Ride Share Workers Leave Investors Stranded as Uber IPO Looms
The timing of the strike couldn’t have been more poignant.
There is a disturbing duality to companies such as Uber and Lyft.
On one hand, these corporations allow people to work as much or as little as they’d like, and really earn what they receive. The issue, however, is the pyramid-scheme at the heart of it.
You see, Uber drivers are beating the ever-loving hell out of their personal vehicles in order to make a whole bunch of money for a middle man. That middle man, Uber itself, is nothing more than a server farm and IT technicians making sure that they can still charge someone to get in your car and go somewhere.
What the drivers make for the trip is only a tiny fraction of what Uber reaps, and the company’s bread and butter, these drivers, are making their voices heard as the fat cats at the top prepare to go public.
Uber drivers in London and New York started a day of strikes on Wednesday to protest the disparity between gig-economy conditions and the sums that investors are likely to make in Friday’s blockbuster stock market debut.
Drivers and regulators around the world have long criticized the business tactics of Uber Technologies Inc, and the expected $90 billion valuation in its initial public offering on Friday is proving to be the latest flashpoint.
The drivers have customers as allies as well.
Unions in Britain said support for the strike was strong, with drivers staying at home and passengers using the #UberShutDown hashtag to pledge solidarity on social media. The Uber app indicated fares were higher in London during a rainy morning rush hour due to increased demand.
Hopes are that this protest will shed a wider light on the plight of ride-share workers, and expose these middle men as nothing more than proponents of some modern serfdom based on wealth and your ability to keep it.
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