Joined: 28 Dec 2005
|Posted: Sun Mar 27, 2016 8:03 pm Post subject: Costs of Real Jobs - Uber
Ah, yes, the wonderful new world of the “sharing” economy in which laborers have no social security or medicare tax sharing, no health insurance, no retirement benefits, no 401(k) matching, no holiday pay, no vacation pay, no sick pay, no family leave, no unemployment insurance, no disability insurance, no union protection, no minimum wage.
Uber drivers carry all of the financial risk and Uber itself has none. Uber can only exist in an economy in which there is a shortage of real jobs with real benefits and the Fed is doing its best to make that happen.
This isn’t a bright new future of “sharing”. JDH seems delighted to take us backwards to the 19th century where he can enjoy cheap services from cheap labor.
You listed some of the reasons why creating a “real job” is so expensive.
Some drivers and customers prefer Uber. Why take that choice away from them?
And, the Fed printing money doesn’t reduce the real costs of jobs.