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My father gave a sign-of-the-economy update for Chicago worth sharing, from a friend who hires material numbers of retail workers: “Harder than ever to keep the best people. Anyone organized enough to keep a car running does Uber/Lyft/etc. Better money, better shifts, no boss.”
I know this is controversial but this feels like an unalloyed good thing, and is forcing wage increases on the retail businesses to retain the folks who don’t switch, apparently.
Uber makes a sophisticated deal with unsophisticated counterparties, who are prone to think the money they get paid is wages, when in fact it's a complex bundle of wages, operating expenses, depreciation, and risk premium. This obfuscation of wage is not remotely a good thing.
I’m inclined to be sympathetic to that thesis but it has to have an expiry date, right? Even unsophisticated counterparties can talk to each other. If it’s a bum deal your cousin/uncle/buddy who has been taking it for 3 years will tell you so. What’s your read on those convos?
All the research I've seen indicates that people don't get paid great after expenses (e.g. https://www.recode.net/2018/10/2/17924628/uber-drivers-make-hourly-expenses … and http://www.mrmoneymustache.com/2017/11/22/mr-money-mustache-uber-driver/ …).
I think behavioral economics is at play here. Drivers are likely to brag about their good nights to friends. People driving are likely to have an unsophisticated network. Confirmation bias is at play, as no one wants to admit to themselves they've been getting ripped off.
The typical criticism of Uber/Lyft driving is that they’re bad jobs (which is fair). But the comparator is not a cushy office job - it’s a hellish retail gig, against which driving for Uber looks pretty good.
That's exactly how I look at it. If you have a car or frequent access to a car, Lyft/Uber are a much better option than working retail for many people.
The flexible schedule thing is one of the true innovations of Lyft/Uber and adds liquidity to both the labor and ride markets.
It's good to read about a positive outcome of the gig economy. I've been worried for a while that it's a dead end for skills training. But this indicates a togetherness of people who might be using the flexible schedule thoughtfully.
Of similar importance for brands is retention. Employees are most expensive when they need to be replaced.
Huh, kind of like how guaranteed minimum income would force wages to rise on jobs nobody wants to do.
Don't worry. It won't last that long
Agreed, though I think impact is still quite small (and income overstated). Good report at bottom here:https://twitter.com/kevin__177/status/1004055996086358016?s=21 …
Its a good thing if its driving retail wages up, but also consider anyone driving an Uber or Lyft in the suburbs of every major city isn't doing this full time. It's supplementing incomes.
A lot of retail is brutal with difficult scheduling, no flexibility, and some won’t even let you ask for time off for any reason (Ie- you work when I tell you no matter what). Agree this is welcome competition that should not just impact wages, but improves experience on job
Seasonal labor is mostly temps now anyways. Temp jobs that pay absolute shit. always has been prone to abuse of workers.
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