In advance of Ubers IPO, from the Washington Post on 5/7/19:
Drivers in at least eight U.S. cities — including Washington, New York, Los Angeles — are planning to strike Wednesday, according to the New York Taxi Workers Alliance. The protests come as ride-hailing companies face increasing scrutiny over the sustainability of their businesses, which experience massive losses while relying on the work of millions of drivers who are not employees.
Massive losses? Increased traffic congestion? Immiserated workers? Cool! Let’s double down!
“Wall Street investors are telling Uber and Lyft to cut down on driver income, stop incentives, and go faster to Driverless Cars,” Bhairavi Desai, executive director of the taxi alliance, said in a news release. “With the IPO, Uber’s corporate owners are set to make billions, all while drivers are left in poverty and go bankrupt.”
It is “just business” for a few sociopaths who have no regard for the exploitation of others or the social impacts of their enterprise to become billionaires.
Making America great again, one IPO at a time.