It’s no secret that Uber upended the taxi industry and have caused real hardship. The price of NYC taxi medallions plummeted because of ridesharing. Getting around went from standing at the curb with an outstretched arm into tapping some buttons in an app. It’s really convenient but convenience comes at a price. Uber was thought to be rich with cash prior to going public. After disclosing their financials people learned that Uber was subsidizing every single ride in order to keep fares low. They paid good fares to drivers in order to entice them to drive for Uber. It was…
Tag: gig economy
Amazon, a company worth $1.75 TRILLION, uses normal people to deliver goods from Whole Foods and Amazon Fresh. Amazon calls their program Amazon Flex. It’s a near-identical setup to DoorDash and Uber Eats jobs. Normal people use an app for “gig work” and deliver stuff using their own vehicles. Earlier this month Amazon settled a lawsuit with the FTC about pocketing the tips of Flex drivers. Earlier this year, the FTC sued Amazon for withholding tips in its Flex program between the years 2016 and 2019. Amazon continued to collect portions of the drivers’ tips up until the government filed…