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Ride firms ultimately forced to pay more for labor. Less drivers total and more expensive rides. Poorer areas stop getting service. Stock prices fall. Not a big

Ride firms ultimately forced to pay more for labor. Less drivers total and more expensive rides. Poorer areas stop getting service. Stock prices fall. Not a big deal if you don’t care about ride share transportation. If you actually like it then it costs more and gives less. This website is full of rich techies so won’t affect us. However will affect less well-off people negatively.

dd36 5y ago
Less well off people use ride sharing?
- bombcar 5y ago
  The kind where you call your brother or cousin (whoever’s beater is working this week) and ask for a ride in exchange for some gas money. “Paying drivers more will hurt the poor” is an interesting argument
  - tablespoon 5y ago
    > “Paying drivers more will hurt the poor” is an interesting argument Take that line of thought to its conclusion, and you end up claiming that paying workers anything at all hurts the poor. After all, if workers weren't paid, wouldn't prices decrease making things more affordable to the poor? Of course, then the poor wouldn't make any money to pay for anything, but let's overlook that irrelevant detail.
    - sudosysgen 5y ago
      The loss of the concept of surplus value or wage share of production from basic economic knowledge is a tragedy.
- deleted 5y ago
  [deleted]
cool_dude85 5y ago
>This website is full of rich techies so won’t affect us. However will affect less well-off people negatively. Just imagining the less well off losing huge chunks of their 401ks, IRA savings, pensions, and so on when Uber loses 2% of its market cap... it's giving me chills! Volunteer at a shelter this weekend, folks. Many of those less diversified individuals in the bread line will have seen their net worth drop double digit percentage points.
- isoskeles 5y ago
  That's one interpretation, although I believe the implication there was that the less well-off person is more affected by the actual price of rides than by the price of stock.
- completelylegit 5y ago
  A small price to pay for fair wages on a more level playing field. I’m not too concerned with the 401k / IRA losses when those gains wouldn’t have happened if contract drivers weren’t taken advantage of to begin with. Easy come, easy go!

dd36 5y ago

Less well off people use ride sharing?

bombcar 5y ago
The kind where you call your brother or cousin (whoever’s beater is working this week) and ask for a ride in exchange for some gas money. “Paying drivers more will hurt the poor” is an interesting argument
- tablespoon 5y ago
  > “Paying drivers more will hurt the poor” is an interesting argument Take that line of thought to its conclusion, and you end up claiming that paying workers anything at all hurts the poor. After all, if workers weren't paid, wouldn't prices decrease making things more affordable to the poor? Of course, then the poor wouldn't make any money to pay for anything, but let's overlook that irrelevant detail.
  - sudosysgen 5y ago
    The loss of the concept of surplus value or wage share of production from basic economic knowledge is a tragedy.
deleted 5y ago
[deleted]

cool_dude85 5y ago

>This website is full of rich techies so won’t affect us. However will affect less well-off people negatively. Just imagining the less well off losing huge chunks of their 401ks, IRA savings, pensions, and so on when Uber loses 2% of its market cap... it's giving me chills! Volunteer at a shelter this weekend, folks. Many of those less diversified individuals in the bread line will have seen their net worth drop double digit percentage points.

isoskeles 5y ago
That's one interpretation, although I believe the implication there was that the less well-off person is more affected by the actual price of rides than by the price of stock.
completelylegit 5y ago
A small price to pay for fair wages on a more level playing field. I’m not too concerned with the 401k / IRA losses when those gains wouldn’t have happened if contract drivers weren’t taken advantage of to begin with. Easy come, easy go!