this post was submitted on 15 Mar 2024
5 points (100.0% liked)

Work Reform

9857 readers
199 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 1 year ago
MODERATORS
 

Lyft and Uber said they will cease operations in Minneapolis after the city’s council voted Thursday to override a mayoral veto and require that ride-hailing services increase driver wages to the equivalent of the local minimum wage of $15.57 an hour.

Lyft called the ordinance “deeply flawed,” saying in a statement that it supports a minimum earning standard for drivers but not the one passed by the council.

you are viewing a single comment's thread
view the rest of the comments
[–] FederatedSaint@lemmy.world 0 points 6 months ago (1 children)

I don't know the economics, truly, but there are a LOT more expenses involved in running a large business like Uber on top of driver wages, such as technology service and hardware costs, programmers and central admin/customer service, rent or cost of buildings including utilities, insurance, taxes, fees, consulting and auditing, cybersecurity, legal, and probably quite a bit more I can't think of. Running a business is friggin expensive.

Definitely not defending paying workers less, just trying to explain why they still might not be in the black even in your scenario.

[–] Daft_ish@lemmy.world 1 points 6 months ago

They shouldn't even exist in the space since they skirted regulators when setting up. It's like if the pirate bay set themselves up as a legitimate business.