Question
This week we're studying opportunity cost and the ways it impacts all of daily life.What about Uber and Lyft, the riding sharing companies?A shortage of
This week we're studying opportunity cost and the ways it impacts all of daily life.What about Uber and Lyft, the riding sharing companies?A shortage of drivers has increased prices charged for Uber and Lyft rides. Even after federal unemployment benefits expired in September 2021, most drivers have been slow to return to work for Uber and Lyft. As a result, drivers who have returned are earning more and riders are paying more than they were paying at the beginning of 2021.
Read the attached article Uber and Lyft Thought Prices Would Normalize by Now.Here's Why They Are Still High..
From the article: "Drivers are returning...An Uber spokesman said that 'there are now more drivers on Uber in the U.S. than at any point during the pandemic,'..."
What are some examples of the opportunity cost for someone who decides to be an Uber driver?
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