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New York Makes Uber and Lyft Pay a $17.22 an Hour Minimum Plus Expenses to Their Drivers
Fortune magazine ^ | December 4, 2018 | GLENN FLEISHMAN

Posted on 12/05/2018 9:39:12 AM PST by lowbridge

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To: HamiltonJay

I think you should ping everybody you know with that information.

I’m serious.

Those numbers are frightening.


21 posted on 12/05/2018 10:16:25 AM PST by Maris Crane
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To: Maris Crane

Look on the bright side. They do not have to have a license nor speak english.


22 posted on 12/05/2018 10:19:27 AM PST by oldasrocks (rump)
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To: oldasrocks

LOL...THAT’s the bright side.

Yikes.


23 posted on 12/05/2018 10:20:45 AM PST by Maris Crane
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To: Buckeye McFrog

Eventually autonomous vehicles will exist, but the fact the industry is trying to sell and push this tech, in the state it is today is downright CRIMINAL.

There aren’t even semi-automous trucks licensed to drive on our Interstates, which is a FAR simply problem... all traffic travels in the same direction, no cross traffic, signals, etc.... Yet they are trying to sell fully autonomous vehicles for CITY driving is downright INSANE.

There are THOUSANDS upon THOUSANDS of known cases they have NO IDEA how to solve yet with autonomous vehicles. These vehicles have NO business on public streets...

Uber will be BK long before autonomous vehicles are certified en masse... and if they are certified en masse before then it will be because someone spend a fortune buying votes...

Not only is UBER not likely to survive until autonomous vehicles, but cities are going to start making them live more and more within the frameworks that exist for other public transportation services, which means their expenses will keep going up, AND most folks are figuring out that driving for UBER doesn’t pay enough to be worth the hassle. So attracting and retaining drivers will continue to cost more and more.


24 posted on 12/05/2018 10:21:30 AM PST by HamiltonJay
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To: lowbridge

Still not a fan of the Gov telling private businesses how much they can pay their employees.


25 posted on 12/05/2018 10:23:21 AM PST by rjsimmon (The Tree of Liberty Thirsts)
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To: Maris Crane

Its public information, in terms of their revenues.

https://www.bloomberg.com/news/articles/2018-11-14/uber-revenue-slows-as-quarterly-loss-surges-to-1-1-billion

And more than a few researchers and engineers have publicly admitted they are nowhere near solving the autonomous driving problem..

But enthusiasm is greater than fear.. because when it is finally here it will be a game changer... but its NOWHERE near the ability to be on city streets.


26 posted on 12/05/2018 10:23:32 AM PST by HamiltonJay
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To: lowbridge

I assume this will lead to less Uber/Lyft vehicles in NYC which will lead to increased wait times, increased fares, and therefor decrease in use and further decrease in drivers.


27 posted on 12/05/2018 10:29:15 AM PST by thefactor (yes, as a matter of fact, i DID only read the excerpt)
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To: lowbridge

I wonder if it’s constitutional.


28 posted on 12/05/2018 10:29:23 AM PST by cuban leaf
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To: pepsi_junkie

For me, it’s all about avoiding the city. I know not everyone can do that, but still...


29 posted on 12/05/2018 10:30:34 AM PST by cuban leaf
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To: Maris Crane

The reality is autonomous driving is an 80-10 or 90-10 problem....

80-90% of the effort to solve it, will be in the last 10-20%....

Autonomous driving has been in the works in research for at least 2-3 decades now... and its gotten to the 80th percentile mark in terms of being solved....

The problem, as I stated above is that 80-90% of the actual work to fully solve the problem will be in that final 10-20%.... We are DECADES away from solving it.... and those selling it as a ready for prime time are LYING... flat out LYING to the investors, the public and government officials..


30 posted on 12/05/2018 10:30:40 AM PST by HamiltonJay
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To: Moonman62

I wonder if this will boost the prices of taxi medallions.
///////////////////

Ask Michael Cohen. He’s got some he might sell you ;)


31 posted on 12/05/2018 10:32:06 AM PST by photodawg
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To: lowbridge

The government does not have the right to force anyone to pay a certain amount, or a minimum, or a maximum in a transaction. It has usurped that power, to which it has no right.


32 posted on 12/05/2018 10:52:39 AM PST by I want the USA back (There are two sexes: male (pronoun HE), and female (pronoun SHE). Denial of this is insanity.)
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NYC


33 posted on 12/05/2018 10:58:25 AM PST by Gene Eric (Don't be a statist!)
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To: lowbridge
Every time I take Uber locally to/from the airport and around the country I find that the drivers are new, typically just weeks into working. My impression is that they have incredibly high turnover--low salary, big wear and tear on car, higher insurance costs to use car for work or business, etc.

Making Uber pay minimum wage, making Uber pay expenses is good. The alternative is letting them ethically abuse potentially desperate workers (because they can). I'm definitely not big on regulation but I think this is an area that government can make sure the playing field is fair.

34 posted on 12/05/2018 11:00:34 AM PST by Reno89519 (No Amnesty! No Catch-and-Release! Just Say No to All Illegal Aliens! Arrest & Deport!y)
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To: wally_bert

Plus expenses.


35 posted on 12/05/2018 11:01:50 AM PST by carton253 (Jesus is everything.)
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To: AnotherUnixGeek

exactly my thought. TLC is always backing taxi owners who pay $$$$ for medallions. don’t use wages to address traffic issues.


36 posted on 12/05/2018 11:22:50 AM PST by KingofZion
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To: carton253

Rockford had some biggies.


37 posted on 12/05/2018 12:00:10 PM PST by wally_bert (I will competently make sure the thing is done incompetently.)
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To: HamiltonJay
There is absolutely NO PATH to profitability without autonomous vehicles, and the reality about those...

That's been the business plan all along. The stated goal by Uber co-founder Travis Kalanick has been to "get the driver out of the car" which is why Uber is so aggressively pursuing self-driving cars. They are hoping to survive losses in the meantime while they get their business to scale (which was Amazon's early strategy).

For the first 15 years of Amazon's existence, we all predicted their downfall but it never happened. Their revenues continued to fund growth and it was only much later they had the scale and efficiency to get to a profit (with a major assist from their cloud business).

The Uber/Lyft business model only makes sense when the driver is out of the car.

38 posted on 12/05/2018 12:09:34 PM PST by SamAdams76
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To: lowbridge

They’re not employed, they’re contractors.


39 posted on 12/05/2018 12:54:36 PM PST by DownInFlames (Galsd)
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To: lowbridge

Laws like this will assure New York is gets the earliest possible deployment of driverless cars.


40 posted on 12/05/2018 12:56:48 PM PST by Sgt_Schultze (When your business model depends on slave labor, you're always going to need more slaves.)
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