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I don't know what to say. My ex-roommate used to be a door to door salesman for comcast contractor, selling comcast's services on commission. He gave up that gi
by raincom 10y ago
I don't know what to say. My ex-roommate used to be a door to door salesman for comcast contractor, selling comcast's services on commission. He gave up that gig, as it was not paying enough to live in Hayward, CA.
Now he drives for Uber, uses his Scion xb 2006 car, makes around $6k a month. Yes, he needs to deduct expenses like gas, insurance, etc. But he is happy even after those expenses.
Uber has destroyed the taxi industry. And it has also made easy for others to become Uber drivers. So, one group has lost, another group has won.
Taxi industry has gone hitech; so, the companies like Uber get 100 multiples for their stock prices, if they go IPO. Even if Taxi industry had gone IPO 20 years ago, it would not have helped taxi drivers.
The losers are those who bought SF taxi permits, and those who used to drive for yellowcab, but can't become Uber drivers.
Inequality exists as long as greed exists.
- api_or_ipa 10y agoInequality is an unavoidable consequence of economic growth. Economic growth always destroys incumbent industries and benefits new upstarts. It is up to government to provide a set of transfers that allows a more equal distribution of the gains and loses from economic growth. https://en.wikipedia.org/wiki/Creative_destruction https://en.wikipedia.org/wiki/Creative_destruction
- sharemywin 10y agoThe people that followed the law.