Wednesday, 22 May 2019

invisible hand

In an act of solidarity, drivers who are working a side hustle for the major ride hailing companies exploit the algorithm of supply-and-demand and simultaneously cut off communication to make their dispatchers believe there’s few to no drivers available and thus creating a surge in fares—the drivers’ only means to eke out a profit in what would otherwise be a money-losing errand. This particular union serves travellers at a Washington, DC airport, timing their walk-out to coincide with incoming flights and reconnect after letting dispatch sweat it out for a few minutes and boost the fare price. It is unclear how long such a scheme can continue to take advantage of the tariff model or whether such methods are effective or encourage more grift and graft.