> They offered a rate Uber offered a rate that was subsidized by investors. That... | Hacker News

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teej on May 15, 2019 | parent | context | favorite | on: Uber Drivers Are Contractors, Not Employees, Labor...

> They offered a rate

Uber offered a rate that was subsidized by investors. That is not true supply and demand.

povertyworld on May 15, 2019 [–]

Isn't moving the demand curve by burning capital still a matter of supply and demand?

kortilla on May 15, 2019 | [–]

Yes. Supply and demand curves capture all of these things.

Subsidies just increase the supply at the lower prices on the curve.

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