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A comment on Seattle approves minimum wage for Uber and Lyft drivers. Parent comment

Re:Seattle approves minimum wage for Uber and Lyft drivers by formercoder on Wednesday September 30, 2020 @07:29PM (#24645343)
Exactly. The only question here is can Uber/Lyft operate in an npv positive manner under these new regulations? If so, then they will and the regs hurt their margins in order to serve workers and that’s fine. If not, they’ll leave, and these people won’t have driving as a source of income.
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Re:Seattle approves minimum wage for Uber and Lyft drivers by JamesBarney on Thursday October 01, 2020 @12:03PM (#24652499)
They could continue to operate but with less drivers, fewer hours worked, and fewer total dollars being paid out to their employees. Thus hurting the employees, anyone who relies on ubers, and the companies while benefiting a subset of drivers who will make more money per hour.
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Re:Seattle approves minimum wage for Uber and Lyft drivers by formercoder on Thursday October 01, 2020 @06:39PM (#24656918)
Precisely. They could do that, they only will do that if the returns from doing so exceed their cost of capital.
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