I don't use uber and won't---you take my joke about min wage too seriously but my feeling is the drivers are being screwed to save the riders a few bucks--I take cabs all the time and have great conversations with the cabbies
I don't understand. Uber drivers aren't kept in the dark about how much they are making. If driving uber was as bad as you are making it out to be, there simply wouldn't be any uber drivers. Considering the startup cost of becoming an uber drive is virtually nothing, there is no incentive to continue uber driving if the returns are terrible. It seems to me you are stating a completely false opinion as fact which is counter to personal uber driver anecdotes and current increases in the number of uber drivers.
Yes - I understand. But thats not what you are saying, nor what Uber really claims.
Uber is really doing it because they can. They try to claim they do it because it will help match supply and demand. But in reality, like I said - I doubt that the market is responsive enough on either side for that to matter.
I dont believe this is true at all. If uber was jacking prices for the sake of it, people would go back to cabs. One of the reasons uber has become so popular was because it was cheaper, and I don't think consumers who need to go from A->B care enough about brand loyalty to use a more expensive option. Moreover, why don't you think the market is responsive? It's extremely trivial to analyze in real time the number of people requesting uber versus current uber drivers in an area. All Uber has to do it set the surge multiplier based off some formula and it can (and is) calculated instantaneously. I mean, how else would you think they do it? randomly?