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I know it's Jacobin, but where do they come up with the leading thesis that Uber "underpays its drivers." Relative to what? Even after expenses, Uber drivers ma
by morgante 10y ago
I know it's Jacobin, but where do they come up with the leading thesis that Uber "underpays its drivers." Relative to what? Even after expenses, Uber drivers make well above minimum wage.
Ultimately, it's impossible to satisfy all parties, particularly drivers. They want to be paid more, but most reports say Uber is not profitable. A co-op cannot rely on VC money to finance its expenses, so to pay drivers more they'd either have to charge more than Uber or avoid most of the expenses Uber incurs. I don't see either scenario leading to a competitive option: either you're the expensive option, or you offer a subpar experience.