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We must return to an economy fueled by innovation, rather than disruption

greg-satell.medium.com

151–160 of 318 posts

Re: We must return to an economy fueled by innovation, rather than disruption

#151

Can we get an open source gig economy app where 75% of the profits go to gig workers? Then 7.5% would go towards employee rights and benefits of gig workers, 7.5% towards contributors improving the software, and 10% towards customer support and legal third parties.

Isn't that what Gitcoin does?

Re: We must return to an economy fueled by innovation, rather than disruption

#152

Can we get an open source gig economy app where 75% of the profits go to gig workers? Then 7.5% would go towards employee rights and benefits of gig workers, 7.5% towards contributors improving the software, and 10% towards customer support and legal third parties.

Huh? Nothing stops gig workers as it is from organizing and just paying an app developer. The unions simply can't make inroads with them for whatever reasons.

The problem is investors building huge piles of money to corner a market. You can't easily beat that kind of betting power.

Re: We must return to an economy fueled by innovation, rather than disruption

#153

Earlier quoted context omitted.

Huh? Nothing stops gig workers as it is from organizing and just paying an app developer. The unions simply can't make inroads with them for whatever reasons.

One reason being union-busting behaviors from the threatened firms, obviously.

The workers are independent contractors. Uber drivers and TaskRabbit workers and the like are not on employee time or property. So what behaviors are you talking about? Uber certainly doesn't have to sell the Teamsters ad space on their app of they don't want to. It's their app.

Re: We must return to an economy fueled by innovation, rather than disruption

#154

Any article that says: > Anybody who’s ever taken an Economics 101 course knows clearly has no idea what they're talking about. Real market are far more complex than what can be described by Economics 101

I gather that it's even worse than that: I've heard that Econ 101 teaches those commonly heard things (supply/demand curves, inflation, etc) so that higher-level courses can then contextualize why they're so wrong and oversimplistic when they teach the "real" current theory (kinda like how we still teach the "electrons orbiting a nucleus" model in HS physics only for undergrad-level physics to say "that's all wrong: their position is described by a probability-density wave-function".

Gotta start somewhere, I guess - but I'm just afraid that because I'm nowhere near an expert that I'll be bamboozled by someone with legitimate qualifications, but without realizing that they're actually still not qualified to speak about the subject either.

Re: We must return to an economy fueled by innovation, rather than disruption

#155
post #140

Earlier quoted context omitted.

You could just phone a cab, no? That's what I did anyway; it's less convenient than an app, but back in the day you didn't have mobile phones either so not much option really. I don't really see how an "app" is fundamentally all that different, and it's kind of an obvious thing to add once smartphones become popular. I agree that Uber injected some fresh energy in a somewhat complacent market, but the real "innovatio…

>You could just phone a cab, no? That's what I did anyway; it's less convenient than an app, [...] I don't really see how an "app" is fundamentally all that different, It's more than just a substitution of tapping an icon vs dialing a phone number. The Uber business model of non-medallion cars and geographic matching algorithm builds up a "distributed mesh" of drivers to serve passengers -- especially those who are n…

> When I was stuck in some distant suburb and had to use taxi companies, the way I "hacked" them to reliably come was to tell dispatch to tell the taxi driver I will tip an extra $20 for the ride. Basically, a form of bribery so the taxi drivers wouldn't ignore the dispatch call.

I find this interesting because on the food delivery side, this is kind of mental gymnastics the worker needs to do. If it is a busy evening hour, do you want to take a (small) McDonalds order? Most likely not, unless there is a nice tip. You could do at least two deliveries in the time you wait for the McD order.

I imagine rider side is the same way as delivery. Every worker has to do this sanity check if whether something is worth doing.

If workers are taking low reward rides or deliveries, it is probably because they think they aren't missing out on something better.

Re: We must return to an economy fueled by innovation, rather than disruption

#156
post #55

I just find it really weird that there wasn't a thinktank in 2005 or so, that said "Okay, what are the next big phone applications?" and invented Uber and a few others. What is the point of these thinktanks if they can't predict 3 years ahead along our current technological advancement curve?

I have friends in South Africa who built a small business similar to uber in 2004 on SMS and future phones. Worked really well, however, at the end of the day an idea does not build a business like uber. Extremely well executed startups does, which of course requires a team in just the right milieu and timing.

> I have friends in South Africa who built a small business similar to uber in 2004 on SMS and future phones.

(I assume you meant "feature-phone" there?)

You should tell your SA friends to reach out to some tech journos, they'd love to write a "Uber before Uber" story, and I'd like to know the reasons why their project didn't pan-out myself. SMS-based applications had a lot of potential in the mid-2000s, often the failures were elsewhere, and doesn't SA also have SMS-based billing too? that could have been an amazingly successful service...

Re: We must return to an economy fueled by innovation, rather than disruption

#157
post #22

Fully agree with this. It seems like so many of the apps that come to dominate just make up for shortcomings unique to the US that then, with money, take over the rest of the west for no good reason other than scale to get 25 people at the top of those companies rich. I’ve never seen the need for Uber. Taxis have never been an issue in the UK and the most successful firms in the city I lived when Uber was starting ou…

Absolutely disagree - taxis in the UK used to be awful, none of them had apps before Uber. Black cabs in London were generally good due to the high entry requirements but you could only get them by flagging them down somewhere fairly central. Uber introduced competition which has massively improved all other taxi services. These days there's nothing special about Uber except its ubiquity so I don't care if it fails n…

>Ofc this doesn't excuse their illegal practices.

In some ways it does though. Some industries corner the market through regulation. Ie it's impossible for a new competitor to start up that follows all the rules and it's that way by design. The only way to break into that market is to break the rules or buy out an existing business.

Re: We must return to an economy fueled by innovation, rather than disruption

#158
post #71
post #65

Earlier quoted context omitted.

++ taxi companies were corrupt due to the taxi medallion system.

As decided by the people. They could have politically campaigned to change that, buy out all the medallions at fair market price and the redistribute them for free in sufficient quantity.

Fuck that. Medallions are licenses and the government can grant more licenses as they see fit. They don’t need to compensate people who already hold them for granting more.

Re: We must return to an economy fueled by innovation, rather than disruption

#159

Earlier quoted context omitted.

It will work out for them when/if they have destroyed the competition, that's the point. And in any case the founders are still billionaires.

This game is over. There is no way uber is getting a monopoly on taxi service. The popularity of uber has had the wrong effect: taxi companies are getting apps now, and other ridesharing companies are trying to get a piece of the action. There will not be a monopoly except in the places that are truly unprofitable to service.

This is a good effect for the economy though. The customers are benefiting from it. Not so great for Uber though.

Re: We must return to an economy fueled by innovation, rather than disruption

#160
post #140

Earlier quoted context omitted.

You could just phone a cab, no? That's what I did anyway; it's less convenient than an app, but back in the day you didn't have mobile phones either so not much option really. I don't really see how an "app" is fundamentally all that different, and it's kind of an obvious thing to add once smartphones become popular. I agree that Uber injected some fresh energy in a somewhat complacent market, but the real "innovatio…

>You could just phone a cab, no? That's what I did anyway; it's less convenient than an app, [...] I don't really see how an "app" is fundamentally all that different, It's more than just a substitution of tapping an icon vs dialing a phone number. The Uber business model of non-medallion cars and geographic matching algorithm builds up a "distributed mesh" of drivers to serve passengers -- especially those who are n…

> drivers can ignore it and wait for the more lucrative airport-to-downtown ride for $50. Why? Because the taxi meter only runs when that passenger is in the car so it punishes suburb-to-suburb trips and instead, incentives them to wait for the longer airport trips. So hub-to-suburb and suburb-back-to-hub is "dead time" the drivers are not paid for.

Isn’t it the same for Uber? They don’t get paid to get to your location so the only advantage as a driver is being picking up someone in the area you drop off another passenger. Dispatch worked similarly but it had its limitations of its time.

One thing that was not possible that Uber does is ride sharing.

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