Quote (ofthevoid @ Aug 20 2020 12:40pm)
Most businesses take time to become profitable. Fuck-ton of businesses took years to become profitable, Tesla, Amazon, Square, etc. Uber/Lyft are massive job providers, smacking them over the head on that journey is not the right thing to do when labor force participation rate is at decades low and unemployment is in the double digits in the US.
Sure, but they've had time. They're huge companies in fierce competition. As long as there's demand the hole will be filled. There's no need to worship at the feet of big business. It's demand that creates jobs, not corporate money. Corporate money will always come in to fill the hole if there's sufficient demand, and there is, but no amount of corporate money will create jobs without demand.
Quote (thundercock @ Aug 20 2020 02:04pm)
Should I be able to skirt regulations just because I'm operating at a loss? Isn't that a bit silly? There are very simple things Uber could do to be in compliance such as allowing drivers to dictate how much they should get paid (which is what contractors can do)
Look, I applaud Uber for being a trailblazer because they truly changed the world. However, they were operating in a "no man's land" so to speak when it came to labor laws and the state of CA fixed it (which is their job). Uber has had PLENTY of time to comply and they chose to go the lobbying route instead. If Uber dies because of this, then so be it. Another, more innovative company will take its place. That's the beauty of capitalism.
This this a million times this. We have been worshiping big corporate money for too long. Bending to them in cases like this is one factor that kills smaller businesses trying to compete in the same playing field.
This post was edited by Thor123422 on Aug 20 2020 01:19pm