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> The linked article is an example of the market self-regulating. Unemployed workers starving to death with their families due to lack of income would also be
by tablespoon 5y ago
> The linked article is an example of the market self-regulating.
Unemployed workers starving to death with their families due to lack of income would also be an example of the market self-regulating.
The market self-regulates, but it often self-regulates to optimize the wrong thing. The people who celebrate that self-regulation usually leave that qualification out, or just deny it completely.
- MattGaiser 5y agoIn this case it self regulated because the market rate for drivers was too high. The drivers are evidently employed in some way that makes their market rate that high.
- tablespoon 5y ago> In this case it self regulated because the market rate for drivers was too high. It what way has it self regulated? Amazon could setup a new set of captive small businesses to exploit and nothing will change. It's not like they were actually dependent on these people in any way. It seems like they're running a model that's at least partially about exploiting their vendors' hope and ignorance, and there's a sucker born every minute.
- MattGaiser 5y agoBut the small business cannot hire, so even if they do find a couple more suckers, it won't matter as they will immediately be losing money on a per unit of delivery basis.