Lyft and Uber threatened to stop doing business in Minneapolis after the city council adopted a new rule Thursday that would set a minimum wage for rideshare drivers.
Exactly. I envision them threatening to leave, but ultimately not taking the revue hit by raising prices for the end users.
I don’t agree with profits over everything. I anticipate the public narrative blaming the drivers or politicians for them exiting the market, but in my opinion its their own corporate greed thats pushing them out. This is unfair and people shouldn’t be vilified for standing up for workers rights.
It’s like when Amazon threatened to leave NY when AOC was campaigning for higher minimum wage over there or whatever it was. I forget the exact details, but the point is that it ended up being a bluff and of course they stayed.
I don’t keep up with Uber news, but do they still not consider their drivers to be actual employees, but rather 1099 workers? Either way that company can go to hell.
Okay bye bye. It’s not like they suddenly take all the drivers and their cars with them. Are they forgetting what business they are in? All they do is match drivers with passengers. Some other scrappy startup can easily fill that gap when they leave. Uber became only big because of first mover advantage and cut throat capitalism. Their tech is not groundbreaking.
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