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patio11's profile
Patrick McKenzie
Patrick McKenzie
Patrick McKenzie
@patio11

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Patrick McKenzie

@patio11

I work for the Internet, at @stripe, mostly on accelerating startups. Opinions here are my own.

東京都 Tokyo
kalzumeus.com
Joined February 2009

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    1. Patrick McKenzie‏ @patio11 21 Dec 2018
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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.”

      11 replies 49 retweets 276 likes
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      Patrick McKenzie‏ @patio11 21 Dec 2018
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      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.

      8:19 AM - 21 Dec 2018
      • 6 Retweets
      • 127 Likes
      • follow such a one Christopher Govender Rahul Ramchandani Christopher Peters 😷 Michal M Karl Cuppazucchini Iliad ... Joe The Rigolo
      9 replies 6 retweets 127 likes
        1. New conversation
        2. Brian Goetz‏Verified account @BrianGoetz 21 Dec 2018
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          Replying to @patio11

          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.

          3 replies 0 retweets 8 likes
        3. Patrick McKenzie‏ @patio11 21 Dec 2018
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          Replying to @BrianGoetz

          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?

          2 replies 0 retweets 7 likes
        4. 2 more replies
        1. Erin L Ptáček‏ @boboTjones 21 Dec 2018
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          Replying to @patio11

          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.

          0 replies 0 retweets 2 likes
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        1.  🚲 🚎 🥑‏ @crzwdjk 21 Dec 2018
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          Replying to @patio11

          The flexible schedule thing is one of the true innovations of Lyft/Uber and adds liquidity to both the labor and ride markets.

          0 replies 0 retweets 2 likes
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        1. trueblazer‏ @bootysweaat 21 Dec 2018
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          Replying to @patio11

          Seasonal labor is mostly temps now anyways. Temp jobs that pay absolute shit. always has been prone to abuse of workers.

          0 replies 0 retweets 0 likes
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        1. Jason Evanish‏ @Evanish 21 Dec 2018
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          Replying to @patio11

          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

          0 replies 0 retweets 0 likes
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        1. Kevin‏ @kevin__177 21 Dec 2018
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          Replying to @patio11

          Kevin Retweeted Kevin

          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 …

          Kevin added,

          Kevin @kevin__177
          Uber and the labour market pic.twitter.com/agJz8ds7yh
          Show this thread
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        1. Wear Your Mask‏ @ParkLife415 21 Dec 2018
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          Replying to @patio11

          Don't worry. It won't last that long

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        1. Malcolm  🌎cean‏ @Malcolm_Ocean 22 Dec 2018
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          Replying to @patio11

          Huh, kind of like how guaranteed minimum income would force wages to rise on jobs nobody wants to do.

          0 replies 0 retweets 0 likes
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        1. Steven Kovar‏ @stevenkovar 22 Dec 2018
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          Replying to @patio11

          Of similar importance for brands is retention. Employees are most expensive when they need to be replaced.

          0 replies 0 retweets 0 likes
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