Black drivers used to make pretty good money many years ago, but Uber + market externalities redesigned their systems to "fix" that (mostly through decreasing payouts and high car rental costs)

Most of the drivers providing that service split their time between Uber, Lyft and traditional corporate black car service.

Lots of posts on this topic in the UberDrivers subreddit.

▲

inigyou 8 hours ago | parent [-]

You see that whenever there is value, above starvation wages, flowing to laborers, capitalists see that as a problem and reduce it. Does this seem sustainable?

▲

irishcoffee 3 hours ago | parent [-]

It’s really interesting how you’ve couched the concept of price discovery.

▲

inigyou 2 hours ago | parent [-]

Somehow only laborers get price discovered. Amazon hasn't got price discovered, not has Google, in decades. Weird. It's almost like Econ 101 isn't the whole story.

	▲	irishcoffee 2 hours ago \| parent [-]
		You mean, maybe selling shitty cheap chinese plastic to the lowest bidder has fucked with price discovery? I agree!