Re:Uber wants to redefine employment, labor groups are fight...
by icebraining on Wednesday April 08, 2020 @09:18PM
(#22818942)
> NYC medallions used to be $1m in 2013.
Exactly. Which is why most of them are owned by companies (almost 1/3 by a single one: Marblegate Asset Management), not by plucky immigrants pulling themselves by their bootstraps. Those are the ones renting the medallions and not saving anything close to $1M even in 20 years. The average income of a NYC taxi driver in '93 (so long before Uber and such changed the market) was $19k/year!
Sure, in some markets the city occasionally issued some medallions for lower prices, but how is a lottery earning something through gumption? It's literally blind luck!
> 20 or 30 years driving 70+ hours a week? And they're an immigrant just trying to live the American dream?
How can we be criticizing Uber for exploiting their workers, while promoting working 70+ hours a week? How is that not exploitative?
Exactly. Which is why most of them are owned by companies (almost 1/3 by a single one: Marblegate Asset Management), not by plucky immigrants pulling themselves by their bootstraps. Those are the ones renting the medallions and not saving anything close to $1M even in 20 years. The average income of a NYC taxi driver in '93 (so long before Uber and such changed the market) was $19k/year!
Sure, in some markets the city occasionally issued some medallions for lower prices, but how is a lottery earning something through gumption? It's literally blind luck!
> 20 or 30 years driving 70+ hours a week? And they're an immigrant just trying to live the American dream?
How can we be criticizing Uber for exploiting their workers, while promoting working 70+ hours a week? How is that not exploitative?