economy

Uber’s argument is that the algorithmically determined cost of a ride is at the sweet spot that will drive the most passenger demand while also providing sufficient incentive to produce the number of drivers to meet that demand. And because driver income is the product of both the number of trips and the rate paid, that sweet spot will also maximize driver income. Any attempt to set rates to specifically raise driver income would suppress rider demand, and so reduce utilization and thus wages.

“Even so, land and people have suffered together, as invariably they must. Under the rule of industrial economics, the land, our country, has been pillaged for the enrichment, supposedly, of those humans who have claimed the right to own or exploit it without limit. Of the land-community much has been consumed, much has been wasted, almost nothing has flourished. But this has not been inevitable. We do not have to live as if we are alone.”

this emerging group of ‘Venture Creatives’ contributes more than £15bn to the UK economy every year and a massive $132bn to the US economy, with almost a third of UK workers and 41% of US workers currently reaping the financial rewards of a creative sideline. The picture looks the same in Germany and France, where around a third of workers are using their creativity to generate extra income.

In Florida, apps have an annual economic impact of $587 million, which is the eleventh-highest app economic impact of any state in the U.S., according to a new study from CTIA – The Wireless Association and the Application Developers Alliance.

When seven Central Florida counties were factored in, the study showed that the arts contribute $264 million annually to the economies of Orange, Seminole, Osceola, Lake, Volusia, Brevard and Polk counties.

Conducted by Americans for the Arts, aWashington, D.C.-based national advocacy group, the study did not measure ticket sales or entry fees, but tallied other spending created by cultural organizations — everything from the groups' rents and payrolls to patrons' expenditures on transportation and baby sitters.