> Uber represents the new kind of company where all the risk is pushed to the employee, while all the profits are pulled to the company.
What profits are you referring to? My issue with this line of thinking is that it basically makes it sound like these companies are sitting on some huge volume of excess cashflow that they could freely give to their contractors if they simply chose to do so.
AFAICT, they actually charge similar rates to taxis (which also usually use contractors here) while not making as much money, and providing a vastly better end user experience.
I don't see a lot of room for better worker pay here.
What profits are you referring to? My issue with this line of thinking is that it basically makes it sound like these companies are sitting on some huge volume of excess cashflow that they could freely give to their contractors if they simply chose to do so.
AFAICT, they actually charge similar rates to taxis (which also usually use contractors here) while not making as much money, and providing a vastly better end user experience.
I don't see a lot of room for better worker pay here.