Uber’s disastrous economic cocktail: Manipulating supply and demand

Back in March, I wrote about how Uber’s ride-hailing business was having an absolute downer. One that had been spurred on by a drop in rider numbers thanks to COVID-19, and legislative rulings over how it classifies its drivers. It was shaping up to be a fight between David (the drivers and lawmakers) and Goliath (Uber). At the time, I professed that David was yet to find his projectile, but now, I’m questioning whether he’ll need one at all to force Uber to change how it treats its drivers. Since writing that article, I had a number of Uber drivers…

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