61–70 of 95 posts
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This just codifies an existing California Supreme Court ruling and applies it to general employment status. Explainer of the Supreme Court ruling: https://www.forbes.com/sites/tonymarks/2018/05/29/the-califo... > Under the newly adopted ‘ABC test,’ a worker is an independent contractor to whom a wage order does not apply only if the hiring entity establishes all of the following: (A) that the worker is free from the…
What if you’re a clown and you show up in jeans and a button down with normal sized shoes and no makeup?
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What a crock, Uber is setting those prices not the market. The market says Uber should be going out of business with the prices it sets, except investors keep dumping money into it.
Markets are still markets when subsidy is involved. In this case the market behaves as an oligopoly: it's dominated by two firms.
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>you have protection against arbitrary termination https://en.wikipedia.org/wiki/At-will_employment
That's all fine and good on paper, but what do you think really happens when an employer fires an at-will employee, without cause, who doesn't like what happened?
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That's all fine and good on paper, but what do you think really happens when an employer fires an at-will employee, without cause, who doesn't like what happened?
Maybe the employee gets their lawyer involved, and then the company gets their entire cadre of highly-paid lawyers specializing in exactly this thing involved and regardless of whether the law's on the employee's side, he gets a legal fight that will just drain his resources for years and years (or until he's broke).
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Markets are still markets when subsidy is involved. In this case the market behaves as an oligopoly: it's dominated by two firms.
GP specifically claimed Uber was an efficient market, not simply a market. (Regardless, Uber is in a market, but it is not itself a market)
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As with any independent contractor, the market sets the rate. Uber is just a really efficient marketplace since an Uber ride is a complete commodity with no specialization.
Uber isn't a real marketplace. "Sellers" (riders) don't set their own prices, and "consumers" (riders) don't get to choose who provides the service to them. Furthermore, prices are driven down artificially by investors who are willing to take a loss until other "markets" are forced out of business, at which point Uber will presumably raise its prices to actual taxi market rates.
They kinda do, by not accepting rides under a certain price and forcing a raise, like it has been reported.
> Furthermore, prices are driven down artificially by investors who are willing to take a loss until other "markets" are forced out of business, at which point Uber will presumably raise its prices to actual taxi market rates.
This will never happen. Anyone can start a ride-sharing service with a tiny investment. There's no way bankrupting current companies will give Uber an unassailable market.
A pedant might argue, and cogently one might add, that Uber's unsustainable business model is what will destroy Uber's unsustainable business model.
The story of Uber is one of how surprisingly long they can keep an unsustainable (and illegal) business model running. They were supposed to be dead for a long time now. They're still kicking.
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What if you’re a clown and you show up in jeans and a button down with normal sized shoes and no makeup?
As far as I could imagine, most clown contracts don't actually specify the exact articles of clothing down to the UPC; anything that looks reasonable is permitted. Whereas Uber has a list of specifically permitted vehicles.
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As with any independent contractor, the market sets the rate. Uber is just a really efficient marketplace since an Uber ride is a complete commodity with no specialization.
What a crock, Uber is setting those prices not the market. The market says Uber should be going out of business with the prices it sets, except investors keep dumping money into it.
>The market says Uber should be going out of business
The market isn't saying Uber should go out of business or it would have gone out of business. The market is saying Uber should be aggressive about pricing until Uber's competitors stop subsidizing their rides. Investors are part of the market too.