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Alternately, you could look at this as a dichotomy between local restaurants shuttering in record numbers due to inadequate government support for small busines
by jonas21 6y ago
Alternately, you could look at this as a dichotomy between local restaurants shuttering in record numbers due to inadequate government support for small businesses during a once-in-a-lifetime pandemic, and tech like this providing some of them with a lifeline to stay open (while also making the founding team and investors rich). A small case study in how the world is not necessarily a zero-sum game?
- cody3222 6y agoThis is such a healthy perspective in a world where it has become fashionable to hate on wealth creation.
- adamnemecek 6y agoWorld is not hating on wealth creation, world is hating on tilting the scale in favor of the super rich at the expense of the poor.
- jdgoesmarching 6y agoThis is the most insane comment I’ve ever seen on this site. Imagine the kind of insulated you have to be to think that “hating on wealth creation” is the problem at one of the highest points of wealth inequality and economic devastation.
- cody3222 6y agoThank you for sharing your perspective.
- Cookingboy 6y agoSeriously, I fail to imagine how the fate of those local restaurants would have been better if DoorDash didn't exist.
- moxdahfox8 6y agoIt would be a lifeline if restaurants made money from Doordash orders. Some do and for them it's been a lifeline. But many restaurants don't make any profit after the 25% cut. Pre-covid you could write it off as a marketing expense but when in-person dining disappears you're faced with option to close or keep open and make a loss or no money on every DD you get. This is partly why 110,000 restaurants have closed since the pandemic
- cactus2093 6y agoHow exactly is tech pouring fuel on the fire though? If DD simply didn't exist, what better option would these closing restaurants suddenly have? Like you said here, with DD around it does give some restaurants a lifeline they wouldn't otherwise have. Plus the government gets more tax revenue, over time some large percentage of the currently $60B valuation created by Doordash, which could be used to help the rest of those hit hardest by the pandemic if our democracy wasn't being held hostage by one Mitch McConnell.
- bussierem 6y agoI think the implication wasn't that DD was pouring fuel on to the fire of "restaurants closing", but rather that when they, a company that works with restaurants (many of which are closing) are doing so well that they can IPO to the tune of $60B and make their founders/investors VERY rich, this can pour fuel onto the fire of "tech companies making money at the expense of others". I feel that regardless of your feelings on the truth of that last quote, the connection can still (and will) be made by many people.