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Everything in that article screams they already were in a precarious "devastated" financial situation. A prime example of the modern day indentured servant: be

Everything in that article screams they already were in a precarious "devastated" financial situation. A prime example of the modern day indentured servant: beholden to his creditors, subject to the whims of whoever pays him pennies for a dollars worth of work.

gruez 1y ago
>pays him pennies for a dollars worth of work. Uber's financial statements says drivers get around 70% of fares. You might think 30% is too high of a cut, but to imply that drivers are getting paid "pennies" is patently false. https://investor.uber.com/news-events/news/press-release-details/2024/Uber-Announces-Results-for-Fourth-Quarter-and-Full-Year-2023/default.aspx https://investor.uber.com/news-events/news/press-release-det...
- chmod775 1y ago
  The guy was making 900 dollars a week revenue (not profit) in a city where rent alone is north of $2k. The whole equation was fucked to begin with. Staying in a city like that with that kind of income is financial suicide. He needed to move rather than take a low-paying job. Why didn't he? Uber is able to charge little because at the other end they're able to pray on people who make bad financial decisions or have no other option for one reason or another. In a fair world they'd not only raise prices, but also lower their margin.
  - gruez 1y ago
    >Uber is able to charge little because at the other end they're able to pray on people who make bad financial decisions or have no other option for one reason or another. Yeah, it's called supply and demand. When supply is high, prices are low. >In a fair world they'd not only raise prices What do you think happens prices go up? Taxi prices are already high as it is. Raising the prices would mean less riders, which is arguably worse for those drivers. Moreover this is essentially price fixing, but I guess you're fine with it because it's not an evil corporation doing it?
    - chmod775 1y ago
      We have already established that there are irrational actors. With that, the whole basis for a "free market" to function is out the window.

gruez 1y ago

>pays him pennies for a dollars worth of work. Uber's financial statements says drivers get around 70% of fares. You might think 30% is too high of a cut, but to imply that drivers are getting paid "pennies" is patently false. https://investor.uber.com/news-events/news/press-release-details/2024/Uber-Announces-Results-for-Fourth-Quarter-and-Full-Year-2023/default.aspx https://investor.uber.com/news-events/news/press-release-det...

chmod775 1y ago
The guy was making 900 dollars a week revenue (not profit) in a city where rent alone is north of $2k. The whole equation was fucked to begin with. Staying in a city like that with that kind of income is financial suicide. He needed to move rather than take a low-paying job. Why didn't he? Uber is able to charge little because at the other end they're able to pray on people who make bad financial decisions or have no other option for one reason or another. In a fair world they'd not only raise prices, but also lower their margin.
- gruez 1y ago
  >Uber is able to charge little because at the other end they're able to pray on people who make bad financial decisions or have no other option for one reason or another. Yeah, it's called supply and demand. When supply is high, prices are low. >In a fair world they'd not only raise prices What do you think happens prices go up? Taxi prices are already high as it is. Raising the prices would mean less riders, which is arguably worse for those drivers. Moreover this is essentially price fixing, but I guess you're fine with it because it's not an evil corporation doing it?
  - chmod775 1y ago
    We have already established that there are irrational actors. With that, the whole basis for a "free market" to function is out the window.