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There's truth to the main point that "gig economy" companies aren't adequately held responsible for the services they broker or sell (depending on your perspect
by dehrmann 2y ago
There's truth to the main point that "gig economy" companies aren't adequately held responsible for the services they broker or sell (depending on your perspective). They avoid risk in a way that isn't obvious to buyers until something goes wrong, and there are few enough horror stories that they can stay in business.
That's the meat of the story.
It goes off the rails a bit with quotes like these, and mentions "Big Tech," but is really about the gig economy brokers.
> [tech billionaires] not only destroyed the financial system
Not really. Maybe he lumped 2008 bankers in with tech, but Uber was the worst offender, and it disrupted a differently bad taxi medallion monopoly, not the "financial system."
> These corporations don’t pay taxes
Also not true. I'm sure some don't because they're not profitable, but you can't be not profitable forever.
- aprilthird2021 2y agoYeah it's not a perfect article. But I appreciate the sentiment ultimately
- jimnotgym 2y ago>Also not true. I'm sure some don't because they're not profitable, but you can't be not profitable forever. They might pay taxes in some jurisdiction, but usually not in the UK. The profit problem is actually that they can be not profitable for a really long time due to VC money. Long enough to put competitors out of business, for instance
- dehrmann 2y agoUber and Lyft are both public and profitable, now. The drivers also pay taxes on their earnings.