Re:Money Out of Nowhere: How Internet Marketplaces Unlock Ec...
by Scoundreller on Friday March 01, 2019 @12:27PM
(#19283102)
> uber is a marketplace for transferring illiquid wealth assets from drivers to uber itself, along with a fraction of the revenues from each ride
The same could be said of the taxi medallion system. Low-income drivers with illiquid value for their time, with most of the value going to medallion owners, car owners and dispatchers.
The same could be said of the taxi medallion system. Low-income drivers with illiquid value for their time, with most of the value going to medallion owners, car owners and dispatchers.