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If one does it, then other has no choice to compete for the best drivers. No, I don't believe they're raising wages by striking a deal. I think they're colludi
by givemeethekeys 2y ago
If one does it, then other has no choice to compete for the best drivers.
No, I don't believe they're raising wages by striking a deal. I think they're colluding to put a ceiling on wages.
- simonblack 2y agoI think they're colluding to put a ceiling on wages. Absolutely. That's standard Uber policy. Uber (and I suspect Lyft too) has the business model whereby they soak the investors and the not-so-accounting-savvy drivers for as much cash as possible and then the administration officers laugh all the way to the bank with their high wages and bonuses. Uber's business model is designed to never make a profit. If they do happen to make a profit it means they miscalculated the level of company officers' bonuses that year.