Re:Seattle approves minimum wage for Uber and Lyft drivers
by pjmorris on Friday October 02, 2020 @07:24AM
(#24661448)
So, that's an optimization problem around cost of benefits versus amount of revenue, right? The company can view it from the aggregate perspective; they might lose money on some low-hour employees, but still capture the revenue, enhance their market share and convenience, and make it up on revenue versus cost aggregated over all employees.
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