4 ms·

"Riders have saved $730 million by using Uber"

• balls187 10y ago
  "Uber has saved $730m by classifying drivers as independent contractors."
  • Consultant32452 10y ago
    "Uber paid $730m to its contractors to cover fuel costs and now has to pay them for it again."
• SilasX 10y ago
  Some small fraction of that, actually. Drivers were willing to work for that amount of money, and customers were willing to pay. If you mandated that they be paid something on top of that, the buyers can compensate buy paying less for the "base". Since the drivers were happy with the previous take-home, they'll be happy with the new "minus base plus mandated benefits". This is the problem with people casually suggesting that workers would be better off with mandated benefit x, y, or z. As long as Uber can still cut their portion, it can even out. (Or worse, if workers value the benefit less than the equivalent cash.) See the concept of tax incidence: just because someone is charged more, doesn't mean any specific factor has a different take-home. https://en.wikipedia.org/wiki/Tax_incidence https://en.wikipedia.org/wiki/Tax_incidence
• deleted 10y ago
  [deleted]