Why The Game of Business Needs to Change Its Rules
Tim O'Reilly
42140

A lot of the information presented in this article is false. The minimum wage kills jobs. Almost every economist agrees on that point. Last time the minimum wage was raised in the United States unemployment went up except in states that had already set a state minimum wage above the new federal minimum wage. Uber’s supply and demand algorithm is the most optimal. Your proposal to pay more to drivers in order to keep retention high is identical to the outdated cab model that Uber just replaced. Economics is a hard science involving advanced mathematics and even some immutable laws. The recent efforts to change economics to a soft science is less about advancing knowledge and more about getting rid of the obstacle economics is to further government regulation.