Uber is laying off 3,700, as rides plummet due to Covid-19

Re:Uber is laying off 3,700, as rides plummet due to Covid-19 by BurningFrog on Wednesday May 06, 2020 @12:44PM (#23093215)

If they're that desperate, the company could already lower the wages.

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Re:Uber is laying off 3,700, as rides plummet due to Covid-19 by ivalm on Wednesday May 06, 2020 @02:12PM (#23094391)

There is always hysteresis. People don’t just operate on some smooth indifference curve. You cant lower wages (due to past wage history), but total comp can go down (due to less tipping and companies not increasing wages). Furthermore, lots of gig/restaurant workers operate close to minimal wage, which further drives wage inelasticity (eg companies cannot drive down their wage).

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Re:Uber is laying off 3,700, as rides plummet due to Covid-19 by freeone3000 on Wednesday May 06, 2020 @01:49PM (#23094098)

Wages are at the legal minimum.

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