All rides consider the cheapest form of Uber available.ĭeparture: The Sydney Central Business District (CBD).This solves the problem of comparisons between the rush hour in city A and the low-traffic flux in city B. All rides compared consider average traffic.All rides are between the financial district and a residential district.All rides to be compared have a distance of 6 kilometers. I want to compare apples with apples, or, in the worst case, apples with pears, not with golden bracelets.Įvery ride here will follow the criteria below: The Comparison Criteria for The Cheapest and Most Expensive Cities to Take an Uberīefore jumping into our Uber Rides comparison, first the criteria. To save money during your next time abroad, take a look at the tips I gave in this book. It is curious to see, for example, that one of the cheapest Uber rides in Europe is in the same country where you can find some of the cheapest prices of gastric sleeve surgery abroad. Uber Dynamic Pricing model - something similar to what I did during my airline career - controls the price changes. These price fluctuations take into consideration offer and demand. Since drivers are freelancers, if the salaries are high and unemployment is low, Uber rides should cost more to attract drivers enough. In the same fashion as the Big Mac, the price comparison between Uber in similar conditions can illustrate how high are the labor and material costs in a certain country. Outside of these cases, however, it is a good measure. So if a country with low material, labor, and tax costs has an unusually high demand for hamburgers, the price still may be higher than expected. Almost because the Big Mac Index does not take into consideration anomalies in demand. But in this case, they almost got it right. I rarely listen to economists because many of them do not deserve any attention. This is because the pricing of a Big Mac considers local costs of raw materials, labor, taxes, and business premises. The Big Mac Index became a hit because economists view the index as a decent real-world indicator of local purchasing power. My interest in prices and charts, later on, resulted in my choice of an economics major at University. It is an index compiled by the magazine The Economist comparing the prices of a Big Mac in different parts of the world. I remember when I was a teenager how I spent time reading the charts of the Big Mac Index. We discuss price discrepancies and inflation because it affects our pockets, and also because it gives us a perspective on labor costs, living standards, and infrastructure development.Īnd, at least for some people, including me, it is also enjoyable. (The entire ranking of the cheapest and most expensive cities to take an Uber is at the end of the article, just in case you want to jump directly to there)īesides the splendid scenery and exotic food, there is another discussion subject among friends returning from holidays. Which cities have the cheapest and most expensive Uber rides?
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