Re:Uber is dropping rates for drivers down from 80 cents/mil...
by jtms on Sunday March 31, 2019 @10:52AM
(#19535875)
Its a voluntary agreement between two parties - they should be able to make whatever deal they want as long as both parties are amenable. If not amenable, go elsewhere.
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Re:Uber is dropping rates for drivers down from 80 cents/mil...
by petschge on Sunday March 31, 2019 @12:42PM
(#19536528)
They don't agree voulnatrily on that low payoiut per mile because Uber and indivudual drivers have very different bargaining power. A free market can only exist between well-informed rational actors that can both walk away from the deal. In the face of huge power disparities you need limits on the power of the stronger player for a long term market to exist. This is exactly what minimum wage is. So don't trode out the tried old propaganda of cut-throat capitalists such as "they took the deal".