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I kind of blame the drivers for their bad situation... and now they are getting the courts to say they are real employees? They didn't want a real job to begin with. They want to set own hours and be an "entrepreneur" without actually starting their own company.
next they'll be wanting "tips" too? I'll "hire" them but if the app says it is $X then I'll pay that and that alone.
cant wait to see how the drivers react to being audited for profits/taxes... I'm not entirely sure many drivers are keeping detailed accounts/receipts of business profits/expenses.
edit: can drivers even be "LLCs" on themselves? Does uber contract llcs or the drivers directly? If Uber was ever sued, and you are the "hired" contract, they could pass a lot of it onto drivers...
Well, the issues I've been hearing aren't so much the 1099 itself, but how Uber employees get classified as "contractors", which would be fine, but it turns out Uber isn't so flexible about letting them run their own hours anyways.
When a taxi medallion in NYC is going for 1 million bucks now, well, they've priced themselves out (and note ad for Uber at the top of the page! Oh, the gall)
Uber sounds like a pretty good option...I clicked on that link to the ad and it says
"MAKE GREAT MONEY.
Start driving with Uber by October 10th and we guarantee you can make $20,000 in net fares in just three months. That's $20,000 net, by the end of December. Terms and conditions available at t.uber.com/guarantee"
Now tell me why again people feel like Uber drivers are being abused and underpaid?
It accelerated a shift from W2 employment to 1099. 1099 employment has all the cons of self employment (unlimited liability, cruel double taxation, unpredictable pay, and quarterly tax payments) without any of the pros of working for an employer (benefits, better tax rate, eligibility for unemployment, etc.)
1099s work every day in fear of not making as much as yesterday, saving enough to meet their exorbitant tax rates, and the possibility of getting kicked off the platform for no reason.
I hope uber, lyft, doordash, fluc, taskrabbit, and all the other overvalued "gig economy" companies go out of business and their owners go into poverty.
I've heard them advertise on the radio. They try to make it sound so great. My only thoughts are... if an employer has to advertise, the job's probably not worth it! So many jobs are just scams.
Uber sounds like a pretty good option...I clicked on that link to the ad and it says
"MAKE GREAT MONEY.
Start driving with Uber by October 10th and we guarantee you can make $20,000 in net fares in just three months. That's $20,000 net, by the end of December. Terms and conditions available at t.uber.com/guarantee"
Now tell me why again people feel like Uber drivers are being abused and underpaid?
It accelerated a shift from W2 employment to 1099. 1099 employment has all the cons of self employment (unlimited liability, cruel double taxation, unpredictable pay, and quarterly tax payments) without any of the pros of working for an employer (benefits, better tax rate, eligibility for unemployment, etc.)
1099s work every day in fear of not making as much as yesterday, saving enough to meet their exorbitant tax rates, and the possibility of getting kicked off the platform for no reason.
I hope uber, lyft, doordash, fluc, taskrabbit, and all the other overvalued "gig economy" companies go out of business and their owners go into poverty.
The tax rate should be the same. The indy contractor has to pay both halves of the FICA tax. Nominally the employee pays only half (6.2%) but in reality all 12.4% is coming out of the worker's pocket, whether contractor or employee, according to the CBO. //www.city-data.com/forum/polit...ight-hand.html
As an employee you are eligible for unemployment insurance, but on the other hand you are required to pay into it, whereas the contractor is not. For the person who never gets laid off and never collects UI, that is a bad deal. They are subsidizing the seasonal industries like construction where workers go on unemployment as a routine practice. They would be better off as contractors. They could keep that money that they earned instead of paying for a construction worker's winter hiatus.
The World is changing, has changed, and will continue to change in the same way the nature and style of employment is changing.
Adapt or starve.
Yes, the World is changing and we are closer to WW3 and a Civil War in America.
Inflation rewards 1%, the SPECULATIVE CLASS and Deflation rewards the 99% ordinary Americans who are able to save money with higher interest rates. Speculative class suffers during deflation. That is the way it supposed to work. The gap between the rich and poor grows during Inflation Season and closes again during Deflation Season.
The FED HATES DEFLATION and even considers saving to be destructive of the economy. Thats's why they came up with GDP ( false gauge that needs to be junked) that only measures spending and considers spendings (even debt spending) healthy.
Only an IDIOT GOVERNMENT punishes its citizens for saving. Think about this, our Government doesn't want us to save. Makes you think who are they working for?
Let see how all of you never ending inflation supporters adapt when the $hit hits the fan here in America unless we raise interest rates and allow majority of Americans to recover.
The game is rigged and it's getting obvious to more and more people out there.
Psh, who needs job security or benefits? Being on welfare or disabled is the new trend!
Good luck finding a decent job with benefits in America today. Majority of JOBS created since 2008 are low paying service jobs. Many Americans had no choice but to apply for Food Stamps and other social programs just so they can keep up with housing costs, rents are sky rocketing across America, home prices have been inflated again, food cost is up, education and healthcare cost.
We have record number of Americans on Food Stamps. What a great recovery this is. Something to be proud off, right?
You know what Du Pont, the guillotines are being sharpened in many places. The Fed has a lot to think about.
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