alt Hacker News> when there's competition, such as public transit, Uber will keep its prices competitive. When there's no competition
The when is a bogeyman. It's never happened. We're trading present benefits against a hypothetical downside with easy remedies if it appears.
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ujkhsjkdhf234 • last Wednesday at 8:50 PM
As I mentioned in another comment, Project 2025 calls for cuts to public transit and instead giving funding and subsidies to private companies like Uber or Lyft to provide transit. Republicans already hate funding transit so how do these easy remedies appear to you? If transit was properly funded, Uber wouldn't have done this to begin with.
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Wow. That is basic economics and I see it all the time in the marketplace. Wait until the competition cancels your favorite air route and see what happens to the prices.
What are the easy remedies? Restart public transit?