Hacker News new | ask | show | jobs
by TheOperator 2129 days ago
Competitive markets combined with regulation are the way we allocate resources in virtually every country. Unchecked competition can lead to exploitative races to the bottom, concentration of capital in the hands of people who cannot use it efficiently, and wanton externalising of costs (pollution, insurance, congestion). Ridesharing did create a competitive market and now its negative aspects should be curtailed.

I'm not in favour of a return to the 40 hour workweek which seems arbitrary and archaic and smacks of throwing the baby out with the bathwater. I would prefer an equivalent to the 40 hour workweek for contractors, we have price controls for farm workers, but for some reason act as though it's normal for Uber drivers to work for effectively well under minimum wage. We need to ensure the drivers are getting a bigger share of the proceeds at the time the profits are being generated, not afterwards after labour has lost all of its negotiating leverage and granted a massive warchest of money to capital. States like California should be competitive and fight for a share of profits, not passively roll over.