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Uber claims reform would raise prices, refuses to consider lower corporate profit (www.theguardian.com)

submitted 11 months ago by cyu@sh.itjust.works to c/unions@sh.itjust.works

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“If platform companies are making a profit that relies on paying workers less, then arguably the difference could come out of the companies’ pockets, not the consumer’s.” "66% of full-time gig economy workers are earning below the minimum wage."

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[–] joekar1990@lemmy.world 4 points 11 months ago* (last edited 11 months ago)

Uber and DoorDash have backed themselves into a corner. VCs poured so much money into them and even with the pandemic giving them a golden goose for deliveries, they still couldn’t generate a profit.

Uber literally finally just made a profit this last quarter after 14 years of losing money, so I doubt the board is incentivized to cut the small profits they finally reached.