Uber makes a very small profit as a % of revenues and compared to its stock market valuation.
Who is to define "could" or "should?" in the case of Uber? For other jobs, we have minimum wage legislation, which is decent in some states and ridiculously low on a federal level.
The only solution I can see is to make Uber and Lyft drivers full time employees, but if that happens I'm not sure the business models would work.
For disclosure purposes: I'm not an investor in any of these companies, although i do use Uber and tip generously.
If the drivers know what they will be paid if they accept the ride, I don't see the ethical problem.
Uber makes a very small profit as a % of revenues and compared to its stock market valuation.
Who is to define "could" or "should?" in the case of Uber? For other jobs, we have minimum wage legislation, which is decent in some states and ridiculously low on a federal level.
The only solution I can see is to make Uber and Lyft drivers full time employees, but if that happens I'm not sure the business models would work.
For disclosure purposes: I'm not an investor in any of these companies, although i do use Uber and tip generously.