Episode #251: Free-Rider Friday, July 2019

What a GREAT Free-Rider Friday! Ed and Ron cruised through the most interesting news and topics that caught their attention this past week.

Here are Ed’s Topics…

And Here are Ron’s Topics…

  • Uber is testing an all-in-one subscription for rides, food delivery, bikes, and scooters,” The Verge, July 23, 2019, by Andrew J. Hawkins.

  • Unintended, uh, whatever, man,” The Economist, July 13, 2019.

  • New ways of selling books clash with France’s old pricing rules,” The Economist, July 6, 2019.

  • Ball-game theory, The Economist, July 13, 2019.

  • The AICPA’s PCPS 2018 Survey of 1,910 CPA firms reports a declining use of hourly pricing and an “increasing use of value pricing and “value billing” [whatever that is?] and fixed pricing.” Depending on size, the percentage of firms report anywhere from 15-50% of revenue is now derived from value pricing or “value billing.” Hourly billing is between 59-80%, so we still have a long way to go. Fixed pricing is from 20-30%. Take these surveys with a grain of salt, since they are non-random and contain errors in reporting, interpretation of meaning, etc. But they do give us a vector of what is happening, and it is clear that hourly billing is waning.