5 ms·

The economics here are pretty pure. It seems intentional. I wouldn't call it stupid even if wrongheaded. But, to me, this cannot be an unintended side-effect. I

The economics here are pretty pure. It seems intentional. I wouldn't call it stupid even if wrongheaded. But, to me, this cannot be an unintended side-effect. It's a feature, not a bug, of the regulatory model.

gruez 2y ago
>But, to me, this cannot be an unintended side-effect. It's a feature, not a bug, of the regulatory model. I think you're giving politicians/regulators too much credit. Skimming the media coverage about this law, the supporters' for the law is a vague sense of "we need to ensure delivery/taxi drivers are paid better". I couldn't find any serious discussions for what would the second order effects of the laws would be (ie. what would happen if uber decides to lock out drivers so they don't have to pay them) eg. https://www.reuters.com/legal/government/nyc-minimum-wage-delivery-drivers-upheld-by-appeals-court-2023-12-01/ https://www.reuters.com/legal/government/nyc-minimum-wage-de... >"This minimum pay rate will guarantee our delivery workers and their families can earn a living and keep our city’s legendary restaurant industry going strong," Adams said in a statement. >Supporters of the city's law, which is the first of its kind in the United States, say it is needed because delivery workers in the city earn about $11 an hour on average after expenses, far below the city's $15 minimum wage.