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by ChrisLomont 2108 days ago
Wage floors push the most vulnerable out of the workforce. Is that bad?
3 comments

This would be the immediate effect today. An alternative description is "VC money supports the axe hanging over unprofitable uber jobs". The question is - does uber need to find a solution to this problem today or in X months?

This is going to happen one way or another.

Uber is profitable in many markets and was approaching broad profitability this year before Covid.
If somebody is vulnerable, I'd say it seems like a very bad thing to make them work by threatening them with homelessness and poverty, enforced by men with guns.

So no, I don't think it is.

If most people want to help them, as apparently most people do (these laws need to get passed in a democracy, after all), why does that help need to be enforced by men with guns?
Yes. A sense of self determination is important to human functioning.