Consumers — not Uber’s CEO — Are Responsible for Uber Drivers’ Falling Income

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After getting caught flinging obscenities at one of Uber’s drivers, Uber CEO Travis Kalanick has issued an apology saying he (Kalanick) needs to “grow up.”

The short shouting match ensued when Uber driver Fawzi Kamel picked up Kalanick for a ride. Kamel proceeded to criticize Kalanick for Uber’s policies and for the reductions in fares implemented by Uber’s management in recent years. Kamel claimed that Uber’s policies drove him into bankruptcy.

Before flying off the handle, Kalanick had initially tried explaining to Kamel that Uber had to cut fares in oder to stay competitive:

Read full article here.

Ryan McMaken – Mises Wire – March 1, 2017.

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