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The market is skewed as Uber runs huge losses and is operating at a loss, that's how it's different to other markets. Also, Uber are paying under the minimum w

The market is skewed as Uber runs huge losses and is operating at a loss, that's how it's different to other markets. Also, Uber are paying under the minimum wage in the UK, or at least the regional minimum living wage in London. Uber don't pay taxes in the UK like a London minicab company would, then they underpay their drivers and expect our welfare system to pick up the slack on their crummy wages. Minimum wages should apply to gig type working like Uber/Deliveroo etc as much as it does to everyone else. This is the market failure. Without a minimum wage, sick pay, materity/paternity leave pay, of course you can make the ride cheaper. Source: https://www.independent.co.uk/news/business/news/uber-verdict-loses-drivers-workers-rights-minimum-wage-a7384921.html https://www.independent.co.uk/news/business/news/uber-verdic...

andy_ppp 7y ago
If Uber had to buy the vehicles, service them and pay full tax and fines it would be nearly as expensive as black cabs. I take my fair share of Uber rides but I can see the next dot com bust happening now when this unprofitable business model all washes out. See also WeWork.
- Jommi 7y ago
  Yes if a company does something that is not in the core specialisations, they would be expensive. Who guessed?
  - andy_ppp 7y ago
    I'm talking about the gig economy ripping off their workers. I think you've misunderstood and been rude and sarcastic with it.
    - Jommi 7y ago
      Did not mean to be rude at all. It just seems you're misunderstanding how differently Uber operates in each market. There are multiple markets where Uber is not ripping their drivers off in any way, because if they did they would be running to competitors. The problem with gig economy workers nearly always stems from the core issue of lack of legislation in self-employment.
- KaiserPro 7y ago
  see addison lee. (https://en.wikipedia.org/wiki/Addison_Lee https://en.wikipedia.org/wiki/Addison_Lee) This is the reason why I find this "TFL is against innovation" rubbish is so annoying. AL had an app way before uber was in london. The only difference for the end user is that AL is more expensive. (because whilst the drivers are "independent" they lease the cars from AL, and have an exclusive contract with them)
malandrew 7y ago
> The market is skewed as Uber runs huge losses and is operating at a loss According to Q3 financials, I believe that is longer true for ridesharing.

andy_ppp 7y ago

If Uber had to buy the vehicles, service them and pay full tax and fines it would be nearly as expensive as black cabs. I take my fair share of Uber rides but I can see the next dot com bust happening now when this unprofitable business model all washes out. See also WeWork.

Jommi 7y ago
Yes if a company does something that is not in the core specialisations, they would be expensive. Who guessed?
- andy_ppp 7y ago
  I'm talking about the gig economy ripping off their workers. I think you've misunderstood and been rude and sarcastic with it.
  - Jommi 7y ago
    Did not mean to be rude at all. It just seems you're misunderstanding how differently Uber operates in each market. There are multiple markets where Uber is not ripping their drivers off in any way, because if they did they would be running to competitors. The problem with gig economy workers nearly always stems from the core issue of lack of legislation in self-employment.
KaiserPro 7y ago
see addison lee. (https://en.wikipedia.org/wiki/Addison_Lee https://en.wikipedia.org/wiki/Addison_Lee) This is the reason why I find this "TFL is against innovation" rubbish is so annoying. AL had an app way before uber was in london. The only difference for the end user is that AL is more expensive. (because whilst the drivers are "independent" they lease the cars from AL, and have an exclusive contract with them)

malandrew 7y ago

> The market is skewed as Uber runs huge losses and is operating at a loss According to Q3 financials, I believe that is longer true for ridesharing.