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A comment on Uber proposes policy that would pay drivers a minimum wage of $21 per hour. Parent comment

Re:Uber proposes policy that would pay drivers a minimum wag... by cactus2093 on Thursday August 29, 2019 @01:22PM (#20831622)
Why do you think they’ll manage to socialize the losses?

So far the losses have been very privatized (VC and bank money) and if anything the gains have been socialized (the general public has benefited a lot in the form of taxi-like transportation, airport rides, etc. getting phenomenally better in most cities where Uber exists).

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Re:Uber proposes policy that would pay drivers a minimum wag... by my_username_is_ on Thursday August 29, 2019 @01:32PM (#20831728)
There have also been public losses. Transit ridership tends to decrease with increased ridesharing. This means more cars on the roads, less money for public transit, and more pollution.
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Re:Uber proposes policy that would pay drivers a minimum wag... by linuxftw on Thursday August 29, 2019 @03:00PM (#20832535)
If there was no public transit, there would be private transit. This of course means privatizing roads and not using eminent domain to build transit.

Then, transit will cost exactly what it should cost, and we can lower taxes as well.

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