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If there were better options available, people would work there. Folks drive ubers not because they want to contribute to the 'gig economy', but because that's
by Anderkent 9y ago
If there were better options available, people would work there. Folks drive ubers not because they want to contribute to the 'gig economy', but because that's the best option they have. Removing someone's best option never helps them.
- DenisM 9y agoSame argument can be applied to labor conditions in the factories 100 years ago. It was wrong then, and it might be wrong now.
- Anderkent 9y agoFactories were a huge improvement over peasantry/starvation actually. Yes, they were still horrible, and we've improved since; but there was a reason people moved en masse to the industrial towns. I suggest Polanyi's The Great Transformation if you want to find out more about this.
- Jasper_ 9y agoPerhaps some of that $50 billion valuation can be used to pay their workforce a proper wage and give them benefits? Just a thought...
- Anderkent 9y agoValuation is not revenue nor any other form of money. They don't actually have $50 billion. At best you could claim the markets expect the future worth of the company be on average around $50 billion (modulo preferential stock impact, so actually a bit less).
- platz 9y agoSo, basically Amazon is a form of Charity then; they basically have "no form of money" under that perspective. (Dispite knowing the fact they could turn on the money spigot at any time if so desired)
- Anderkent 9y agoAmazon is a publicly traded company, so their valuation isn't really impacted by preferential stock. Also, if you think amazon has access to 1.6 trillion dollars, you're crazy. And, well, they actually make money.