I see many people complain about the commission they charge to restaurants, but how much restaurants save by not having to serve customers on premises?
After all, if restaurants sign up to work with Deliveroo they must have done their homework and concluded that they were still in the black.
Or a VC backed firm with zero profits was created with a sole purpose of securing enough market share that any restaurant that doesn't hand over their 30% is immediately squeezed out of the market.
I'm not saying it's illegal, but it's crappy and the stock market has apparently had its say. At least for now.
Is it the company, or the customers that won't pay enough?
Is it the company & customers, or the government that doesn't mandate a price floor so that all companies now have to pay riders more and take less commission? And if that were to happen, and all food delivery companies went under, is that a better out come for consumers and riders?
Something has to give—it's not like these companies are making money hand over fist—the customer needs to pony up for the true cost of delivery; they're the problem.
the value they provide is great to both workers and investors. immense to clients.
Example, if Airbnb had the same fire regulations as hotels or paid the same tourism tax to city councils the price difference would likely dissapear.
If Uber had to garantee vehicle maintenance, mandatory driving breaks, insurance etc. The ride price difference would likely get eaten away.
This is not about fairness it's about rule of law. You either accept that regulations and taxes exist for a reason and they therefore carry an upfront cost for anyone doing business. Or you accept that everything should be deregulated to avoid non-competitive business from bypassing those that are forking regulatory costs.
Regulate for everyone or regulate for no one but you can't have it both ways.
I feel like government needs to solve this. Maybe UBI?
The ones who leach off the vulnerable and pay less than minimum wage after realistic considerations need kicking out of society.
Basically, you reap what you sow. This is, hopefully, the start of the pushback against gig economy companies that provide little to no actual value in the public marketplace.