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> Fiona Ramsey, the director of communications for Peers... added: “We worry the share economy will cease to exist if these cases are successful.” > That worr
by eykanal 12y ago
> Fiona Ramsey, the director of communications for Peers... added: “We worry the share economy will cease to exist if these cases are successful.”
> That worry may be exaggerated, however. Deep-pocketed companies like Uber, which has raised nearly $5 billion in venture capital since launching, could surely afford the additional expense of putting drivers on its payroll.
What a silly argument! Raising a ton of money in venture capital doesn't mean that the business model itself is profitable, and in the long run that's what matters. If the profitability of the entire business model is built on illegal classification of workers, then the model is a failure (within this legal framework, at least) and won't work.
Either change the law or change the model, but something will have to change.