GrabTaxi Reduces Vehicle Hire Fare
BY JACOB MASLOW

BANGKOK: -- Thailand’s GrabTaxi has announced that it will be reducing fares for GrabCar, a private taxi hire booking service. The company is offering a 20% reduction in prices in order to compete with US-based rival Uber. Uber recently cut its fares for UberX, its low-cost service.

GrabTaxi has cut GrabCar’s minimum fare down to 30 baht from 40 baht. In addition, the company has cut its fee for the initial 10 kilometers from 10 baht to just 9 baht per kilometer.

The reduction in fees will help the company increase mass adoption rates.

GrabTaxi offers a wide range of different services, including its low-cost GrabCar hire, the GrabTaxi booking app, GrabExpress parcel delivery service, GrabXL premium car service and GrabBike motorbike taxi.

Full story: http://ethailand.com/business-news/grabtaxi-reduces-vehicle-hire-fare/449/

-- eThailand 2015-11-26

Ah ,competition. It means we can't charge what we like and offer a horrible service.

Damn that pesky competition.

Ah ,competition. It means we can't charge what we like and offer a horrible service.

Damn that pesky competition.

I expect protests.

The key here is how this affects wages. Assumedly there will be downward pressure. Of course this is the prescription of the neoliberal economists, along with austerity. Lower wages will mean that the economy will become more "efficient", as "labor discipline" is "increased".

As profits increasingly flow to the most wealthy capitalists, the global socioeconomic system is facing crisis (after crisis after crisis), inequalities increase, and social conditions degrade. And not just in the developing countries, either. Workers in the richest countries are facing increasing precarity, as well as longer hours and fewer benefits.

Can the people of the world find a solution to the pillaging of entire societies? Remember, it is not pre-ordained that things be this way. The system we labor under is a human creation. There can be no doubt that humans have mastered the ability to produce the material goods that should in principle make life easier, more fulfilling, intellectually and personally rewarding. That's in principle.

Stay tuned...

The key here is how this affects wages. Assumedly there will be downward pressure. Of course this is the prescription of the neoliberal economists, along with austerity. Lower wages will mean that the economy will become more "efficient", as "labor discipline" is "increased".

As profits increasingly flow to the most wealthy capitalists, the global socioeconomic system is facing crisis (after crisis after crisis), inequalities increase, and social conditions degrade. And not just in the developing countries, either. Workers in the richest countries are facing increasing precarity, as well as longer hours and fewer benefits.

Can the people of the world find a solution to the pillaging of entire societies? Remember, it is not pre-ordained that things be this way. The system we labor under is a human creation. There can be no doubt that humans have mastered the ability to produce the material goods that should in principle make life easier, more fulfilling, intellectually and personally rewarding. That's in principle.

Stay tuned...

Stay tuned, to read more of this? I doubt that you'll need to start a fan club.