Ride-sharing is good for the economy

If you haven’t tried Uber or Lyft, you really should. Drivers are nice, the service is quick, and unlike a taxi, everything from hailing to tipping is done easily through your phone. While taxi unions are crying foul at regulators for slashing fares and upping driver numbers, economists want to see more pink mustaches traversing our city streets. Recently 40 leading economists all either agreed or strongly agreed that ride-sharing is good for the economy. A driving factor behind the vote is that competition increases consumer welfare, and leads to the best prices.

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Ride-sharing is good for the economy

If you haven’t tried Uber or Lyft, you really should. Drivers are nice, the service is quick, and unlike a taxi, everything from hailing to tipping is done easily through your phone. While taxi unions are crying foul at regulators for slashing fares and upping driver numbers, economists want to see more pink mustaches traversing our city streets. Recently 40 leading economists all either agreed or strongly agreed that ride-sharing is good for the economy. A driving factor behind the vote is that competition increases consumer welfare, and leads to the best prices.

Solution News Source

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