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Uber claims reform would raise prices, refuses to consider lower corporate profit (www.theguardian.com)

submitted 1 year ago by cyu to c/unions

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“If platform companies are making a profit that relies on paying workers less, then arguably the difference could come out of the companies’ pockets, not the consumer’s.” "66% of full-time gig economy workers are earning below the minimum wage."

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[–] [email protected] 1 points 1 year ago (1 children)

In your opinion then where would be the best place to go educate myself about that then?

I agree with you and think ubers economic moat will only continue to further dry up (unless by some miracle they get self driving vehicles before everyone else). Shareholders though aren’t going to abandon vulture capitalism though not as long as their portfolios continue to grow.

[–] [email protected] 1 points 1 year ago

I'm not sure where or how you can learn this. I know it from being alive and paying attention to the world around me. I also have been self employed most of my life and am just as much of a business geek as I am a tech geek.

As for the abandonment of vulture capitalism. Of course it's not going to happen, post Reagan this is the world we live in.