Yeah nothing can go wrong with owing money to your "employer"
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Uber's next business idea: Lending money to drivers.....owe my soul to the company store
- Thread starter Slayven
- Start date
Yeah nothing can go wrong with owing money to your "employer"
Some people say a man is made outta mud
A poor man's made outta muscle and blood
Muscle and blood and skin and bones
A mind that's a-weak and a back that's strong
You load sixteen tons, what do you get?
Another day older and deeper in debt
Saint Peter don't you call me 'cause I can't go
I owe my soul to the company store
A poor man's made outta muscle and blood
Muscle and blood and skin and bones
A mind that's a-weak and a back that's strong
You load sixteen tons, what do you get?
Another day older and deeper in debt
Saint Peter don't you call me 'cause I can't go
I owe my soul to the company store
This isn't a uniquely Uber thing. I've seen this popping up at many companies including my own. I don't know why you guys are acting like it's Uber being uniquely evil.
I'm just curious who would take them up on it.
Most of the Uber drivers I know in my area either already make enough off of it to live comfortable or are using it for extra cash on the side while working their main job.
I feel like this would only be used by Uber drivers in high-cost cities.
Most of the Uber drivers I know in my area either already make enough off of it to live comfortable or are using it for extra cash on the side while working their main job.
I feel like this would only be used by Uber drivers in high-cost cities.
This response absolves them of nothing. Uber is a predatory corporation that takes advantage of broken employment law.
Fuck, noooooooooooo, this is so bad!
I bet this shit is because a ton of companies can see the writing on the wall, due to current bullshit reducing economic certainty, and they want to get in on doing loans as early as possible so they can own their workforce when the recession really hits.
This shit is disgusting on a completely rediculous level, and it saddens me that in the face of adversity, so many rich and powerful people are adopting bullshit that went out of style half to a full century ago.
I weep for the poor people who are gonna be coerced into getting Uber loans to keep their place of residence, only to be now stuck in a dead end low paying garbage ferry for the rest of their natural lives. Because that's the end-goal Uber's shooting for, if they can keep their workforce both low payed and consistently on duty, without the possibility of secondary jobs.
Hey guys, don't call out this incredibly shitty behavior because there are other people being incredibly shitty too.
What?
Feels good man
More lenders for small loans means more competitive rates.
Just add some regulation if necessary.
Hey, bro. Um, do you mind if I turn up the A/C?Oh look my Uber driver's here
They've already been doing this with their car lease program right?
In that, the loan is repaid first from any money a driver makes. I am guessing they will do something similar here.
In that, the loan is repaid first from any money a driver makes. I am guessing they will do something similar here.
OP
OP
"Car was on fire. No A/C. 2/5 stars"
If this is your touchstone... damn guy. Read more than one book per year.
How so? You get a loan, you have to pay it back. What's different here? It's not like they are obligated to pay the loan by working for them.
It's not a bad idea to help out drivers who have sudden and unexpected car repair expenditures that could otherwise completely ruin their earning potential. Consider that no bank is going to loan them money for repairs, and putting it on a credit card will probably come with some insane APR.
But at the same time any loan needs to be completely interest-free with generous repayment terms. And they probably shouldn't exceed more than a couple thousand dollars.
But at the same time any loan needs to be completely interest-free with generous repayment terms. And they probably shouldn't exceed more than a couple thousand dollars.
this will be predatory as fuck taking advantage of poor people who don't understand finance that well
Can you post the quote that demonstrates your point? I see nothing here but some stuff about another company.
Facebook, google, and amazon are all looking to build miniature cities where they run everything you interact with including the local police.
Uber are gonna get in to payday loans.
The future is looking a little bit less like the awesome sci-fi we dreamed of and more like a fucked up version of our past but without the means for any kind of meaningful pushback because technology now allows a select few to control a great many with ease.
Uber are gonna get in to payday loans.
The future is looking a little bit less like the awesome sci-fi we dreamed of and more like a fucked up version of our past but without the means for any kind of meaningful pushback because technology now allows a select few to control a great many with ease.
Inflexible payment schedule for the driver.
Unpredictable payouts from Uber.
There's all downside for the driver, who may up having to take from their day job's paycheck just to cover their Uber loans. It's garbage piled onto the already bad deal that is being an Uber driver.
I make great money driving for Uber. If these loans were low interest, and not loan shark rates, I don't see the problem. Some of the companies I worked for in the past would pay people's salaries up front if they needed it on a one-off basis.
