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It's mostly paid out by Uber actually - Uber would start paying for healthcare, payroll tax, unemployment insurance, social security etc. Just like, you know, y

by dkural 6y ago

It's mostly paid out by Uber actually - Uber would start paying for healthcare, payroll tax, unemployment insurance, social security etc. Just like, you know, your average Facebook job except without the 401K matching, stock benefits, bonuses & other perks. Uber could either burn even more secondary-offering cash to pay for it, or charge to passengers what that ride costs. Only people who hire private drivers with Uber would pay those costs, not "everyone" in a flat way. People who ride Uber more would pay more. (And maybe, once we realize the actual cost chauffeurs for rent & private transportation, one can start paying more attention to housing patterns, sprawl, public transportation etc.)

bhupy 6y ago
> It's mostly paid out by Uber actually - Uber would start paying for healthcare, payroll tax, unemployment insurance, social security etc. Just like, you know, your average Facebook job except without the 401K matching, stock benefits, bonuses & other perks. Yes, and that stuff costs money. It doesn't come out of the profit margins, of which there are virtually none since the market is so competitive. It instead manifests as price increases. > Uber could either burn even more secondary-offering cash to pay for it, or charge to passengers what that ride costs. Only people who hire private drivers with Uber would pay those costs, not "everyone" in a flat way. People who ride Uber more would pay more. Yes, and people who ride UberX aren't billionaires. They're white collar workers, families, even other Uber drivers. And it isn't just Uber rides, it's also UberEats. Food delivery isn't just used by the uber-rich. If you're in the middle tax bracket in America and don't own a car, odds are that you've used ridesharing at least once. If you're in that same cohort, odds are you've ordered food or groceries on one of these platforms, especially during the pandemic.

by dkural 6y ago

bhupy 6y ago

> It's mostly paid out by Uber actually - Uber would start paying for healthcare, payroll tax, unemployment insurance, social security etc. Just like, you know, your average Facebook job except without the 401K matching, stock benefits, bonuses & other perks. Yes, and that stuff costs money. It doesn't come out of the profit margins, of which there are virtually none since the market is so competitive. It instead manifests as price increases. > Uber could either burn even more secondary-offering cash to pay for it, or charge to passengers what that ride costs. Only people who hire private drivers with Uber would pay those costs, not "everyone" in a flat way. People who ride Uber more would pay more. Yes, and people who ride UberX aren't billionaires. They're white collar workers, families, even other Uber drivers. And it isn't just Uber rides, it's also UberEats. Food delivery isn't just used by the uber-rich. If you're in the middle tax bracket in America and don't own a car, odds are that you've used ridesharing at least once. If you're in that same cohort, odds are you've ordered food or groceries on one of these platforms, especially during the pandemic.