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Ways That the New Economy Is a Massive Scam! Do You Agree?

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What do you think about the statement, “The new economy is a scam?”
Tweeter Not Jerome Powell posted the message:

“Uber is more expensive than a taxi. Airbnb is more expensive than a hotel. Streaming is more expensive than Cable. The new economy is a scam.” Twitter erupted with a response. Here is what the internet is saying.

business man with cigar
Image Credit: Deposit Photos -minervastock

Uber is more expensive than a taxi
Airbnb is more expensive than a hotel
Streaming is more expensive than Cable

The new economy is a scam

— Not Jerome Powell (@alifarhat79) January 11, 2023

People In Agreeance It’s a Scam

Alexis Edison suggested, “They started cheaper came with incentives and conveniences until we got sucked in, and now you are right, scam, their costs are going up and up.”

“Even as a person on the receiving end, I am receiving less from Airbnb for the same fees I charge because they came up with new fees.”

They started cheaper,came with incentives and conveniences until we got sucked in and now you are right,scam, their costs are going up and and up.Even as a person on the receiving end, I am receiving less from Airbnb for the same fees I charge because they came up with new fees.

— AlexisEdison (@nikolasexla10) January 13, 2023

Patrick agreed and explained, “Sure, they’ve been taxed and regulated to make them more expensive than their deeply entrenched influential competitors.”

Sure, they’ve been taxed and regulated to make them more expensive than their deeply entrenched influential competitors

— Patrick (@PMC713) January 12, 2023

Gia Liu added, “I took my first taxi after seven years. I was in Vegas for CES. Uber: $35+ Taxi: $12. We’re going backward.”

Took my first taxi after 7 years. I was in Vegas for CES.

Uber: $35+
Taxi: $12

We’re going backward

— Gia Liu (@IamGiaLiu) January 12, 2023

KΞVIN URRUTIA stated, “Airbnb prices are insane now. Hotels are a better deal!”

Airbnb prices are insane now. Hotels are a better deal

— KΞVIN URRUTIA (@danest) January 12, 2023

People Who Disagreed

Michael Boese expressed disagreement, “My experience is the opposite. Uber, Airbnb, and streaming are cheaper. I guess this depends on where you live and how you shop.”

My experience is the opposite. Uber, Airbnb and streaming cheaper. I guess this depends where you live and how you shop.

— Michael Boese (@2dogsmike) January 12, 2023

Avik Bose retorted, “Uber is easier to avail than a taxi. Airbnb is easier to search for and book than a hotel. Streaming gives us better-quality shows than cable. The new economy is about saving time and accessibility to more resources.”

Uber is easier to avail than a taxi
Airbnb is easier to search and book than a hotel
Streaming gives us better quality shows than cable

The new economy is about saving time and accessibility to more resources

— Avik Bose (@aavikbose) January 12, 2023

Michael Lewin argued, “Convenience and flexibility come with a cost, and there was a market for it. Taxis, hotels, and cable didn’t just disappear. Still all available. If anything, they have been forced to get more competitive. This is a hot take that doesn’t pan out.”

Convenience and flexibility comes with a cost, and there was a market for it.

Taxis, hotels, and cable didn’t just disappear. Still all available.

If anything they have been forced to get more competitive.

This is a hot take that doesn’t really pan out.

— Michael Lewin – Katalyst Real Estate & Development (@LiferRealestate) January 13, 2023

Appalachian argued, “Not true. The way I work, sometimes I’m in a hotel for MONTHS. I’ve rented whole Airbnb houses for about what I would pay for a hotel without worrying about breaking a lease or furnishing a place if I had just rented one.”

Not true. The way I work, sometimes I'm in a hotel for MONTHS. I've rented whole airbnb houses for about what I would pay for a hotel without worrying about having to break a lease, or furnish a place if I had just rented one.

— appalachain (@appalachain1) January 13, 2023

Indomitus said, “Sweeping statements tend to be wrong. That might be the case in some countries.”

“Still, in my experience, for example, in Portugal, France, Latvia, Prague, Budapest, Africa, Zimbabwe, Indonesia, Mozambique, and many others, Airbnb and Uber are cheaper and more convenient.”

https://twitter.com/indomitorum/status/1613533388362899461

Mixed Reviews

Brian Stoffel added, “Uber and streaming are more expensive because they HAVE to be Airbnb is more expensive because it CAN be (hosts set prices, not HQ — as with Uber and streaming).”

Uber and streaming more expensive because they HAVE to be

Airbnb more expensive because it CAN be (hosts set prices, not HQ — as with Uber and streaming)

— Brian Stoffel (@Brian_Stoffel_) January 11, 2023

Kihara Kimachia asked, “Really? This may be true for Netflix and other streaming services but for Uber and Uber-like services, in most countries, more providers lead to a greater supply, e.g.

More taxis on the roads, more hotel options, and ultimately a drastic price drop. So the new economy is real.”

Really? This may be true for Netflix and other streaming services but for Uber and Uber-like services, in most countries, more providers leads to a greater supply, e.g., More taxis on the roads, more hotel options, and ultimately a drastic drop in prices. The new economy is real.

— Kihara Kimachia (@KiharaKimachia) January 12, 2023

Something to Think About

Main Street Investor informed users, ‘Uber and Lyft squash racism.. try being black and hail a taxi in NYC! Airbnb provides privacy and a sense of ownership and independence, and space. Streaming is a better a la crate, but I like it as an add-on, not a replacement.”

Uber & Lyft squash racism.. try being black and hail a taxi in NYC..
Airbnb provides privacy and a sense of ownership and independence.. and space
Streaming is a better a la crate but I like as an add-on not as a replacement

— Anansi Stocks (@AnansiStocks) January 12, 2023

Popular Reading: 10 Things Men Admitted They Will Never Understand About Women

Final Thoughts

Finally, Ryan Barredo asked what we’re all wondering, “The question is would you go back to a taxi, a hotel, or a cable – given the convenience you get from the new platforms?”

The question is would you go back to a taxi, a hotel or a cable given the convenience you get from the new platforms?

— Ryan Barredo (@RyanBarredo1) January 12, 2023

This article is inspired by the internet and does not necessarily reflect the views or opinions of Motherhood Life Balance.

More From Motherhood Life Balance:

  • 10 Things Women Do That Men Said Are an Immediate Turn Off
  • 10 Surprising Phrases Your Partner Is Using to Gaslight You
  • 10 Honest Things Women Aren’t Ready to Hear According to Men

Featured Image Credit: Deposit Photos -minervastock.

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