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Regulations or no regulations, that's just a fact. You can't have a company paying out more than it intakes, that's just basic math. People are so quick to say
by lhorie 5y ago
Regulations or no regulations, that's just a fact. You can't have a company paying out more than it intakes, that's just basic math.
People are so quick to say "oh just raise wages" as if Uber/etc never contemplated the idea (recall we're talking about the company that popularized the idea of surge pricing for rides), but I don't think many of the armchair analysts have put an ounce of thought into what actually happens when you dictate monetary factors (let alone the gradient of effects relative to different degrees of change). Uber/Lyft were fairly clear about potential impact of employment mandates on service reliability when prop 22 was making the rounds, and I find it curious that there's simultaneously a sentiment that pre-uber service availability was crap and a sentiment that one just ought to raise prices and somehow people will get to eat their cake and have it too.
> Companies routinely do that
You're giving an apples-to-oranges example and you know it. Hiring Rob Pike vs letting unskilled drivers sit idly on company dime are completely different scenarios. The latter group doesn't even generate leads (unlike cabs being hailed off the street).