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Uber has a brilliant albeit sad business model. In accounting terms, they have no fleet maintenance or deprecation charges. Instead, that’s completely offloaded
by johnwheeler 8y ago
Uber has a brilliant albeit sad business model. In accounting terms, they have no fleet maintenance or deprecation charges. Instead, that’s completely offloaded onto the employee, which even further drags down their pay over time, The business model plays off the boiling a frog in water model. Where if you make incremental changes over a long period (in this case car wear and tear), the subject is less likely to notice. I don’t hear anybody talking about that.
- maxxxxx 8y agoThat’s pretty much the model of the gig economy. It used to be that in exchange for loyalty companies would provide pension, health care and other benefits. Pensions are already on the way out. Gig economy are slowly getting rid of all other benefits. And people are getting used to it. A lot of young workers know nothing about pensions and soon they will also not know about other benefits employers would provide in the past.