Why Uber is a Net Benefit to the Economy
John McDermott
52

Currently Uber is subsidized by venture capitalists. The consumer surplus might easily turn into a consumer deficit if Uber managed to get rid of the competition (eg taxicabs). Probably won’t happen, and the VCs will lose their money, but it seems unlikely in any case that Uber could sustain itself without huge fare increases if it truly had to bear all the eventual costs.

One clap, two clap, three clap, forty?

By clapping more or less, you can signal to us which stories really stand out.