And the fact you don't acknowledge that rent seeking has led to horrors such as the gig economy and the DCMA really shows your ignorance.
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Replying to @ladyattis
Lol the *whole concept* of the "gig economy" was to attack "rent-seekers", that's their whole ideological selling point What Paul Graham called "liberating potential energy" Uber busting up the old taxicab medallion "cartel", Airbnb busting up the hotel industry's "oligopoly"
2 replies 5 retweets 26 likes -
Replying to @arthur_affect
While acting as a middle man that EXTRACTS value from the labor of the drivers themselves. But please continue to lie about the impact of Uber on labor rights (i.e. they keep calling their drivers contractors and fight all unionization).
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Replying to @ladyattis @arthur_affect
No, the whole concept is that bc digital replication is effectively free, digital intermediation operates ~$0. if you can smash the meatspace intermediation (the medallion cartel), Transaction$
0
Yet you’re still profitable bc, like office space, fractions of pennies add up1 reply 0 retweets 0 likes -
Replying to @lawnerdbarak @arthur_affect
That's the rent seeking. You take money from riders and the drivers coming and going. That's classic rent seeking per Ricardo. I don't get why this is considered a controversial position.
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Replying to @ladyattis @lawnerdbarak
Uber is objectively cheaper for the rider, at least for now, than taking a cab That's the whole reason it caught on so fast, that's why they were able to present to the public as fighting "cartels"
4 replies 2 retweets 14 likes -
Replying to @arthur_affect @lawnerdbarak
They'll jack up the customer rates once they have monopoly. That's how it works. Or are you ignorant of how such businesses work?
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Replying to @ladyattis @lawnerdbarak
And do you think Uber is bad because of this hypothetical rent they will be charging at some point in the future as opposed to the race to the bottom for prices and working conditions their drivers are experiencing right now
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With the impending tech disruption, how much longer do we think, realistically, that taxi driving will be a viable occupation?
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You mean self-driving cars? I've become way more of a skeptic on that after the recent scandals
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If you're NOT talking about self-driving cars then as long as there are human beings whose job is driving other people around then that's a job that needs to be paid a living wage
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