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383 points imartin2k | 1 comments | | HN request time: 0.203s | source
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arekkas ◴[] No.14330355[source]
Time and time again, Uber has shown that undercutting their competitors in pricing is not done through smart technology or better business models, but by avoiding regulations and getting away with inhumane wages.
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branchless ◴[] No.14330498[source]
So we need a minimum wage? Or "capitalism will self-regulate"?

Isn't this just yet another example that our system is a total failure that requires constant tweaking / intervention?

Imagine someone here writing a post about a program to perform a mathematical operation. It gives the wrong answer. It takes ages to run also. But if you attach gdb, set a breakpoint and increment the necessary variables you can get the right answer.

They'd be laughed out of town.

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kwhitefoot ◴[] No.14330579[source]
We need to side step the need for wage regulation by giving the employees the ability to negotiate wages. This can be done with a universal basic income. We should also reform the tax systems to ensure that the tax plus social security system is smoothly and monotonically progressive to avoid the problem that increasing your gross income can reduce your net income as often happens in the UK.
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1. branchless ◴[] No.14333299[source]
Yes I agree, that is a systemic change instead of a fudge. I'd only want UBI if it's funded by LVT though as otherwise rent will simply absorb UBI funnelling yet more money to landlords and banks.

I'd get rid of income tax and replace with land value tax. Perhaps something at the extreme upper (> 200k) end but mostly I'd make rentiers pay.