A Grand Unified Theory of Bad New Economy Firms
The wildly successful internet economy firms mostly operate by evading laws. New technology which has allowed firms to move their business to less-regulated jurisdictions and a generation of deregulation and favorable court decisions have allowed these firms to be bad places to work and bad places to do business with. Here’s a catalog of some of their abuses: Evasion of local laws through national operations . Amazon notoriously picks jurisdictions with lax labor laws for its warehouses. Uber simply ignores local laws until penalized. When penalized, they initiate political campaigns to get the laws overridden at the state level. Extortionate business practices . Doordash infamously underpays its workers. Grubhub notoriously overcharges restaurants . Uber has the resurrected long-illegal practice of raising taxi rates when demand is highest. Monopolistic practices . Enforcement in this ...