/articles/surge-pricing-creeps-into-restaurants-movies-gym-class-bowling-e9c4a395
#bowlling #surgepricing #leisure

Surge pricing is always hateful, but at least with taxis it can be argued that increasing prices incentivises more drivers to start work to meet the demand. Are LNER going to put on more trains when the prices go up?

https://yorkmix.com/uber-style-pricing-planned-for-lner-trains-ticket-prices-to-go-up-or-down-with-demand/

#LNER #SurgePricing #rail