Uber Reverts Back to Surge Pricing in New York After One Day
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Re: Uber Reverts Back to Surge Pricing in New York After One Day
#2Previous discussion:
Re: Uber Reverts Back to Surge Pricing in New York After One Day
#3Here's my question, gas stations are closing here in NJ when running out of gas. Why aren't they jacking up the price to astronomical rates? There are lines for miles to the gas stations that have electricity. Is this a failure of capitalism in the face of human compassion or what?
Re: Uber Reverts Back to Surge Pricing in New York After One Day
#4Here's my question, gas stations are closing here in NJ when running out of gas. Why aren't they jacking up the price to astronomical rates? There are lines for miles to the gas stations that have electricity. Is this a failure of capitalism in the face of human compassion or what?
Price gouging during an emergency is illegal in NJ and Christie plans on going on the warpath after this is over.
Re: Uber Reverts Back to Surge Pricing in New York After One Day
#5Here's my question, gas stations are closing here in NJ when running out of gas. Why aren't they jacking up the price to astronomical rates? There are lines for miles to the gas stations that have electricity. Is this a failure of capitalism in the face of human compassion or what?
New Jersey has an "Anti-gouging" law that makes it illegal for retailers to increase prices by more than 10%.
Re: Uber Reverts Back to Surge Pricing in New York After One Day
#6Here's my question, gas stations are closing here in NJ when running out of gas. Why aren't they jacking up the price to astronomical rates? There are lines for miles to the gas stations that have electricity. Is this a failure of capitalism in the face of human compassion or what?
New Jersey has an "Anti-gouging" law that makes it illegal for retailers to increase prices by more than 10%.
Thanks, my curiosity is sated.
Re: Uber Reverts Back to Surge Pricing in New York After One Day
#7Here's my question, gas stations are closing here in NJ when running out of gas. Why aren't they jacking up the price to astronomical rates? There are lines for miles to the gas stations that have electricity. Is this a failure of capitalism in the face of human compassion or what?
Price gouging during an emergency is illegal in NJ and Christie plans on going on the warpath after this is over.
A price increase of more than 10% during or 30 days after a declaration of a state of emergency in NJ is prohibited.
http://tinyurl.com/a7j2vgo
Re: Uber Reverts Back to Surge Pricing in New York After One Day
#8Here's my question, gas stations are closing here in NJ when running out of gas. Why aren't they jacking up the price to astronomical rates? There are lines for miles to the gas stations that have electricity. Is this a failure of capitalism in the face of human compassion or what?
Price gouging during an emergency is illegal in NJ and Christie plans on going on the warpath after this is over.
>Christie plans on going on the warpath
Can you elaborate? Does he want to remove the anti-"gouging" laws?
Re: Uber Reverts Back to Surge Pricing in New York After One Day
#9I think they've done the right thing; you need a way to balance supply and demand. This is just one way.
You can still hail a cab the old way, right?
Re: Uber Reverts Back to Surge Pricing in New York After One Day
#10In a disaster situation if there is no elasticity between price and supply then price gouging laws (social or legal) make a lot of sense. For example, if there's a fixed amount of water around regardless of price people shouldn't be able to raise prices.
But in this case there IS elasticity between price and supply, right? Uber is claiming that they'll deliver better service by increasing prices, because supply will increase proportionally. Thus, a functioning economy.
AND Uber is waiving 100% of their fees! Price gouging? Really?
(Side note: NYC would have more capacity for handing this emergency had they not given an artificial monopoly to cab companies over the last century, vis-a-vis medallions. I realize we can't change the past. Let's just be aware of it so we can learn how to improve.)