New York Acting Supreme Court Justice Nicholas Moyne rejected a bid by Uber, DoorDash and Grubhub to block a bill requiring a minimum wage for app-based delivery workers.
This is the real answer. If your business relies of billions in VC money every year to stay afloat, then you don’t have a sustainable business and probably shouldn’t keep doing what you’re doing. Last time I checked Uber eats has a negative margin on every order…
If your business relies of billions in VC money every year to stay afloat, then you don’t have a sustainable business and probably shouldn’t keep doing what you’re doing.
This right here. We need to see unprofitable “disruptors” close before they wreck existing systems and drive up the cost of living and/or drive down the quality of life for everyone. How many previously profitable businesses who provided decent jobs closed because they couldn’t complete with Amazon while Amazon wasn’t even technically making a profit? How much of the current housing crisis is driven by AirBNB and such? They drove up housing prices in the name of cheap weekend rentals and now the weekend rentals aren’t even cheap anymore.
There used to be lots of delivery models that were profitable while paying people fairly. Door dash and others just convinced us all to cut each other’s throats for a brief window of savings.