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by allthenews
3021 days ago
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But this is an excellent example of a case where forcing minimum wage equivalent on ride sharing would result in a net loss of jobs, is it not? Where is the money going to come from? I use ride sharing because it is cheap and convenient, but it is something I can gladly go back to living without. Meanwhile, on the "market" supply side, you have individual people rationally choosing to drive, and you are advocating to essentially take that agency away from them, by artificially setting a price floor. |
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Even though people are getting paid a pittance, the actual fares are severely subsidized by VC money, so what you're paying for isn't sustainable.
The other shoe will drop soon. And drivers STILL won't get paid much. So it's not like this business model is that strong as it is.