I, too, dream of the land of make believe, where a company losing $2B annually in a cutthroat business doubles its drivers' wages and becomes profitable. https://www.nytimes.com/2019/05/01/opinion/uber-ipo.html …pic.twitter.com/LcIJ4IAtC8
"The business is going to zero in any scenario, so you might as well double drivers' wages on the way down" is a different argument that the one I thought you were making - but I disagree with this premise, too.
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So since we seem to agree that paying drivers a 'livable wage' would cause the company to bankrupt, are you suggesting that drivers be given equity? Or am I misunderstanding something?
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Drivers should be getting substantial equity in lieu of substantial income. It would have aligned everyone. If either Uber or Lyft solved this properly with IPO’s and rewarding more equity going forward, they would dramatically increase driver loyalty and shatter the competition.
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