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A comment on Uber proposes policy that would pay drivers a minimum wage of $21 per hour. Parent comment

Re:Uber proposes policy that would pay drivers a minimum wag... by ghaff on Thursday August 29, 2019 @01:38PM (#20831797)
It depends on what the price elasticity of demand is. At least in the simple case, there is some price point at which revenue is maximized. Higher prices drive demand down faster than they drive revenue up. Lower prices drive revenue down faster than greater demand drives them up.
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