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It's not the workers that get to decide surge pricing or wages. The employer decides that, and they keep the extra money for themselves.
by daveguy 2y ago
It's not the workers that get to decide surge pricing or wages. The employer decides that, and they keep the extra money for themselves.
- scarface_74 2y agoEmployers don’t keep the extra amount. If that were the case, the workers would have no motivation to work or to get the supply/demand in balance. I don’t get to “choose” how much I make. I just get to choose whether the amount of money I’m being offered per hour is worth my time.
- daveguy 2y agoThe point is, you're not the one deciding the split. You don't think the majority of the revenue goes to you over the ride share company, do you?
- scarface_74 2y agoYou know the split because it’s a ratio that scales with the price. Just like when I sub contract as a W2 contractor with a third party firm. I know how much I’m going to net. The higher my asking rate is the more I’m going to make and the more the contracting firm is going to make.
- daveguy 2y agoOh, I didn't know that ride share companies allow the drivers to specify their rate! Oh, right. They don't.
- scarface_74 2y agoNo one gets to “specify their rate”. If I could, I would specify I want $700/hour when I do independent consulting. The drivers can decide whether a given rate is worth it to them given other alternatives like anyone else that’s the entire purpose of surge pricing to convince more people to drive when there is more demand
- imtringued 2y agoRemember kids, recharging your battery reduces traffic.
- JumpCrisscross 2y ago> not the workers that get to decide surge pricing or wages. The employer decides that Ridesharing seems like a relatively-efficient market. Nobody is singularly setting the rate. We could switch to a two-sided market where every time you book a ride you enter a reserve and maximum price, and then drivers enter their reserve and minimum and the system matches for a fee. And then we can watch a competitor eat our lunch because literally nobody wants to do that.