Uber CEO Dara Khosrowshahi stated that rides and deliveries may become cheaper during a recession as higher unemployment could lead to lower labor costs for the platform. He emphasized that Uber is 'recession-resistant,' as demand for essential services such as groceries and meal deliveries tends to remain steady even during economic downturns. Consumers are likely to continue spending on affordable luxuries, like restaurant dinners, instead of larger expenses. Khosrowshahi draws parallels to past behaviors during recessions, pointing out trends where people seek small indulgences to cope with economic challenges.
If there is more unemployment, the cost of Uber will come down, because, to some extent, the cost of labor comes down.
You may put off going on vacation in Europe this summer, but you’re still going to treat your family to a nice dinner.
We specialize in small treats, not big treats.
People have turned to small treats when the economy and their income have deteriorated in the past.
Collection
[
|
...
]