Submitted by coolguy4206969 t3_yxqom4 in nyc
TeamMisha t1_iwtjm34 wrote
Reply to comment by nycdevil in New York taxi drivers to get first raise in 10 years, riders will pay 23% more by coolguy4206969
You may be waiting a long time. It was only in the past 1-2 years if I recall right that Uber changed their financial prospectus and shareholder info on their long term strategy. Originally, yes the entire system was predicated on removing the biggest cost: labor, through automation. But then, to no one's surprise, the cost of development and lobbying for regulation of fully autonomous vehicles in challenging environments become apparent. Uber cut back development money and no longer is "counting" on automation, hence the rising prices, because they know they cannot survive for potentially many years losing money "waiting" for automation that may never even come. If they were confident that automation was near we'd still see low prices to suck everyone in, but I think they had a come to Jesus moment lol
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