how will compressing the income gap help anybody? How is "equality" beneficial?
Yellen's job puzzle: Why are 20-somethings retiring?
- Thread starter gwb-trading
- Start date
I still don't understand what "retirement" means in the context of this article. It stated the 20-somethings to be retired, but retired from WHAT? In my eyes, this is just one more useless government stat using retarded logic.
it won't really help anyone, but the perception that it will is what's important
my guess is that your criticism of uber is because you have skin in that business, directly or indirectly.
nyc has created a sanctioned government monopoly for the taxi industry by limiting the number of taxis on the street. medallions which cost $10 in 1937 went for a million dollars in recent years because the government restricted the number of taxis on the behest of the industry. those regulation then became the law, who benefited. it certainly was not the public with dirty cabs and high fares enforced by law. in nyc less then 10% of these cabs are owned by blacks. in washington dc with no barriers to entry 90% are owned by blacks. as to self driving cars you criticize uber for something that may never happen or you conveniently forget most yellow government sanctioned cabs in nyc are leased out to independent drivers. if self driving should come the owners of these cabs will dump the independent as quickly as possible. of course with their political weight(bribes) the cab owners might get a law passed to ban self driving cars.
progress is not in your vocabulary. you should have been a spokesman for the horse and buggy carriage trade.
the next thing you will post is that you believe in free markets.
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ok, that was fun. I like your material, but you need to work a little on your sarcasim.
I didn't actually intend to go anywhere with my Uber example except to outline that even people who try to work, the guys driving for Uber, will one day be replaced. So working people will suffer, and the stock holders will benefit. There will actually be less cars sold when driver-less cars are shared, so even the big auto makers will suffer. What this leads to is even less work for working people, and even more money for the guys at the top.
But I do fully agree that progress cannot be stopped. I just think that Uber really is bypassing laws in order to get into the market. I don't understand why we need restrictions on the number of cabs that can operate in the first place, and why there need to very expensive licenses. If a company wants to try and enter a market with a different way of doing business, then why not? But they should play by the rules. If the rules are you need a taxi licence, that is the rule. If the taxi guys have extra training and more insurance, then others should have to qualify in this regard as well.
I have absolutely no skin in the game and haven't used a cab in years, nor ever taken an Uber ride.
Oh.. and before I forget... the best line of all!
I do believe in the idea of free markets, but as I'm sure you can tell based on what I'm posting, they are hardly free. A free market would be that when you make bad loans, you suffer. But nothing about this market is anywhere close to what a free market should be, but hey, you gotta work with what you got.
Uber is simply bypassing the regulations that have always protected cabs from competition (and bad eggs.) The laws and regulations are sold as being good for the consumer but end up only being good for the monopoly.
Now my friend, IF you allowed cabs to run free like Uber, then you might see some competition.
I agree with that, but either Uber needs to be kicked out, since they are breaking rules, no matter how shady those rules are, or the rules need to be abolished at the government level. But as it is now, its another case of "different strokes for different folks".
you can be sure that no old laws will be abolished, but new laws will be written to crush Uber. In twenty years who knows how much you will have to pay for an Uber Medallion?