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by IllIlIIllI 820 days ago
This would make more sense if a $15/hour wage was something out of step with historical wages. It's a big jump right now, but historically it's not out of step with previous periods. What were average wages at taxi companies pre-Uber?

As for self-driving, I'd be a little concerned that a ~$8/hour cost (assuming previous was around $7) puts Uber in an untenable situation, self-driving cars or not. Ultimately there still would be labor force to worry about, no? Currently, drivers are responsible for maintenance, cleanliness, etc. -- once you switch to self-driving, someone else has to do all of that.

1 comments

Comparing them to taxis isn't one-for-one for this context: most municipalities had barriers to entry to prevent just anyone from running a taxi service (i.e. the medallions in NYC).

The business will do the math to figure out what they can get away with. Honestly there probably is a little political posturing here as OP said, but if they return it's because they made the math work, otherwise they'll stay gone.