Are these business worth having? If we hope to maintain our quality of life, I believe yes.
And because the choice for these workers is low wages or no wages, then answer is probably yes for them as well.
The only other option for higher wages would be for these businesses to be state-sponsored, which is at least worth consideration.
If this were true, they would not have extra money to give to shareholders. The idea that a corporation is allowed to pay poverty wages while still claiming profit for speculative investors is the problem. That isn't a harsh reality, that is legally sanctioned exploitation. Does every business do this? Of course not, but looking at corporate profits over the last 20 years, it is clear this is the norm.
> The only other option for higher wages would be for these businesses to be state-sponsored, which is at least worth consideration.
Completely untrue. The money is already there. It is just being given to speculators, not workers. Weird how average wages have gone down in the last 40 years but CEO pay has gone up almost a 1,000%.
If drivers really lost money working with Uber or if it was so little money compared to minimal wages, nobody would be driving!
And, to he honest, I really don't like the condescending attitude some politicians have toward Uber drivers. They seem to assume they can't do the math to figure out if they are profitable or not.
So with higher wages, you're just accelerating Uber's drive into insolvency. Their only option is to cut workers and increase ride prices.
But you can only do the latter so much before you lose users to the point where Uber just becomes a private taxi service for the wealthy in which case you might as well not use a rideshare model and just hire professional chauffeurs.