Follow Slashdot stories on Twitter

 



Forgot your password?
typodupeerror

Comment: Re:why is the cap a good idea? (Score 1) 152

by Tom (#48917635) Attached to: Uber Capping Prices During Snowmageddon 2015

Hypothetically speaking, if I'm desperate to get somewhere, and I'm willing to pay *whatever it takes*, why is it a good idea to limit the surge pricing?

Because other people will pay for your desire.

Or what about having an auction system where each person that wants a ride indicates how much they're willing to pay for it? Would you want to cap that as well?

Economists are big fans of auctions and say that's the most fair method to distribute resources. Economists, however, are not known for taking social, cultural or human values into account in their simple models.

So yes, I would. Man, it really isn't so difficult. Get some history lessons on when and why the taxi business became regulated.

Comment: Re:Damn, nannies are hypocritical idiots (Score 1) 152

by A nonymous Coward (#48917079) Attached to: Uber Capping Prices During Snowmageddon 2015

Someone else who hasn't bothered actually reading stuff written in support of minimum wage legislation. They make up all sorts of specious claims as to how employers really do have all that money lying around unused, or how the increased pay will spark improved productivity, or how employers will invest in more training for their suddenly-expensive employees .... yada yada yada. All so very simple, by their reckoning, and they are super smart and know so much more about how to run businesses than the actual owners and employers do.

Here's an interesting insight: If I knew of a simple way to make money that required so little investment, I could make a fortune doing so and help others in the process. Yet not a single one of these know-it-alls, these nannies who claim to want to help the poor and unskilled, is willing to put their efforts where their mouth is both make money and help the poor.

Not a single one.

I guess I know how much they believe in their own theories.

Comment: Re:Damn, nannies are hypocritical idiots (Score 1) 152

by A nonymous Coward (#48914983) Attached to: Uber Capping Prices During Snowmageddon 2015

You haven't been paying attention if you really believe " I don't think anyone believes the minimum wage will increase demand for workers." There are quite a few who believe exactly that. They seem to think that business owners throw all their profits into a pool like Scrooge McDuck so they can swim in it, and all the pay hikes will come out of those Scrooge McDuck pools.

Comment: Re:So what will this accomplish? (Score 3, Informative) 152

by Tom (#48914375) Attached to: Uber Capping Prices During Snowmageddon 2015

In Econ 101 you also learn about horizontal and vertical pricing.

Basically, if the surge price is reasonably high, most drivers will be available. From 1.0 to 1.5 you may raise the number of drivers considerably, but from 3.0 to 3.5 you will probably not motivate many more drivers to go out and drive - most available drivers will already be on the road, and the few who decide against it will not change their mind here because if 3.0 doesn't motivate them, then 3.5 most likely won't because they have important reasons to stay home.

A cap on such elastic pricing is almost always a good idea.

Comment: Re:Escaping only helps you until a war. (Score 1) 333

by Tom (#48914325) Attached to: Davos 2015: Less Innovation, More Regulation, More Unrest. Run Away!

This exactly.

Why do rich people not live in Africa and Asia where the climate is good? Safety and convenience. If you don't want to spend your life in a castle defending your riches, you go somewhere where culture, society and government will do that job for you.

Strangely, many don't see this as a service worth paying for, which is largely a semantic problem. Maybe we should tackle it there, and instead of taxes, we should collect a "wealth-protection service fee".

Comment: Re:"They" is us (Score 1) 333

by Tom (#48914267) Attached to: Davos 2015: Less Innovation, More Regulation, More Unrest. Run Away!

From the very article you link to:

But Credit Suisse's report doesn't tell the whole story.

It doesn't take into account how much it costs to buy goods in each country, for example. Half a million pounds might buy a one-bedroom flat in central London, but in other countries it could buy a mansion.

It also doesn't take into account income. As a result, many well-paid young people in Western countries may fall into the bottom 50% of wealth - either because they still have student debt to pay off, or because they know how to live well, and spend all their income.

Comment: never believe PR (Score 1) 333

by Tom (#48914189) Attached to: Davos 2015: Less Innovation, More Regulation, More Unrest. Run Away!

I am extremely sceptical about all these doomsday scenario media reports.

If you do not know something for sure, "follow the money" is always good advise. For example, why would someone who makes his money on the stock market give free advise to the rest of the world by warning them about an imminent market collapse? It makes no sense. If I knew (or were sure about) such an event, I would put my money into short options and become mega-rich.

But, of course, if you expect the opposite, such a press statement can lead a critical mass of people to disinvest, temporarily lowering prices, convincing others that you are right and the crash has begun, so they do the same, and then you buy at the low point.

The same with all the "super-rich are investing in getaways" bullshit. It's a really great tool to convince the wannabe-super-rich (aka the simply rich) to follow (or believe they are following), because that's what they do. In all layers of society, people tend to emulate the next-higher-up from their own status, because that is where they want to be.

Maybe I'm overly cynical or just blind, but thinking about not only what is being said, but also who is saying it and why seems to me to be a good idea.

Comment: Re:Lack Of Faith (Score 1) 90

by Tom (#48914101) Attached to: Germany Plans Highway Test Track For Self-Driving Cars

Could be, as I rent and don't buy, I don't drive cars older than a few years.

I know the Toyotas and Hondas are famous for their reliability. My first car was a used Honda and it had almost no signs of being used before.

That said, old Mercedes cars are also legendarily reliable. My GF wants to buy a used SLK for exactly that reason - they are cute and almost as good as new, for a fraction the price.

Comment: Damn, nannies are hypocritical idiots (Score 3, Insightful) 152

by A nonymous Coward (#48913857) Attached to: Uber Capping Prices During Snowmageddon 2015

They tax booze, tobacco, and anything fun, and raise tariffs, expressly to reduce demand. They subsidize whatever they want more of, to nudge people and to reward cronies.

Yet they think raising the minimum wage will increase the demand for low skill workers, they think wage and price controls will reduce demand and increase supply, they think capping surge pricing will increase supply and reduce demand, on and on the hypocrisy goes.

Just go away, nannies. Go away.

Comment: Re:Lack Of Faith (Score 1) 90

by Tom (#48907991) Attached to: Germany Plans Highway Test Track For Self-Driving Cars

Are you aware that BMW and Mercedes reliability has gone into the toilet since the 1980s?

The M3 I drove last year begs to differ. As did the SLK the year before. :-)

Maybe they have problems, I don't know, I don't own a car, I just rent them pretty often, and I'll take one of those every day over almost any brand. At least until my car rental company gets Teslas.

System going down at 5 this afternoon to install scheduler bug.

Working...