CEO of Uber: Gig Workers Deserve Better

Re:CEO of Uber: Gig Workers Deserve Better by rmrfstar on Monday August 10, 2020 @10:17AM (#24109497)

Let's say the US introduced a rule that required Uber to route an order to any "venue" with a "better" price. Litigate the details of "better" and "venue" later.

Do you seriously believe that no venue would pop up that yields the driver >70% of the trade price, allowing them to bid lower overall?

This is exactly what the SEC did with Reg NMS and transaction costs declined precipitously.

[ Parent | on HN ]

Re:CEO of Uber: Gig Workers Deserve Better by saddlerustle on Monday August 10, 2020 @10:36AM (#24109705)

> This is exactly what the SEC did with Reg NMS and transaction costs declined precipitously.

Citation needed - correlation is not causation. The research on this is mixed and plenty of people argue Reg NMS has increased transaction costs and reduced liquidity. It mostly acts as a subsidy to poorly run exchanges, and indeed the most efficient exchanges and the most liquid markets in some global products are now in Europe.

[ Parent | on HN ]