4 ms·
That phrase always made sense to me in the context of banks for example who basically expected to be bailed out if they fail a la 2008, but how does it apply he
by seiferteric 8y ago
That phrase always made sense to me in the context of banks for example who basically expected to be bailed out if they fail a la 2008, but how does it apply here? How is uber socializing losses?
- reaperducer 8y agoBy pushing the burden of operating and maintaining a taxi fleet onto its drivers, rather than making it a cost of doing business like a real taxi fleet.
- 95014_refugee 8y agoIt might help to use "costs" rather than "losses"? For one, consider that we attempt to constrain the price of labor upward to cover the cost of living. By having a large workforce that is not necessarily subject to these constraints (minimum wage, employer health plan, payroll taxes, etc.) Uber fails to meet the CoL for a large slice of its workforce, which then has to lean on society to make up the balance.