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Great! Let's encourage drivers who can't afford a car to take out (in effect) a huge loan on an expensive car that they couldn't otherwise obtain, then make the
by joosters 13y ago
Great! Let's encourage drivers who can't afford a car to take out (in effect) a huge loan on an expensive car that they couldn't otherwise obtain, then make their more-affordable repayments conditional on working as a reduced-rights contractor for us. So this is basically indentured service then?
- mixedbit 13y agoI think we've already seen something like this in practice. One missing piece: let's make money by betting that these drivers won't be able to pay the loans.
- jaibot 13y agoHow is this different from a loan to start any business?
- joosters 13y agoUm, in many many ways. It's probably easier to compare it to something similar, e.g. An ordinary car lease. Here, you have all the advantages/disadvantages of a leasing agreement, but you're now tied to work as a contractor to Uber, who have no obligations to you. No guarantee of work, no certainty of income, few benefits. Meanwhile, should you stop working for them or if business is not good, suddenly you are on the hook for a lease that you can no longer afford.
- buro9 13y agoYou have just described Addison Lee in the UK: http://www.addisonlee.com/ http://www.addisonlee.com/