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pages: 343 words: 91,080

Uberland: How Algorithms Are Rewriting the Rules of Work by Alex Rosenblat

"Susan Fowler" uber, Affordable Care Act / Obamacare, Airbnb, algorithmic management, Amazon Mechanical Turk, autonomous vehicles, barriers to entry, basic income, big-box store, bike sharing, Black Lives Matter, business logic, call centre, cashless society, Cass Sunstein, choice architecture, cognitive load, collaborative economy, collective bargaining, creative destruction, crowdsourcing, data science, death from overwork, digital divide, disinformation, disruptive innovation, don't be evil, Donald Trump, driverless car, emotional labour, en.wikipedia.org, fake news, future of work, gender pay gap, gig economy, Google Chrome, Greyball, income inequality, independent contractor, information asymmetry, information security, Jaron Lanier, Jessica Bruder, job automation, job satisfaction, Lyft, marginal employment, Mark Zuckerberg, move fast and break things, Network effects, new economy, obamacare, performance metric, Peter Thiel, price discrimination, proprietary trading, Ralph Waldo Emerson, regulatory arbitrage, ride hailing / ride sharing, Salesforce, self-driving car, sharing economy, side hustle, Silicon Valley, Silicon Valley ideology, Skype, social software, SoftBank, stealth mode startup, Steve Jobs, strikebreaker, TaskRabbit, technological determinism, Tim Cook: Apple, transportation-network company, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, union organizing, universal basic income, urban planning, Wolfgang Streeck, work culture , workplace surveillance , Yochai Benkler, Zipcar

Wells, Attoh, and Cullen, “The Work Lives of Uber Drivers.” 42. Alex Rosenblat, “How Uber’s Alliance with Montréal Drivers Turns Labo[u]r’s Tactics On Its Head,” Uber Screeds, August 4, 2016, https://medium.com/uber-screeds/how-ubers-alliance-with-montr%C3%A9al-drivers-turns-labo-u-r-s-tactics-on-its-head-af490b252dae. 43. Alex Rosenblat, “Is Your Uber/Lyft Driver in Stealth Mode?” Uber Screeds, July 19, 2016, https://medium.com/uber-screeds/is-your-uber-driver-in-hiding-484696894139. 44. Mike Isaac, “Uber’s C.E.O. Plays with Fire,” New York Times, April 23, 2017, www.nytimes.com/2017/04/23/technology/travis-kalanick-pushes-uber-and-himself-to-the-precipice.html; Ali Griswold, “Oversharing: Waymo Hits Uber Where It Hurts, Instacart Talks Cash-Flow, and Airbnb Dorm Rooms,” Quartz, April 25, 2017. 45.

APPENDIX TWO RIDEHAILING BEYOND UBER Meet Lyft, the Younger Twin Uber may be the dominant player on the ridehail stage, but many Uber drivers work simultaneously for Lyft and other competitors. Lyft was founded in 2012 in the United States: by 2017, it had become available in forty states.1 Lyft achieved an $11 billion valuation by the fall of 2017.2 Recode reported that Second Measure, a research firm that tracks credit card purchases, determined that Lyft had 23.4 percent of the ridehail market share in the United States and Uber had 74.3 percent.3 The corporate practices of Uber and Lyft in managing drivers aren’t identical, but their similarities vastly outnumber their differences.

San Francisco County Transportation Authority, “TNCs Today: A Profile of San Francisco Transportation Network Company Activity,” June 2017, www.sfcta.org/sites/default/files/content/Planning/TNCs/TNCs_Today_112917.pdf. 5. Jessica, “New Survey: Drivers Choose Uber for Its Flexibility and Convenience,” Uber Newsroom, December 7, 2015, https://newsroom.uber.com/driver-partner-survey/. 6. Lyft, “Explore,” February 14, 2018, www.lyft.com/. 7. Uber, “Get there,” February 14, 2018, www.uber.com/. 8. Harry Campbell, “2018 Uber and Lyft Driver Survey Results—The Rideshare Guy,” February 26, 2018, The Rideshare Guy, https://therideshareguy.com/2018-uber-and-lyft-driver-survey-results-the-rideshare-guy/. Index Aasim (driver), 153–54 Abbott, Greg, 176 Abraham (driver), 124–25 acceptance of rides.


pages: 265 words: 69,310

What's Yours Is Mine: Against the Sharing Economy by Tom Slee

4chan, Airbnb, Amazon Mechanical Turk, asset-backed security, barriers to entry, Benchmark Capital, benefit corporation, Berlin Wall, big-box store, bike sharing, bitcoin, blockchain, Californian Ideology, citizen journalism, collaborative consumption, commons-based peer production, congestion charging, Credit Default Swap, crowdsourcing, data acquisition, data science, David Brooks, democratizing finance, do well by doing good, don't be evil, Dr. Strangelove, emotional labour, Evgeny Morozov, gentrification, gig economy, Hacker Ethic, impact investing, income inequality, independent contractor, informal economy, invisible hand, Jacob Appelbaum, Jane Jacobs, Jeff Bezos, John Zimmer (Lyft cofounder), Kevin Roose, Khan Academy, Kibera, Kickstarter, license plate recognition, Lyft, machine readable, Marc Andreessen, Mark Zuckerberg, Max Levchin, move fast and break things, natural language processing, Netflix Prize, Network effects, new economy, Occupy movement, openstreetmap, Paul Graham, peer-to-peer, peer-to-peer lending, Peter Thiel, pre–internet, principal–agent problem, profit motive, race to the bottom, Ray Kurzweil, recommendation engine, rent control, ride hailing / ride sharing, sharing economy, Silicon Valley, Snapchat, software is eating the world, South of Market, San Francisco, TaskRabbit, TED Talk, the Cathedral and the Bazaar, the long tail, The Nature of the Firm, Thomas L Friedman, transportation-network company, Travis Kalanick, Tyler Cowen, Uber and Lyft, Uber for X, uber lyft, ultimatum game, urban planning, WeWork, WikiLeaks, winner-take-all economy, Y Combinator, Yochai Benkler, Zipcar

The report has frequently been referred to as a “paper,” but given that it was paid for by Uber and was not subjected to any external review the word “report” is more accurate. 55 For example, Ellen Huet at Forbes, Jacob Davidson at Time, Andrea Peterson at the Washington Post. 56 Peterson, “The Missing Data Point from Uber’s Driver Analysis.” 57 Baker, “Ubernomics.” 58 Guendelsberger, “Infographic.” 59 Booth, “Uber Whistleblower Exposes Breach in Driver-Approval Process.” 60 Biddle, “Uber Driver.” 61 Skinner, “California Prosecutors Say Uber’s Background Checks Missed Convicts.” 62 Said, “As Uber, Lyft, Sidecar Grow, so Do Concerns of Disabled.” 63 Wieczner, “Why the Disabled Are Suing Uber and Lyft.” 64 Trautman, “Will Uber Serve Customers With Disabilities?” 65 Strochlic, “Uber.” 66 Redmond, “Does Airbnb Have an ADA Problem?” 67 Peterson, “Uber Does Not Care about Racism, It Cares about Money.” 68 Wilonsky, “On the Same Day Dallas Task Force Begins Debating Car-for-Hire Rules, Cab Industry Sues Chicago over Uber, Lyft”; Peck, “Uber’s New Delivery Service Only Caters To D.C.’s White Neighborhoods.” 69 Hall and Krueger, “An Analysis of the Labor Market for Uber’s Driver-Partners in the United States.” 70 Edelman and Luca, Digital Discrimination: The Case of Airbnb.com. 71 Todisco, “Share and Share Alike?”

8 Schor, “Debating the Sharing Economy.” 9 Gannes, “Zimride Turns Regular Cars Into Taxis With New Ride-Sharing App, Lyft.” 10 Gustin, “Lyft-Off: Car-Sharing Start-Up Raises $60 Million Led by Andreessen Horowitz.” 11 Ibid. 12 Gannes, “Zimride Turns Regular Cars Into Taxis With New Ride-­Sharing App, Lyft.” 13 Gannes, “Lyft Sells Zimride Carpool Service to Rental-Car Giant Enterprise.” 14 Gannes, “Competition Brings Lyft, Sidecar and Uber Closer to Cloning Each Other.” 15 Lawler, “A Look Inside Lyft’s Financial Forecast For 2015 And Beyond.” 16 D’Onfro, “Uber CEO Founded The Company Because He Wanted To Be A ‘Baller In San Francisco.’” 17 Meelen and Frenken, “Stop Saying Uber Is Part Of The Sharing ­Economy.” 18 Scola, “The Black Car Company That People Love to Hate.” 19 Kalanick, “Uber Policy White Paper 1.0.” 20 Hall and Krueger, “An Analysis of the Labor Market for Uber’s Driver-Partners in the United States.” 21 Geron, “California Becomes First State To Regulate Ridesharing Services Lyft, Sidecar, UberX.” 22 Ferguson, “Recent Transportation Network Company Ordinances.” 23 California Public Utilities Commission, “Transportation Network Companies.” 24 Hirsch, “Taxi Trouble.” 25 Watters, “The MOOC Revolution That Wasn’t.” 26 Trafford, “Is John Tory Facing an Uber Battle at City Hall?”

“Competition Brings Lyft, Sidecar and Uber Closer to Cloning Each Other.” AllThingsD. Accessed May 22, 2015. http://allthingsd.com/20131116/competition-brings-lyft-sidecar-and-uber-closer-to-cloning-each-other-and-cabs/. ———. “Lyft Sells Zimride Carpool Service to Rental-Car Giant Enterprise.” AllThingsD, July 12, 2013. http://allthingsd.com/20130712/lyft-sells-zimride-carpool-service-to-rental-car-giant-enterprise/. ———. “Zimride Turns Regular Cars Into Taxis With New Ride-Sharing App, Lyft,” May 22, 2012. http://allthingsd.com/20120522/zimride-turns-regular-cars-into-taxis-with-new-ride-sharing-app-lyft/. Gans, Joshua.


pages: 373 words: 112,822

The Upstarts: How Uber, Airbnb, and the Killer Companies of the New Silicon Valley Are Changing the World by Brad Stone

Affordable Care Act / Obamacare, Airbnb, Amazon Web Services, Andy Kessler, autonomous vehicles, Ben Horowitz, Benchmark Capital, Boris Johnson, Burning Man, call centre, Chuck Templeton: OpenTable:, collaborative consumption, data science, Didi Chuxing, Dr. Strangelove, driverless car, East Village, fake it until you make it, fixed income, gentrification, Google X / Alphabet X, growth hacking, Hacker News, hockey-stick growth, housing crisis, inflight wifi, Jeff Bezos, John Zimmer (Lyft cofounder), Justin.tv, Kickstarter, Lyft, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Menlo Park, Mitch Kapor, Necker cube, obamacare, PalmPilot, Paul Graham, peer-to-peer, Peter Thiel, power law, race to the bottom, rent control, ride hailing / ride sharing, Ruby on Rails, San Francisco homelessness, Sand Hill Road, self-driving car, semantic web, sharing economy, side project, Silicon Valley, Silicon Valley startup, Skype, SoftBank, South of Market, San Francisco, Startup school, Steve Jobs, TaskRabbit, tech bro, TechCrunch disrupt, Tony Hsieh, transportation-network company, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, ubercab, Y Combinator, Y2K, Zipcar

Shutdowns for SideCar, RelayRides Highlight Hurdles for Car- and Ride-Sharing Startups,” Wall Street Journal, May 15, 2013, http://blogs.wsj.com/venturecapital/2013/05/15/n-y-shutdowns-for-sidecar-relayrides-highlight-hurdles-for-car-and-ride-sharing-startups/. 25. “Lyft Will Launch in Brooklyn & Queens,” Lyft Blog, July 8, 2014, https://blog.lyft.com/posts/2014/7/8/lyft-launches-in-new-yorks-outer-boroughs. 26. Brady Dale, “Lyft Launch Party with Q-Tip, Without Actually Launching,” Technical.ly Brooklyn, July 14, 2014, http://technical.ly/brooklyn/2014/07/14/lyft-brooklyn-launches/. 27. “Lyft Launches in NYC,” Lyft Blog, July 25, 2014, https://blog.lyft.com/posts/2014/7/25/lyft-launches-in-nyc. 28. Casey Newton, “This Is Uber’s Playbook for Sabotaging Lyft,” Verge, August 26, 2014, http://www.theverge.com/2014/8/26/6067663/this-is-ubers-playbook-for-sabotaging-lyft. 29.

“Family of 6-Year-Old Girl Killed by Uber Driver Settles Lawsuit,” ABC7 News, July 14, 2015, http://abc7news.com/business/family-of-6-year-old-girl-killed-by-uber-driver-settles-lawsuit/852108/. 18. “Uber’s Marketing Program to Recruit Drivers: Operation SLOG,” Uber, August 26, 2014, https://newsroom.uber.com/ubers-marketing-program-to-recruit-drivers-operation-slog/. 19. Laurie Segall, “Uber Rival Accuses Car Service of Dirty Tactics,” CNN Money, January 24, 2014, http://money.cnn.com/2014/01/24/technology/social/uber-gett/. 20. Mickey Rapkin, “Uber Cab Confessions,” GQ, February 27, 2014, http://www.gq.com/story/uber-cab-confessions. 21. Ryan Lawler, “Lyft Launches in 24 New Markets, Cuts Fares by Another 10%,” TechCrunch, April 24, 2014, https://techcrunch.com/2014/04/24/lyft-24-new-cities/. 22.

retorted Kalanick, who later couldn’t recall whether he was joking or if he had been responding to an actual rumor. For a brief period in 2014, Lyft had been ready to throw in the towel, and representatives approached Uber about combining the companies. Kalanick and Emil Michael went to dinner with Lyft president John Zimmer and Andreessen Horowitz partner John O’Farrell to discuss a deal, according to three people who were privy to the conversations. The meal was friendly, despite the heated rivalry. But Lyft’s expectations were high. In exchange for selling Lyft to Uber, Lyft’s backers wanted an 18 percent stake in Uber. Uber offered 8 percent; Kalanick wasn’t a fan of mergers to begin with and wasn’t about to hand over a fifth of his prize.


pages: 444 words: 127,259

Super Pumped: The Battle for Uber by Mike Isaac

"Susan Fowler" uber, "World Economic Forum" Davos, activist fund / activist shareholder / activist investor, Airbnb, Albert Einstein, always be closing, Amazon Web Services, Andy Kessler, autonomous vehicles, Ayatollah Khomeini, barriers to entry, Bay Area Rapid Transit, Benchmark Capital, Big Tech, Burning Man, call centre, Cambridge Analytica, Chris Urmson, Chuck Templeton: OpenTable:, citizen journalism, Clayton Christensen, cloud computing, corporate governance, creative destruction, data science, Didi Chuxing, don't be evil, Donald Trump, driverless car, Elon Musk, end-to-end encryption, fake news, family office, gig economy, Google Glasses, Google X / Alphabet X, Greyball, Hacker News, high net worth, hockey-stick growth, hustle culture, impact investing, information security, Jeff Bezos, John Markoff, John Zimmer (Lyft cofounder), Kevin Roose, Kickstarter, Larry Ellison, lolcat, Lyft, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Masayoshi Son, mass immigration, Menlo Park, Mitch Kapor, money market fund, moral hazard, move fast and break things, Network effects, new economy, off grid, peer-to-peer, pets.com, Richard Florida, ride hailing / ride sharing, Salesforce, Sand Hill Road, self-driving car, selling pickaxes during a gold rush, shareholder value, Shenzhen special economic zone , Sheryl Sandberg, side hustle, side project, Silicon Valley, Silicon Valley startup, skunkworks, Snapchat, SoftBank, software as a service, software is eating the world, South China Sea, South of Market, San Francisco, sovereign wealth fund, special economic zone, Steve Bannon, Steve Jobs, stock buybacks, super pumped, TaskRabbit, tech bro, tech worker, the payments system, Tim Cook: Apple, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, ubercab, union organizing, upwardly mobile, Vision Fund, WeWork, Y Combinator

He’d send his own employees to the events, where they would show up in jet black T-shirts—Uber’s signature color—carrying plates filled with cookies, each with the word “Uber” written in icing. Each Uber employee had a referral code printed on the back of their T-shirt. The codes were for Lyft drivers to enter when they signed up for Uber, earning them a bonus. Even when they weren’t crashing Lyft parties, Uber found ways to mess with Lyft. All around San Francisco, Uber bought street signs and billboards targeting Lyft. Each billboard showed a large, black disposable razor blade with “Uber” printed on the handle, poised above one of Lyft’s pink, cuddly trademark. In the text beside the graphic, Uber made its message clear: “Shave the ’Stache.”

Chapter 13: THE CHARM OFFENSIVE 119 “asshole culture”: Sarah Lacy, “The Horrific Trickle Down of Asshole Culture: Why I’ve Just Deleted Uber from My Phone,” Pando, October 22, 2014, https://pando.com/2014/10/22/the-horrific-trickle-down-of-asshole-culture-at-a-company-like-uber/. 119 a caricature of a “bro”: Mickey Rapkin, “Uber Cab Confessions,” GQ, February 27, 2014, https://www.gq.com/story/uber-cab-confessions?currentPage=1. 119 “face like a fist”: Swisher, “Man and Uber Man.” 120 the impending launch of “Uberpool”: “Announcing Uberpool,” Uber (blog), https://web.archive.org/web/20140816060039/http://blog.uber.com/uberpool. 120 their corporate blog: “Introducing Lyft Line, Your Daily Ride,” Lyft (blog), August 6, 2014, https://blog.lyft.com/posts/introducing-lyft-line. 121 Lacy tweeted: Sarah Lacy (@sarahcuda), “it troubles me that Uber is so OK with lying,” Twitter, August 20, 2014, 7:01 p.m., https://twitter.com/sarahcuda/status/502228907068641280. 121 tone-deaf response: “Statement On New Year’s Eve Accident,” Uber (blog), https://web.archive.org/web/20140103020522/http://blog.uber.com/2014/01/01/statement-on-new-years-eve-accident/. 122 read the headline: Lacy, “The Horrific Trickle Down of Asshole Culture. 122 Kalanick’s obsession with China: Erik Gordon, “Uber’s Didi Deal Dispels Chinese ‘El Dorado’ Myth Once and For All,” The Conversation, http://theconversation.com/ubers-didi-deal-dispels-chinese-el-dorado-myth-once-and-for-all-63624. 124 Most Influential Women in Bay Area Business: American Bar, “Salle Yoo,” https://www.americanbar.org/content/dam/aba/administrative/science_technology/2016/salle_yoo.authcheckdam.pdf. 126 “no fear in Silicon Valley”: Mike Isaac, “Silicon Valley Investor Warns of Bubble at SXSW,” Bits (blog), New York Times, March 15, 2015, https://bits.blogs.nytimes.com/2015/03/15/silicon-valley-investor-says-the-end-is-near/. 127 Manhattan’s Flatiron District: Johana Bhuiyan, “Uber’s Travis Kalanick Takes ‘Charm Offensive’ To New York City,” BuzzFeedNews, November 14, 2014, https://www.buzzfeednews.com/article/johanabhuiyan/ubers-travis-kalanick-takes-charm-offensive-to-new-york-city. 128 hard-hitting news organization: Mike Isaac, “50 Million New Reasons BuzzFeed Wants to Take Its Content Far Beyond Lists,” New York Times, August 10, 2014, https://www.nytimes.com/2014/08/11/technology/a-move-to-go-beyond-lists-for-content-at-buzzfeed.html. 130 “Uber’s dirt-diggers”: Ben Smith, “Uber Executive Suggests Digging Up Dirt On Journalists,” BuzzFeedNews, November 17, 2014, https://www.buzzfeednews.com/article/bensmith/uber-executive-suggests-digging-up-dirt-on-journalists.

Though Sunil Paul’s efforts with Sidecar weren’t taking off, Lyft was gaining traction quickly. People loved the stupid pink mustaches. In theory, regulators were against Lyft’s antics; after all, the company was breaking rules. Uber had been recruiting drivers for some time, but within limits; all of Uber’s drivers were licensed livery vehicle operators registered with local transportation offices. Lyft turned that on its head. The mustachioed startup invited anyone with a car and an ordinary Class C driver’s license to start driving for Lyft. But as one Uber employee competing with Lyft at the time said, “The law isn’t what is written.


pages: 190 words: 62,941

Wild Ride: Inside Uber's Quest for World Domination by Adam Lashinsky

"Susan Fowler" uber, "World Economic Forum" Davos, Airbnb, always be closing, Amazon Web Services, asset light, autonomous vehicles, Ayatollah Khomeini, Benchmark Capital, business process, Chuck Templeton: OpenTable:, cognitive dissonance, corporate governance, DARPA: Urban Challenge, Didi Chuxing, Donald Trump, driverless car, Elon Musk, Erlich Bachman, gig economy, Golden Gate Park, Google X / Alphabet X, hustle culture, independent contractor, information retrieval, Jeff Bezos, John Zimmer (Lyft cofounder), Lyft, Marc Andreessen, Mark Zuckerberg, megacity, Menlo Park, multilevel marketing, new economy, pattern recognition, price mechanism, public intellectual, reality distortion field, ride hailing / ride sharing, Salesforce, San Francisco homelessness, Sand Hill Road, self-driving car, side hustle, Silicon Valley, Silicon Valley billionaire, Silicon Valley startup, Skype, Snapchat, South of Market, San Francisco, sovereign wealth fund, statistical model, Steve Jobs, super pumped, TaskRabbit, tech worker, Tony Hsieh, transportation-network company, Travis Kalanick, turn-by-turn navigation, Uber and Lyft, Uber for X, uber lyft, ubercab, young professional

Sharing was a misnomer, given that Lyft’s drivers were out to make a buck every bit as much as Uber’s. But by promoting the fiction of a friendly gesture rather than a transaction, Lyft could make an argument, however thin, that its trips weren’t commercial. If so, Lyft reasoned they weren’t illegal taxi rides and didn’t fall under any regulator’s jurisdiction. In reality, Uber worked only with licensed livery drivers; Lyft’s drivers were freelancing amateurs. Yet Lyft had one critical similarity with Uber in that its smartphone app adopted the push-a-button/get-a-ride simplicity that catapulted Uber into the limelight.

If Kalanick was feeling the heat, it would only get worse for him and for Uber. The “Operation SLOG” campaign against Lyft had solidified a sense of Uber’s nefariousness among a growing slice of the tech-aware public. “Hopefully people understand what an evil company UBER is and boycott their service,” read one comment on The Verge, which published the exposé of Uber’s campaign against Lyft. Said another: “What can you expect when UBER’s CEO is another one of those Ayn-Rand loving libertarian nutjobs.” It became politically correct in some coastal cities to avoid Uber altogether. Then, in November 2014, Uber hosted a dinner in New York with influential journalists in which it hoped to put the company in a better light.

Lyft, in six U.S. cities a year after starting to offer ridesharing, sold its Zimride business to the car-rental company Enterprise Holdings, which continues to operate it and still caters to universities and companies. (Lyft, Zimride’s ridesharing product before the sale, became the company’s name.) Uber went through a product repositioning as well. UberX, initially promoted as an “eco-friendly” alternative to requesting a limo, became Uber’s taxi-beating offering. What had been Uber was now UberBlack, which in time became a tiny percentage of Uber’s business. Lyft may have had a new approach, but due to its head start with limos, Uber had a broader network in which to insert UberX. It operated in seventy-seven markets worldwide by the end of 2013. Size didn’t prevent Uber from feeling threatened by its pesky and preternaturally cheerful competitor.


pages: 561 words: 157,589

WTF?: What's the Future and Why It's Up to Us by Tim O'Reilly

"Friedman doctrine" OR "shareholder theory", 4chan, Affordable Care Act / Obamacare, Airbnb, AlphaGo, Alvin Roth, Amazon Mechanical Turk, Amazon Robotics, Amazon Web Services, AOL-Time Warner, artificial general intelligence, augmented reality, autonomous vehicles, barriers to entry, basic income, behavioural economics, benefit corporation, Bernie Madoff, Bernie Sanders, Bill Joy: nanobots, bitcoin, Blitzscaling, blockchain, book value, Bretton Woods, Brewster Kahle, British Empire, business process, call centre, Capital in the Twenty-First Century by Thomas Piketty, Captain Sullenberger Hudson, carbon tax, Carl Icahn, Chuck Templeton: OpenTable:, Clayton Christensen, clean water, cloud computing, cognitive dissonance, collateralized debt obligation, commoditize, computer vision, congestion pricing, corporate governance, corporate raider, creative destruction, CRISPR, crowdsourcing, Danny Hillis, data acquisition, data science, deep learning, DeepMind, Demis Hassabis, Dennis Ritchie, deskilling, DevOps, Didi Chuxing, digital capitalism, disinformation, do well by doing good, Donald Davies, Donald Trump, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, fake news, Filter Bubble, Firefox, Flash crash, Free Software Foundation, fulfillment center, full employment, future of work, George Akerlof, gig economy, glass ceiling, Glass-Steagall Act, Goodhart's law, Google Glasses, Gordon Gekko, gravity well, greed is good, Greyball, Guido van Rossum, High speed trading, hiring and firing, Home mortgage interest deduction, Hyperloop, income inequality, independent contractor, index fund, informal economy, information asymmetry, Internet Archive, Internet of things, invention of movable type, invisible hand, iterative process, Jaron Lanier, Jeff Bezos, jitney, job automation, job satisfaction, John Bogle, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, John Zimmer (Lyft cofounder), Kaizen: continuous improvement, Ken Thompson, Kevin Kelly, Khan Academy, Kickstarter, Kim Stanley Robinson, knowledge worker, Kodak vs Instagram, Lao Tzu, Larry Ellison, Larry Wall, Lean Startup, Leonard Kleinrock, Lyft, machine readable, machine translation, Marc Andreessen, Mark Zuckerberg, market fundamentalism, Marshall McLuhan, McMansion, microbiome, microservices, minimum viable product, mortgage tax deduction, move fast and break things, Network effects, new economy, Nicholas Carr, Nick Bostrom, obamacare, Oculus Rift, OpenAI, OSI model, Overton Window, packet switching, PageRank, pattern recognition, Paul Buchheit, peer-to-peer, peer-to-peer model, Ponzi scheme, post-truth, race to the bottom, Ralph Nader, randomized controlled trial, RFC: Request For Comment, Richard Feynman, Richard Stallman, ride hailing / ride sharing, Robert Gordon, Robert Metcalfe, Ronald Coase, Rutger Bregman, Salesforce, Sam Altman, school choice, Second Machine Age, secular stagnation, self-driving car, SETI@home, shareholder value, Silicon Valley, Silicon Valley startup, skunkworks, Skype, smart contracts, Snapchat, Social Responsibility of Business Is to Increase Its Profits, social web, software as a service, software patent, spectrum auction, speech recognition, Stephen Hawking, Steve Ballmer, Steve Jobs, Steven Levy, Stewart Brand, stock buybacks, strong AI, synthetic biology, TaskRabbit, telepresence, the built environment, the Cathedral and the Bazaar, The future is already here, The Future of Employment, the map is not the territory, The Nature of the Firm, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, Thomas Davenport, Tony Fadell, Tragedy of the Commons, transaction costs, transcontinental railway, transportation-network company, Travis Kalanick, trickle-down economics, two-pizza team, Uber and Lyft, Uber for X, uber lyft, ubercab, universal basic income, US Airways Flight 1549, VA Linux, warehouse automation, warehouse robotics, Watson beat the top human players on Jeopardy!, We are the 99%, web application, Whole Earth Catalog, winner-take-all economy, women in the workforce, Y Combinator, yellow journalism, zero-sum game, Zipcar

A BUSINESS MODEL MAP OF UBER AND LYFT One company at the center of many emerging trends is Uber, a center it shares with Lyft, its biggest competitor in the United States; Didi Chuxing in China; and other on-demand car companies around the world. Matt Cohler, an early Facebook employee turned venture capitalist who became an early investor in Uber, noted that the smartphone is becoming “a remote control for real life.” Uber and Lyft drive home the notion that the Internet is no longer just something that provides access to media content, but instead unlocks real-world services. Uber began as so many startups do, not as a transformative big idea but just with an entrepreneur “scratching his own itch.”

The regulatory friction of the traditional approach makes taxi costs higher and availability worse. Uber and Lyft drivers routinely make more money per hour than taxi drivers; meanwhile, customers generally have better experiences and lower prices. Those who complain that Uber and Lyft “aren’t following the rules” need to ask whether those rules are achieving their intended objective. That doesn’t mean that Lyft and Uber should get a free pass on providing employee benefits and labor protections. As we’ll see in Chapter 9, the right answer is to develop a social safety net and regulatory frameworks as flexible and responsive as the on-demand business model itself. Uber and Lyft (and Airbnb) have taken the approach of asking for forgiveness rather than permission for many of their innovations, relying on swift consumer adoption to give them allies against regulators.

Whatever you may think of Uber, it is hard to deny its impact on the economy. If we want to understand the future, we have to understand Uber. Like it or not, it is the poster child for many of the ways that technology is changing the world of work. Lyft, Uber’s smaller rival, is a more idealistic, worker-friendly company that, in practice, has the same business model. Each of the companies has introduced key innovations that were copied by the other. In many ways, they are co-inventing the future of urban transportation. We will consider them together throughout the book. 3 LEARNING FROM LYFT AND UBER IN THE SUMMER OF 2000, MY EXECUTIVE TEAM AND I DID SOME work with Dan and Meredith Beam, of BEAM inc., a strategy consulting firm, on a strategic planning process for our company.


pages: 375 words: 88,306

The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism by Arun Sundararajan

"World Economic Forum" Davos, additive manufacturing, Airbnb, AltaVista, Amazon Mechanical Turk, asset light, autonomous vehicles, barriers to entry, basic income, benefit corporation, bike sharing, bitcoin, blockchain, book value, Burning Man, call centre, Carl Icahn, collaborative consumption, collaborative economy, collective bargaining, commoditize, commons-based peer production, corporate social responsibility, cryptocurrency, data science, David Graeber, distributed ledger, driverless car, Eben Moglen, employer provided health coverage, Erik Brynjolfsson, Ethereum, ethereum blockchain, Frank Levy and Richard Murnane: The New Division of Labor, future of work, general purpose technology, George Akerlof, gig economy, housing crisis, Howard Rheingold, independent contractor, information asymmetry, Internet of things, inventory management, invisible hand, job automation, job-hopping, John Zimmer (Lyft cofounder), Kickstarter, knowledge worker, Kula ring, Lyft, Marc Andreessen, Mary Meeker, megacity, minimum wage unemployment, moral hazard, moral panic, Network effects, new economy, Oculus Rift, off-the-grid, pattern recognition, peer-to-peer, peer-to-peer lending, peer-to-peer model, peer-to-peer rental, profit motive, public intellectual, purchasing power parity, race to the bottom, recommendation engine, regulatory arbitrage, rent control, Richard Florida, ride hailing / ride sharing, Robert Gordon, Ronald Coase, Ross Ulbricht, Second Machine Age, self-driving car, sharing economy, Silicon Valley, smart contracts, Snapchat, social software, supply-chain management, TaskRabbit, TED Talk, the long tail, The Nature of the Firm, total factor productivity, transaction costs, transportation-network company, two-sided market, Uber and Lyft, Uber for X, uber lyft, universal basic income, Vitalik Buterin, WeWork, Yochai Benkler, Zipcar

Slate, July 6, 2015. http://www.slate.com/articles/business/moneybox/2015/07/airbnb_disrupting_hotels_it_hasn_t_happened_yet_and_both_are_thriving_what.html. 30. Jennifer Surane, “New York’s Taxi Medallion Business Is Hurting. Thanks to Uber and Lyft.” Skift, July 15, 2015. http://skift.com/2015/07/15/new-yorks-taxi-medallion-business-is-hurting-thanks-to-uber-and-lyft. 31. Josh Barro, “Taxi Mogul, Filing Bankruptcy, Sees Uber-Citibank Plot,” New York Times, July 22, 2015. http://www.nytimes.com/2015/07/23/upshot/taxi-mogul-filing-bankruptcy-sees-a-uber-citibank-plot.html?abt=0002&abg=1. 32. Andrey Fradkin, “Search Frictions and the Design of Online Marketplaces,” September 30, 2015. http://andreyfradkin.com/assets/SearchFrictions.pdf. 33.

Although often in the news because of the bruising battles it has waged with Uber for market share, Lyft projects a decidedly kinder and gentler feel than their larger competitor, even as they have graduated from the giant pink mustaches to a more subtle branding strategy. Their co-founder and president John Zimmer, with whom I have had many fascinating conversations over the years, has famously said that he doesn’t see Lyft as competing with Uber, but rather, as competing with “people driving alone.”13 “For me, personally, it was my interest in hospitality,” Zimmer told me, when I asked him about his motivation for starting Lyft. “There are two main pieces in hospitality success: providing an amazing, delightful experience, and having high occupancy.

Indeed, as Alison Griswold from Slate magazine documents, the hotel industry in 2014–15 enjoyed their highest-ever levels of occupancy and average daily room prices.29 The same is not true of Uber and Lyft’s impact on traditional taxicabs. The key difference is that, rather than being merely a differentiated service, Uber and Lyft also display higher quality across the board on most dimensions that customer value, except perhaps the ability to hail a car on the street. This does not negate the point I’m making—the increase in variety will increase consumption. However, the impact on the incumbents is likely to be negative more rapidly. Indeed, taxi drivers (most of whom in larger cities do not own their cars or “medallions”) switch to Uber every day; we have already seen evidence of a drop of about 30% in the price of a New York City yellow cab medallion.30 And in July 2015, Evgeny Freidman, the largest owner of yellow cab medallions in New York, filed a petition to put many of his medallion-owning companies into bankruptcy.31 And the eventual impact of on-demand transportation will likely be on the automobile industry as a whole, accelerated by autonomous cars becoming a mass-market commercial reality over the next decade.


pages: 328 words: 84,682

The Business of Platforms: Strategy in the Age of Digital Competition, Innovation, and Power by Michael A. Cusumano, Annabelle Gawer, David B. Yoffie

activist fund / activist shareholder / activist investor, Airbnb, AltaVista, Amazon Web Services, AOL-Time Warner, asset light, augmented reality, autonomous vehicles, barriers to entry, bitcoin, blockchain, business logic, Cambridge Analytica, Chuck Templeton: OpenTable:, cloud computing, collective bargaining, commoditize, CRISPR, crowdsourcing, cryptocurrency, deep learning, Didi Chuxing, distributed ledger, Donald Trump, driverless car, en.wikipedia.org, fake news, Firefox, general purpose technology, gig economy, Google Chrome, GPS: selective availability, Greyball, independent contractor, Internet of things, Jeff Bezos, Jeff Hawkins, John Zimmer (Lyft cofounder), Kevin Roose, Lean Startup, Lyft, machine translation, Mark Zuckerberg, market fundamentalism, Metcalfe’s law, move fast and break things, multi-sided market, Network effects, pattern recognition, platform as a service, Ponzi scheme, recommendation engine, Richard Feynman, ride hailing / ride sharing, Robert Metcalfe, Salesforce, self-driving car, sharing economy, Silicon Valley, Skype, Snapchat, SoftBank, software as a service, sovereign wealth fund, speech recognition, stealth mode startup, Steve Ballmer, Steve Jobs, Steven Levy, subscription business, Susan Wojcicki, TaskRabbit, too big to fail, transaction costs, transport as a service, Travis Kalanick, two-sided market, Uber and Lyft, Uber for X, uber lyft, vertical integration, Vision Fund, web application, zero-sum game

Recognizing the threat from Sidecar and Lyft, which could offer lower prices because of the reduced licensing and insurance costs faced by nonprofessional drivers, Uber responded. In September, Uber CEO Travis Kalanick told an interviewer, “If somebody’s out there and has a competitive advantage in getting supply, that’s a problem. I’m not going to just let that happen without doing something about it. . . . Uber started out at the high end originally, but the question is can you create a low-cost Uber? Uber has to become a low-cost Uber as well.”10 In April 2013, Uber announced it would begin offering ride-sharing services from nonprofessional drivers using their personal vehicles in cities where Sidecar and Lyft operated and began rolling out the platform under the UberX name that summer.

By mid-2015, Uber had expanded to 300 cities around the world and had signed up its one-millionth driver, including over 150,000 active UberX drivers in the United States, and claimed to cover 75 percent of the U.S. population.11 Lyft had expanded to 65 cities with 100,000 drivers, all in the United States, by March 2015.12 With Uber and Lyft in the market, competition for drivers and riders was fierce. Both Uber and Lyft aggressively recruited drivers, offering cash bonuses of up to $500 or even $1,000 for drivers who switched from another ride-sharing platform, including Sidecar. Current drivers also received bonuses by referring drivers from another platform. Riders received credits for their first ride and additional credits when they referred other riders. Uber and Lyft periodically cut fares to attract riders.

Every taxi company in the world, for example, has fretted over how to adapt to Uber. Suppliers to the taxi industry, such as General Motors, also have feared that the market could tip to Uber. When Uber starts building its own self-driving cars, GM could be frozen out of the loop. GM’s response was to invest $500 million into Uber’s competitor Lyft to improve the prospects of a competitive industry. Within the taxi industry itself, firms across the world have been striving to fend off Uber’s advances. The single most successful strategy has been political: In numerous cities and even countries, taxi organizations have lobbied local governments to put Uber into a compromised position.


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After the Gig: How the Sharing Economy Got Hijacked and How to Win It Back by Juliet Schor, William Attwood-Charles, Mehmet Cansoy

1960s counterculture, Airbnb, algorithmic management, Amazon Mechanical Turk, American Legislative Exchange Council, back-to-the-land, barriers to entry, bike sharing, Californian Ideology, carbon footprint, clean tech, collaborative consumption, collaborative economy, Community Supported Agriculture, COVID-19, creative destruction, crowdsourcing, deskilling, driverless car, en.wikipedia.org, financial independence, future of work, gentrification, George Gilder, gig economy, global supply chain, global village, haute cuisine, income inequality, independent contractor, information asymmetry, Intergovernmental Panel on Climate Change (IPCC), Jean Tirole, Jeff Bezos, jitney, job satisfaction, John Perry Barlow, John Zimmer (Lyft cofounder), Kevin Kelly, Lyft, Marshall McLuhan, Mason jar, mass incarceration, Mitch Kapor, Network effects, new economy, New Urbanism, Occupy movement, peer-to-peer rental, Post-Keynesian economics, precariat, profit maximization, profit motive, race to the bottom, regulatory arbitrage, rent gap, rent-seeking, ride hailing / ride sharing, Ruby on Rails, selection bias, sharing economy, Silicon Valley, Silicon Valley ideology, Skype, smart cities, social distancing, Stewart Brand, TaskRabbit, technological determinism, technoutopianism, Telecommunications Act of 1996, The Nature of the Firm, the payments system, Tragedy of the Commons, transaction costs, transportation-network company, Travis Kalanick, two-sided market, Uber and Lyft, Uber for X, uber lyft, urban planning, wage slave, walking around money, Whole Earth Catalog, women in the workforce, working poor, Yochai Benkler, Zipcar

Part Nine: The 1990s Koch Funded Propaganda Program That Is Uber’s True Origin Story.” Naked Capitalism (blog). March 15, 2017. www.nakedcapitalism.com/2017/03/can-uber-ever-deliver-part-nine-1990s-koch-funded-propaganda-program-ubers-true-origin-story.html. ———. 2019a. “Can Uber Ever Deliver? Part Nineteen.” Naked Capitalism (blog). April 15, 2019. www.nakedcapitalism.com/2019/04/hubert-horan-can-uber-ever-deliver-part-nineteen-ubers-ipo-prospectus-overstates-its-2018-profit-improvement-by-5-billion.html. ———. 2019b. “Can Uber Ever Deliver? Part Eighteen: Lyft’s IPO Prospectus Tells Investors That It Has No Idea How Ridesharing Could Ever Be Profitable.” Naked Capitalism (blog).

When we asked what he felt the future held, Danny was pessimistic. “I feel Uber is kind of letting us go. . . . Basically they’re going to lower the rates until we break.” Drivers’ complaints are borne out in company data. Between 2014 and 2016 Uber reduced drivers’ share of total revenue from 83 percent to 68 percent.72 Then, facing increased competition from Lyft, on account of boycotts, bad press, and driver exit, Uber raised its payments to drivers to 77 percent in 2018. Meanwhile, Lyft took the opportunity presented by Uber’s squeeze to increase its take, reducing drivers’ share from 82 percent to 73 percent between 2016 and 2018, excluding additional reductions in incentives.73 In 2019, as the ride-hail companies prepared for their IPOs, they were forced to provide some transparency in their SEC filings.

By breaking the law, Uber and Lyft destroyed that viability, and we’re now seeing their drivers subjected to a similar race-to-the-bottom.27 And what the ideological high ground can’t accomplish, money can. The biggest platforms, again with Uber in the lead, have employed an army of lobbyists and public relations firms to fight even minor changes. In response to a modest proposed California law to fill the gap in insurance coverage when a driver has the app on but isn’t on a fare, Uber hired fourteen of the fifteen biggest Sacramento lobbying firms.28 In 2017 Uber and Lyft had more lobbyists than Amazon, Microsoft, and Walmart combined.29 Airbnb has also been active trying to stop laws that limit rental activity or mandate the collection of hotel and occupancy taxes.


pages: 491 words: 77,650

Humans as a Service: The Promise and Perils of Work in the Gig Economy by Jeremias Prassl

3D printing, Affordable Care Act / Obamacare, Airbnb, algorithmic management, Amazon Mechanical Turk, Andrei Shleifer, asset light, autonomous vehicles, barriers to entry, call centre, cashless society, Clayton Christensen, collaborative consumption, collaborative economy, collective bargaining, creative destruction, crowdsourcing, death from overwork, Didi Chuxing, disruptive innovation, Donald Trump, driverless car, Erik Brynjolfsson, full employment, future of work, George Akerlof, gig economy, global supply chain, Greyball, hiring and firing, income inequality, independent contractor, information asymmetry, invisible hand, Jeff Bezos, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, Kevin Roose, Kickstarter, low skilled workers, Lyft, machine readable, Mahatma Gandhi, Mark Zuckerberg, market friction, means of production, moral hazard, Network effects, new economy, obamacare, pattern recognition, platform as a service, Productivity paradox, race to the bottom, regulatory arbitrage, remote working, ride hailing / ride sharing, Robert Gordon, Ronald Coase, Rosa Parks, scientific management, Second Machine Age, secular stagnation, self-driving car, shareholder value, sharing economy, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, Simon Singh, software as a service, Steve Jobs, TaskRabbit, TechCrunch disrupt, The Future of Employment, The Market for Lemons, The Nature of the Firm, The Rise and Fall of American Growth, transaction costs, transportation-network company, Travis Kalanick, two tier labour market, two-sided market, Uber and Lyft, Uber for X, uber lyft, union organizing, warehouse automation, work culture , working-age population

Julia Tomassetti, ‘Does Uber redefine the firm? The postindustrial corporation and advanced information technology’ (2016) 34(1) Hofstra Labor and Employment Law Journal 239, 293: Uber and Lyft sublimate their agency in the production of ride services into algo- rithms, programming, and technology management. The metaphor of the ‘platform’ transforms Uber and Lyft from subjects into spaces. It evokes a passive space to be inhabited by active agents—drivers and passengers. For example, Lyft argues that drivers’ ‘low ratings [are] given by passengers, not Lyft. Uber argued that passengers, and not Uber, controlled drivers’ work.

Through ‘partnership with governments and organisations who share [Uber’s] vision of opening up economic opportunity in every city’, promised David Plouffe, then Uber’s Senior Vice President, Policy and Strategy, in late 2015, the platform was ‘committed to creating 20,000 new jobs in Australia’: ‘Uber plans to create 200,000 new jobs in Australia in 2015’, Uber Blog (11 February 2015), https:// * * * Notes 155 newsroom.uber.com/australia/uber-plans-to-create-20000-new-jobs-in- australia-in-2015/, archived at https://perma.cc/EJV7-4ZD8 37. Brhmie Balaram, Fair Share: Reclaiming Power in the Sharing Economy (RSA 2016), 9–10. 38. Lyft, ‘Home page’, http://www.lyft.com, archived at https://perma.cc/ 897C-8HFL 39.

TaskRabbit, The TaskRabbit Handbook (on file with author), 9; Task Rabbit, ‘Community guidelines’, https://support.taskrabbit.com/hc/en-us/articles/ 204409440-TaskRabbit-Community-Guidelines, archived at https://perma. cc/VX4Q-77CT; Josh Dzieza, ‘The rating game: how Uber and its peers turned us into horrible bosses’, The Verge (28 October 2015), http://www.theverge. com/2015/10/28/9625968/rating-system-on-demand-economy-uber-olive- garden, archived at https://perma.cc/CVU4-GEV7; Benjamin Sachs, ‘Uber and Lyft: customer reviews and the right to control’, On Labor (20 May 2015), http://onlabor.org/2015/05/20/uber-and-lyft-customer-reviews-and-the- right-to-control/, archived at https://perma.cc/9TNM-Y95X 52. Josh Dzieza, ‘The rating game: how Uber and its peers turned us into horrible bosses’, The Verge (28 October 2015), http://www.theverge.com/2015/10/28/ 9625968/rating-system-on-demand-economy-uber-olive-garden, archived at https://perma.cc/CVU4-GEV7 53.


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Hustle and Gig: Struggling and Surviving in the Sharing Economy by Alexandrea J. Ravenelle

active transport: walking or cycling, Affordable Care Act / Obamacare, air traffic controllers' union, Airbnb, Amazon Mechanical Turk, barriers to entry, basic income, Broken windows theory, call centre, Capital in the Twenty-First Century by Thomas Piketty, cashless society, Clayton Christensen, clean water, collaborative consumption, collective bargaining, company town, creative destruction, crowdsourcing, digital divide, disruptive innovation, Downton Abbey, East Village, Erik Brynjolfsson, full employment, future of work, gentrification, gig economy, Howard Zinn, income inequality, independent contractor, informal economy, job automation, John Zimmer (Lyft cofounder), low skilled workers, Lyft, minimum wage unemployment, Mitch Kapor, Network effects, new economy, New Urbanism, obamacare, Panopticon Jeremy Bentham, passive income, peer-to-peer, peer-to-peer model, performance metric, precariat, rent control, rent stabilization, ride hailing / ride sharing, Ronald Reagan, scientific management, sharing economy, side hustle, Silicon Valley, strikebreaker, TaskRabbit, TED Talk, telemarketer, the payments system, The Theory of the Leisure Class by Thorstein Veblen, Tim Cook: Apple, transaction costs, Travis Kalanick, Triangle Shirtwaist Factory, Uber and Lyft, Uber for X, uber lyft, ubercab, universal basic income, Upton Sinclair, urban planning, vertical integration, very high income, white flight, working poor, Zipcar

But these are only the incidences that are caught on tape. Cameras are not required by Uber or Lyft, and many drivers, whether owing to the expense or to concerns about the legality of the cameras, don’t have them. It doesn’t help that Uber has lobbied for weaker insurance protections for workplace injuries.20 Uber has not entirely ignored worker risks—it’s just that any costs associated with protecting drivers are borne by workers or customers. During Uber’s 180 Days of Change campaign, part of an effort to improve the company’s public image and driver morale, Uber announced Driver Injury Protection insurance offered via Aon.

It’s hard to say, and it’s doubtful that Uber or Lyft will be researching or publicizing such statistics anytime soon. Officials with the Whisper website, an anonymous social media site that allows users to post secrets and confessions, say that they’ve “vetted accounts of several people who said they have had sex with an Uber or Lyft driver, and of drivers who said they had sex with customers. And based on things such as geo-location of the posts and direct inquiries, they said they have no reason to believe the posts are bogus.”28 When the former CEO of Uber calls the service “boob-er” because it improves his chances with the ladies, perhaps no one should be surprised when drivers or passengers treat a ride as more than a way home.29 Although the workplace protections dealing with safety and the right to unionize date back to the early industrial age and the beginning of the 1900s, American protections against sexual harassment are a direct outcropping of second-wave feminism.

So I was just saying, ‘All right, I made the right decision.’” Like many drivers, Hector drove for both Uber and Lyft, often deciding which app to activate based on the active guarantees and his own experience with passengers and demand. He described Lyft passengers as nicer, but also noted that Uber had more clients. Although his income appears to be higher than his earnings at the furniture rental center, the start-up costs of becoming a driver were considerable: trading in his car for an Uber-approved model, increasing his car note by $8,000: and the addition of roughly $4,000 in fees and insurance prepayments for his TLC license and registration.


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Gigged: The End of the Job and the Future of Work by Sarah Kessler

"Susan Fowler" uber, Affordable Care Act / Obamacare, Airbnb, Amazon Mechanical Turk, basic income, bitcoin, blockchain, business cycle, call centre, cognitive dissonance, collective bargaining, crowdsourcing, data science, David Attenborough, do what you love, Donald Trump, East Village, Elon Musk, financial independence, future of work, game design, gig economy, Hacker News, income inequality, independent contractor, information asymmetry, Jeff Bezos, job automation, law of one price, Lyft, Mark Zuckerberg, market clearing, minimum wage unemployment, new economy, opioid epidemic / opioid crisis, payday loans, post-work, profit maximization, QR code, race to the bottom, ride hailing / ride sharing, Salesforce, Second Machine Age, self-driving car, shareholder value, sharing economy, Silicon Valley, Snapchat, TaskRabbit, TechCrunch disrupt, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, union organizing, universal basic income, working-age population, Works Progress Administration, Y Combinator

One of his fellow protestors leaned out the back window announcing, in the tone and cadence that someone might use during a fire drill, “Do not use Uber. Use Lyft or Sidecar. Take a cab. Take the bus.” Another video Abe posted in the Uber Freedom Facebook group showed a driver pulling up to another car. He rolled down his window. “You work Uber?” the driver asked, in broken English. The other driver confirmed that yes, he did. “This weekend is a strike, you know? I work Uber too. This weekend, strike. Only Lyft, no Uber.” The other driver started to drive away, but the man filming the video kept yelling at him. “No Uber! Fuck Uber!” At a victory dinner later that night, Abe watched himself on the local news.

“The much-touted virtues of flexibility, independence and creativity offered by gig work might be true for some workers under some conditions,” she said in a speech at an annual conference for the New America Foundation in Washington, “but for many, the gig economy is simply the next step in a losing effort to build some economic security in a world where all the benefits are floating to the top 10 percent.”21 The speech wasn’t exactly about the gig economy: “The problems facing gig workers are much like the problems facing millions of other workers,” Warren noted. But the headlines were definitely about the gig economy: “Elizabeth Warren Takes on Uber, Lyft and the ‘Gig Economy’”;22 “Elizabeth Warren Calls for Increased Regulations on Uber, Lyft, and the ‘Gig Economy’”;23 “Elizabeth Warren Slams Uber and Lyft.”24 In her speech, Warren had acknowledged that talking about TaskRabbit, Uber, and Lyft was “very hip.” It seemed she was right. Sometimes politicians and labor leaders didn’t even need to frame their positions within the context of the gig economy to have them interpreted that way.

ADD TIP OPTION Though tips were customary in the livery and taxi businesses, Uber discouraged them. “You don’t need cash when you ride with Uber,” the company explained on its website. “Once you arrive at your destination, your fare is automatically charged to your credit card on file—there’s no need to tip.” Many customers assumed that the tip was included in the fare, which in 2016 Uber would clarify, as part of a lawsuit settlement, was not the case.6 Abe wanted Uber to go a step further and put an option to tip drivers in the app, as Uber’s competitor Lyft had already done. 3. RAISE THE CANCELLATION FEE TO $7 If a passenger summoned an Uber driver but then canceled the ride after the driver was on his way, the customer usually paid a fee between $5 and $10, of which drivers could keep some percentage.


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New Power: How Power Works in Our Hyperconnected World--And How to Make It Work for You by Jeremy Heimans, Henry Timms

"Susan Fowler" uber, "World Economic Forum" Davos, 3D printing, 4chan, Affordable Care Act / Obamacare, Airbnb, algorithmic management, augmented reality, autonomous vehicles, battle of ideas, benefit corporation, Benjamin Mako Hill, Big Tech, bitcoin, Black Lives Matter, blockchain, British Empire, Chris Wanstrath, Columbine, Corn Laws, crowdsourcing, data science, David Attenborough, death from overwork, Donald Trump, driverless car, Elon Musk, fake news, Ferguson, Missouri, future of work, game design, gig economy, hiring and firing, holacracy, hustle culture, IKEA effect, impact investing, income inequality, informal economy, job satisfaction, John Zimmer (Lyft cofounder), Jony Ive, Kevin Roose, Kibera, Kickstarter, Lean Startup, Lyft, Mark Zuckerberg, Minecraft, Network effects, new economy, Nicholas Carr, obamacare, Occupy movement, post-truth, profit motive, race to the bottom, radical decentralization, ride hailing / ride sharing, rolling blackouts, rolodex, Salesforce, Saturday Night Live, sharing economy, side hustle, Silicon Valley, six sigma, Snapchat, social web, subscription business, TaskRabbit, tech billionaire, TED Talk, the scientific method, transaction costs, Travis Kalanick, Uber and Lyft, uber lyft, upwardly mobile, web application, WikiLeaks, Yochai Benkler

They live in fierce and unfriendly competition, with Uber well ahead, having scaled much faster and expanded globally, leading to a valuation over ten times that of Lyft, but with Lyft posing a real threat in some of Uber’s biggest markets. The functionality of the two platforms is very similar. An Uber user feels thoroughly at home with the Lyft app and vice versa. But from the beginning, Uber and Lyft have positioned themselves very differently. Uber launched as “everyone’s private driver”—the pitch being that you, too, could slink into the back of a badass shiny black ride. Lyft came to life as “your friend with a car,” with a giant pink mustache amiably perched on the grille, riders hopping in the front seat and fist-bumping the driver a hello.

I think that’s the sense that you get, right from the onset, that Lyft does care.” Campbell explains that Uber seems at pains to keep itself at a distance from the lived experience of their drivers: “Uber actually had a policy where they don’t allow their corporate employees to be Uber drivers, where Lyft is almost the opposite. They highly encourage their employees to be drivers.” Lyft tries to show it cares, too, in how it offers drivers incentives. Lyft has always offered riders the opportunity to tip drivers; Uber only introduced this feature in 2017 under pressure from drivers and besieged by crisis. Lyft also takes a different approach to rewarding their most committed drivers, operating a sliding scale that reduces Lyft’s commission based on how many hours a driver works.

“your friend with a car”: Dimosthenis Kefallonitis, “Lyft.me, Your Friend with a Car,” Consumer Value Creation, January 22, 2014. Uber is defined by its remoteness: Alanna Petroff, “The Rise and Fall of Uber CEO Travis Kalanick,” CNNMoney, June 21, 2017. “The reason Uber”: Chris Smith, “Uber Wants to ‘Get Rid of the Dude in the Car’ with Driverless Taxi Service,” TechRadar, May 8, 2014. It all began when Uber: Caroline O’Donovan, “Uber Just Cut Fares in 80 North American Cities,” BuzzFeed, January 9, 2016. “In true Uber fashion”: Harry Campbell, “Uber to Cut Rates in More Than 100 Cities,” The Rideshare Guy (blog), January 8, 2016. www.therideshareguy.com.


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Peers Inc: How People and Platforms Are Inventing the Collaborative Economy and Reinventing Capitalism by Robin Chase

Airbnb, Amazon Web Services, Andy Kessler, Anthropocene, Apollo 13, banking crisis, barriers to entry, basic income, Benevolent Dictator For Life (BDFL), bike sharing, bitcoin, blockchain, Burning Man, business climate, call centre, car-free, carbon tax, circular economy, cloud computing, collaborative consumption, collaborative economy, collective bargaining, commoditize, congestion charging, creative destruction, crowdsourcing, cryptocurrency, data science, deal flow, decarbonisation, different worldview, do-ocracy, don't be evil, Donald Shoup, Elon Musk, en.wikipedia.org, Ethereum, ethereum blockchain, Eyjafjallajökull, Ferguson, Missouri, Firefox, Free Software Foundation, frictionless, Gini coefficient, GPS: selective availability, high-speed rail, hive mind, income inequality, independent contractor, index fund, informal economy, Intergovernmental Panel on Climate Change (IPCC), Internet of things, Jane Jacobs, Jeff Bezos, jimmy wales, job satisfaction, Kickstarter, Kinder Surprise, language acquisition, Larry Ellison, Lean Startup, low interest rates, Lyft, machine readable, means of production, megacity, Minecraft, minimum viable product, Network effects, new economy, Oculus Rift, off-the-grid, openstreetmap, optical character recognition, pattern recognition, peer-to-peer, peer-to-peer lending, peer-to-peer model, Post-Keynesian economics, Richard Stallman, ride hailing / ride sharing, Ronald Coase, Ronald Reagan, Salesforce, Satoshi Nakamoto, Search for Extraterrestrial Intelligence, self-driving car, shareholder value, sharing economy, Silicon Valley, six sigma, Skype, smart cities, smart grid, Snapchat, sovereign wealth fund, Steve Crocker, Steve Jobs, Steven Levy, TaskRabbit, The Death and Life of Great American Cities, The Future of Employment, the long tail, The Nature of the Firm, Tragedy of the Commons, transaction costs, Turing test, turn-by-turn navigation, Uber and Lyft, uber lyft, vertical integration, Zipcar

One of the participants suggested that the huge valuations for Peers Inc companies gives these startups large amounts of “cheap” capital to play with, and therefore the ability to buy growth rather than earn it. Lyft and Uber are fierce competitors in the new app-based medallion-free taxi market. Both have experienced fast growth and expansion in the few years since their founding (Uber in 2009, Lyft in 2012). And now both are engaged in price wars, each reducing fares to attract passengers and lowering their commissions to attract peer drivers. Neither has any competitive intellectual property. Uber’s competitive advantage was once in the deals it had negotiated with local limo companies and individual drivers.

It is my experience with Zipcar and its competitors that customers choose based on a combination of convenience (the technology), price, and proximity. Both Uber and Lyft have business models and apps that appear to work; can the market sustain both? Buying (bribing) users too early in a company’s life cycle will just eat up a lot of money and won’t produce anything lasting. Doing so later is indeed possible, but it can be a very risky strategy depending on a company’s ability to defend that lead. I’ll talk more about the Uber/Lyft battle when I discuss the last phase, later in this chapter. In all cases, the “greasiest” platforms, those with the least friction, win out.

Of course, all users or potential users get to choose which applications they want (this is the free market at work). I can choose to put Lyft or Uber—or both—onto my smartphone. I can say no to a lift from any specific driver. This is critical not just to protect user choice but also to protect the potential for new applications. Peers providing services will stop participating if they think their potential for success, for fair treatment, is rigged from the outset. And this is why Mohammed, an Uber driver, told me he switched from working for a black car service to working for Uber: “I know I will get the call because I’m the closest car, not because I have seniority or am a friend of the dispatcher.”


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Nothing But Net by Mark Mahaney

Airbnb, AltaVista, Amazon Web Services, AOL-Time Warner, augmented reality, autonomous vehicles, Big Tech, Black Swan, Burning Man, buy and hold, Cambridge Analytica, Chuck Templeton: OpenTable:, cloud computing, COVID-19, cryptocurrency, discounted cash flows, disintermediation, diversification, don't be evil, Donald Trump, Elon Musk, financial engineering, gamification, gig economy, global pandemic, Google Glasses, Jeff Bezos, John Zimmer (Lyft cofounder), knowledge economy, lockdown, low interest rates, Lyft, Marc Andreessen, Mark Zuckerberg, Mary Meeker, medical malpractice, meme stock, Network effects, PageRank, pets.com, ride hailing / ride sharing, Salesforce, Saturday Night Live, shareholder value, short squeeze, Silicon Valley, Skype, Snapchat, social graph, Steve Jobs, stocks for the long run, subscription business, super pumped, the rule of 72, TikTok, Travis Kalanick, Uber and Lyft, uber lyft

I declared a preference for UBER over LYFT because it had a global presence (thus a larger TAM), while Lyft was purely a US service, and because Uber had a much stronger market share position than Lyft in the United States. The founders of Lyft (John Zimmer and Logan Green) were actively involved in running Lyft, which was a distinct positive, but I also had confidence in the management capabilities of Uber CEO Dara “Dog’s Breakfast” Khosrowshahi, which I thought somewhat mitigated the fact that Uber’s founders were no longer actively involved. Finally, I believed that Uber’s diversification into online food delivery was a distinct positive and would help generate premium revenue growth.

Although the Covid-19 crisis did have a materially negative impact on demand for the two leading US ridesharing services, Uber and Lyft shares were under pressure long before the pandemic because of the large losses both companies were running. In 2019, Lyft generated $2.6 billion in net income loss, while Uber generated $8.6 billion in net loss. These loss levels were practically unprecedented. And in the quarters post their IPOs, there was substantial uncertainty whether Uber and Lyft would ever be profitable. That uncertainty was exactly what Brown’s comments captured. It is striking that UBER then traded up almost 70% in 2020. As of early 2021, Uber’s share price had skyrocketed 300% since its mid-March 2020 lows, and it is now more than 30% above its IPO price.

And my most important lesson learned was the fourth sentence in that summary paragraph above: Valuation should not be the most important factor in the stock-picking decision process. Uber (UBER) IPO’d on Friday, May 10, 2019, at $45 and traded off 8% on its first day to below $42. Except for a brief period in late June 2019, it remained a broken IPO for 18 months, consistently trading below its IPO price. In mid-March 2020, in the wake of intense Covid-19 pandemic pressures on ridesharing demand and investor concerns about Uber’s liquidity, Uber’s share price broke below $15, almost 70% below its IPO price. Lyft (LYFT) IPO’d on Friday, March 29, 2019, at $72 and traded up 9% on its first day to $78.


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Modern Monopolies: What It Takes to Dominate the 21st Century Economy by Alex Moazed, Nicholas L. Johnson

3D printing, Affordable Care Act / Obamacare, Airbnb, altcoin, Amazon Web Services, Andy Rubin, barriers to entry, basic income, bitcoin, blockchain, book value, Chuck Templeton: OpenTable:, cloud computing, commoditize, connected car, disintermediation, driverless car, fake it until you make it, future of work, gig economy, hockey-stick growth, if you build it, they will come, information asymmetry, Infrastructure as a Service, intangible asset, Internet of things, invisible hand, jimmy wales, John Gruber, Kickstarter, Lean Startup, Lyft, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Marshall McLuhan, means of production, Metcalfe’s law, money market fund, multi-sided market, Network effects, PalmPilot, patent troll, peer-to-peer lending, Peter Thiel, pets.com, platform as a service, power law, QWERTY keyboard, Ray Kurzweil, ride hailing / ride sharing, road to serfdom, Robert Metcalfe, Ronald Coase, Salesforce, self-driving car, sharing economy, Sheryl Sandberg, Silicon Valley, Skype, Snapchat, social graph, software as a service, software is eating the world, source of truth, Startup school, Steve Jobs, TaskRabbit, technological determinism, the medium is the message, transaction costs, transportation-network company, traveling salesman, Travis Kalanick, two-sided market, Uber and Lyft, Uber for X, uber lyft, vertical integration, white flight, winner-take-all economy, Y Combinator

Another startup called Pillow provides a similar service, as do Beyond Stays, GuestHop, Guesty, and many more. Uber also has spawned its own ecosystem of support services. Many people who might want to drive an Uber part-time don’t own a car. Well, thanks to Breeze, a San Francisco-based startup: no car, no problem. Breeze leases cars at $195 a week to aspiring Uber or Lyft drivers. In late 2013, Uber also began partnering with third-party lenders to offer vehicle financing to would-be drivers.2 Insurance is another big opportunity. Both Uber and Lyft provide insurance coverage while drivers are on a job, but when they’re not on the way to or driving a passenger, they are out of luck.

No, this isn’t the plot of a movie about high-stakes corporate espionage. This is Operation SLOG, Uber’s covert, ethically dubious, and possibly illegal attempt at poaching drivers from rival ride-hailing service Lyft. “SLOG” stands for Supplying Long-term Operations Growth, a name that hints at why Uber goes to such great lengths to recruit drivers. Uber understands that one of its core functions is to grow its network. Aggressive marketing is nothing new, but for a platform like Uber, the task goes beyond marketing. Uber has to attract two separate groups of users—drivers and passengers—and it has to balance the number of each in order to maintain an equilibrium between supply and demand.

As of the beginning of 2016, Airbnb’s place within the existing regulatory regime for the hotel industry is anything but settled. For Uber, the biggest legal issue is the classification status of its drivers. Uber drivers, which the company calls its “driver partners,” are currently so-called 1099 contract employees, named for Form 1099 that these employees have to file with the IRS. This classification status means that Uber doesn’t have to pay payroll taxes for these contractors and that it doesn’t have to provide long-term benefits such as health insurance and workers’ compensation. It also limits Uber’s legal liability for the actions of its drivers. Most other services marketplaces, including Handy, Lyft, Instacart, and Postmates, classify all or some of their workers as 1099 contractors rather than W-2 workers or contractors.


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Platform Scale: How an Emerging Business Model Helps Startups Build Large Empires With Minimum Investment by Sangeet Paul Choudary

3D printing, Airbnb, Amazon Web Services, barriers to entry, bitcoin, blockchain, business logic, business process, Chuck Templeton: OpenTable:, Clayton Christensen, collaborative economy, commoditize, crowdsourcing, cryptocurrency, data acquisition, data science, fake it until you make it, frictionless, game design, gamification, growth hacking, Hacker News, hive mind, hockey-stick growth, Internet of things, invisible hand, Kickstarter, Lean Startup, Lyft, M-Pesa, Marc Andreessen, Mark Zuckerberg, means of production, multi-sided market, Network effects, new economy, Paul Graham, recommendation engine, ride hailing / ride sharing, Salesforce, search costs, shareholder value, sharing economy, Silicon Valley, Skype, Snapchat, social bookmarking, social graph, social software, software as a service, software is eating the world, Spread Networks laid a new fibre optics cable between New York and Chicago, TaskRabbit, the long tail, the payments system, too big to fail, transport as a service, two-sided market, Uber and Lyft, Uber for X, uber lyft, vertical integration, Wave and Pay

With a limited supply of drivers in a city and the cost for a driver to connect to an additional platform being so small, drivers multihome on both Uber and Lyft. This has naturally led to intense competition between the two companies, and Uber infamously resorted to a playbook to create interaction failure on Lyft using questionable tactics. Uber decided to target interaction failure on Lyft by contracting third-party agents to use disposable phones to hail Lyft taxies. Before the Lyft taxi arrived at its pickup location, the Uber-contracted agent would cancel the ride. With so many cancelations on the Lyft platform, drivers would become frustrated driving for Lyft and, in some cases, switch to Uber. A smaller number of drivers on the Lyft platform meant longer waiting times for traveler.

For more details, please visit http://platformthinkinglabs.com/about/sangeet-choudary/ TABLE OF CONTENTS Preface 1.0 AN INTRODUCTION TO INTERACTION-FIRST BUSINESSES 1.1 Building The Next Big Thing 1.2 The Platform Manifesto 1.3 The Rise Of The Interaction-First Business 1.4 The Platform Stack 1.5 The Inner Workings Of Platform Scale Conclusion 2.0 DESIGNING THE INTERACTION-FIRST PLATFORM Introduction 2.1 The New New Value 2.2 Uber’s Drivers, Google’s Crawlers And GE's Machines 2.3 Building An Interaction-First Platform Business 2.4 Uber, Etsy, And The Internet Of Everybody 2.5 Personalization Mechanics 2.6 The Core Interaction 2.7 Pull-Facilitate-Match 2.8 The Platform Canvas 2.9 Emergence 3.0 BUILDING INTERACTION-FIRST PLATFORMS Introduction 3.1 Interaction Drivers 3.2 Building User Contribution Systems 3.3 Frictionless Like Instagram 3.4 The Creation Of Cumulative Value 3.5 The Traction-Friction Matrix 3.6 Sampling Costs 3.7 Trust Drives Interaction 3.8 Uber Vs. Lyft And Interaction Failure 3.9 Interaction Ownership And The TaskRabbit Problem 4.0 SOLVING CHICKEN-AND-EGG PROBLEMS Introduction 4.1 A Design Pattern For Sparking Interactions 4.2 Activating The Standalone Mode 4.3 How Paypal And Reddit Faked Their Way To Traction 4.4 Every Producer Organizes Their Own Party 4.5 Bringing In The Ladies 4.6 The Curious Case Of New Payment Mechanisms 4.7 Drink Your Own Kool Aid 4.8 Beg, Borrow, Steal And The World Of Supply Proxies 4.9 Disrupting Craigslist 4.10 Starting With Micromarkets 4.11 From Twitter To Tinder 5.0 VIRALITY: SCALE IN A NETWORKED WORLD Introduction 5.1 Transitioning To Platform Scale 5.2 Instagram’s Moonshot Moment 5.3 Going Viral 5.4 Architecting Diseases 5.5 A Design-First Approach To Viral Growth 5.6 Building Viral Engines 5.7 The Viral Canvas 6.0 REVERSE NETWORK EFFECTS Introduction 6.1 A Scaling Framework For Platforms 6.2 Reverse Network Effects 6.3 Manifestations Of Reverse Network Effects 6.4 Designing The Anti-Viral, Anti-Social Network Epilogue Platform Scale (n): Business scale powered by the ability to leverage and orchestrate a global connected ecosystem of producers and consumers toward efficient value creation and exchange.

Producers and consumers who experience interaction failure become discouraged from participating further and eventually abandon the platform. THE UBERLYFT WAR Interaction failure is especially important for on-demand platforms. Imagine a consumer requesting a service and never being served with a solution. Imagine, in turn, a producer receiving a request and preparing to fulfill that request, only to find that the request is canceled. In both cases, the respective consumer or producer may become discouraged and decide to abandon the platform. In some of the largest cities, drivers drive for both Uber and Lyft, as well as other competitors. It’s not uncommon for these drivers to switch between the two platforms multiple times a day.


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The End of Traffic and the Future of Transport: Second Edition by David Levinson, Kevin Krizek

2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, 3D printing, American Society of Civil Engineers: Report Card, autonomous vehicles, barriers to entry, Bay Area Rapid Transit, big-box store, bike sharing, carbon tax, Chris Urmson, collaborative consumption, commoditize, congestion pricing, crowdsourcing, DARPA: Urban Challenge, dematerialisation, driverless car, Dutch auction, Elon Musk, en.wikipedia.org, Ford Model T, Google Hangouts, high-speed rail, Induced demand, intermodal, invention of the printing press, jitney, John Markoff, labor-force participation, Lewis Mumford, lifelogging, Lyft, means of production, megacity, Menlo Park, Network effects, Occam's razor, oil shock, place-making, pneumatic tube, post-work, printed gun, Ray Kurzweil, rent-seeking, ride hailing / ride sharing, Robert Gordon, self-driving car, sharing economy, Silicon Valley, Skype, smart cities, tacit knowledge, techno-determinism, technological singularity, Tesla Model S, the built environment, The future is already here, Thomas Kuhn: the structure of scientific revolutions, transaction costs, transportation-network company, Uber and Lyft, Uber for X, uber lyft, urban renewal, women in the workforce, working-age population, Yom Kippur War, zero-sum game, Zipcar

Payment is automatic unless you want to change your payment. 190 Source various, including Oxford Dictionaries http://www.oxforddictionaries.com/definition/english/taxi 191 Bregman, Susan (2015-04-23) Uber and Lyft claim carpooling success. TheTransitWire.com. http://www.thetransitwire.com/2015/04/23/uber-lyft-claim-carpooling-success/ 192 DeAmicis, Carmel (2015-07-18) How Didi Kuaidi Plans to Destroy Uber in China. Re/Code. http://recode.net/2015/07/18/how-didi-kuaidi-plans-to-destroy-uber-in-china/ 193 A longer discussion of our skepticism is here: Levinson (2014-12-01) "It is a Small Market After All" Transportationist blog. http://transportationist.org/2014/12/01/its-a-small-market-after-all-es-gibt-einen-kleinen-markt-uber-alles/ 194 French, Sally (2015-07-01) "An 8-year-old's take on 'Uber for kids'" MarketWatch https://secure.marketwatch.com/story/an-8-year-olds-take-on-uber-for-kids-2015-07-01 195 Zimmerman, Eilene (2016-04-13) "Ride-Hailing Start-Ups Compete in ‘Uber for Children’ Niche” New York Times. http://www.nytimes.com/2016/04/14/business/smallbusiness/ride-sharing-start-ups-compete-in-uber-for-children-niche.html 196 Hatmaker, Taylor (2014-09-08) "Taxi service by women for women launching in New York."

Lyft now does jitney (shared taxi, dollar van, informal transport) type services, dubbed Lyft Line. (Uber has the similar UberPool) These serve either one pickup going to multiple destinations, or multiple pickups going to one destination, or multiple origins to multiple destinations, and compete with both taxi and public transit. (Though it would not be exactly fixed routes, one could imagine regular runs with a known coterie of passengers). This is at a lower rate than the traditional single party taxi-like service. While these services are at the time of this writing only in San Francisco and New York, Lyft now claims that Lyft Line comprises 50% of Lyft's rides in San Francisco and 30% in New York.191 (Not all of Lyft Line customers wind up in a shared ride, they just indicate a willingness to for a lower fare, and get the lower fare regardless of whether another passenger can be found).

While these services are at the time of this writing only in San Francisco and New York, Lyft now claims that Lyft Line comprises 50% of Lyft's rides in San Francisco and 30% in New York.191 (Not all of Lyft Line customers wind up in a shared ride, they just indicate a willingness to for a lower fare, and get the lower fare regardless of whether another passenger can be found). The ease of making ride requests and payments is what drives many folks to choose Uber or Lyft over traditional taxis. We suspect differentiating status and class is another important element. Users are hip enough and wealthy enough to use the new technology and not have to sit where others from other classes have sat before. As these services become widespread, humans will undoubtedly develop new forms of elitism.


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Platform Revolution: How Networked Markets Are Transforming the Economy--And How to Make Them Work for You by Sangeet Paul Choudary, Marshall W. van Alstyne, Geoffrey G. Parker

3D printing, Affordable Care Act / Obamacare, Airbnb, Alvin Roth, Amazon Mechanical Turk, Amazon Web Services, Andrei Shleifer, Apple's 1984 Super Bowl advert, autonomous vehicles, barriers to entry, Benchmark Capital, big data - Walmart - Pop Tarts, bitcoin, blockchain, business cycle, business logic, business process, buy low sell high, chief data officer, Chuck Templeton: OpenTable:, clean water, cloud computing, connected car, corporate governance, crowdsourcing, data acquisition, data is the new oil, data science, digital map, discounted cash flows, disintermediation, driverless car, Edward Glaeser, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, financial innovation, Free Software Foundation, gigafactory, growth hacking, Haber-Bosch Process, High speed trading, independent contractor, information asymmetry, Internet of things, inventory management, invisible hand, Jean Tirole, Jeff Bezos, jimmy wales, John Markoff, Kevin Roose, Khan Academy, Kickstarter, Lean Startup, Lyft, Marc Andreessen, market design, Max Levchin, Metcalfe’s law, multi-sided market, Network effects, new economy, PalmPilot, payday loans, peer-to-peer lending, Peter Thiel, pets.com, pre–internet, price mechanism, recommendation engine, RFID, Richard Stallman, ride hailing / ride sharing, Robert Metcalfe, Ronald Coase, Salesforce, Satoshi Nakamoto, search costs, self-driving car, shareholder value, sharing economy, side project, Silicon Valley, Skype, smart contracts, smart grid, Snapchat, social bookmarking, social contagion, software is eating the world, Steve Jobs, TaskRabbit, The Chicago School, the long tail, the payments system, Tim Cook: Apple, transaction costs, Travis Kalanick, two-sided market, Uber and Lyft, Uber for X, uber lyft, vertical integration, winner-take-all economy, zero-sum game, Zipcar

In some cases, the gradual addition of new interactions is part of the long-term business plan that platform founders had in mind from the beginning. In early 2015, both Uber and Lyft began experimenting with a new ride-sharing service that complements their familiar call-a-taxi business model. The new services, known as UberPool and Lyft Line, allow two or more passengers traveling in the same direction to find one another and share a ride, thereby reducing their cost while increasing the revenues enjoyed by the driver. Lyft cofounder Logan Green says that ride-sharing was always part of the Lyft idea. The initial version of Lyft, he explains, was designed to attract an initial customer base “in every market.”

In the market for ride-sharing transportation services, the absence of distinct user needs and the presence of strong network effects explains the fierce rivalry between Uber and Lyft. Each side has ruthlessly poached the other’s drivers by offering referral bounties and cash incentives. Some of the alleged tactics border on the unethical. For example, Lyft has accused Uber of ordering, then cancelling, more than 5,000 rides in order to clog the Lyft service. Uber denied the specific charge. But there’s no doubt that both companies are convinced that only one is likely to survive their rivalry, and that each is determined to do whatever it takes to be the one left standing.23 As we’ve seen, the nature of competition in the world of platforms is very different from that in the world of traditional pipeline businesses.

Julie Bort, “An Airbnb Guest Held a Huge Party in This New York Penthouse and Trashed It,” Business Insider, March 19, 2014, http://www.businessinsider.com/how-an-airbnb-guest-trashed-a-penthouse-2014-3?op=1#ixzz3dA5DDMZz; M. Matthews, “Uber Passenger Says Driver Struck Him with Hammer After He Told Him He Was Going the Wrong Way,” NBC Bay Area, October 8, 2014, http://www.nbcbayarea.com/news/local/Passenger-Hit-with-Hammer-by-Uber-Driver-278596821.html. 47. Airbnb, “Host Protection Insurance,” https://www.airbnb.com/host-protection-insurance, accessed June 15, 2015; A. Cecil, “Uber, Lyft, and Other Rideshare Drivers Now Have Insurance Options,” Policy Genius, https://www.policygenius.com/blog/uber-lyft-and-other-rideshare-drivers-now-have-insurance-options/, accessed June 14, 2015. 48.


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Road to Nowhere: What Silicon Valley Gets Wrong About the Future of Transportation by Paris Marx

2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, A Declaration of the Independence of Cyberspace, Airbnb, An Inconvenient Truth, autonomous vehicles, back-to-the-land, Berlin Wall, Bernie Sanders, bike sharing, Californian Ideology, car-free, carbon credits, carbon footprint, cashless society, clean tech, cloud computing, colonial exploitation, computer vision, congestion pricing, corporate governance, correlation does not imply causation, COVID-19, DARPA: Urban Challenge, David Graeber, deep learning, degrowth, deindustrialization, deskilling, Didi Chuxing, digital map, digital rights, Donald Shoup, Donald Trump, Douglas Engelbart, Douglas Engelbart, driverless car, Elaine Herzberg, Elon Musk, energy transition, Evgeny Morozov, Extinction Rebellion, extractivism, Fairchild Semiconductor, Ford Model T, frictionless, future of work, General Motors Futurama, gentrification, George Gilder, gig economy, gigafactory, global pandemic, global supply chain, Google Glasses, Google X / Alphabet X, green new deal, Greyball, high-speed rail, Hyperloop, independent contractor, Induced demand, intermodal, Jane Jacobs, Jeff Bezos, jitney, John Perry Barlow, Kevin Kelly, knowledge worker, late capitalism, Leo Hollis, lockdown, low interest rates, Lyft, Marc Benioff, market fundamentalism, minimum viable product, Mother of all demos, move fast and break things, Murray Bookchin, new economy, oil shock, packet switching, Pacto Ecosocial del Sur, Peter Thiel, pre–internet, price mechanism, private spaceflight, quantitative easing, QWERTY keyboard, Ralph Nader, Richard Florida, ride hailing / ride sharing, Ronald Reagan, safety bicycle, Salesforce, School Strike for Climate, self-driving car, Sidewalk Labs, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, Silicon Valley startup, smart cities, social distancing, Southern State Parkway, Steve Jobs, Stewart Brand, Stop de Kindermoord, streetcar suburb, tech billionaire, tech worker, techlash, technological determinism, technological solutionism, technoutopianism, the built environment, The Death and Life of Great American Cities, TikTok, transit-oriented development, transportation-network company, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, Unsafe at Any Speed, urban planning, urban renewal, VTOL, walkable city, We are as Gods, We wanted flying cars, instead we got 140 characters, WeWork, Whole Earth Catalog, Whole Earth Review, work culture , Yom Kippur War, young professional

,” Guardian, June 19, 2018, Theguardian.com. 19 “Urban Air Mobility—Closer Than You Think,” Uber, June 27, 2019, YouTube.com. 20 “UBERAIR: Closer Than You Think,” Uber, November 8, 2017, YouTube.com. 21 “Fast-Forwarding to a Future of On-Demand Urban Air Transportation,” white paper from Uber Elevate, October 27, 2016, 62, Uber.com. 22 Elizabeth Rosner, Olivia Bensimon, and David Meyer, “We Pit the Uber Copter Vs. Public Transit in a Race to JFK—Here’s Who Won,” New York Post, October 6, 2019, Nypost.com; Ray Parisi, “Battle of the Airport Commute: CNBC Tests Lyft, Uber Copter, Blade Helicopter and Mass Transit in Race to NYC’s Busiest Airport,” CNBC, August 19, 2018, Cnbc.com. 23 Megan Rose Dickey, “This Is Uber’s Plan to Deliver on Flying ‘Cars,’” TechCrunch, February 10, 2018, Techcrunch.com. 24 Elon Musk, “The Future We’re Building—and Boring,” TED, April 2017, Ted.com. 25 André Gorz, “The Social Ideology of the Motorcar,” Le Sauvage, September–October 1973, Unevenearth.org. 26 Mimi Sheller, Mobility Justice: The Politics of Movement in an Age of Extremes, Verso Books, 2018, pp. 78–9. 7.

In September 2019, the decision was codified into law when California’s state legislature passed Assembly Bill 5, which set a deadline of January 1, 2020, for employers to reclassify their workers—and the emphasis was placed on companies in the gig economy, including Uber and Lyft. January 1 came and went without gig workers’ status changing, but they kept pushing lawmakers to ensure the law was observed. In May 2020, California’s attorney general and the city attorneys for San Francisco, Los Angeles, and San Diego took Uber and Lyft to court for misclassifying their workers, and the following month the PUC ruled that drivers for Uber and Lyft were employees, not contractors. On August 10, a judge ruled that the companies had ten days to reclassify their workers as employees, but at the last minute the ruling was delayed until after the election on November 3.

Part Nine: The 1990s Koch Funded Propaganda Program That Is Uber’s True Origin Story,” Naked Capitalism (blog), March 15, 2017, Naked capitalism.com. 21 Corky Siemaszko, “In the Shadow of Uber’s Rise, Taxi Driver Suicides Leave Cabbies Shaken,” NBC News, June 7, 2018, Nbc news.com. 22 Doug Schifter, Facebook post, February 5, 2018, facebook.com/people/Doug-Schifter/100009072541151. 23 Christine Lagorio-Chafkin, “Resistance Is Futile,” Inc, July–August 2013, Inc.com. 24 Hubert Horan, “Can Uber Ever Deliver? Part One—Understanding Uber’s Bleak Operating Economics,” Naked Capitalism (blog), November 30, 2016, Nakedcapitalism.com. 25 Ibid. 26 Anthony Ha, “California Regulator Passes First Ridesharing Rules, a Big Win for Lyft, Sidecar, and Uber,” TechCrunch, September 19, 2013, Techcrunch.com. 27 Ken Jacobs and Michael Reich, “The Uber/Lyft Ballot Initiative Guarantees Only $5.64 an Hour,” UC Berkeley Labor Center, October 21, 2019, Laborcenter.berkeley.edu. 28 Wilfred Chan, “Can American Labor Survive Prop 22?


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Ghost Road: Beyond the Driverless Car by Anthony M. Townsend

A Pattern Language, active measures, AI winter, algorithmic trading, Alvin Toffler, Amazon Robotics, asset-backed security, augmented reality, autonomous vehicles, backpropagation, big-box store, bike sharing, Blitzscaling, Boston Dynamics, business process, Captain Sullenberger Hudson, car-free, carbon footprint, carbon tax, circular economy, company town, computer vision, conceptual framework, congestion charging, congestion pricing, connected car, creative destruction, crew resource management, crowdsourcing, DARPA: Urban Challenge, data is the new oil, Dean Kamen, deep learning, deepfake, deindustrialization, delayed gratification, deliberate practice, dematerialisation, deskilling, Didi Chuxing, drive until you qualify, driverless car, drop ship, Edward Glaeser, Elaine Herzberg, Elon Musk, en.wikipedia.org, extreme commuting, financial engineering, financial innovation, Flash crash, food desert, Ford Model T, fulfillment center, Future Shock, General Motors Futurama, gig economy, Google bus, Greyball, haute couture, helicopter parent, independent contractor, inventory management, invisible hand, Jane Jacobs, Jeff Bezos, Jevons paradox, jitney, job automation, John Markoff, John von Neumann, Joseph Schumpeter, Kickstarter, Kiva Systems, Lewis Mumford, loss aversion, Lyft, Masayoshi Son, megacity, microapartment, minimum viable product, mortgage debt, New Urbanism, Nick Bostrom, North Sea oil, Ocado, openstreetmap, pattern recognition, Peter Calthorpe, random walk, Ray Kurzweil, Ray Oldenburg, rent-seeking, ride hailing / ride sharing, Rodney Brooks, self-driving car, sharing economy, Shoshana Zuboff, Sidewalk Labs, Silicon Valley, Silicon Valley startup, Skype, smart cities, Smart Cities: Big Data, Civic Hackers, and the Quest for a New Utopia, SoftBank, software as a service, sovereign wealth fund, Stephen Hawking, Steve Jobs, surveillance capitalism, technological singularity, TED Talk, Tesla Model S, The Coming Technological Singularity, The Death and Life of Great American Cities, The future is already here, The Future of Employment, The Great Good Place, too big to fail, traffic fines, transit-oriented development, Travis Kalanick, Uber and Lyft, uber lyft, urban planning, urban sprawl, US Airways Flight 1549, Vernor Vinge, vertical integration, Vision Fund, warehouse automation, warehouse robotics

Most analysts predict that automation will be the decisive turning point in the battle for ride-hail supremacy. That’s why in 2019, even as Uber and Lyft rushed to their initial public offerings, they raced to put working AVs on the streets. Meanwhile, Google sister company Waymo beat them to the punch, quietly launching a massive fleet of 600 self-driving taxis in Phoenix. With up to 20,000 taxibots scheduled to enter service in the next few years, the company could soon be serving up to a million passengers a day by self-driving cab. The day Lyft started trading, its market cap peaked just south of $25 billion. Much-bigger Uber went public a few months later just shy of $100 billion.

Take San Francisco, for instance, ride-hail’s birthplace and the city where people have most eagerly embraced it. By 2016, one-quarter of all vehicle congestion citywide was blamed on Uber and Lyft’s fleets. Fully one-half of the increase in traffic since 2010 was attributed to the ride-hail giants. More alarming than the overall trend were the localized spikes. In the city’s downtown financial district, for instance, Uber and Lyft accounted for a whopping 73 percent of the increased traffic in recent years. Reprogramming mobility had eliminated a decade’s worth of painstaking work by transit agencies, cycling advocates, and walkability planners to reduce auto use.

As one journalist put it, “SoftBank is playing the ride-hailing version of Risk,” the classic board game of global conquest, “but it also owns a piece of all the players.” In North America, SoftBank’s money financed a more costly strategy—a price war of attrition waged against Lyft, Uber’s only substantial competition. In 2019, Uber and Lyft each floated initial public offerings, yet both continued to burn cash at extraordinary speed, spending more than half their current revenue on “driver incentives, passenger discounts, sales, and marketing to acquire passengers and drivers faster than the other.” As Silicon Valley guru Tim O’Reilly argued, the two giants were “locked in a capital-fueled deathmatch.”


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The Cult of We: WeWork, Adam Neumann, and the Great Startup Delusion by Eliot Brown, Maureen Farrell

"World Economic Forum" Davos, activist fund / activist shareholder / activist investor, Adam Neumann (WeWork), Airbnb, AOL-Time Warner, asset light, Bear Stearns, Bernie Madoff, Burning Man, business logic, cloud computing, coronavirus, corporate governance, COVID-19, Didi Chuxing, do what you love, don't be evil, Donald Trump, driverless car, East Village, Elon Musk, financial engineering, Ford Model T, future of work, gender pay gap, global pandemic, global supply chain, Google Earth, Gordon Gekko, greed is good, Greensill Capital, hockey-stick growth, housing crisis, index fund, Internet Archive, Internet of things, Jeff Bezos, John Zimmer (Lyft cofounder), Larry Ellison, low interest rates, Lyft, Marc Benioff, Mark Zuckerberg, Masayoshi Son, Maui Hawaii, Network effects, new economy, PalmPilot, Peter Thiel, pets.com, plant based meat, post-oil, railway mania, ride hailing / ride sharing, Robinhood: mobile stock trading app, rolodex, Salesforce, San Francisco homelessness, Sand Hill Road, self-driving car, sharing economy, Sheryl Sandberg, side hustle, side project, Silicon Valley, Silicon Valley startup, smart cities, Snapchat, SoftBank, software as a service, sovereign wealth fund, starchitect, Steve Jobs, subprime mortgage crisis, super pumped, supply chain finance, Tim Cook: Apple, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, vertical integration, Vision Fund, WeWork, women in the workforce, work culture , Y Combinator, Zenefits, Zipcar

Further afield was the potential investment in the ride-hailing company Lyft. Neumann told his deputies he hoped to buy Lyft, and he met repeatedly with John Zimmer, its president and co-founder, about a possible investment by WeWork. It would have been a rather strange marriage: two aging startups, both bleeding money, with one investing the venture capital dollars it raised from SoftBank into the other. (When Masayoshi Son later found out about the talks, he was furious with Neumann and forced him to shut the discussions down. SoftBank was a backer of Lyft’s rival Uber. Neumann told aides he preferred Lyft, in part because it was still run by its founders.

It quickly became clear that stock market investors didn’t just want a company that showed fast growth. Losses—to the surprise of many in Silicon Valley—were seen as a bad thing. Uber lost $3.8 billion in the twelve months before its IPO, a record for a U.S. startup. Even the far smaller Lyft was a broken water main of cash, losing more than $1 billion in the year before its IPO, a record before Uber. While companies like Uber loved to compare themselves to Amazon, Amazon lost far less in its first decade combined than Uber lost in the year before its IPO. These losses were without precedent. And suddenly they were a black mark. The bankers at JPMorgan and Goldman realized WeWork wouldn’t be immune to the market chill.

Now, however, startups were finding that they could afford to stay private for years longer, thanks to the giant roster of investors trying to get into hot startups. By 2016, Uber was already seven years old, with no defined plans on when to go public. WeWork was six. Airbnb was eight. Staying private meant an easier life for a founder—without the scrutiny one faced from the press and investors over quarterly earnings reports. The lack of scrutiny let problems fester inside these companies. Companies like Uber and Lyft got used to losing money without much concern from their investors. The entire culture of many of these startups was based on revenue growth, not on curtailing excessive spending.


pages: 251 words: 80,831

Super Founders: What Data Reveals About Billion-Dollar Startups by Ali Tamaseb

"World Economic Forum" Davos, 23andMe, additive manufacturing, Affordable Care Act / Obamacare, Airbnb, Anne Wojcicki, asset light, barriers to entry, Ben Horowitz, Benchmark Capital, bitcoin, business intelligence, buy and hold, Chris Wanstrath, clean water, cloud computing, coronavirus, corporate governance, correlation does not imply causation, COVID-19, cryptocurrency, data science, discounted cash flows, diversified portfolio, Elon Musk, Fairchild Semiconductor, game design, General Magic , gig economy, high net worth, hiring and firing, index fund, Internet Archive, Jeff Bezos, John Zimmer (Lyft cofounder), Kickstarter, late fees, lockdown, Lyft, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Max Levchin, Mitch Kapor, natural language processing, Network effects, nuclear winter, PageRank, PalmPilot, Parker Conrad, Paul Buchheit, Paul Graham, peer-to-peer lending, Peter Thiel, Planet Labs, power law, QR code, Recombinant DNA, remote working, ride hailing / ride sharing, robotic process automation, rolodex, Ruby on Rails, Salesforce, Sam Altman, Sand Hill Road, self-driving car, shareholder value, sharing economy, side hustle, side project, Silicon Valley, Silicon Valley startup, Skype, Snapchat, SoftBank, software as a service, software is eating the world, sovereign wealth fund, Startup school, Steve Jobs, Steve Wozniak, survivorship bias, TaskRabbit, telepresence, the payments system, TikTok, Tony Fadell, Tony Hsieh, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, ubercab, web application, WeWork, work culture , Y Combinator

A few months later, in 2012, Zimride held an internal hackathon in an attempt to increase user retention and engagement. The solution they came up with was Lyft. The following year, the company switched its name (and focus) and sold its remaining Zimride assets to Enterprise Rent-A-Car. Lyft and Sidecar, competing with each other, gained a lot of traction in San Francisco. They proved that consumers were willing to jump in an unlicensed taxi to go from point A to B (Uber’s black cars were licensed). At this point, Uber had raised $11 million from VCs, Zimride/Lyft had raised $6 million, and Sidecar had raised $10 million. When Lyft and Sidecar became popular, Uber realized the larger opportunity afforded by the gig economy, transitioned from the luxury service to the affordable service, and launched UberX.

Most importantly, they couldn’t raise as much capital as Uber and Lyft did. “We were unable to compete against Uber, a company that raised more capital than any other in history and is infamous for its anti-competitive behavior,” said Sidecar’s CEO, Sunil Paul. “The legacy of Sidecar is that we out-innovated Uber but still failed to win the market. We failed—for the most part—because Uber is willing to win at any cost and they have practically limitless capital to do it.”6 Sidecar shut down operations on New Year’s Eve in 2015, and General Motors acquired its remaining assets and intellectual property. Uber went on to raise billions of dollars to become the dominant force in the ridesharing industry.

Uber went on to raise billions of dollars to become the dominant force in the ridesharing industry. Today, Lyft and Uber have raised billions of dollars from investors in public and private markets. Despite its lower sales and market share, Lyft has remained persistent over the last ten years, establishing itself as a more ethical alternative to Uber, which has suffered a long list of scandals and controversies. The two companies also perform differently by location, with Lyft seeing more success in cities like Detroit and San Francisco, while Uber outperforms in Miami and Houston. Neither company has turned a profit—likely because of intense price competition with one another.


pages: 363 words: 109,077

The Raging 2020s: Companies, Countries, People - and the Fight for Our Future by Alec Ross

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, Affordable Care Act / Obamacare, air gap, air traffic controllers' union, Airbnb, Albert Einstein, An Inconvenient Truth, autonomous vehicles, barriers to entry, benefit corporation, Bernie Sanders, Big Tech, big-box store, British Empire, call centre, capital controls, clean water, collective bargaining, computer vision, coronavirus, corporate governance, corporate raider, COVID-19, deep learning, Deng Xiaoping, Didi Chuxing, disinformation, Dissolution of the Soviet Union, Donald Trump, Double Irish / Dutch Sandwich, drone strike, dumpster diving, employer provided health coverage, Francis Fukuyama: the end of history, future of work, general purpose technology, gig economy, Gini coefficient, global supply chain, Goldman Sachs: Vampire Squid, Gordon Gekko, greed is good, high-speed rail, hiring and firing, income inequality, independent contractor, information security, intangible asset, invisible hand, Jeff Bezos, knowledge worker, late capitalism, low skilled workers, Lyft, Marc Andreessen, Marc Benioff, mass immigration, megacity, military-industrial complex, minimum wage unemployment, mittelstand, mortgage tax deduction, natural language processing, Oculus Rift, off-the-grid, offshore financial centre, open economy, OpenAI, Parag Khanna, Paris climate accords, profit motive, race to the bottom, RAND corporation, ride hailing / ride sharing, Robert Bork, rolodex, Ronald Reagan, Salesforce, self-driving car, shareholder value, side hustle, side project, Silicon Valley, smart cities, Social Responsibility of Business Is to Increase Its Profits, sovereign wealth fund, sparse data, special economic zone, Steven Levy, stock buybacks, strikebreaker, TaskRabbit, tech bro, tech worker, transcontinental railway, transfer pricing, Travis Kalanick, trickle-down economics, Uber and Lyft, uber lyft, union organizing, Upton Sinclair, vertical integration, working poor

By March 25, 2019, Rideshare Drivers United: Alexia Fernández Campbell, “Thousands of Uber Drivers Are Striking in Los Angeles,” Vox, March 25, 2019, https://www.vox.com/2019/3/25/18280718/uber-lyft-drivers-strike-la-los-angeles; Bryce Covert, “‘It’s Not Right’: Why Uber and Lyft Drivers Went on Strike,” Vox, May 9, 2019, https://www.vox.com/the-goods/2019/5/9/18538206/uber-lyft-strike-demands-ipo. On May 8, 2019, days before Uber: Covert, “Why Uber and Lyft Drivers Went on Strike,” https://www.vox.com/the-goods/2019/5/9/18538206/uber-lyft-strike-demands-ipo; Ben Chapman, “Uber Drivers in UK Cities Go on Strike in Protest over Pay and Workers’ Rights,” Independent, May 7, 2019, https://www.independent.co.uk/news/business/news/uber-drivers-strike-london-birmingham-glasgow-nottingham-pay-rights-a8898791.html.

On August 22, 2017, more than one hundred: Marie Targonski-O’Brien, “Uber, Lyft Drivers Crowd LAX, Protest Low Pay,” KCET, August 22, 2017, https://www.kcet.org/shows/socal-connected/uber-lyft-drivers-crowd-lax-protest-low-pay. Between 2013 and 2017: “The Online Platform Economy in 2018: Drivers, Workers, Sellers, and Lessors,” JPMorgan Chase & Co. Institute, April 2019, https://institute.jpmorganchase.com/institute/research/labor-markets/report-ope-2018.htm. “Most of us as drivers”: Targonski-O’Brien, “Uber, Lyft Drivers Crowd LAX, Protest Low Pay,” https://www.kcet.org/shows/socal-connected/uber-lyft-drivers-crowd-lax-protest-low-pay.

On May 8, 2019, days before Uber: Covert, “Why Uber and Lyft Drivers Went on Strike,” https://www.vox.com/the-goods/2019/5/9/18538206/uber-lyft-strike-demands-ipo; Ben Chapman, “Uber Drivers in UK Cities Go on Strike in Protest over Pay and Workers’ Rights,” Independent, May 7, 2019, https://www.independent.co.uk/news/business/news/uber-drivers-strike-london-birmingham-glasgow-nottingham-pay-rights-a8898791.html. On May 10, its first day: Lucinda Shen, “Uber Is One of the Worst Performing IPOs Ever,” Fortune, May 10, 2019, https://fortune.com/2019/05/10/uber-ipo-worst-performing-percentage/; Danielle Abril, “Lyft Stock Tumbles Two Days after Its IPO,” Fortune, April 1, 2019, https://fortune.com/2019/04/01/lyft-stock-drops-after-ipo/. There are real changes that can be enacted: Rideshare Drivers United homepage, accessed May 21, 2020, https://drivers-united.org/. Uber has more than 3.9 million drivers: “Company Info,” Uber, accessed May 21, 2020, https://www.uber.com/newsroom/company-info/; Steve Minter, “Who Are the World’s Biggest Employers?”


pages: 472 words: 80,835

Life as a Passenger: How Driverless Cars Will Change the World by David Kerrigan

3D printing, Airbnb, airport security, Albert Einstein, autonomous vehicles, big-box store, Boeing 747, butterfly effect, call centre, car-free, Cesare Marchetti: Marchetti’s constant, Chris Urmson, commoditize, computer vision, congestion charging, connected car, DARPA: Urban Challenge, data science, deep learning, DeepMind, deskilling, disruptive innovation, Donald Shoup, driverless car, edge city, Elon Musk, en.wikipedia.org, fake news, Ford Model T, future of work, General Motors Futurama, hype cycle, invention of the wheel, Just-in-time delivery, Lewis Mumford, loss aversion, Lyft, Marchetti’s constant, Mars Rover, megacity, Menlo Park, Metcalfe’s law, Minecraft, Nash equilibrium, New Urbanism, QWERTY keyboard, Ralph Nader, RAND corporation, Ray Kurzweil, ride hailing / ride sharing, Rodney Brooks, Sam Peltzman, self-driving car, sensor fusion, Silicon Valley, Simon Kuznets, smart cities, Snapchat, Stanford marshmallow experiment, Steve Jobs, technological determinism, technoutopianism, TED Talk, the built environment, Thorstein Veblen, traffic fines, transit-oriented development, Travis Kalanick, trolley problem, Uber and Lyft, Uber for X, uber lyft, Unsafe at Any Speed, urban planning, urban sprawl, warehouse robotics, Yogi Berra, young professional, zero-sum game, Zipcar

Uber CEO Travis Kalanick believes that driverless cars pose an existential risk to Uber,[117] and they are working hard to catch up with others in the area. Their big fear is that if someone else develops driverless cars first and launches a fleet of vehicles, they would be able to offer rides at a fraction of the cost that Uber charge, where the bulk of the ride cost is the cost of the driver. In May 2017, Uber’s biggest rival in the US, Lyft, announced a partnership with Waymo, just as Waymo and Uber were embroiled in a legal battle over Intellectual Property concerning LiDAR.[118] Baidu China's top online search firm Baidu said in 2015 it aims to put self-driving vehicles on the road in three years and mass produce them within five years, after it set up a business unit to oversee all its efforts related to automobiles.[119] In a surprise follow up announcement, Baidu revealed it would make its driverless cars technology, including its vehicle platform, hardware platform, software platform and cloud data services, freely available to others, particularly car manufacturers, to develop autonomous vehicles.[120] A Baidu driverless car prototype.

The new player in the mix of urban life is cars on demand, either on a trip basis with a driver with a service like Uber or Lyft, or on a usage basis - with a service like Zipcar - essentially rental by the hour or by subscription. Taxis have long been a popular way to get around when driving yourself doesn’t suit or isn’t possible. But the modernisation of taxis via the smartphone has given the concept a new lease of life. As of May 2017, leading on-demand provider Uber operates in over 580 cities and saw over $20 billion of bookings in 12 months. Rival company Lyft provides over 20 million rides per month. Ride sharing is currently responsible for about 4 percent of the miles traveled by car globally and Morgan Stanley believe the number will be nearly 30 percent by the year 2030.[59] We’ll look at ownership and its alternatives in more detail in Chapter 5.

A January 2013 Columbia University study[176] suggested that with a fleet of just 9,000 autonomous cars, Uber could replace every taxicab in New York City, and that passengers would wait an average of 36 seconds for a ride that costs about $0.50 per mile. Such convenience and low cost would make car ownership a dubious financial choice. A 2010 report from UC Berkeley’s Transportation Sustainability Research Center[177] found that one car-share vehicle could remove 9 to 13 vehicles from the road, either because households decided to ditch their personal automobile or significantly delay the purchase of one. One survey suggests that every car added to the fleets of Uber and Lyft leads to 32 fewer car sales, meaning potential “lost sales” by 2020 of over 1 million cars.[178] While that only looks at changes in car purchasing in selected urban areas, and doesn’t take account of any changing usage patterns, brought about by driverless cars, that might increase VMT, it is enough to make car manufacturers sit up and take notice.


pages: 524 words: 154,652

Blood in the Machine: The Origins of the Rebellion Against Big Tech by Brian Merchant

"World Economic Forum" Davos, Ada Lovelace, algorithmic management, Amazon Mechanical Turk, Any sufficiently advanced technology is indistinguishable from magic, autonomous vehicles, basic income, Bernie Sanders, Big Tech, big-box store, Black Lives Matter, Cambridge Analytica, Charles Babbage, ChatGPT, collective bargaining, colonial rule, commoditize, company town, computer age, computer vision, coronavirus, cotton gin, COVID-19, cryptocurrency, DALL-E, decarbonisation, deskilling, digital rights, Donald Trump, Edward Jenner, Elon Musk, Erik Brynjolfsson, factory automation, flying shuttle, Frederick Winslow Taylor, fulfillment center, full employment, future of work, George Floyd, gig economy, gigafactory, hiring and firing, hockey-stick growth, independent contractor, industrial robot, information asymmetry, Internet Archive, invisible hand, Isaac Newton, James Hargreaves, James Watt: steam engine, Jeff Bezos, Jessica Bruder, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, Kevin Roose, Kickstarter, Lyft, Mark Zuckerberg, Marshall McLuhan, means of production, military-industrial complex, move fast and break things, Naomi Klein, New Journalism, On the Economy of Machinery and Manufactures, OpenAI, precariat, profit motive, ride hailing / ride sharing, Sam Bankman-Fried, scientific management, Second Machine Age, self-driving car, sharing economy, Silicon Valley, sovereign wealth fund, spinning jenny, Steve Jobs, Steve Wozniak, super pumped, TaskRabbit, tech billionaire, tech bro, tech worker, techlash, technological determinism, Ted Kaczynski, The Future of Employment, The Wealth of Nations by Adam Smith, Thomas Malthus, Travis Kalanick, Uber and Lyft, uber lyft, union organizing, universal basic income, W. E. B. Du Bois, warehouse automation, warehouse robotics, working poor, workplace surveillance

It was late into the evening on Election Night, November 2020, and drivers who had organized to try to stop the passage of California’s Prop 22—which would keep them from being classified as employees, prevent them from obtaining benefits, and bar them from organizing—were gathered online to watch the results come in. “It’s not looking good,” said Nicole Moore, Uber driver, organizer, and president of Rideshare Drivers United, a Los Angeles–based association that advocates for ride-hail drivers. She was stating the obvious: anything short of a miracle and the proposition, backed by a record $200 million campaign by Uber, Lyft, DoorDash, and InstaCart, would pass into law. It had been a whiplash decade for the world of on-demand app work. In the early 2010s, the wages had started out relatively high, the schedules flexible, the gigs interesting, as Uber and Lyft and their ilk actively sought to attract workers to the platform.

In the early 2010s, the wages had started out relatively high, the schedules flexible, the gigs interesting, as Uber and Lyft and their ilk actively sought to attract workers to the platform. But the reason pay was so high, it turned out, was that the start-ups were juiced by war chests of venture capital that backed the app companies as they cornered key markets. Uber succeeded in persuading livery cab drivers to switch to the platform, signed them up by the thousands, and encroached aggressively on taxi drivers’ turf. After Uber had a foothold, the wages fell. Uber, Lyft, InstaCart, and DoorDash have never been continuously profitable, despite their astronomical valuations and continued waves of investment. In order to claw their way toward a positive cash flow after a decade of operating, they started slashing pay.

Their story is not unlike that of the nineteenth-century stockingers, on multiple levels. Many stockingers had to rent their frames from the master hosiers, while many Uber drivers have to rent their cars from Uber—the machine owner gets paid twice so that the worker might have the benefit of working. Both stockingers and drivers, in many cases, have barely enough left over to pay for food and shelter when the day was done. So, some of Uber and Lyft’s most dedicated drivers began organizing. They shared tips and strategies on Reddit and online message boards, undertook informal efforts like coordinating with each other to decline rides at a given location until the app’s algorithm offered them fairer prices, and formed groups like Gig Workers Rising and Rideshare Drivers United.


pages: 308 words: 85,880

How to Fix the Future: Staying Human in the Digital Age by Andrew Keen

"World Economic Forum" Davos, 23andMe, Ada Lovelace, Affordable Care Act / Obamacare, Airbnb, Albert Einstein, AlphaGo, Andrew Keen, Apple's 1984 Super Bowl advert, augmented reality, autonomous vehicles, basic income, Bernie Sanders, Big Tech, bitcoin, Black Swan, blockchain, Brewster Kahle, British Empire, carbon tax, Charles Babbage, computer age, Cornelius Vanderbilt, creative destruction, crowdsourcing, data is the new oil, death from overwork, DeepMind, Demis Hassabis, Didi Chuxing, digital capitalism, digital map, digital rights, disinformation, don't be evil, Donald Trump, driverless car, Edward Snowden, Elon Musk, Erik Brynjolfsson, European colonialism, fake news, Filter Bubble, Firefox, fulfillment center, full employment, future of work, gig economy, global village, income inequality, independent contractor, informal economy, Internet Archive, Internet of things, invisible hand, Isaac Newton, James Watt: steam engine, Jane Jacobs, Jaron Lanier, Jeff Bezos, jimmy wales, job automation, Joi Ito, Kevin Kelly, knowledge economy, Lyft, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Marshall McLuhan, Menlo Park, Mitch Kapor, move fast and break things, Network effects, new economy, Nicholas Carr, Norbert Wiener, OpenAI, Parag Khanna, peer-to-peer, Peter Thiel, plutocrats, post-truth, postindustrial economy, precariat, Ralph Nader, Ray Kurzweil, Recombinant DNA, rent-seeking, ride hailing / ride sharing, Rutger Bregman, Salesforce, Sam Altman, Sand Hill Road, Second Machine Age, self-driving car, sharing economy, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, Silicon Valley startup, Skype, smart cities, Snapchat, social graph, software is eating the world, Stephen Hawking, Steve Jobs, Steve Wozniak, subscription business, surveillance capitalism, Susan Wojcicki, tech baron, tech billionaire, tech worker, technological determinism, technoutopianism, The Future of Employment, the High Line, the new new thing, Thomas L Friedman, Tim Cook: Apple, Travis Kalanick, Triangle Shirtwaist Factory, Uber and Lyft, Uber for X, uber lyft, universal basic income, Unsafe at Any Speed, Upton Sinclair, urban planning, WikiLeaks, winner-take-all economy, Y Combinator, Yogi Berra, Zipcar

Tim Harford, “An Economist’s Dreams of a Fairer Gig Economy,” Financial Times, December 20, 2015. 44. Nick Wingfield and Mike Isaac, “Seattle Will Allow Uber and Lyft Drivers to Form Unions,” New York Times, December 14, 2015. 45. Chris Johnston, “Uber Drivers Win Key Employment Case,” BBC News, October 28, 2016. 46. Jessica Floum, “Uber Settles Lawsuit with SF, LA over Driver Background Checks,” San Francisco Chronicle, April 7, 2016. 47. Rich Jervis, “Austin Voters Reject Uber, Lyft Plan for Self-Regulation,” USA Today, May 8, 2016. 48. Sam Levin, “Elizabeth Warren Takes on Airbnb, Urging Scrutiny of Large-Scale Renters,” Guardian, July 13, 2016. 49.

Yes, the drivers don’t have to commit all their time to Uber, but then Uber isn’t committing anything to the drivers either. This is emblematic of an increasingly unequal economy where, in truth, multibillion-dollar start-ups like Uber and Lyft share none of their stratospheric value with their workers. Indeed, a July 2017 report about the gig economy by the British MP Frank Field alleges that some self-employed UK drivers are earning only £2.50 an hour working for sharing economy companies like Parcelforce and webuyanycar.com.30 “In reality, there is no utopia at companies like Uber, Lyft, Instacart and Handy, whose workers are often manipulated into working long hours for low wages while continually chasing the next ride or task,” that 2017 New York Times editorial argues.31 Or, as the New Yorker staff writer Jia Tolentino bluntly put it, commenting on the cult of work celebrated by on-demand companies such as the freelance marketplace Fiverr, “The gig economy celebrates working yourself to death.”32 My own experience as a heavy Uber user chimes with these conclusions.

Chantel McGee, “Only 4 Percent of Uber Drivers Remain on the Platform a Year Later, Says Report,” CNBC, April 20, 2017. 34. More, Utopia, 82. 35. Hannah Levintova, “Meet ‘Sledgehammer Shannon,’ the Lawyer Who Is Uber’s Worst Nightmare,” Mother Jones, December 30, 2015. 36. Kapp, “Uber’s Worst Nightmare.” 37. Barney Jopeson and Leslie Hook, “Warren Lashes Out Against Uber and Lyft,” Financial Times, May 19, 2016. 38. Ellen Huet, “What Really Killed Homejoy? It Couldn’t Hold On to Its Customers,” Forbes, July 23, 2015. 39. Carmel Deamicis, “Homejoy Shuts Down After Battling Worker Classification Lawsuits,” Recode, July 17, 2015. 40. Anna Louie Sussman and Josh Zumbrun, “Gig Economy Spreads Broadly,” Wall Street Journal, March 26–27, 2016. 41.


pages: 285 words: 86,853

What Algorithms Want: Imagination in the Age of Computing by Ed Finn

Airbnb, Albert Einstein, algorithmic bias, algorithmic management, algorithmic trading, AlphaGo, Amazon Mechanical Turk, Amazon Web Services, bitcoin, blockchain, business logic, Charles Babbage, Chuck Templeton: OpenTable:, Claude Shannon: information theory, commoditize, Computing Machinery and Intelligence, Credit Default Swap, crowdsourcing, cryptocurrency, data science, DeepMind, disruptive innovation, Donald Knuth, Donald Shoup, Douglas Engelbart, Douglas Engelbart, Elon Musk, Evgeny Morozov, factory automation, fiat currency, Filter Bubble, Flash crash, game design, gamification, Google Glasses, Google X / Alphabet X, Hacker Conference 1984, High speed trading, hiring and firing, Ian Bogost, industrial research laboratory, invisible hand, Isaac Newton, iterative process, Jaron Lanier, Jeff Bezos, job automation, John Conway, John Markoff, Just-in-time delivery, Kickstarter, Kiva Systems, late fees, lifelogging, Loebner Prize, lolcat, Lyft, machine readable, Mother of all demos, Nate Silver, natural language processing, Neal Stephenson, Netflix Prize, new economy, Nicholas Carr, Nick Bostrom, Norbert Wiener, PageRank, peer-to-peer, Peter Thiel, power law, Ray Kurzweil, recommendation engine, Republic of Letters, ride hailing / ride sharing, Satoshi Nakamoto, self-driving car, sharing economy, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, Silicon Valley startup, SimCity, Skinner box, Snow Crash, social graph, software studies, speech recognition, statistical model, Steve Jobs, Steven Levy, Stewart Brand, supply-chain management, tacit knowledge, TaskRabbit, technological singularity, technological solutionism, technoutopianism, the Cathedral and the Bazaar, The Coming Technological Singularity, the scientific method, The Signal and the Noise by Nate Silver, The Structural Transformation of the Public Sphere, The Wealth of Nations by Adam Smith, transaction costs, traveling salesman, Turing machine, Turing test, Uber and Lyft, Uber for X, uber lyft, urban planning, Vannevar Bush, Vernor Vinge, wage slave

Figure 4.1: Cow Clicker Screenshot. Courtesy of Ian Bogost, http://bogost.com/games/cow_clicker/. Figure 4.2: The cartoon maps Uber provides for its drivers and passengers via the Google Play Store. Figure 4.3: Uber’s homepage offers a message of simultaneous elitism and equality (image from July 2014). Source: Uber, http://mascola.com/insights/ubers-lost-positoning-luxury-car-service/. Figure 4.4: Lyft advertising takes a very different tack from Uber. Source: http://www.adweek.com/news/technology/lyft-hopes-accelerate-first-integrated-ad-campaign-159619. Figure 4.5: Amazon Mechanical Turk Interface for Managing Workers. © 2016, Amazon Web Services, Inc. or its affiliates.

The company only recently abandoned its directive that drivers festoon their cars with quirky pink moustaches, and many drivers still assume passengers will sit companionably in the front seat, rather than the rear. Figure 4.4 Lyft advertising takes a very different tack from Uber. For companies like Lyft and more deliberately intimate interface layer systems like the dating app Tindr, the “sharing economy” is not about money at all, but about that experience of companionship. If these business models are founded on exploiting certain kinds of alienated labor and attention, their customer experience promises relief from that alienation. Even as Uber and Lyft collect their invisible commissions on unseen transactions, the affective experience is one of a specially branded community.

“Radio 4 Revives Hitchhiker’s Game,” 4. 32. Belsky, “The Interface Layer.” 33. Kleinman, “You’re Allowed to Tip Your Uber Driver (and Maybe You Should)”; “Do I Need to Tip My Driver?” 34. Knack, “Pay As You Park.” 35. Stein, “Baby, You Can Drive My Car.” 36. Lawler, “Lyft-Off.” 37. See an extensive list of such incidents at: “The Comprehensive List of Uber Incidents, Assaults and Accusations.” 38. Wortham, “Ubering While Black”; Rivoli, Marcius, and Greene, “Taxi Driver Fined $25K for Refusing Ride to Black Family.” 39. Wortham, “Ubering While Black.” 40. Sandvig, “Seeing the Sort: The Aesthetic and Industrial Defense of ‘The Algorithm.’” 41.


pages: 282 words: 81,873

Live Work Work Work Die: A Journey Into the Savage Heart of Silicon Valley by Corey Pein

"World Economic Forum" Davos, 23andMe, 4chan, affirmative action, Affordable Care Act / Obamacare, Airbnb, Amazon Mechanical Turk, Anne Wojcicki, artificial general intelligence, bank run, barriers to entry, Benevolent Dictator For Life (BDFL), Bernie Sanders, Big Tech, bitcoin, Bitcoin Ponzi scheme, Build a better mousetrap, California gold rush, cashless society, colonial rule, computer age, cryptocurrency, data is the new oil, deep learning, digital nomad, disruptive innovation, Donald Trump, Douglas Hofstadter, driverless car, Elon Musk, Evgeny Morozov, Extropian, fail fast, fake it until you make it, fake news, gamification, gentrification, gig economy, Google bus, Google Glasses, Google X / Alphabet X, Greyball, growth hacking, hacker house, Hacker News, hive mind, illegal immigration, immigration reform, independent contractor, intentional community, Internet of things, invisible hand, Isaac Newton, Jeff Bezos, job automation, Kevin Kelly, Khan Academy, Larry Ellison, Law of Accelerating Returns, Lean Startup, life extension, Lyft, Mahatma Gandhi, Marc Andreessen, Mark Zuckerberg, Menlo Park, minimum viable product, move fast and break things, mutually assured destruction, Neal Stephenson, obamacare, Parker Conrad, passive income, patent troll, Patri Friedman, Paul Graham, peer-to-peer lending, Peter H. Diamandis: Planetary Resources, Peter Thiel, platform as a service, plutocrats, Ponzi scheme, post-work, public intellectual, Ray Kurzweil, regulatory arbitrage, rent control, RFID, Robert Mercer, rolodex, Ronald Reagan, Ross Ulbricht, Ruby on Rails, Sam Altman, Sand Hill Road, Scientific racism, self-driving car, selling pickaxes during a gold rush, sharing economy, side project, Silicon Valley, Silicon Valley billionaire, Silicon Valley startup, Singularitarianism, Skype, Snapchat, Social Justice Warrior, social software, software as a service, source of truth, South of Market, San Francisco, Startup school, stealth mode startup, Steve Bannon, Steve Jobs, Steve Wozniak, TaskRabbit, tech billionaire, tech bro, tech worker, TechCrunch disrupt, technological singularity, technoutopianism, telepresence, too big to fail, Travis Kalanick, tulip mania, Tyler Cowen, Uber for X, uber lyft, ubercab, unit 8200, upwardly mobile, Vernor Vinge, vertical integration, Virgin Galactic, X Prize, Y Combinator, Zenefits

Here again Uber pointed the way. The company had run an ingeniously underhanded dirty tricks campaign against its largest rival, Lyft, by ordering, then canceling, thousands of rides. The hope was that Lyft’s drivers, frustrated by the cancellations, would come work for Uber. Then there was Operation SLOG—“Supplying Long-term Operations Growth”—a “marketing program” revealed by the Verge that involved undercover recruiters equipped with “burner phones, credit cards, and driver kits,” charged with hailing rides on Lyft and then persuading the drivers to defect to Uber. “Not only does Uber know about this, they’re actively encouraging these actions day to day and, in doing so, are flat-out lying both to their customers, the media, and their investors,” one whistleblower told the Verge.

I sought to apply proven methods of corporate subversion to a market that was woefully neglected by established players in the tech industry. The idea was so simple, I was surprised it hadn’t been done yet. If Uber could use stealthy labor-organizing-style tactics in its campaign to poach drivers from Lyft, why shouldn’t Lyft retaliate by covertly funding an actual employee union drive at Uber? Come to think of it, why shouldn’t any company that wanted to gain an edge over a competitor do this? It made intuitive sense on a business level, especially given how focused most American companies were on near-term results.

The spurious notion Jill Lepore, “The Disruption Machine,” New Yorker, June 23, 2014; Samantha Murphy, “Facebook Changes Its ‘Move Fast and Break Things’ Motto,” April 30, 2014, mashable.com; Katy Waldman, “Let’s Break Shit: A Short History of Silicon Valley’s Favorite Phrase,” December 5, 2014, slate.com. No More Woof Marc Lallanilla, “Speak, Fido: Device Promises Dog Translations,” January 3, 2014, livescience.com. Here again Uber pointed the way Erica Fink, “Uber’s Dirty Tricks Quantified: Rival Counts 5,560 Canceled Rides,” August 12, 2014, cnn.com. Operation SLOG Casey Newton, “This Is Uber’s Playbook for Sabotaging Lyft,” August 26, 2014, theverge.com. launched with $50 million in cash Amy Schatz, “Pressing Fwd.us: How Silicon Valley’s $50 Million Bet on Immigration Stalled,” October 15, 2014, recode.net. spent nearly $2 million on lobbying Senate Office of Public Records via opensecrets.org.


pages: 285 words: 58,517

The Network Imperative: How to Survive and Grow in the Age of Digital Business Models by Barry Libert, Megan Beck

active measures, Airbnb, Amazon Web Services, asset allocation, asset light, autonomous vehicles, big data - Walmart - Pop Tarts, business intelligence, call centre, Clayton Christensen, cloud computing, commoditize, crowdsourcing, data science, disintermediation, diversification, Douglas Engelbart, Douglas Engelbart, future of work, Google Glasses, Google X / Alphabet X, independent contractor, Infrastructure as a Service, intangible asset, Internet of things, invention of writing, inventory management, iterative process, Jeff Bezos, job satisfaction, John Zimmer (Lyft cofounder), Kevin Kelly, Kickstarter, Larry Ellison, late fees, Lyft, Mark Zuckerberg, Mary Meeker, Oculus Rift, pirate software, ride hailing / ride sharing, Salesforce, self-driving car, sharing economy, Silicon Valley, Silicon Valley startup, six sigma, software as a service, software patent, Steve Jobs, subscription business, systems thinking, TaskRabbit, Travis Kalanick, uber lyft, Wall-E, women in the workforce, Zipcar

Daniel Ammann, GM’s president, said, “We think there’s going to be more change in the world of mobility in the next five years than there has been in the last 50,” and GM is getting ready for that change.1 From that perspective, Lyft is an excellent partner who will help GM turn their views of the market upside down. Lyft’s president John Zimmer stated, “We strongly believe that autonomous vehicle go-to-market strategy is through a network, not through individual car ownership.” According to executives at both GM and Lyft, they will start work on developing a network of self-driving vehicles—a challenge to Google, Tesla, and Uber, which are also devoting resources to this innovation.2 Openness Makes Space for Ongoing Change Will GM’s self-driving-car aspiration create value for the firm? Will its investment in Lyft lead to automotive leadership in ten years?

For example, Yelp, Facebook, LinkedIn, TripAdvisor, and Pinterest depend entirely on intangible contributions from the network. Other network companies access the physical assets of the network, such as Uber making use of customers’ cars, or Airbnb making use of customers’ real estate. The task of managing external assets, however, is entirely different from managing those owned by your firm. To maintain and grow access to a network’s assets, you must carefully manage the sentiment and engagement of the network itself. If Uber doesn’t keep its drivers happy, there are other ride-sharing networks such as Lyft and Sidecar ready to take them into the fold. Let’s reflect on your organization and pinpoint where you lie on the spectrum from tangible to intangible.

—Mark Fields, CEO, Ford Motor Company VISUALIZING YOUR ORGANIZATION AS A DIGITAL NETWORK, even in a small portion of the business, is a similar leap to the one made fifteen or more years ago by every great leader telling her teams and boards, “We need to get our organization online.” Most people did not know what that meant, but the best made the leap. To be sure, every industry is undergoing a change, including those grounded in physical assets—transportation and lodging. You’ve heard of Uber, and probably Lyft, and maybe even their car-sharing grandparent Zipcar—not to mention Getaround, RelayRides, Greenwheels, GoCar, and many more. Car sharing and driving-as-a-service are available in more than a thousand cities around the world. The accessibility and convenience of these options are a threat to the car industry as well as the taxi and limousine industries, as millennials seem happy to get around without either a driver’s license or car ownership.


pages: 205 words: 71,872

Whistleblower: My Journey to Silicon Valley and Fight for Justice at Uber by Susan Fowler

"Susan Fowler" uber, Airbnb, Albert Einstein, Big Tech, Burning Man, cloud computing, data science, deep learning, DevOps, Donald Trump, Elon Musk, end-to-end encryption, fault tolerance, Grace Hopper, Higgs boson, Large Hadron Collider, Lyft, Maui Hawaii, messenger bag, microservices, Mitch Kapor, Richard Feynman, ride hailing / ride sharing, self-driving car, Silicon Valley, TechCrunch disrupt, Travis Kalanick, Uber for X, uber lyft, work culture

I was constantly daydreaming about working somewhere that had a real impact on the world, at a company where people were excited to come into work and passionate about solving problems, a company that had an HR department, a company where my manager wouldn’t say inappropriate things to me and joke about reading my personal text messages. And I wondered if this job at Uber could end up being more than just a job, if it could be the beginning of a real career in engineering. While I counted down the days until my interview, I asked more Uber drivers about their experiences. I tried to pry from them the worst, most awful things they’d experienced or seen, but the worst thing they ever said about driving for Uber was that they were worried the company would cut fare prices to stay competitive with Lyft, its rival. * * * — Uber’s corporate headquarters was located at 1455 Market Street, a building it shared with Square and several other companies, but that wasn’t its only office in San Francisco.

This time I pushed them even harder than I had before, asking them if they knew any other drivers who were having bad experiences. But they were universally positive and said the same thing I’d heard before: fares were down because of intense competition with Lyft, but they were sure Uber would bring them back up; in general, they liked driving for Uber. Feeling reassured, I put aside my wariness about the Project Euler and equity incidents and accepted the job. * * * — I was one of the first new employees to show up at Uber’s headquarters on orientation day, November 30, 2015. I walked into 1455, stopped at one of the lobby desks to obtain a temporary badge, and made my way up in the elevator.

Amid the chaos, taxi drivers in New York City went on strike, refusing to pick up passengers from Kennedy Airport in protest against the ban. Drivers for Lyft joined them in solidarity. Uber, however, didn’t participate in the strike. There was an uproar, and the #DeleteUber hashtag began to trend on Twitter. In the early days of #DeleteUber, an estimated 200,000 users deleted their accounts—a number that continued to grow as Twitter and the media covered Uber’s connections to the Trump administration. Alongside other CEOs like Elon Musk, Travis Kalanick had joined Trump’s economic advisory council shortly after the election; now, in light of the Muslim ban, Uber’s employees and customers were pressuring him to resign.


Virtual Competition by Ariel Ezrachi, Maurice E. Stucke

"World Economic Forum" Davos, Airbnb, Alan Greenspan, Albert Einstein, algorithmic management, algorithmic trading, Arthur D. Levinson, barriers to entry, behavioural economics, cloud computing, collaborative economy, commoditize, confounding variable, corporate governance, crony capitalism, crowdsourcing, Daniel Kahneman / Amos Tversky, David Graeber, deep learning, demand response, Didi Chuxing, digital capitalism, disintermediation, disruptive innovation, double helix, Downton Abbey, driverless car, electricity market, Erik Brynjolfsson, Evgeny Morozov, experimental economics, Firefox, framing effect, Google Chrome, independent contractor, index arbitrage, information asymmetry, interest rate derivative, Internet of things, invisible hand, Jean Tirole, John Markoff, Joseph Schumpeter, Kenneth Arrow, light touch regulation, linked data, loss aversion, Lyft, Mark Zuckerberg, market clearing, market friction, Milgram experiment, multi-sided market, natural language processing, Network effects, new economy, nowcasting, offshore financial centre, pattern recognition, power law, prediction markets, price discrimination, price elasticity of demand, price stability, profit maximization, profit motive, race to the bottom, rent-seeking, Richard Thaler, ride hailing / ride sharing, road to serfdom, Robert Bork, Ronald Reagan, search costs, self-driving car, sharing economy, Silicon Valley, Skype, smart cities, smart meter, Snapchat, social graph, Steve Jobs, sunk-cost fallacy, supply-chain management, telemarketer, The Chicago School, The Myth of the Rational Market, The Wealth of Nations by Adam Smith, too big to fail, transaction costs, Travis Kalanick, turn-by-turn navigation, two-sided market, Uber and Lyft, Uber for X, uber lyft, vertical integration, Watson beat the top human players on Jeopardy!, women in the workforce, yield management

Sarah Ashley O’Brien, “NYC Uber Drivers Protest Rate Cuts,” CNN Money (February 1, 2016), http://money.cnn.com/2016/02/01/technology/uber-nyc -protest/index.html?sr =twCNN020116uber-nyc-protest0317PMVODtopPhoto &linkId=20849630; Lyft, Nashville Drivers Make Up to $6000/Month Driving Your Car, https://www.lyft.com/drive-for-lyft?im=& inc= 6000& t=month &kw=Nashville%20Drivers& utm _ source =bing& utm _medium= search& utm _campaign=Driver_BNA _v2 _ Search _Brand _ All_Lyft& utm _term=lyft%20 com%20driver&adgroup =lyft _driver&device = c& matchtype =b. Uber, “Dynamic Pricing 101 | Uber,” YouTube (December 2014), https://www .youtube.com/watch?v=76q7PDnxWuE. Annie Lowrey, “Is Uber’s Surge-Pricing an Example of High-Tech Gouging?,” New York Times Magazine, January 10, 2014, http://www.nytimes.com/2014 /01/12/magazine/is-ubers-surge-pricing-an-example-of-high-tech-gouging .html?

The super-platform at any moment may favor its own operations downstream over those provided by Uber. To put it differently, Uber’s biggest nightmare is not some obnoxious taxi commissioner seeking to hold on to a crumbling monopoly by refusing Uber entry into his city, nor is it another carservice platform like Lyft. The real fright comes from super-platforms like Google and Apple. Consumers may benefit from Uber’s fright when Uber improves ser vice, maintains competitive prices, and increases its investment in research and development. But Uber also sees the long shadow of the super-platforms, and realizes that it will likely be at a significant competitive disadvantage over the long run.

Matt Weinberger, “Microsoft Could See an Opportunity to Poke Google in the Eye with Uber Investment,” Business Insider UK (July 31, 2015), http://www.businessinsider.com/microsoft-and-google-are-uber-investors -2015-7. Nathaniel Mott, “Uber Should Fear the Company Formerly Known as Google,” Gigaom (August 11, 2015), https://gigaom.com/2015/08/11/uber-vs -alphabet-google/. Weinberger, “Microsoft Could See an Opportunity to Poke Google in the Eye with Uber Investment.” Douglas MacMillan, “GM Invests $500 Million in Lyft, Plans System for Self-Driving Cars,” Wall Street Journal, January 4, 2016, http://www.wsj.com /article _email/gm-invests-500-million-in-lyft-plans-system-for-self-driving -cars-1451914204-lMyQjAxMTI2NTA2NDEwODQyWj.


The New Map: Energy, Climate, and the Clash of Nations by Daniel Yergin

"RICO laws" OR "Racketeer Influenced and Corrupt Organizations", 3D printing, 9 dash line, activist fund / activist shareholder / activist investor, addicted to oil, Admiral Zheng, Albert Einstein, American energy revolution, Asian financial crisis, autonomous vehicles, Ayatollah Khomeini, Bakken shale, Bernie Sanders, BRICs, British Empire, carbon tax, circular economy, clean tech, commodity super cycle, company town, coronavirus, COVID-19, decarbonisation, deep learning, Deng Xiaoping, Didi Chuxing, disruptive innovation, distributed generation, Donald Trump, driverless car, Edward Snowden, Elon Musk, energy security, energy transition, failed state, Ford Model T, geopolitical risk, gig economy, global pandemic, global supply chain, green new deal, Greta Thunberg, hydraulic fracturing, Indoor air pollution, Intergovernmental Panel on Climate Change (IPCC), inventory management, James Watt: steam engine, John Zimmer (Lyft cofounder), Kickstarter, LNG terminal, Lyft, Malacca Straits, Malcom McLean invented shipping containers, Masayoshi Son, Masdar, mass incarceration, megacity, megaproject, middle-income trap, Mikhail Gorbachev, mutually assured destruction, new economy, off grid, oil rush, oil shale / tar sands, oil shock, open economy, paypal mafia, peak oil, pension reform, power law, price mechanism, purchasing power parity, RAND corporation, rent-seeking, ride hailing / ride sharing, rolling blackouts, Ronald Reagan, Russian election interference, self-driving car, Silicon Valley, smart cities, social distancing, South China Sea, sovereign wealth fund, Suez crisis 1956, super pumped, supply-chain management, TED Talk, trade route, Travis Kalanick, Twitter Arab Spring, Uber and Lyft, uber lyft, ubercab, UNCLOS, UNCLOS, uranium enrichment, vertical integration, women in the workforce

Green and Zimmer connected, and in 2012 began to offer short rides in San Francisco. They called the new venture Lyft. Anyone could be a driver. In contrast to the upmarket “private driver” black car of early Uber, they provided Lyft drivers with pink mustaches to affix to the front of their cars. “Friendliness” and fist bumps were Lyft’s mode, a studied contrast to Uber’s ersatz limousine. Uber wasted no time in striking back, launching its own service with ordinary drivers. “We chose to compete,” Kalanick wrote in a blog post.3 And compete Uber did, and fiercely so. Its new business model was UberX, which adopted Lyft’s model and enrolled nonprofessional drivers who could work as little or as much as they wanted.

They would be contractors, not employees. In other words, it’s a BYOC model—Bring Your Own Car. Uber drivers, 60 percent of whom have other jobs, have become prime examples for what became known as the “gig economy.” Both Uber and Lyft also rolled out modern versions of carpooling services that match up a rider with another rider in close proximity headed to nearby destinations. Uber and Lyft rolled forward, opening in city after city. Customers, initially many of them millennials, were quickly won over. In its quest to expand, Uber went to war with local taxicab drivers and owners and transportation regulators, all of whom opposed it as an unregulated taxi company.

In San Francisco alone, Uber’s revenues were in the billions, compared to less than $200 million for taxis. By 2017, Uber was operating in 540 cities around the world; Lyft, 290 in the United States. In the United States, Uber had about 70 percent of ride hailing and Lyft, 30 percent. Internationally, in addition to DiDi, other major players have emerged, including Gett in Europe and Ola in India. Overall, ride hailing could be a very big industry. But the industry still had a major challenge—to prove that it could be profitable. In May 2019, Uber went public with an $82 billion valuation. But the costs of running it were greater than its revenues. What became apparent in the IPO was that it was losing money—billions of dollars.


pages: 240 words: 78,436

Open for Business Harnessing the Power of Platform Ecosystems by Lauren Turner Claire, Laure Claire Reillier, Benoit Reillier

Airbnb, Amazon Mechanical Turk, Amazon Web Services, augmented reality, autonomous vehicles, barriers to entry, basic income, benefit corporation, Blitzscaling, blockchain, carbon footprint, Chuck Templeton: OpenTable:, cloud computing, collaborative consumption, commoditize, crowdsourcing, data science, deep learning, Diane Coyle, Didi Chuxing, disintermediation, distributed ledger, driverless car, fake news, fulfillment center, future of work, George Akerlof, independent contractor, intangible asset, Internet of things, Jean Tirole, Jeff Bezos, Kickstarter, knowledge worker, Lean Startup, Lyft, Mark Zuckerberg, market design, Metcalfe’s law, minimum viable product, multi-sided market, Network effects, Paradox of Choice, Paul Graham, peer-to-peer lending, performance metric, Peter Thiel, platform as a service, price discrimination, price elasticity of demand, profit motive, ride hailing / ride sharing, Sam Altman, search costs, self-driving car, seminal paper, shareholder value, sharing economy, Silicon Valley, Skype, smart contracts, Snapchat, software as a service, Steve Jobs, Steve Wozniak, TaskRabbit, the long tail, The Market for Lemons, Tim Cook: Apple, transaction costs, two-sided market, Uber and Lyft, uber lyft, universal basic income, Y Combinator

You may then have to acquire them, decide not to enter in these international markets, or invest more to catch up at a later stage. Companies such as Rocket Internet are famous for such strategies. Creating barriers to growth: Some competitors prevent access to new markets. Tencent has repeatedly blocked the Uber app on WeChat in 2015,15 with a ban in December 2015 days after Tencent-backed Didi Chuxing announced a global partnership with Lyft, GrabTaxi and Ola.16 Competitive pressure was too hard for Uber, and it led Uber China to merge with Didi.17 Mature platforms have a range of strategic options available to deal with increased competitive pressures, but we’ll focus here on two generic responses: (i) creating a platform-powered ecosystem; (ii) adding sides to their existing business models.

Eisenmann, G. Parker and M. Van Alstyne, Platform Envelopment, Harvard Business School Working Paper, 2010. Platform maturity: profitable growth 135 15 http://venturebeat.com/2015/12/06/uber-is-still-blocked-on-wechat-in-china-and-thesituation-is-getting-worse/ 16 http://venturebeat.com/2015/12/03/lyft-adds-grabtaxi-and-ola-to-its-faction-of-alliesagainst-uber/. 17 www.wsj.com/articles/china-s-didi-chuxing-to-acquire-rival-uber-s-chinese-operations1470024403. 18 Cainiao was formed by a consortium of existing logistics companies to give the project a running start. Alibaba itself took a 48% stake. 19 See https://techcrunch.com/2016/03/14/alibaba-backed-logistics-firm-cainiao-landsfunding-at-a-reported-7-7b-valuation/. 20 Internet.org is a partnership between Facebook and six companies (Samsung, Ericsson, MediaTek, Opera Software, Nokia and Qualcomm).

The rise of platforms enabling the sharing economy movement – both in terms of renting other people’s cars or sharing rides with them – will no doubt have a profound impact on future demand for cars. Some observers are predicting a future where personal car ownership becomes a distant memory and an economic aberration. Recent moves by General Motors (who invested $500 million in Uber’s competitor Lyft and is forging strategic alliances with other platforms) suggest that some companies are taking notice and trying to secure orders from companies that will be tomorrow’s customers. Lyft is unlikely to become a car manufacturer and compete against GM, yet it is one of the companies disrupting the transportation market, which will definitely have an effect on demand for cars. These ‘second order’ effects can be missed if the assessment of possible platform disruption is too narrowly focused on the emergence of direct competitors.


pages: 296 words: 98,018

Winners Take All: The Elite Charade of Changing the World by Anand Giridharadas

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, activist lawyer, affirmative action, Airbnb, benefit corporation, Bernie Sanders, bitcoin, Black Lives Matter, Boeing 747, Brexit referendum, Burning Man, Capital in the Twenty-First Century by Thomas Piketty, carried interest, cognitive dissonance, collective bargaining, corporate raider, corporate social responsibility, critical race theory, crowdsourcing, David Brooks, David Heinemeier Hansson, deindustrialization, disintermediation, do well by doing good, Donald Trump, Edward Snowden, Elon Musk, fake it until you make it, fake news, food desert, friendly fire, gentrification, global pandemic, high net worth, hiring and firing, housing crisis, Hyperloop, impact investing, income inequality, independent contractor, invisible hand, Jeff Bezos, Kevin Roose, Kibera, Kickstarter, land reform, Larry Ellison, Lyft, Marc Andreessen, Mark Zuckerberg, microaggression, new economy, Occupy movement, offshore financial centre, opioid epidemic / opioid crisis, Panopticon Jeremy Bentham, Parag Khanna, Paul Graham, Peter Thiel, plutocrats, profit maximization, public intellectual, risk tolerance, rolodex, Ronald Reagan, shareholder value, sharing economy, Sheryl Sandberg, side hustle, side project, Silicon Valley, Silicon Valley billionaire, Silicon Valley startup, Skype, social distancing, Social Responsibility of Business Is to Increase Its Profits, Steven Pinker, systems thinking, tech baron, TechCrunch disrupt, technoutopianism, TED Talk, The Chicago School, The Fortune at the Bottom of the Pyramid, the High Line, The Wealth of Nations by Adam Smith, Thomas L Friedman, too big to fail, Travis Kalanick, trickle-down economics, Two Sigma, Uber and Lyft, uber lyft, Upton Sinclair, Vilfredo Pareto, Virgin Galactic, work culture , working poor, zero-sum game

The case inspired the judges in the two cases, Edward Chen and Vince Chhabria, to grapple thoughtfully with the question of where power lurks in a new networked age. It was no surprise that Uber and Lyft took the rebel position. Like Airbnb, Uber and Lyft claimed not to be powerful. Uber argued that it was just a technology firm facilitating links between passengers and drivers, not a car service. The drivers who had signed contracts were robust agents of their own destiny. Judge Chen derided this argument. “Uber is no more a ‘technology company,’ ” he wrote, “than Yellow Cab is a ‘technology company’ because it uses CB radios to dispatch taxi cabs, John Deere is a ‘technology company’ because it uses computers and robots to manufacture lawn mowers, or Domino Sugar is a ‘technology company’ because it uses modern irrigation techniques to grow its sugar cane.”

The California Department of Fair Employment and Housing’s allegations against Airbnb are contained here: www.dfeh.ca.gov/​wp-content/​uploads/​sites/​32/​2017/​06/​04-19-17-Airbnb-DFEH-Agreement-Signed-DFEH-1-1.pdf (accessed September 2017). Airbnb’s response to California’s charges is also contained in the above document. For Judge Chen’s ruling on Uber, see his “Order Denying Defendant Uber Technologies, Inc.’s Motion for Summary Judgment” in O’Connor v. Uber, Case No. C-13-3826 EMC, United States District Court for the Northern District of California, Docket No. 211. For Judge Chhabria’s ruling on Lyft, see his “Order Denying Cross-motions for Summary Judgment” in Cotter v. Lyft, Case No. 13-cv-04065-VC, United States District Court for the Northern District of California, Dockets No. 69 and 74. On Bill Gates’s faith in technology’s leveling powers, see his book The Road Ahead (New York: Viking, 1995).

Therefore, the argument that Lyft is merely a platform, and that drivers perform no service for Lyft, is not a serious one. The judges believed Uber and Lyft to be more powerful than they were willing to admit, but they also conceded that the companies did not have the same power over employees as an old-economy employer like Walmart. “The jury in this case will be handed a square peg and asked to choose between two round holes,” Judge Chhabria wrote. Judge Chen, meanwhile, wondered whether Uber, despite a claim of impotence at the center of the network, exerted a kind of invisible power over drivers that might give them a case. In order to define this new power, he decided to turn where few judges do: the late French philosopher Michel Foucault.


pages: 290 words: 85,847

A Brief History of Motion: From the Wheel, to the Car, to What Comes Next by Tom Standage

accelerated depreciation, active transport: walking or cycling, autonomous vehicles, back-to-the-city movement, bike sharing, car-free, carbon footprint, Cesare Marchetti: Marchetti’s constant, Chris Urmson, City Beautiful movement, Clapham omnibus, congestion charging, coronavirus, COVID-19, deep learning, Didi Chuxing, Donald Shoup, driverless car, Elaine Herzberg, Elon Musk, flex fuel, Ford Model T, Ford paid five dollars a day, garden city movement, General Motors Futurama, Ida Tarbell, Induced demand, interchangeable parts, invention of the wheel, James Watt: steam engine, Jane Jacobs, jitney, Joan Didion, John Zimmer (Lyft cofounder), Lewis Mumford, lockdown, Lyft, Marshall McLuhan, minimum wage unemployment, oil shock, Own Your Own Home, peak oil, prompt engineering, Ralph Nader, Richard Florida, ride hailing / ride sharing, Rosa Parks, safety bicycle, self-driving car, social distancing, Steve Jobs, streetcar suburb, tech bro, The Death and Life of Great American Cities, trade route, Travis Kalanick, Uber and Lyft, uber lyft, unbiased observer, Unsafe at Any Speed, Upton Sinclair, urban planning, urban sprawl, Victor Gruen, W. E. B. Du Bois, walkable city, white flight, wikimedia commons, Yom Kippur War, Zipcar

Zimride’s founders had by this time hit upon the same idea and launched their own ride-hailing service, also accessed via a smartphone app, called Lyft. Starting in 2014, both companies introduced the option of shared trips, for riders willing to trade convenience for cost. Uber’s subsequent expansion into other countries around the world pitted it against local rivals using the same model: Ola in India, Didi Chuxing in China (itself the product of a merger between two Uber clones), Careem in the Middle East, and Grab in Southeast Asia. The ride-hailing market became fiercely competitive, prompting Uber to team up with local rivals in many parts of the world to avoid expensive price wars.

The possibility that cheap robotaxis could undermine car ownership explains why both ride-hailing firms, such as Uber and Lyft, and carmakers have been investing billions of dollars in autonomous-driving research. Any firm that develops a viable robotaxi would potentially be able to undercut both ride-hailing companies that rely on human drivers, and carmakers whose business model depends on selling people cars. Fear of this outcome has resulted in a constantly shifting web of alliances between AV start-ups, ride-hailing firms, and carmakers, as everyone tries to hedge bets. Waymo, for example, has partnerships with Lyft, Fiat Chrysler, and Jaguar Land Rover, while Toyota has invested in Uber’s AV unit.

Cars are also, by their nature, visible in public with their owners in a way that washing machines or wide-screen televisions, say, are not. In recent years, however, the idea that “you are what you drive” has come under pressure from various attempts to provide the benefits of cars without having to own them. Today a ride can be summoned when needed from a ride-hailing service such as Uber or Lyft. Car-sharing clubs make renting a car for a few hours, or a couple of days, quick and easy using a smartphone app. Some start-ups are experimenting with services that let drivers subscribe to a car, paying a monthly fee for use of a specific vehicle or a pool of shared cars. Lynk & Co., a Chinese firm that describes itself as “Netflix for cars,” says it will let users subscribe for as little as one month at a time.


pages: 460 words: 107,454

Stakeholder Capitalism: A Global Economy That Works for Progress, People and Planet by Klaus Schwab, Peter Vanham

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, 3D printing, additive manufacturing, agricultural Revolution, air traffic controllers' union, Anthropocene, Apple II, Asian financial crisis, Asperger Syndrome, basic income, Berlin Wall, Big Tech, biodiversity loss, bitcoin, Black Lives Matter, blockchain, blue-collar work, Branko Milanovic, Bretton Woods, British Empire, business process, capital controls, Capital in the Twenty-First Century by Thomas Piketty, car-free, carbon footprint, carbon tax, centre right, clean tech, clean water, cloud computing, collateralized debt obligation, collective bargaining, colonial rule, company town, contact tracing, contact tracing app, Cornelius Vanderbilt, coronavirus, corporate governance, corporate social responsibility, COVID-19, creative destruction, Credit Default Swap, credit default swaps / collateralized debt obligations, cryptocurrency, cuban missile crisis, currency peg, cyber-physical system, decarbonisation, demographic dividend, Deng Xiaoping, Diane Coyle, digital divide, don't be evil, European colonialism, Fall of the Berlin Wall, family office, financial innovation, Francis Fukuyama: the end of history, future of work, gender pay gap, general purpose technology, George Floyd, gig economy, Gini coefficient, global supply chain, global value chain, global village, Google bus, green new deal, Greta Thunberg, high net worth, hiring and firing, housing crisis, income inequality, income per capita, independent contractor, industrial robot, intangible asset, Intergovernmental Panel on Climate Change (IPCC), Internet of things, invisible hand, James Watt: steam engine, Jeff Bezos, job automation, joint-stock company, Joseph Schumpeter, Kenneth Rogoff, Khan Academy, Kickstarter, labor-force participation, lockdown, low interest rates, low skilled workers, Lyft, manufacturing employment, Marc Benioff, Mark Zuckerberg, market fundamentalism, Marshall McLuhan, Martin Wolf, means of production, megacity, microplastics / micro fibres, Mikhail Gorbachev, mini-job, mittelstand, move fast and break things, neoliberal agenda, Network effects, new economy, open economy, Peace of Westphalia, Peter Thiel, precariat, Productivity paradox, profit maximization, purchasing power parity, race to the bottom, reserve currency, reshoring, ride hailing / ride sharing, Ronald Reagan, Salesforce, San Francisco homelessness, School Strike for Climate, self-driving car, seminal paper, shareholder value, Shenzhen special economic zone , Shenzhen was a fishing village, Silicon Valley, Simon Kuznets, social distancing, Social Responsibility of Business Is to Increase Its Profits, special economic zone, Steve Jobs, Steve Wozniak, synthetic biology, TaskRabbit, The Chicago School, The Future of Employment, The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth, the scientific method, TikTok, Tim Cook: Apple, trade route, transfer pricing, Uber and Lyft, uber lyft, union organizing, universal basic income, War on Poverty, We are the 99%, women in the workforce, working poor, working-age population, Yom Kippur War, young professional, zero-sum game

GDP also goes up when banks post financial profits, but it remains stagnant when digital innovations get introduced that make our lives easier. 40 “The Treasury's Living Standards Framework,” New Zealand Government, December 2019, https://treasury.govt.nz/sites/default/files/2019-12/lsf-dashboard-update-dec19.pdf. 41 “New Zealand's Ardern Wins 2nd Term in Election Landslide,” Associated Press, October 2020, https://apnews.com/article/virus-outbreak-new-zealand-mosque-attacks-auckland-elections-new-zealand-b1ab788954f23f948d8b6c3258c02634. 42 “Uber and Lyft Drivers Guild Wins Historic Pay Rules,” Independent Drivers Guild, December 2018, https://drivingguild.org/uber-and-lyft-drivers-guild-wins-historic-pay-rules/. 43 I'm a New York City Uber Driver. The Pandemic Shows That My Industry Needs Fundamental Change or Drivers Will Never Recover,” Aziz Bah, Business Insider, July 2020, https://www.businessinsider.com/uber-lyft-drivers-covid-19-pandemic-virus-economy-right-bargain-2020-7?r=US&IR=T. 44 Humanity Forward, https://movehumanityforward.com/. 45 Data as a Property Right, Humanity Forward, https://movehumanityforward.com/data-property-right. 46 “Andrew Yang Is Pushing Big Tech to Pay Users for Data,” The Verge, June 2020, https://www.theverge.com/2020/6/22/21298919/andrew-yang-big-tech-data-dividend-project-facebook-google-ubi. 47 “A Modern Union for the Modern Economy,” Jeffrey M.

Uber Settles Driver Claims Before Disappointing IPO,” Forbes, May 2019, https://www.forbes.com/sites/kellyphillipserb/2019/05/13/worker-or-independent-contractor-uber-settles-driver-claims-before-disappointing-ipo/#7a157b93f39f. 18 “Uber and Lyft Drivers in California Will Remain Contractors”, Kate Conger, The New York Times, November 2020, https://www.nytimes.com/2020/11/04/technology/california-uber-lyft-prop-22.html. 19 “Are Political Parties in Trouble?” Patrick Liddiard, Wilson Center, December 2018, https://www.wilsoncenter.org/sites/default/files/media/documents/publication/happ_liddiard_are_political_parties_in_trouble_december_2018.pdf. 20 “A Deep Dive into Voter Turnout in Latin America,” Holly Sunderland, Americas Society / Council of the Americas, June 2018, https://www.as-coa.org/articles/chart-deep-dive-voter-turnout-latin-america. 21 “Historical Reported Voting Rates, Table A.1,” United States Census Bureau, https://www.census.gov/data/tables/time-series/demo/voting-and-registration/voting-historical-time-series.html. 22 “How to Correctly Understand the General Requirements of Recruiting Party Members?”

A good place to start is probably with those gig workers who work exclusively for one platform or in one industry, such as drivers. It is what the Independent Drivers Guild in New York and Gig Workers Rising in California do. Both groups gather drivers who work primarily for Uber, Lyft, and other similar platforms and advocate for “better wages, working conditions, and respect.”50 It has led to some structural changes in the status and treatments of such drivers. In August 2020, a California court ordered ride-hailing and delivery apps such as Uber and Lyft to treat their drivers as employees.51 It would require these companies to provide a minimum wage, health insurance, and overtime pay and paid sick leave, media reported.52 However, the court battles on this legislation continued into the Fall, and as we saw earlier, voters rejected Proposition 22 in November 2020, overturning much of the previous legislation on the matter, making Uber, Lyft, and other drivers contract workers once more.53 (At the time of writing, it continues to be battled in court by the platforms in question.)


pages: 460 words: 107,454

Stakeholder Capitalism: A Global Economy That Works for Progress, People and Planet by Klaus Schwab

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, 3D printing, additive manufacturing, agricultural Revolution, air traffic controllers' union, Anthropocene, Apple II, Asian financial crisis, Asperger Syndrome, basic income, Berlin Wall, Big Tech, biodiversity loss, bitcoin, Black Lives Matter, blockchain, blue-collar work, Branko Milanovic, Bretton Woods, British Empire, business process, capital controls, Capital in the Twenty-First Century by Thomas Piketty, car-free, carbon footprint, carbon tax, centre right, clean tech, clean water, cloud computing, collateralized debt obligation, collective bargaining, colonial rule, company town, contact tracing, contact tracing app, Cornelius Vanderbilt, coronavirus, corporate governance, corporate social responsibility, COVID-19, creative destruction, Credit Default Swap, credit default swaps / collateralized debt obligations, cryptocurrency, cuban missile crisis, currency peg, cyber-physical system, decarbonisation, demographic dividend, Deng Xiaoping, Diane Coyle, digital divide, don't be evil, European colonialism, Fall of the Berlin Wall, family office, financial innovation, Francis Fukuyama: the end of history, future of work, gender pay gap, general purpose technology, George Floyd, gig economy, Gini coefficient, global supply chain, global value chain, global village, Google bus, green new deal, Greta Thunberg, high net worth, hiring and firing, housing crisis, income inequality, income per capita, independent contractor, industrial robot, intangible asset, Intergovernmental Panel on Climate Change (IPCC), Internet of things, invisible hand, James Watt: steam engine, Jeff Bezos, job automation, joint-stock company, Joseph Schumpeter, Kenneth Rogoff, Khan Academy, Kickstarter, labor-force participation, lockdown, low interest rates, low skilled workers, Lyft, manufacturing employment, Marc Benioff, Mark Zuckerberg, market fundamentalism, Marshall McLuhan, Martin Wolf, means of production, megacity, microplastics / micro fibres, Mikhail Gorbachev, mini-job, mittelstand, move fast and break things, neoliberal agenda, Network effects, new economy, open economy, Peace of Westphalia, Peter Thiel, precariat, Productivity paradox, profit maximization, purchasing power parity, race to the bottom, reserve currency, reshoring, ride hailing / ride sharing, Ronald Reagan, Salesforce, San Francisco homelessness, School Strike for Climate, self-driving car, seminal paper, shareholder value, Shenzhen special economic zone , Shenzhen was a fishing village, Silicon Valley, Simon Kuznets, social distancing, Social Responsibility of Business Is to Increase Its Profits, special economic zone, Steve Jobs, Steve Wozniak, synthetic biology, TaskRabbit, The Chicago School, The Future of Employment, The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth, the scientific method, TikTok, Tim Cook: Apple, trade route, transfer pricing, Uber and Lyft, uber lyft, union organizing, universal basic income, War on Poverty, We are the 99%, women in the workforce, working poor, working-age population, Yom Kippur War, young professional, zero-sum game

GDP also goes up when banks post financial profits, but it remains stagnant when digital innovations get introduced that make our lives easier. 40 “The Treasury's Living Standards Framework,” New Zealand Government, December 2019, https://treasury.govt.nz/sites/default/files/2019-12/lsf-dashboard-update-dec19.pdf. 41 “New Zealand's Ardern Wins 2nd Term in Election Landslide,” Associated Press, October 2020, https://apnews.com/article/virus-outbreak-new-zealand-mosque-attacks-auckland-elections-new-zealand-b1ab788954f23f948d8b6c3258c02634. 42 “Uber and Lyft Drivers Guild Wins Historic Pay Rules,” Independent Drivers Guild, December 2018, https://drivingguild.org/uber-and-lyft-drivers-guild-wins-historic-pay-rules/. 43 I'm a New York City Uber Driver. The Pandemic Shows That My Industry Needs Fundamental Change or Drivers Will Never Recover,” Aziz Bah, Business Insider, July 2020, https://www.businessinsider.com/uber-lyft-drivers-covid-19-pandemic-virus-economy-right-bargain-2020-7?r=US&IR=T. 44 Humanity Forward, https://movehumanityforward.com/. 45 Data as a Property Right, Humanity Forward, https://movehumanityforward.com/data-property-right. 46 “Andrew Yang Is Pushing Big Tech to Pay Users for Data,” The Verge, June 2020, https://www.theverge.com/2020/6/22/21298919/andrew-yang-big-tech-data-dividend-project-facebook-google-ubi. 47 “A Modern Union for the Modern Economy,” Jeffrey M.

Uber Settles Driver Claims Before Disappointing IPO,” Forbes, May 2019, https://www.forbes.com/sites/kellyphillipserb/2019/05/13/worker-or-independent-contractor-uber-settles-driver-claims-before-disappointing-ipo/#7a157b93f39f. 18 “Uber and Lyft Drivers in California Will Remain Contractors”, Kate Conger, The New York Times, November 2020, https://www.nytimes.com/2020/11/04/technology/california-uber-lyft-prop-22.html. 19 “Are Political Parties in Trouble?” Patrick Liddiard, Wilson Center, December 2018, https://www.wilsoncenter.org/sites/default/files/media/documents/publication/happ_liddiard_are_political_parties_in_trouble_december_2018.pdf. 20 “A Deep Dive into Voter Turnout in Latin America,” Holly Sunderland, Americas Society / Council of the Americas, June 2018, https://www.as-coa.org/articles/chart-deep-dive-voter-turnout-latin-america. 21 “Historical Reported Voting Rates, Table A.1,” United States Census Bureau, https://www.census.gov/data/tables/time-series/demo/voting-and-registration/voting-historical-time-series.html. 22 “How to Correctly Understand the General Requirements of Recruiting Party Members?”

A good place to start is probably with those gig workers who work exclusively for one platform or in one industry, such as drivers. It is what the Independent Drivers Guild in New York and Gig Workers Rising in California do. Both groups gather drivers who work primarily for Uber, Lyft, and other similar platforms and advocate for “better wages, working conditions, and respect.”50 It has led to some structural changes in the status and treatments of such drivers. In August 2020, a California court ordered ride-hailing and delivery apps such as Uber and Lyft to treat their drivers as employees.51 It would require these companies to provide a minimum wage, health insurance, and overtime pay and paid sick leave, media reported.52 However, the court battles on this legislation continued into the Fall, and as we saw earlier, voters rejected Proposition 22 in November 2020, overturning much of the previous legislation on the matter, making Uber, Lyft, and other drivers contract workers once more.53 (At the time of writing, it continues to be battled in court by the platforms in question.)


pages: 527 words: 147,690

Terms of Service: Social Media and the Price of Constant Connection by Jacob Silverman

"World Economic Forum" Davos, 23andMe, 4chan, A Declaration of the Independence of Cyberspace, Aaron Swartz, Airbnb, airport security, Amazon Mechanical Turk, augmented reality, basic income, Big Tech, Brian Krebs, California gold rush, Californian Ideology, call centre, cloud computing, cognitive dissonance, commoditize, company town, context collapse, correlation does not imply causation, Credit Default Swap, crowdsourcing, data science, deep learning, digital capitalism, disinformation, don't be evil, driverless car, drone strike, Edward Snowden, Evgeny Morozov, fake it until you make it, feminist movement, Filter Bubble, Firefox, Flash crash, game design, global village, Google Chrome, Google Glasses, Higgs boson, hive mind, Ian Bogost, income inequality, independent contractor, informal economy, information retrieval, Internet of things, Jacob Silverman, Jaron Lanier, jimmy wales, John Perry Barlow, Kevin Kelly, Kevin Roose, Kickstarter, knowledge economy, knowledge worker, Larry Ellison, late capitalism, Laura Poitras, license plate recognition, life extension, lifelogging, lock screen, Lyft, machine readable, Mark Zuckerberg, Mars Rover, Marshall McLuhan, mass incarceration, meta-analysis, Minecraft, move fast and break things, national security letter, Network effects, new economy, Nicholas Carr, Occupy movement, off-the-grid, optical character recognition, payday loans, Peter Thiel, planned obsolescence, postindustrial economy, prediction markets, pre–internet, price discrimination, price stability, profit motive, quantitative hedge fund, race to the bottom, Ray Kurzweil, real-name policy, recommendation engine, rent control, rent stabilization, RFID, ride hailing / ride sharing, Salesforce, self-driving car, sentiment analysis, shareholder value, sharing economy, Sheryl Sandberg, Silicon Valley, Silicon Valley ideology, Snapchat, social bookmarking, social graph, social intelligence, social web, sorting algorithm, Steve Ballmer, Steve Jobs, Steven Levy, systems thinking, TaskRabbit, technological determinism, technological solutionism, technoutopianism, TED Talk, telemarketer, transportation-network company, Travis Kalanick, Turing test, Uber and Lyft, Uber for X, uber lyft, universal basic income, unpaid internship, women in the workforce, Y Combinator, yottabyte, you are the product, Zipcar

Unless you are violent, disruptive, or otherwise problematic, the driver can’t refuse you a ride based on your skin color or some star rating you’ve accumulated. You can also expect to pay a standard fare, unlike with Uber and Lyft, which are known to institute surge pricing to leverage high demand. Uber claims that surge pricing represents a market-based solution and offers a fair price based on availability. Except that Uber controls the market. They decide how many cars are on the road—the company has been caught asking drivers to stay off the road in order to drive up rates. At the same time, Uber has presented itself as a populist operation with a low threshold for entry. They’ve even established financing programs to help potential drivers get cheaper deals on cars from General Motors and Toyota.

The sharing economy includes some online labor outlets, such as TaskRabbit, in which independent contractors perform menial tasks, such as fetching groceries or assembling furniture, for small fees. Companies such as Lyft, Uber, and Sidecar provide taxi-type services, but they almost never call themselves taxi or transportation companies. This is because the transportation industry is highly regulated, something that Uber would like to disrupt. Government, with its pernicious regulatory apparatus, is simply making the market inefficient and costing consumers and businesspeople in both cash and intimacy with one another. (For a time, Travis Kalanick, Uber’s founder, used a cropped cover of Ayn Rand’s Atlas Shrugged for his Twitter avatar before replacing it with a drawing of Alexander Hamilton’s face.

Nov. 28, 2013. testosteronepit.com/home/2013/11/28/how-much-is-my-private-data-worth-google-just-offered-me.html. 330 How much Google pays for data: ibid. 330 Data managers: World Economic Forum. “Unlocking the Value of Personal Data: From Collection to Usage.” Feb. 2013. www3.weforum.org/docs/WEF_IT_UnlockingValuePersonalData_CollectionUsage_Report_2013.pdf. 331 “the functional end of the app”: Liz Gannes. “Lyft and Uber Price Wars Leave Some Drivers Feeling Crunched.” Recode. April 30, 2014. recode.net/2014/04/30/lyft-and-uber-price-wars-leave-some-drivers-feeling-crunched. 339 Bradbury’s comments on the Internet: Jennifer Steinhauer. “A Literary Legend Fights for a Local Library.” New York Times. June 19, 2009. nytimes.com/2009/06/20/us/20ventura.html. 341 “I think in tweets”: David Roberts.


pages: 307 words: 90,634

Insane Mode: How Elon Musk's Tesla Sparked an Electric Revolution to End the Age of Oil by Hamish McKenzie

Airbnb, Albert Einstein, augmented reality, autonomous vehicles, barriers to entry, basic income, Bay Area Rapid Transit, Ben Horowitz, business climate, car-free, carbon footprint, carbon tax, Chris Urmson, Clayton Christensen, clean tech, Colonization of Mars, connected car, crony capitalism, Deng Xiaoping, Didi Chuxing, disinformation, disruptive innovation, Donald Trump, driverless car, Elon Musk, Fairchild Semiconductor, Ford Model T, gigafactory, Google Glasses, Hyperloop, information security, Internet of things, Jeff Bezos, John Markoff, low earth orbit, Lyft, Marc Andreessen, margin call, Mark Zuckerberg, Max Levchin, megacity, Menlo Park, Nikolai Kondratiev, oil shale / tar sands, paypal mafia, Peter Thiel, ride hailing / ride sharing, Ronald Reagan, self-driving car, Shenzhen was a fishing village, short selling, side project, Silicon Valley, Silicon Valley startup, Snapchat, Solyndra, South China Sea, special economic zone, stealth mode startup, Steve Jobs, tech worker, TechCrunch disrupt, TED Talk, Tesla Model S, Tim Cook: Apple, Tony Fadell, Uber and Lyft, uber lyft, universal basic income, urban planning, urban sprawl, Zenefits, Zipcar

There are 5.2 million people in the trucking industry who don’t drive trucks, as well as the millions who provide food, gasoline, accommodation, and other services for truckers. If truck drivers are no longer on the roads, all those people will feel the pain, too. Then you can look at the people who drive taxis, Ubers, and Lyfts. Many taxi drivers have already switched to driving for the ride-sharing companies, but when robotaxis and self-driving Ubers are widespread, many of those jobs will be at risk. Some observers believe that the advent of the autonomous era could have a measurable impact on capitalism as we know it. Revenue from fuel taxes will go down, presumably to be replaced by other sources of income.

Santa Clara–based graphics chipmaker Nvidia has added hundreds of engineers to its auto-focused teams in the past few years. “We didn’t start out to be an auto company,” Danny Shapiro, Nvidia’s senior director of automotive, told the Times. “But everything that is changing a car has nothing to do with the auto industry of the past.” Start-ups have spotted the opportunity, too, of course. Uber and Lyft, both based in San Francisco, are hogging the early spoils in the ride-sharing market. Younger companies like Mountain View’s Smartcar (infrastructure for the connected car), San Francisco’s Reviver (digital license plates), and Palo Alto’s Nauto (AI-powered autonomous driving) are pursuing other software-related opportunities.

Standing behind a table with another Volkswagen-branded signboard behind him, Müller, white-haired and lean, told reporters that the company had initiated the biggest transformation in its history. VW would reshape itself to become one of the world’s leading providers of sustainable transport. “The term evolution would be too weak for what we’re facing,” Müller declared. Three weeks earlier, following GM’s investment in Lyft and on the same day that Toyota announced a strategic partnership with Uber, VW had announced that it would invest $300 million in the ridebooking app Gett. Within days of that news, the German media were reporting rumors that VW planned to spend up to $11 billion on an advanced battery factory that would rival Tesla’s Gigafactory. (In March 2018, the company announced that it would spend $25 billion to secure batteries for electric-vehicle production at sixteen of its factories.)


pages: 269 words: 70,543

Tech Titans of China: How China's Tech Sector Is Challenging the World by Innovating Faster, Working Harder, and Going Global by Rebecca Fannin

"World Economic Forum" Davos, Adam Neumann (WeWork), Airbnb, augmented reality, autonomous vehicles, Benchmark Capital, Big Tech, bike sharing, blockchain, call centre, cashless society, Chuck Templeton: OpenTable:, clean tech, cloud computing, computer vision, connected car, corporate governance, cryptocurrency, data is the new oil, data science, deep learning, Deng Xiaoping, Didi Chuxing, digital map, disruptive innovation, Donald Trump, El Camino Real, electricity market, Elon Musk, fake news, family office, fear of failure, fulfillment center, glass ceiling, global supply chain, Great Leap Forward, income inequality, industrial robot, information security, Internet of things, invention of movable type, Jeff Bezos, Kickstarter, knowledge worker, Lyft, Mark Zuckerberg, Mary Meeker, megacity, Menlo Park, money market fund, Network effects, new economy, peer-to-peer lending, personalized medicine, Peter Thiel, QR code, RFID, ride hailing / ride sharing, Sand Hill Road, self-driving car, sharing economy, Shenzhen was a fishing village, Silicon Valley, Silicon Valley startup, Skype, smart cities, smart transportation, Snapchat, social graph, SoftBank, software as a service, South China Sea, sovereign wealth fund, speech recognition, stealth mode startup, Steve Jobs, stock buybacks, supply-chain management, tech billionaire, TechCrunch disrupt, TikTok, Tim Cook: Apple, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, urban planning, Vision Fund, warehouse automation, WeWork, winner-take-all economy, Y Combinator, young professional

These southeastern startups are also invested in by Japanese tech conglomerate SoftBank, which has strategically put money behind one ride-hailing entrant in each region, including Didi in China. In a repeat of Uber’s saga in China, regional leader Grab—backed by Didi, SoftBank, and Alibaba—acquired Uber’s Southeast Asian business in 2018, then merged it. Don’t look for Didi to try entering the United States and compete with Uber on its home turf. Uber and Lyft are already too well entrenched, and battles for position have intensified with Lyft claiming a 35 market share next to dominant Uber, which faced several troubling scandals. With both now publicly traded companies, they could spark a sharing economy IPO parade.

Didi has been dealing with the crisis by introducing several safety measures in China that include verifying its drivers with facial recognition tests, installing emergency buttons for both drivers and passengers, and such extreme measures as using the driver’s phone to audio record trips—with the passenger’s consent—that are stored and then deleted at Didi within one week. Not sure if Uber will be trying this out in the United States. The Traffic Brain In some other realms, Didi sees a brighter horizon. The company is focusing on expanding outside China, investing more in AI systems and autonomous driving, conducting research at a Silicon Valley lab, and planning an electric vehicle network of 10 million by 2028. Like Uber and Lyft experimenting with new self-driving thrills, Didi is testing self-driving vehicles in four cities in China and the United States and has a grand plan to launch driver-less taxis soon.

China’s tech titans have invested in and acquired startups and cutting-edge emerging companies throughout leading hubs worldwide, formed Sand Hill Road venture capital units, set up R&D outfits close to engineering talent, and angled into Hollywood moviemaking in a bid for soft power. In this outward reach, China investment in US tech companies reached $51.4 billion from 2010 through 2018, led by megadeals in America’s top trophy startups Uber, Lyft, and Magic Leap.35 Recent US regulatory hurdles and a Beijing crackdown on high-priced, debt-laden deals have curbed the action. But the innovation engine keeps going, and so does venture capital from Silicon Valley and China funds to fuel it. In the wake of heightened regulations and uncertainty, Chinese tech deal makers are shifting to smaller, highly strategic transactions in the United States and turning to more welcoming markets internationally.


pages: 472 words: 117,093

Machine, Platform, Crowd: Harnessing Our Digital Future by Andrew McAfee, Erik Brynjolfsson

"World Economic Forum" Davos, 3D printing, additive manufacturing, AI winter, Airbnb, airline deregulation, airport security, Albert Einstein, algorithmic bias, AlphaGo, Amazon Mechanical Turk, Amazon Web Services, Andy Rubin, AOL-Time Warner, artificial general intelligence, asset light, augmented reality, autism spectrum disorder, autonomous vehicles, backpropagation, backtesting, barriers to entry, behavioural economics, bitcoin, blockchain, blood diamond, British Empire, business cycle, business process, carbon footprint, Cass Sunstein, centralized clearinghouse, Chris Urmson, cloud computing, cognitive bias, commoditize, complexity theory, computer age, creative destruction, CRISPR, crony capitalism, crowdsourcing, cryptocurrency, Daniel Kahneman / Amos Tversky, data science, Dean Kamen, deep learning, DeepMind, Demis Hassabis, discovery of DNA, disintermediation, disruptive innovation, distributed ledger, double helix, driverless car, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, Ethereum, ethereum blockchain, everywhere but in the productivity statistics, Evgeny Morozov, fake news, family office, fiat currency, financial innovation, general purpose technology, Geoffrey Hinton, George Akerlof, global supply chain, Great Leap Forward, Gregor Mendel, Hernando de Soto, hive mind, independent contractor, information asymmetry, Internet of things, inventory management, iterative process, Jean Tirole, Jeff Bezos, Jim Simons, jimmy wales, John Markoff, joint-stock company, Joseph Schumpeter, Kickstarter, Kiva Systems, law of one price, longitudinal study, low interest rates, Lyft, Machine translation of "The spirit is willing, but the flesh is weak." to Russian and back, Marc Andreessen, Marc Benioff, Mark Zuckerberg, meta-analysis, Mitch Kapor, moral hazard, multi-sided market, Mustafa Suleyman, Myron Scholes, natural language processing, Network effects, new economy, Norbert Wiener, Oculus Rift, PageRank, pattern recognition, peer-to-peer lending, performance metric, plutocrats, precision agriculture, prediction markets, pre–internet, price stability, principal–agent problem, Project Xanadu, radical decentralization, Ray Kurzweil, Renaissance Technologies, Richard Stallman, ride hailing / ride sharing, risk tolerance, Robert Solow, Ronald Coase, Salesforce, Satoshi Nakamoto, Second Machine Age, self-driving car, sharing economy, Silicon Valley, Skype, slashdot, smart contracts, Snapchat, speech recognition, statistical model, Steve Ballmer, Steve Jobs, Steven Pinker, supply-chain management, synthetic biology, tacit knowledge, TaskRabbit, Ted Nelson, TED Talk, the Cathedral and the Bazaar, The Market for Lemons, The Nature of the Firm, the strength of weak ties, Thomas Davenport, Thomas L Friedman, too big to fail, transaction costs, transportation-network company, traveling salesman, Travis Kalanick, Two Sigma, two-sided market, Tyler Cowen, Uber and Lyft, Uber for X, uber lyft, ubercab, Vitalik Buterin, warehouse robotics, Watson beat the top human players on Jeopardy!, winner-take-all economy, yield management, zero day

Akerlof, “Writing the ‘The Market for “Lemons”’: A Personal and Interpretive Essay,” Nobelprize.org, November 14, 2003, http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2001/akerlof-article.html. 207 “if this paper were correct”: Ibid. 207 50 million rides per month: Eric Newcomer, “Lyft Is Gaining on Uber as It Spends Big for Growth,” Bloomberg, last modified April 14, 2016, https://www.bloomberg.com/news/articles/2016-04-14/lyft-is-gaining-on-uber-as-it-spends-big-for-growth. 208 In 2013, California passed regulations: Tomio Geron, “California Becomes First State to Regulate Ridesharing Services Lyft, Sidecar, UberX,” Forbes, September 19, 2013, http://www.forbes.com/sites/tomiogeron/2013/09/19/california-becomes-first-state-to-regulate-ridesharing-services-lyft-sidecar-uberx/#6b22c10967fe. 208 by August 2016, BlaBlaCar still did not require them: BlaBlaCar, “Frequently Asked Questions: Is It Safe for Me to Enter My Govt.

But by March of 2016, Uber was handling 50 million rides per month in the United States. The great majority of Uber’s ride suppliers were not professional chauffeurs; they were simply people who wanted to make money with their labor and their cars. So how did this huge market overcome severe information asymmetries? In 2013, California passed regulations mandating that transportation network companies (TNCs) such as Uber and Lyft conduct criminal background checks on their drivers. These checks certainly provided some reassurance, but they were not the whole story. After all, UberX and its competitor Lyft both grew rapidly before background checks were in place, and by August 2016, BlaBlaCar still did not require them for its drivers.

Medallion-holding incumbents found it difficult to reverse their losses, because Uber’s two-sided network effects, smooth user interface and user experience, and ample capital were formidable advantages. Attempts to build competing platforms such as Lyft in the United States and Hailo in Europe did not slow down the fast-growing startup. The only thing that could, it sometimes seemed, was regulation. Utility Players? The legality of the Uber platform has been challenged around the world, and new rules and statutes about transportation services have been proposed and passed. It is sometimes hard to avoid the impression that they were written with Uber and its platform peers in mind, and with the intent of handicapping them.


System Error by Rob Reich

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, 2021 United States Capitol attack, A Declaration of the Independence of Cyberspace, Aaron Swartz, AI winter, Airbnb, airport security, Alan Greenspan, Albert Einstein, algorithmic bias, AlphaGo, AltaVista, artificial general intelligence, Automated Insights, autonomous vehicles, basic income, Ben Horowitz, Berlin Wall, Bernie Madoff, Big Tech, bitcoin, Blitzscaling, Cambridge Analytica, Cass Sunstein, clean water, cloud computing, computer vision, contact tracing, contact tracing app, coronavirus, corporate governance, COVID-19, creative destruction, CRISPR, crowdsourcing, data is the new oil, data science, decentralized internet, deep learning, deepfake, DeepMind, deplatforming, digital rights, disinformation, disruptive innovation, Donald Knuth, Donald Trump, driverless car, dual-use technology, Edward Snowden, Elon Musk, en.wikipedia.org, end-to-end encryption, Fairchild Semiconductor, fake news, Fall of the Berlin Wall, Filter Bubble, financial engineering, financial innovation, fulfillment center, future of work, gentrification, Geoffrey Hinton, George Floyd, gig economy, Goodhart's law, GPT-3, Hacker News, hockey-stick growth, income inequality, independent contractor, informal economy, information security, Jaron Lanier, Jeff Bezos, Jim Simons, jimmy wales, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, John Perry Barlow, Lean Startup, linear programming, Lyft, Marc Andreessen, Mark Zuckerberg, meta-analysis, minimum wage unemployment, Monkeys Reject Unequal Pay, move fast and break things, Myron Scholes, Network effects, Nick Bostrom, Northpointe / Correctional Offender Management Profiling for Alternative Sanctions, NP-complete, Oculus Rift, OpenAI, Panopticon Jeremy Bentham, Parler "social media", pattern recognition, personalized medicine, Peter Thiel, Philippa Foot, premature optimization, profit motive, quantitative hedge fund, race to the bottom, randomized controlled trial, recommendation engine, Renaissance Technologies, Richard Thaler, ride hailing / ride sharing, Ronald Reagan, Sam Altman, Sand Hill Road, scientific management, self-driving car, shareholder value, Sheryl Sandberg, Shoshana Zuboff, side project, Silicon Valley, Snapchat, social distancing, Social Responsibility of Business Is to Increase Its Profits, software is eating the world, spectrum auction, speech recognition, stem cell, Steve Jobs, Steven Levy, strong AI, superintelligent machines, surveillance capitalism, Susan Wojcicki, tech billionaire, tech worker, techlash, technoutopianism, Telecommunications Act of 1996, telemarketer, The Future of Employment, TikTok, Tim Cook: Apple, traveling salesman, Triangle Shirtwaist Factory, trolley problem, Turing test, two-sided market, Uber and Lyft, uber lyft, ultimatum game, union organizing, universal basic income, washing machines reduced drudgery, Watson beat the top human players on Jeopardy!, When a measure becomes a target, winner-take-all economy, Y Combinator, you are the product

A consortium of tech companies: Kari Paul and Julia Carrie Wong, “California Passes Prop 22 in a Major Victory for Uber and Lyft,” Guardian, November 4, 2020, https://www.theguardian.com/us-news/2020/nov/04/california-election-voters-prop-22-uber-lyft; Andrew J. Hawkins, “An Uber and Lyft Shutdown in California Looks Inevitable—Unless Voters Bail Them Out,” Verge, August 16, 2020, https://www.theverge.com/2020/8/16/21370828/uber-lyft-california-shutdown-drivers-classify-ballot-prop-22. “I doubt whether”: Andrew J. Hawkins, “Uber and Lyft Had an Edge in the Prop 22 Fight: Their Apps,” Verge, November 4, 2020, https://www.theverge.com/2020/11/4/21549760/uber-lyft-prop-22-win-vote-app-message-notifications.

Big tech is also spending millions to lobby European regulators to ward off efforts to limit digital advertising, contributing to what some call a “Washingtonization of Brussels.” Those lobbying efforts are unlikely to abate anytime soon, even as those companies come under greater antitrust scrutiny. One of the recent battlefronts in tech companies’ push to influence regulation comes from California’s effort to reclassify gig economy workers, such as Uber and Lyft drivers and delivery people for companies such as DoorDash, as employees rather than contractors of the firms they work for. In 2019, the California legislature passed Assembly Bill 5 (AB 5), with the aim of reclassifying thousands of independent contractors as employees, thereby guaranteeing them numerous benefits such as minimum wage, unemployment insurance, and sick leave.

The bill was a textbook case of government seeking to contain a negative externality created by a profit-seeking company. Assemblywoman Lorena Gonzalez, an author of the bill, described her motivation: “As lawmakers, we will not in good conscience allow free-riding businesses to continue to pass their own business costs onto taxpayers and workers.” Providing such benefits would cost the likes of Uber and Lyft millions of dollars. Their response was swift. First, they tried to get an injunction against the new law, delaying its effective date. They were denied. Then they threatened to shut down their operations in the state. In the meantime, they worked on producing a ballot initiative, Proposition 22, that defined “app-based transportation (rideshare) and delivery drivers as independent contractors and [the adoption of] labor and wage policies specific to app-based drivers and companies,” effectively exempting them from the requirements of AB 5.


pages: 340 words: 92,904

Street Smart: The Rise of Cities and the Fall of Cars by Samuel I. Schwartz

2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, active transport: walking or cycling, Affordable Care Act / Obamacare, American Society of Civil Engineers: Report Card, autonomous vehicles, bike sharing, car-free, City Beautiful movement, collaborative consumption, congestion charging, congestion pricing, crowdsourcing, desegregation, Donald Shoup, driverless car, Enrique Peñalosa, Ford Model T, Ford paid five dollars a day, Frederick Winslow Taylor, high-speed rail, if you build it, they will come, Induced demand, intermodal, invention of the wheel, lake wobegon effect, Lewis Mumford, Loma Prieta earthquake, longitudinal study, Lyft, Masdar, megacity, meta-analysis, moral hazard, Nate Silver, oil shock, parking minimums, Productivity paradox, Ralph Nader, rent control, ride hailing / ride sharing, Rosa Parks, scientific management, self-driving car, skinny streets, smart cities, smart grid, smart transportation, TED Talk, the built environment, the map is not the territory, transportation-network company, Uber and Lyft, Uber for X, uber lyft, Unsafe at Any Speed, urban decay, urban planning, urban renewal, walkable city, Wall-E, white flight, white picket fence, Works Progress Administration, Yogi Berra, Zipcar

It’s not that they’re not important, but that they’re not integral to the ride-matching business model. Complaints that come from drivers are a little different. So long as Lyft and Uber and the others are in competition with one another, they’re going to be under pressure to cut prices, which inevitably comes out of the pockets of their drivers. And so long as they’re able to offer such great service by saturating neighborhoods with cars, they’re not just competing with other companies. Uber’s own drivers are, inevitably, competing with one another, and a significant number of them are working for what amounts to a little above minimum wage.

c According to Hal Johnson, UTA’s manager of Project Development, campus parking—ten thousand total spaces—was at 96 percent capacity in the fall of 2001. By 2013, that had dropped to 70 percent, entirely because of the number of students using the University Line. d At Uber, ridesharing—people traveling from roughly the same origin to about the same destination, while splitting the cost of the trip at a discount—is rare enough that it has its own name: uberPOOL. e Lyft, the Avis to Uber’s Hertz, operates in a third as many markets. f I’m considering trademarking the term: Total gridlock™. g If you’re thinking that creative industry is another Humpty Dumpty phrase, you’re right.

You don’t have to spend ten years learning the commuting ropes to know whether the train or bus you’re on is an express or a local, or even when it’s going to show up. You just need a smartphone. Smartphones are also all that’s needed to take advantage of other revolutionary new transportation options: ridesharing services like Via, car-sharing like Zipcar, and—especially—dispatchable taxi services like Uber and Lyft.c However, these and other cool new businesses didn’t create Millennial distaste for driving. They just exploited it. The question remains: why do Millennials find the automobile so much less desirable than their parents, grandparents, and great-grandparents did? Woodbridge, Virginia, is a small suburb about twenty miles south of Washington, DC.


pages: 389 words: 87,758

No Ordinary Disruption: The Four Global Forces Breaking All the Trends by Richard Dobbs, James Manyika

2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, access to a mobile phone, additive manufacturing, Airbnb, Amazon Mechanical Turk, American Society of Civil Engineers: Report Card, asset light, autonomous vehicles, Bakken shale, barriers to entry, business cycle, business intelligence, carbon tax, Carmen Reinhart, central bank independence, circular economy, cloud computing, corporate governance, creative destruction, crowdsourcing, data science, demographic dividend, deskilling, digital capitalism, disintermediation, disruptive innovation, distributed generation, driverless car, Erik Brynjolfsson, financial innovation, first square of the chessboard, first square of the chessboard / second half of the chessboard, Gini coefficient, global supply chain, global village, high-speed rail, hydraulic fracturing, illegal immigration, income inequality, index fund, industrial robot, intangible asset, Intergovernmental Panel on Climate Change (IPCC), Internet of things, inventory management, job automation, Just-in-time delivery, Kenneth Rogoff, Kickstarter, knowledge worker, labor-force participation, low interest rates, low skilled workers, Lyft, M-Pesa, machine readable, mass immigration, megacity, megaproject, mobile money, Mohammed Bouazizi, Network effects, new economy, New Urbanism, ocean acidification, oil shale / tar sands, oil shock, old age dependency ratio, openstreetmap, peer-to-peer lending, pension reform, pension time bomb, private sector deleveraging, purchasing power parity, quantitative easing, recommendation engine, Report Card for America’s Infrastructure, RFID, ride hailing / ride sharing, Salesforce, Second Machine Age, self-driving car, sharing economy, Silicon Valley, Silicon Valley startup, Skype, smart cities, Snapchat, sovereign wealth fund, spinning jenny, stem cell, Steve Jobs, subscription business, supply-chain management, synthetic biology, TaskRabbit, The Great Moderation, trade route, transaction costs, Travis Kalanick, uber lyft, urban sprawl, Watson beat the top human players on Jeopardy!, working-age population, Zipcar

Bill Gurley, “A deeper look at Uber’s dynamic pricing model,” Above the Crowd, March 11, 2014, http://abovethecrowd.com/20l4/03/11/a-deeper-look-at-ubers-dynamic-pricing-model/; Matthew Panzarino, “Leaked Uber numbers, which we’ve confirmed, point to over $1B gross, $213M revenue,” TechCrunch, December 4, 2013, http://techcrunch.com/2013/12/04/leaked-uber-numbers-which-weve-confirmed-point-to-over-1b-gross-revenue-213m-revenue. 47. Salvador Rodriguez, “Lyft surpasses 1 million rides, expands to Washington, D.C.,” Los Angeles Times, August 9, 2013, http://articles.latimes.com/2013/aug/09/business/la-fi-tn-lyft-1-million-washington-dc-20130808. 48.

The service was so popular that in one year, Homeplus expanded its virtual stores to more than twenty bus stops. US start-up Instacart now offers customers in ten cities the ability to order goods from multiple stores through one website and get them delivered in one hour. Car-sharing services such as Zipcar and Lyft and transport services such as Uber are becoming increasingly popular among urban residents who have chosen not to purchase their own cars. The growing ubiquity of such shared services may be hard to replicate outside dense urban environments, but they are not unique to developed economies. In many emerging-market cities, similar services are already routinely offered though informal arrangements with mom-and-pop stores and service providers in local communities and neighborhoods.

Data-as-service start-ups are booming, and giants such as IBM, Microsoft, Oracle, and SAP have spent billions of dollars in the past several years snapping up companies that develop software for advanced data analytics. In fact, intangible digital assets—such as behavioral data on consumers and tracking data from logistics—can be the seeds of entirely new products and services. The disruption in taxi services is one example. Uber uses algorithms to determine “surge” prices in times of peak demand.46 Lyft, another on-demand ride-sharing start-up, employs a “happy hour” pricing model to lower rates in times of soft demand.47 Health care is another example of a sector where the marriage of data, analytical models, and decision-support tools—all key components of digital capital—can create immense economic value, improve customer experience, and create difficult-to-replicate capabilities.


pages: 371 words: 107,141

You've Been Played: How Corporations, Governments, and Schools Use Games to Control Us All by Adrian Hon

"hyperreality Baudrillard"~20 OR "Baudrillard hyperreality", 4chan, Adam Curtis, Adrian Hon, Airbnb, Amazon Mechanical Turk, Amazon Web Services, Astronomia nova, augmented reality, barriers to entry, Bellingcat, Big Tech, bitcoin, bread and circuses, British Empire, buy and hold, call centre, computer vision, conceptual framework, contact tracing, coronavirus, corporate governance, COVID-19, crowdsourcing, cryptocurrency, David Graeber, David Sedaris, deep learning, delayed gratification, democratizing finance, deplatforming, disinformation, disintermediation, Dogecoin, electronic logging device, Elon Musk, en.wikipedia.org, Ethereum, fake news, fiat currency, Filter Bubble, Frederick Winslow Taylor, fulfillment center, Galaxy Zoo, game design, gamification, George Floyd, gig economy, GitHub removed activity streaks, Google Glasses, Hacker News, Hans Moravec, Ian Bogost, independent contractor, index fund, informal economy, Jeff Bezos, job automation, jobs below the API, Johannes Kepler, Kevin Kelly, Kevin Roose, Kickstarter, Kiva Systems, knowledge worker, Lewis Mumford, lifelogging, linked data, lockdown, longitudinal study, loss aversion, LuLaRoe, Lyft, Marshall McLuhan, megaproject, meme stock, meta-analysis, Minecraft, moral panic, multilevel marketing, non-fungible token, Ocado, Oculus Rift, One Laptop per Child (OLPC), orbital mechanics / astrodynamics, Parler "social media", passive income, payment for order flow, prisoner's dilemma, QAnon, QR code, quantitative trading / quantitative finance, r/findbostonbombers, replication crisis, ride hailing / ride sharing, Robinhood: mobile stock trading app, Ronald Coase, Rubik’s Cube, Salesforce, Satoshi Nakamoto, scientific management, shareholder value, sharing economy, short selling, short squeeze, Silicon Valley, SimCity, Skinner box, spinning jenny, Stanford marshmallow experiment, Steve Jobs, Stewart Brand, TED Talk, The Nature of the Firm, the scientific method, TikTok, Tragedy of the Commons, transaction costs, Twitter Arab Spring, Tyler Cowen, Uber and Lyft, uber lyft, urban planning, warehouse robotics, Whole Earth Catalog, why are manhole covers round?, workplace surveillance

“Our Facilities,” Amazon, accessed November 26, 2021, www.aboutamazon.com/workplace/facilities; “Company Information,” Uber Newsroom, Uber, accessed November 26, 2021, www.uber.com/newsroom/company-info. 30. “The Rise of the Cheap Smartphone,” Economist, April 5, 2014, www.economist.com/business/2014/04/05/the-rise-of-the-cheap-smartphone. 31. “Forerunner 201,” Garmin, accessed November 22, 2021, https://buy.garmin.com/en-GB/GB/p/230. 32. “Uber’s Driver App, Your Resource on the Road,” Uber, accessed November 26, 2021, www.uber.com/za/en/drive/driver-app/; “Phone Software Recommendations and Settings,” Lyft Help, Lyft, accessed November 26, 2021, https://help.lyft.com/hc/e/articles/115013080508-Phone-software-recommendations-and-settings; “Requirements for Dashing,” DoorDash Dasher Support, DoorDash, accessed November 26, 2021, https://help.doordash.com/dashers/s/article/Requirements-for-Dashing; “Deliver with Deliveroo: Find Work That Suits You,” Deliveroo, accessed November 26, 2021, https://riders.deliveroo.co.uk/en/apply. 33.

You should make that choice consciously, because at work, you’ll have far less freedom… CHAPTER THREE GRIND AND PUNISHMENT EVERY WEEK BRINGS WORD OF ANOTHER COMPANY BRINGING GAMIFICATION to the workplace, whether it’s Amazon workers in India competing to deliver packages in order to score “runs” in a thirty-day, cricket-themed Delivery Premier League for rewards like smartphones and motorbikes, or United Airlines’ short-lived experiment to help staff “build excitement and a sense of accomplishment” by swapping their bonus with a lottery—available only for those with perfect attendance records, of course.1 Uber, Lyft, Domino’s, Instacart, Kroger, T-Mobile, Microsoft, Barclays, and Unilever all use gamification on millions of workers. At this point, it’d be easier to list the major companies that aren’t somehow gamifying their workers’ lives. I’ve long been skeptical of workplace gamification. More often than not, it doesn’t even try to make difficult or repetitive activities more fun, like I’ve done with my own games.

But that’s the default.”8 The problem is, if you don’t complete Uber’s quests (also described as “opportunities”) such as making an extra six dollars for a three-trip series, or earning bonuses by working certain regions, it gets harder to make a decent overall wage.9 According to a 2020 survey by Ridester, the median hourly pay (including tip) for Uber drivers in the US was $18.97.10 But Uber drivers aren’t employees, so they’re responsible for a vast array of costs, such as car payments and fuel, which Ridester estimated at between $7.50 and $15 per hour. That gets you to under $10 per hour, which is coincidentally a lot less than the $15 minimum wage paid to Amazon warehouse workers. Uber isn’t the only gig economy company that plays with its workers’ compensation. Lyft gives “streak bonuses” to drivers who accept all ride requests back-to-back.11 Delivery companies like Instacart, Postmates, and Shipt give bonuses as a reward for completing a minimum number of jobs in a week.12 Some workers in New York call this gamified system the patrón fantasma, or the phantom boss, notes Josh Dzieza for Curbed.13 To achieve maximum productivity at minimum cost, companies tweak the value and complexity of their bonuses constantly, which has the benefit of obfuscating workers’ overall compensation.


pages: 225 words: 70,241

Silicon City: San Francisco in the Long Shadow of the Valley by Cary McClelland

affirmative action, Airbnb, algorithmic bias, Apple II, autonomous vehicles, barriers to entry, Black Lives Matter, Burning Man, clean water, cloud computing, cognitive dissonance, Columbine, computer vision, creative destruction, driverless car, El Camino Real, Elon Musk, Fairchild Semiconductor, full employment, gamification, gentrification, gig economy, Golden Gate Park, Google bus, Google Glasses, high net worth, housing crisis, housing justice, income inequality, John Gilmore, John Perry Barlow, Joseph Schumpeter, Loma Prieta earthquake, Lyft, mass immigration, means of production, Menlo Park, Mitch Kapor, open immigration, PalmPilot, rent control, Salesforce, San Francisco homelessness, self-driving car, sharing economy, Silicon Valley, Skype, Social Justice Warrior, Steve Jobs, Steve Wozniak, TaskRabbit, tech bro, tech worker, transcontinental railway, Travis Kalanick, Uber and Lyft, uber lyft, urban planning, vertical integration, William Shockley: the traitorous eight, young professional

And the younger generation seems not quite so interested in owning a car—and this is the good part of Uber and Lyft. Young kids don’t want a car, they just want mobility. I want the taxi market to capture that, and it’s kind of frustrating to see these other companies come in and sort of steal it. People talk about Uber being so high tech and so progressive, and I’m like, “Man, I have been doing this shit for fifteen years.” We were the first to accept credit cards, GPS-based dispatch, workers’ comp insurance for drivers. Then, the things I advocate for—clean vehicles, the greenhouse gas reduction mandate—they are all being undermined by Uber and Lyft, which don’t do any of those things.

The other night, I’m sitting in front of the Kabuki Theater in my hybrid taxi, not spewing. I see these two young women coming out of the theater, and I know what they are doing. They pull out their cell phone, and they call either Uber or Lyft, and they are kind of looking at me. I am sitting there, waiting. They kind of chat amongst themselves thinking, Well, maybe we should . . . But if you cancel an order with Uber or Lyft, they charge you. So, sure enough, two or three minutes later, up drives this big Chevy Tahoe, Cadillac Escalade, or whatever it was—some enormous vehicle—and these two girls go scurrying off across the street and hop inside.

He dove down, scrambled in the dust trying to find every coin. The light turned green, and we drove off. He disappeared into a sea of vehicles in my rearview mirror. And I thought, We’ve turned everything into a game. San Francisco—and the Bay Area in general—has become something of an arcade for the young and plugged in. Uber, Lyft, TaskRabbit, Carbon, Rinse, Instacart, Alfred—a kingdom of cute one-word fiefdoms offering chauffer and butler services for the new tech titans. They are shuttled to their corporate campuses—like summer camp, a world of primary colors and playgrounds and cafés and endless amusement to keep them happy at work.


pages: 305 words: 79,303

The Four: How Amazon, Apple, Facebook, and Google Divided and Conquered the World by Scott Galloway

"Susan Fowler" uber, activist fund / activist shareholder / activist investor, additive manufacturing, Affordable Care Act / Obamacare, Airbnb, Amazon Robotics, Amazon Web Services, Apple II, autonomous vehicles, barriers to entry, Ben Horowitz, Bernie Sanders, Big Tech, big-box store, Bob Noyce, Brewster Kahle, business intelligence, California gold rush, Cambridge Analytica, cloud computing, Comet Ping Pong, commoditize, cuban missile crisis, David Brooks, Didi Chuxing, digital divide, disintermediation, don't be evil, Donald Trump, Elon Musk, fake news, follow your passion, fulfillment center, future of journalism, future of work, global supply chain, Google Earth, Google Glasses, Google X / Alphabet X, Hacker Conference 1984, Internet Archive, invisible hand, Jeff Bezos, Jony Ive, Khan Academy, Kiva Systems, longitudinal study, Lyft, Mark Zuckerberg, meta-analysis, Network effects, new economy, obamacare, Oculus Rift, offshore financial centre, passive income, Peter Thiel, profit motive, race to the bottom, RAND corporation, ride hailing / ride sharing, risk tolerance, Robert Mercer, Robert Shiller, Search for Extraterrestrial Intelligence, self-driving car, sentiment analysis, shareholder value, Sheryl Sandberg, Silicon Valley, Snapchat, software is eating the world, speech recognition, Stephen Hawking, Steve Ballmer, Steve Bannon, Steve Jobs, Steve Wozniak, Stewart Brand, supercomputer in your pocket, Tesla Model S, the long tail, Tim Cook: Apple, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, undersea cable, vertical integration, warehouse automation, warehouse robotics, Wayback Machine, Whole Earth Catalog, winner-take-all economy, working poor, you are the product, young professional

v=UwMhGsKeYo4&t=3s. 21. Shontell, Alyson. “Uber is the world’s largest job creator, adding about 50,000 drivers per month, says board member.” Business Insider. March 15, 2015. http://www.businessinsider.com/uber-offering-50000-jobs-per-month-to-drivers-2015-3. 22. Uber Estimate. http://uberestimator.com/cities. 23. Nelson, Laura J. “Uber and Lyft have devastated L.A.’s taxi industry, city records show.” Los Angeles Times. April 14, 2016. http://www.latimes.com/local/lanow/la-me-ln-uber-lyft-taxis-la-20160413-story.html. 24. Schneider, Todd W. “Taxi, Uber, and Lyft Usage in New York City.” February 2017. http://toddwschneider.com/posts/taxi-uber-lyft-usage-new-york-city/. 25.

February 2017. http://toddwschneider.com/posts/taxi-uber-lyft-usage-new-york-city/. 25. “Scott Galloway: Switch to Nintendo.” 26. Deamicis, Carmel. “Uber Expands Its Same-Day Delivery Service: ‘It’s No Longer an Experiment’.” Recode. October 14, 2015. https://www.recode.net/2015/10/14/11619548/uber-gets-serious-about-delivery-its-no-longer-an-experiment. 27. Smith, Ben. “Uber Executive Suggests Digging Up Dirt on Journalists.” BuzzFeed. November 17, 2014. https://www.buzzfeed.com/bensmith/uber-executive-suggests-digging-up-dirt-on-journalists?utm_term=.rcBNNLypG#.bhlEEWy0N. 28. Warzel, Charlie. “Sexist French Uber Promotion Pairs Riders With ‘Hot Chick’ Drivers.”

If you’re a decathlete, the key is to find the event with the greatest variance in performance and own it. Uber is a great product, but I’d challenge you to identify (without knowing which ride-sharing platform you booked through) the difference between Uber, Lyft, Curb, and Didi Chuxing. The category is a 10x improvement over cabs and black cars, but there is an increasing sameness among ride-sharing players. This has likely been the case for a while, but Uber’s CEO frat rock (that is, shit for brains) behavior has prompted people to discover on their own that Lyft is the same thing. The Airbnb platform takes on greater importance as an arbiter of trust, as there is greater variance in the product—a houseboat in Marin vs. a townhouse in South Kensington.


pages: 380 words: 109,724

Don't Be Evil: How Big Tech Betrayed Its Founding Principles--And All of US by Rana Foroohar

"Susan Fowler" uber, "World Economic Forum" Davos, accounting loophole / creative accounting, Airbnb, Alan Greenspan, algorithmic bias, algorithmic management, AltaVista, Andy Rubin, autonomous vehicles, banking crisis, barriers to entry, behavioural economics, Bernie Madoff, Bernie Sanders, Big Tech, bitcoin, Black Lives Matter, book scanning, Brewster Kahle, Burning Man, call centre, Cambridge Analytica, cashless society, clean tech, cloud computing, cognitive dissonance, Colonization of Mars, computer age, corporate governance, creative destruction, Credit Default Swap, cryptocurrency, data is the new oil, data science, deal flow, death of newspapers, decentralized internet, Deng Xiaoping, digital divide, digital rights, disinformation, disintermediation, don't be evil, Donald Trump, drone strike, Edward Snowden, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, Etonian, Evgeny Morozov, fake news, Filter Bubble, financial engineering, future of work, Future Shock, game design, gig economy, global supply chain, Gordon Gekko, Great Leap Forward, greed is good, income inequality, independent contractor, informal economy, information asymmetry, intangible asset, Internet Archive, Internet of things, invisible hand, Jaron Lanier, Jeff Bezos, job automation, job satisfaction, junk bonds, Kenneth Rogoff, life extension, light touch regulation, low interest rates, Lyft, Mark Zuckerberg, Marshall McLuhan, Martin Wolf, Menlo Park, military-industrial complex, move fast and break things, Network effects, new economy, offshore financial centre, PageRank, patent troll, Paul Volcker talking about ATMs, paypal mafia, Peter Thiel, pets.com, price discrimination, profit maximization, race to the bottom, recommendation engine, ride hailing / ride sharing, Robert Bork, Sand Hill Road, search engine result page, self-driving car, shareholder value, sharing economy, Sheryl Sandberg, Shoshana Zuboff, side hustle, Sidewalk Labs, Silicon Valley, Silicon Valley startup, smart cities, Snapchat, SoftBank, South China Sea, sovereign wealth fund, Steve Bannon, Steve Jobs, Steven Levy, stock buybacks, subscription business, supply-chain management, surveillance capitalism, TaskRabbit, tech billionaire, tech worker, TED Talk, Telecommunications Act of 1996, The Chicago School, the long tail, the new new thing, Tim Cook: Apple, too big to fail, Travis Kalanick, trickle-down economics, Uber and Lyft, Uber for X, uber lyft, Upton Sinclair, warehouse robotics, WeWork, WikiLeaks, zero-sum game

The Plight of the Gig Worker “Gig work” seems to have reached a new apex with the rise of companies like Uber. Consider the typical non-medallion taxi driver in New York, who might work for three or more companies at once: Uber, Lyft, and perhaps even an unlicensed cab firm. There is some truth to the claim that such people are essentially entrepreneurs, with all the freedom that working for themselves entails. With Uber, drivers set their own hours and are in a sense their own boss, something Kalanick always lauded as highly empowering. “There is a core independence and dignity you get when you control your own time,” he told me in 2015. Fair enough. But that’s about all Uber drivers are in control of.

In her book Uberland, the social scientist Alex Rosenblat rode five thousand miles with numerous Uber drivers in twenty-five cities across the United States and Canada. She found that, not surprisingly, while Uber itself took most of the upside of the business, drivers were often left to bear the cost and the downsides of the disruptive technology on their own. Lyft, Uber’s biggest competitor, has always been known as the kinder, gentler ridesharing company, in part because its CEO Logan Green has been more inclined to discuss the downsides of the sharing economy in a thoughtful and open way (that and the fact that he hasn’t been caught on a dashcam screaming at his own drivers).

After New York Times reporter Jodi Kantor did a front-page exposé about the topic in 2014, then-chairman Howard Schultz was forced to apologize and promise to clean up the company’s scheduling system.16 Yet, at Starbucks and, alas, at most other retailers, algorithmic scheduling has become the norm—just like “surge” pricing at Uber or Lyft. Clearly, the advent of the high-tech gig economy means different things to different kinds of workers. For the Uber driver or the delivery person, it may feel like a kind of neo-serfdom. They get no pension, health insurance, or worker-rights protection, and work at the mercy of metrics. Many of the drivers profiled in Rosenblat’s book struggle to make much more than minimum wage, after paying for their car, their gas, maintenance, self-employment taxes, and so on. Certainly, in my own interviews with Uber drivers, I’ve found that most see a tight trade-off between the benefits of their theoretical freedom and the fact that always-on technology can actually mean less flexibility than they might have in a higher-quality job.


The Smartphone Society by Nicole Aschoff

"Susan Fowler" uber, 4chan, A Declaration of the Independence of Cyberspace, Airbnb, algorithmic bias, algorithmic management, Amazon Web Services, artificial general intelligence, autonomous vehicles, barriers to entry, Bay Area Rapid Transit, Bernie Sanders, Big Tech, Black Lives Matter, blockchain, carbon footprint, Carl Icahn, Cass Sunstein, citizen journalism, cloud computing, correlation does not imply causation, crony capitalism, crowdsourcing, cryptocurrency, data science, deep learning, DeepMind, degrowth, Demis Hassabis, deplatforming, deskilling, digital capitalism, digital divide, do what you love, don't be evil, Donald Trump, Downton Abbey, Edward Snowden, Elon Musk, Evgeny Morozov, fake news, feminist movement, Ferguson, Missouri, Filter Bubble, financial independence, future of work, gamification, gig economy, global value chain, Google Chrome, Google Earth, Googley, green new deal, housing crisis, income inequality, independent contractor, Jaron Lanier, Jeff Bezos, Jessica Bruder, job automation, John Perry Barlow, knowledge economy, late capitalism, low interest rates, Lyft, M-Pesa, Mark Zuckerberg, minimum wage unemployment, mobile money, moral panic, move fast and break things, Naomi Klein, Network effects, new economy, Nicholas Carr, Nomadland, occupational segregation, Occupy movement, off-the-grid, offshore financial centre, opioid epidemic / opioid crisis, PageRank, Patri Friedman, peer-to-peer, Peter Thiel, pets.com, planned obsolescence, quantitative easing, Ralph Waldo Emerson, RAND corporation, Ray Kurzweil, RFID, Richard Stallman, ride hailing / ride sharing, Rodney Brooks, Ronald Reagan, Salesforce, Second Machine Age, self-driving car, shareholder value, sharing economy, Sheryl Sandberg, Shoshana Zuboff, Sidewalk Labs, Silicon Valley, single-payer health, Skype, Snapchat, SoftBank, statistical model, Steve Bannon, Steve Jobs, surveillance capitalism, TaskRabbit, tech worker, technological determinism, TED Talk, the scientific method, The Structural Transformation of the Public Sphere, TikTok, transcontinental railway, transportation-network company, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, upwardly mobile, Vision Fund, W. E. B. Du Bois, wages for housework, warehouse robotics, WikiLeaks, women in the workforce, yottabyte

They also get punished for being too slow; if the driver’s “time to accept orders,” “travel time to restaurant,” “travel time to customer,” or “time at customer” are longer than what the algorithm estimates they should be, the driver’s account can be deactivated.51 Uber drivers have even less time to respond to “trip requests,” ten to twenty seconds, and they also don’t know where they’re going until they’ve picked up the passenger. Until recently drivers got time-outs—short periods where they are locked out of the app—if they refused three trip requests in a row. Reliable data on how much pay Uber and Lyft drivers take home is hard to come by, but a recent driver-earnings survey found that drivers of Uber’s most popular service, Uber-X, made a median wage of $14.73 an hour in 2018 after tips but before gas, insurance, and repairs— substantially less than a living wage.52 Amazon warehouse workers are algorithmically managed in a different way.

The defeat in court of Deliveroo drivers in the UK who pursued employee rights and the April 2019 National Labor Relations Board advisory memo designating Uber drivers as independent contractors with no right to unionize show how entrenched the new app-work models have become in just a short time, and how difficult it will be to change expectations about work in the gig economy. But difficult does not mean impossible. As this book went to press, California legislators approved a landmark bill that forces app-based service companies (such as Uber and Lyft) to reclassify their workers as employees rather than independent contractors. Tech companies are sitting atop mountains of cash thanks to mass quantities of unpaid and underpaid work, a technological infrastructure that was developed with taxpayer money, and access to cheap credit for development and expansion, courtesy of low-interest rates engineered by the Federal Reserve.

A maid, masseuse, taxi driver, personal shopper, whatever you want—“there’s an app for that.” It’s not entirely clear how many people are working in these app jobs—piecework gigs mediated through a smartphone app. In the United States, estimates of “on-demand” app workers who earn money via online intermediaries such as TaskRabbit, Lyft, Uber, and Amazon Shopping vary widely. The Federal Reserve estimated that in 2017, 16 percent of adults earned money from app jobs, while the Bureau of Labor Statistics reported that 3.8 percent of workers (5.9 million people) were classified as contingent workers in 2017.44 Even absent concrete numbers, it is clear that the emergence of app jobs in the past decade is a significant development in the evolution of work in the United States.


Autonomous Driving: How the Driverless Revolution Will Change the World by Andreas Herrmann, Walter Brenner, Rupert Stadler

Airbnb, Airbus A320, algorithmic bias, augmented reality, autonomous vehicles, blockchain, call centre, carbon footprint, clean tech, computer vision, conceptual framework, congestion pricing, connected car, crowdsourcing, cyber-physical system, DARPA: Urban Challenge, data acquisition, deep learning, demand response, digital map, disruptive innovation, driverless car, Elon Musk, fault tolerance, fear of failure, global supply chain, industrial cluster, intermodal, Internet of things, Jeff Bezos, John Zimmer (Lyft cofounder), Lyft, manufacturing employment, market fundamentalism, Mars Rover, Masdar, megacity, Pearl River Delta, peer-to-peer rental, precision agriculture, QWERTY keyboard, RAND corporation, ride hailing / ride sharing, self-driving car, sensor fusion, sharing economy, Silicon Valley, smart cities, smart grid, smart meter, Steve Jobs, Tesla Model S, Tim Cook: Apple, trolley problem, uber lyft, upwardly mobile, urban planning, Zipcar

It is an economic exchange; consumers are more interested in reducing costs and increasing convenience than they are in fostering social relationships with the company or other consumers. For example, we are currently seeing the rise of Uber in the short-term ride-sharing market. Uber’s core values are its pricing, reliability and convenience better, faster and cheaper than a taxi. In comparison, Lyft, which offers an almost identical service, positions itself as friendly we’re your friend with a car and part of your community greet your driver with a fist bump. Lyft has not seen at all as much growth as Uber; one reason is because they put too much emphasis on consumers’ desire to bond with each other rather than gain access to a vehicle.

Ford’s former CEO, Mark Fields, has announced that the autopilot is to be democratised by providing inexpensive mobility to as many people as possible. He plans to develop Ford into a mobility service, offering driving services with autonomous vehicles (similar to Uber) and producing the cars for such a service itself. General Motors has invested enormously in the mobility platform Lyft, announcing plans to set up an on-demand network of self-driving cars. John Zimmer, president of Lyft, expects car ownership in megacities to be of little importance in 10 years. In 2016, Lyft already organised about 14.6 million rides per month, three times as many as a year before. So far, Cadillac is the only General Motors brand equipped with the technology for autonomous driving.

Ownership Access and Sharing User as Use of one’s Rental car sharing, business-to-consumer (DriveNow, driver own car Car2Go) and peer-to-peer (Croove, Getaround) User as passenger Use of a taxi Ride sharing (Uber, Lyft) and carpooling (BlaBlaCar) Source: The authors. Note: Mobility apps can link up the various modes of transportation so that the user can identify the fastest and most convenient way to get from one place to another. The Sharing Economy 343 sharing (DriveNow, car2go, Flinkster, Mobility, ReachNow, ZipCar) and with peer-to-peer car sharing (Drivy, Tamyca, Croove, CarUnity, Sharoo, Turo, Getaround), users have to drive the cars themselves. With ride sharing (Uber, Lyft, myTaxi) or carpooling (BlaBlaCar), they are driven by a chauffeur.


pages: 270 words: 79,180

The Middleman Economy: How Brokers, Agents, Dealers, and Everyday Matchmakers Create Value and Profit by Marina Krakovsky

Affordable Care Act / Obamacare, Airbnb, Al Roth, Ben Horowitz, Benchmark Capital, Black Swan, buy low sell high, Chuck Templeton: OpenTable:, Credit Default Swap, cross-subsidies, crowdsourcing, deal flow, disintermediation, diversified portfolio, experimental economics, George Akerlof, Goldman Sachs: Vampire Squid, income inequality, index fund, information asymmetry, Jean Tirole, Joan Didion, John Zimmer (Lyft cofounder), Kenneth Arrow, Lean Startup, Lyft, Marc Andreessen, Mark Zuckerberg, market microstructure, Martin Wolf, McMansion, Menlo Park, Metcalfe’s law, moral hazard, multi-sided market, Network effects, patent troll, Paul Graham, Peter Thiel, pez dispenser, power law, real-name policy, ride hailing / ride sharing, Robert Metcalfe, Sand Hill Road, search costs, seminal paper, sharing economy, Silicon Valley, social graph, supply-chain management, TaskRabbit, the long tail, The Market for Lemons, the strength of weak ties, too big to fail, trade route, transaction costs, two-sided market, Uber for X, uber lyft, ultimatum game, Y Combinator

You might say Maples prefers to back what is righteous rather than what is legal. Why does he love pitches in that legal gray area? “Those could be good businesses to fund because a lot of times there are not a lot of competitors,” he explains. (Even though Uber has a competing ride-sharing service, UberX, Maples points out that Lyft started before Uber launched UberX.) Whether the laws eventually side with the entrepreneur’s venture or against it is a huge risk—the kind that many people are afraid to take—but that is precisely what makes the bet attractive; if it turns out to be right, the gain will be enormous and, because it is a nonconsensus venture, it won’t be shared by many others.

The Truckless Trucking Company * * * Long before there was Lyft and before there was Uber, and well before mobile devices or even the Internet, there was C. H. Robinson. The company, founded back in 1905, in 2014 ranked #220 on the Fortune 500, the annual list of the highest-grossing companies in the United States. Its annual revenues of $12.7 billion put C. H. Robinson just ahead of household brands Toys ‘R’ Us and Nordstrom and well above Facebook and Harley-Davidson. If you haven’t heard of this behemoth from Eden Prairie, Minnesota, it’s only because its customers are other businesses: rather than arranging rides for busy urbanites, as Lyft and Uber do, C.

Bridges as Two-Sided Markets * * * Lacking both experience and theoretical knowledge, she didn’t realize that the bridge she was trying to build had the interesting properties of what economists call a two-sided market. These days, two-sided markets (sometimes called two-sided networks or two-sided platforms) are everywhere because many of today’s Internet start-ups are middlemen businesses of exactly this type: whether you’re talking about connecting homeowners with guests (Airbnb) or drivers with fares (Lyft and Uber) workers with small jobs (TaskRabbit) restaurants with diners wanting take-out meals (GrubHub, Eat24) or doctors with patients (ZocDoc), you’re describing a two-sided market. At the same time, and maybe not coincidentally, the study of two-sided markets has become a popular field among academics, with many opinions about what counts as a two-sided market.


pages: 340 words: 100,151

Secrets of Sand Hill Road: Venture Capital and How to Get It by Scott Kupor

activist fund / activist shareholder / activist investor, Airbnb, Amazon Web Services, asset allocation, barriers to entry, Ben Horowitz, Benchmark Capital, Big Tech, Blue Bottle Coffee, carried interest, cloud computing, compensation consultant, corporate governance, cryptocurrency, discounted cash flows, diversification, diversified portfolio, estate planning, family office, fixed income, Glass-Steagall Act, high net worth, index fund, information asymmetry, initial coin offering, Lean Startup, low cost airline, Lyft, Marc Andreessen, Myron Scholes, Network effects, Paul Graham, pets.com, power law, price stability, prudent man rule, ride hailing / ride sharing, rolodex, Salesforce, Sand Hill Road, seminal paper, shareholder value, Silicon Valley, software as a service, sovereign wealth fund, Startup school, the long tail, Travis Kalanick, uber lyft, VA Linux, Y Combinator, zero-sum game

Among the reasons for this are that a VC can only sit on so many boards, so every time she fills up a slot on her dance card, she necessarily reduces her availability to invest in other companies. Another form of opportunity cost comes from conflicts: as a VC you can’t really invest in Facebook and Friendster or Lyft and Uber. Rather, the decision to invest in a company likely means that you are conflicted out of other companies that are directly competitive. To be clear, there is no prohibition against this, but the convention of the business makes this hard to do—as a VC you are lending your name and your firm’s brand to your investments, so it’s hard to invest in direct competitors without creating challenges for both companies in the marketplace.

Raising capital—This is an obvious one, but interestingly has declined in importance over the years as a major driver for companies to go public. It used to be that companies needed to go public because the private market tapped out pretty quickly when you started to contemplate raising $100 million-plus financing rounds. Now those are a dime a dozen, and we see some companies raising billions of dollars in the private marketplace—e.g., Uber, Lyft, Airbnb, and Pinterest, among others. There’s an ongoing chicken-and-egg debate about what created this—did the big financial players start investing in the private markets because startups were delaying going public, or did startups start delaying going public because they could raise huge sums of money in the private markets?

Will it ultimately be big enough and material to accomplishing my objectives as a VC? We mentioned Airbnb earlier in the context of discussing market size to illustrate that the answer to this question might not always be obvious. Now let’s look at Lyft as a way to show how you can best position market size as an entrepreneur. When Lyft was getting started (Lyft actually started as another company called Zimride, a long-distance ride-sharing company), it wasn’t obvious how big the market for ride-sharing could be. A lot of people evaluating the financing opportunity started with the existing taxi market as a proxy for market size and made some assumptions about what percentage of that market a ride-sharing service could reasonably capture.


Calling Bullshit: The Art of Scepticism in a Data-Driven World by Jevin D. West, Carl T. Bergstrom

airport security, algorithmic bias, AlphaGo, Amazon Mechanical Turk, Andrew Wiles, Anthropocene, autism spectrum disorder, bitcoin, Charles Babbage, cloud computing, computer vision, content marketing, correlation coefficient, correlation does not imply causation, crowdsourcing, cryptocurrency, data science, deep learning, deepfake, delayed gratification, disinformation, Dmitri Mendeleev, Donald Trump, Elon Musk, epigenetics, Estimating the Reproducibility of Psychological Science, experimental economics, fake news, Ford Model T, Goodhart's law, Helicobacter pylori, Higgs boson, invention of the printing press, John Markoff, Large Hadron Collider, longitudinal study, Lyft, machine translation, meta-analysis, new economy, nowcasting, opioid epidemic / opioid crisis, p-value, Pluto: dwarf planet, publication bias, RAND corporation, randomized controlled trial, replication crisis, ride hailing / ride sharing, Ronald Reagan, selection bias, self-driving car, Silicon Valley, Silicon Valley startup, social graph, Socratic dialogue, Stanford marshmallow experiment, statistical model, stem cell, superintelligent machines, systematic bias, tech bro, TED Talk, the long tail, the scientific method, theory of mind, Tim Cook: Apple, twin studies, Uber and Lyft, Uber for X, uber lyft, When a measure becomes a target

Let’s consider more of the strange ways that percentages can behave. In late April 2016, Uber was delivering about 161,000 rides per day in New York City while Lyft was delivering about 29,000 a day. A year later, Uber was delivering 291,000 rides per day and Lyft about 60,000 rides per day. This was an overall increase of 161,000 rides per day, from 190,000 rides per day to 351,000 rides per day. Of those 161,000 extra rides, Lyft contributed about 31,000 of them. Thus Lyft is responsible for about 16 percent of the increase, and Uber for the rest. So far so good. Over the same period, the number of yellow taxi rides plummeted from 398,000 per day to 355,000.

Over the same period, the number of yellow taxi rides plummeted from 398,000 per day to 355,000. If we look at the total number of rides by yellow taxi, Uber, or Lyft, we see a net increase, from 588,000 to 696,000. That’s a net increase of 108,000 rides per day. We already know that Lyft increased its rides by 31,000 per day over this period. So it looks like we could say that Lyft is responsible for 31,000 / 108,000 × 100 = 29% of the increase in overall rides. But that is odd. We said Lyft is responsible for about 24 percent of the increase in rides that ride-hailing services provide, but now we’re saying that Lyft is responsible for about 34 percent of the increase in rides by ride-hailing or taxi.

Science 251 (1991): 1408–11. Tefft, B. C., A. F. Williams, and J. G. Grabowski. “Teen Driver Risk in Relation to Age and Number of Passengers, United States, 2007–2010.” Traffic Injury Prevention 14 (2013): 283–92. Todd W. Schneider (blog). “Taxi, Uber, and Lyft Usage in New York City.” Schneider, Todd. April 5, 2016. http://toddwschneider.com/​posts/​taxi-uber-lyft-usage-new-york-city/. “Truthiness.” Dictionary.com. http://www.dictionary.com/​browse/​truthiness. “Use this Equation to Determine, Diagnose, and Repair Trust.” First Round Review. 2018. http://firstround.com/​review/​use-this-equation-to-determine-diagnose-and-repair-trust/.


pages: 608 words: 184,703

Moon Oregon Trail Road Trip: Historic Sites, Small Towns, and Scenic Landscapes Along the Legendary Westward Route by Katrina Emery, Moon Travel Guides

Airbnb, bike sharing, California gold rush, car-free, crowdsourcing, desegregation, Donner party, glass ceiling, indoor plumbing, Kickstarter, Lyft, Mason jar, mass immigration, pez dispenser, ride hailing / ride sharing, Rosa Parks, trade route, transcontinental railway, Uber and Lyft, uber lyft, urban planning, Works Progress Administration

The Forest Park Explorer (www.stladventurepass.com, Mon.-Fri. $2 adults, $1 seniors and children, Sat.-Sun. free) offers access to various attractions in the park as well as the nearby Delmar Loop district. It runs spring-summer 15-30 minutes on weekdays and every 15 minutes on weekends (9am-7pm daily May-Aug.). Uber (www.uber.com) and Lyft (www.lyft.com) also operate in St. Louis. Orientation Downtown Downtown St. Louis is a tight one square mile, bordered on its western edge by Tucker Boulevard, on its north by Cole Street, and on its south by Chouteau Avenue. It’s full of skyscrapers and office workers as well as hotels and restaurants, and the recently revamped Mississippi riverfront along Gateway Arch National Park on its eastern side.

Its 16 stops include Crown Center and the Power and Light District. To reach places farther south, like Westport or Country Club Plaza, drive or jump on the Kansas City Regional Transit bus (www.ridekc.org, $1.50 per ride, $3 day pass). The MAX line connects Country Club Plaza, and bus lines 39, 55, and 51 serve Westport. Uber (www.uber.com) and Lyft (www.lyft.com) also operate in Kansas City. One Day in Kansas City Morning Start the day with a delicious coffee and pastry from Messenger Coffee Co. + Ibis Bakery, then head to the City Market, where pioneers once traded goods. It’s full of fun vendors you can browse, with great shopping and more eats when you get hungry again.

Getting There and Around Lincoln is 41 miles (65 km) north of Beatrice on U.S. 77, about a 45-minute drive. Exit onto Rosa Parks Way and follow it for 2 miles (3.2 km), turning left onto South 10th Street into town. If you’re coming from Omaha, drive 50 miles (80 km) southwest on I-80. The drive from Omaha takes about an hour. Uber (www.uber.com) and Lyft (www.lyft.com) operate in Lincoln. Orientation Lincoln is laid out in an easily navigable grid of numbers (east-west) and letters (north-south). The numbers get higher as you head east, and the letters are alphabetically organized, beginning with A in the south and ending with Z in the north.


pages: 935 words: 197,338

The Power Law: Venture Capital and the Making of the New Future by Sebastian Mallaby

"Susan Fowler" uber, 23andMe, 90 percent rule, Adam Neumann (WeWork), adjacent possible, Airbnb, Apple II, barriers to entry, Ben Horowitz, Benchmark Capital, Big Tech, bike sharing, Black Lives Matter, Blitzscaling, Bob Noyce, book value, business process, charter city, Chuck Templeton: OpenTable:, Clayton Christensen, clean tech, cloud computing, cognitive bias, collapse of Lehman Brothers, Colonization of Mars, computer vision, coronavirus, corporate governance, COVID-19, cryptocurrency, deal flow, Didi Chuxing, digital map, discounted cash flows, disruptive innovation, Donald Trump, Douglas Engelbart, driverless car, Dutch auction, Dynabook, Elon Musk, Fairchild Semiconductor, fake news, family office, financial engineering, future of work, game design, George Gilder, Greyball, guns versus butter model, Hacker Ethic, Henry Singleton, hiring and firing, Hyperloop, income inequality, industrial cluster, intangible asset, iterative process, Jeff Bezos, John Markoff, junk bonds, Kickstarter, knowledge economy, lateral thinking, liberal capitalism, Louis Pasteur, low interest rates, Lyft, Marc Andreessen, Mark Zuckerberg, market bubble, Marshall McLuhan, Mary Meeker, Masayoshi Son, Max Levchin, Metcalfe’s law, Michael Milken, microdosing, military-industrial complex, Mitch Kapor, mortgage debt, move fast and break things, Network effects, oil shock, PalmPilot, pattern recognition, Paul Graham, paypal mafia, Peter Thiel, plant based meat, plutocrats, power law, pre–internet, price mechanism, price stability, proprietary trading, prudent man rule, quantitative easing, radical decentralization, Recombinant DNA, remote working, ride hailing / ride sharing, risk tolerance, risk/return, Robert Metcalfe, ROLM, rolodex, Ronald Coase, Salesforce, Sam Altman, Sand Hill Road, self-driving car, shareholder value, side project, Silicon Valley, Silicon Valley startup, Skype, smart grid, SoftBank, software is eating the world, sovereign wealth fund, Startup school, Steve Jobs, Steve Wozniak, Steven Levy, super pumped, superconnector, survivorship bias, tech worker, Teledyne, the long tail, the new new thing, the strength of weak ties, TikTok, Travis Kalanick, two and twenty, Uber and Lyft, Uber for X, uber lyft, urban decay, UUNET, vertical integration, Vilfredo Pareto, Vision Fund, wealth creators, WeWork, William Shockley: the traitorous eight, Y Combinator, Zenefits

It was a conscious statement that even starting from Uber’s exalted new valuation of $3.5 billion, the company had the scope to generate the 10x-plus multiple that Benchmark always targeted.[52] Over the next eighteen months, Gurley remained buoyant. The challenge from Hailo fizzled out as the firm failed to get the network flywheel started. Another challenger called Sidecar came to nothing. Only Lyft was putting up a fight, and Uber remained comfortably dominant. In the spring of 2014, Lyft raised a Series C of $250 million. Weeks later, Kalanick countered with a Series D that brought in a thumping $1.2 billion. Both Lyft and Uber spent the proceeds on subsidizing riders, but Gurley was unfazed. With capital from all manner of investors flooding into the Valley, Benchmark faced similar fundraising contests across its portfolio.

Didi responded by scorning Kalanick’s advances and going on the offensive not just in China but worldwide. It pumped $100 million into Uber’s rival Lyft. It announced technology-sharing alliances with Uber’s adversaries in other regions, including India and Southeast Asia. The blitzscaling wars had gone global. Gurley and David Bonderman were furious. Kalanick’s job was to cement his supremacy in his core markets, not burn capital in hostile territory. The CEO’s Napoleonic China adventure was exactly the sort of overreach that boards would traditionally have blocked, but Uber’s board had been neutered. As Gurley had foreseen in his essay, Uber was operating in such bountiful financial conditions that its value kept on rising even as Kalanick poured capital into a fight he would not win.

Toward the end of 2012, an Accel-backed service named Hailo launched a taxi-hailing app in Boston and Chicago, threatening to steal a march in a part of the market that was much larger than the expensive black-car segment. Determined not to let Hailo get ahead, Uber rolled out its own taxi service. Next, a startup called Zimride began experimenting with a cut-price service called Lyft, which allowed nonprofessional drivers to pick up passengers. At first, Kalanick expected the regulators to ban Lyft; surely uncertified amateur drivers, with no commercial insurance, would fall short of public-safety standards? Setting aside its normal practice of avoiding regulators, Uber lobbied the California Public Utilities Commission to shut down its rival, pointing out that its own professional black-car drivers were properly licensed.[49] But when the California regulators gave Lyft the green light, Kalanick did not wait.


pages: 304 words: 86,028

Bootstrapped: Liberating Ourselves From the American Dream by Alissa Quart

2021 United States Capitol attack, 3D printing, affirmative action, Affordable Care Act / Obamacare, Alan Greenspan, Bernie Sanders, Black Lives Matter, Burning Man, Capital in the Twenty-First Century by Thomas Piketty, carried interest, coronavirus, COVID-19, critical race theory, crowdsourcing, Daniel Kahneman / Amos Tversky, David Graeber, defund the police, Donald Trump, Elon Musk, financial independence, fixed income, George Floyd, gig economy, glass ceiling, high net worth, housing justice, hustle culture, illegal immigration, impact investing, income inequality, independent contractor, invisible hand, Jeff Bezos, lockdown, longitudinal study, loss aversion, Lyft, Marc Benioff, Mark Zuckerberg, meta-analysis, microaggression, Milgram experiment, minimum wage unemployment, multilevel marketing, obamacare, Overton Window, payday loans, post-work, Ralph Waldo Emerson, ride hailing / ride sharing, Ronald Reagan, Salesforce, Scientific racism, sharing economy, Sheryl Sandberg, side hustle, Silicon Valley, Silicon Valley ideology, Snapchat, social distancing, Steve Jobs, Steve Wozniak, tech worker, TED Talk, Travis Kalanick, trickle-down economics, Uber and Lyft, uber lyft, union organizing, W. E. B. Du Bois, wealth creators, women in the workforce, working poor, Works Progress Administration

Okawa, for instance, became involved in the opposition to California Proposition 22, the Uber- and Lyft-funded ballot measure that worked against California’s AB5. AB5 had been a huge victory when it was signed into law in 2019: it gave employee status to gig workers and made it much harder for the megacorporations to claim their workers were independent contractors rather than employees. Okawa also joined a local organizing group, We Drive Progress. The group defined itself as a collective of “app-based drivers,” those “behind the wheel of every trip for Uber, Lyft, Instacart, and beyond.” Their protests were aimed at “fair wages, benefits, and our unions” as well as earning a “fair share” of “the billions these companies and their investors pocket.”

And while on a good day she’d make $180, she also had to pay to rent the car, which was $200 for the week, and then also gas, which averaged $90 per week. She was cashing out every day so she could put gas in the car every night. “I had to work constantly,” she recalled. After a year, Okawa started talking to other gig workers about the way these app-based companies treated their contractors. Uber and Lyft still classified ride-hailing drivers as contractors, so these companies didn’t pay into state unemployment funds. A University of California at Berkeley study found that they would owe the state $413 million, for the period from 2014 to 2019 alone, if they had correctly classified their drivers as employees.

For instance, in the co-op’s early days, driver-owners did emergency food deliveries for those fearing COVID, for instance, and also drove their first customers to early voting at the behest of Ocasio-Cortez. The Drivers Cooperative’s cofounder Erik Forman, an organizer and a teacher with a taxi license, was inspired to create the co-op, he said, when frustrated drivers “kept coming to me to ask why we don’t start our own app.” Uber and Lyft claim to take 20 to 25 percent off of drivers’ rides, but a recent investigation revealed in some instances that the companies pocket as much as half. As we read in the account of Saori Okawa’s driving life in chapter 10, that the companies take such large shares of the profits was a problem exacerbated by pandemic economic losses and risks.


pages: 242 words: 73,728

Give People Money by Annie Lowrey

Abraham Maslow, affirmative action, Affordable Care Act / Obamacare, agricultural Revolution, Airbnb, airport security, autonomous vehicles, barriers to entry, basic income, Bernie Sanders, bitcoin, Black Lives Matter, carbon tax, clean water, collective bargaining, computer age, crowdsourcing, cryptocurrency, deindustrialization, desegregation, Donald Trump, driverless car, Edward Glaeser, Elon Musk, ending welfare as we know it, everywhere but in the productivity statistics, full employment, gender pay gap, gentrification, gig economy, Google Earth, Home mortgage interest deduction, income inequality, indoor plumbing, information asymmetry, Jaron Lanier, jitney, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, Kickstarter, Kodak vs Instagram, labor-force participation, late capitalism, Lyft, M-Pesa, Mahatma Gandhi, Mark Zuckerberg, mass incarceration, McMansion, Menlo Park, mobile money, Modern Monetary Theory, mortgage tax deduction, multilevel marketing, new economy, obamacare, opioid epidemic / opioid crisis, Overton Window, Peter Thiel, post scarcity, post-work, Potemkin village, precariat, public intellectual, randomized controlled trial, ride hailing / ride sharing, Robert Bork, Robert Solow, Ronald Reagan, Rutger Bregman, Sam Altman, self-driving car, Silicon Valley, single-payer health, Steve Jobs, TaskRabbit, tech billionaire, The future is already here, The Future of Employment, theory of mind, total factor productivity, Turing test, two tier labour market, Uber and Lyft, uber lyft, universal basic income, uranium enrichment, War on Poverty, warehouse robotics, Watson beat the top human players on Jeopardy!, We wanted flying cars, instead we got 140 characters, women in the workforce, working poor, World Values Survey, Y Combinator

“There were more and more people jumping on to Lyft and Uber, especially Uber, and then at one point, Uber was doing this special thing to try and get more passengers, where they did a discount or they took out the service charge for passengers,” Heather Smith, an Uber and Lyft driver, told me. (I agreed to withhold her real last name, to avoid retaliation by her employers.) “When I would look at my breakdown of payment, I was basically seeing them pay themselves and then take half the service charge and then pay me. I said, ‘Fuck it. Good-bye, Uber.’ ” She told me that she did make decent money mentoring new drivers for Lyft. “Well, they didn’t compensate for me doing the calls and stuff like that, but once I would meet with the person and do a mentor session, which is usually like thirty minutes, forty-five at the max, then I would be paid $35 just for that session,” she said.

“Was that enough to live on in Pittsburgh?” “No.” Companies like Uber can pay their workers so little because they are often not employees. On-demand, gig-economy firms usually do not hire their drivers or shoppers or delivery workers, instead classifying them as contractors and buying their services. That means that the companies are not subject to minimum-wage rules. They do not need to divert their workers’ paychecks into unemployment-insurance funds or Social Security. They are not required to offer health care to workers who spend full-time hours on the clock. Many Uber and Lyft drivers feel the companies had misled them, promising, if not employment in a traditional sense, a stake in something.

Uber is just the biggest and most visible of these players. Others include the freelance-services marketplace Fiverr, Uber’s ridesharing rival Lyft, the grocery delivery company Instacart, and the do-anything handyman service TaskRabbit, now part of Ikea. Nobody quite knows the size of the diverse and chaotic and fast-changing pool of workers serving these businesses, but estimates drift as high as 45 million. For all these start-ups, the basic business model is the same. The company offers a Web- or mobile-based platform, light and endlessly scalable to new consumers. That platform connects individuals offering a product or service to folks in search of that product or service, whether it be a ride, a sandwich, or a hand to change hard-to-reach lightbulbs.


pages: 447 words: 111,991

Exponential: How Accelerating Technology Is Leaving Us Behind and What to Do About It by Azeem Azhar

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, 23andMe, 3D printing, A Declaration of the Independence of Cyberspace, Ada Lovelace, additive manufacturing, air traffic controllers' union, Airbnb, algorithmic management, algorithmic trading, Amazon Mechanical Turk, autonomous vehicles, basic income, Berlin Wall, Bernie Sanders, Big Tech, Bletchley Park, Blitzscaling, Boeing 737 MAX, book value, Boris Johnson, Bretton Woods, carbon footprint, Chris Urmson, Citizen Lab, Clayton Christensen, cloud computing, collective bargaining, computer age, computer vision, contact tracing, contact tracing app, coronavirus, COVID-19, creative destruction, crowdsourcing, cryptocurrency, cuban missile crisis, Daniel Kahneman / Amos Tversky, data science, David Graeber, David Ricardo: comparative advantage, decarbonisation, deep learning, deglobalization, deindustrialization, dematerialisation, Demis Hassabis, Diane Coyle, digital map, digital rights, disinformation, Dissolution of the Soviet Union, Donald Trump, Double Irish / Dutch Sandwich, drone strike, Elon Musk, emotional labour, energy security, Fairchild Semiconductor, fake news, Fall of the Berlin Wall, Firefox, Frederick Winslow Taylor, fulfillment center, future of work, Garrett Hardin, gender pay gap, general purpose technology, Geoffrey Hinton, gig economy, global macro, global pandemic, global supply chain, global value chain, global village, GPT-3, Hans Moravec, happiness index / gross national happiness, hiring and firing, hockey-stick growth, ImageNet competition, income inequality, independent contractor, industrial robot, intangible asset, Jane Jacobs, Jeff Bezos, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, John Perry Barlow, Just-in-time delivery, Kickstarter, Kiva Systems, knowledge worker, Kodak vs Instagram, Law of Accelerating Returns, lockdown, low skilled workers, lump of labour, Lyft, manufacturing employment, Marc Benioff, Mark Zuckerberg, megacity, Mitch Kapor, Mustafa Suleyman, Network effects, new economy, NSO Group, Ocado, offshore financial centre, OpenAI, PalmPilot, Panopticon Jeremy Bentham, Peter Thiel, Planet Labs, price anchoring, RAND corporation, ransomware, Ray Kurzweil, remote working, RFC: Request For Comment, Richard Florida, ride hailing / ride sharing, Robert Bork, Ronald Coase, Ronald Reagan, Salesforce, Sam Altman, scientific management, Second Machine Age, self-driving car, Shoshana Zuboff, Silicon Valley, Social Responsibility of Business Is to Increase Its Profits, software as a service, Steve Ballmer, Steve Jobs, Stuxnet, subscription business, synthetic biology, tacit knowledge, TaskRabbit, tech worker, The Death and Life of Great American Cities, The Future of Employment, The Nature of the Firm, Thomas Malthus, TikTok, Tragedy of the Commons, Turing machine, Uber and Lyft, Uber for X, uber lyft, universal basic income, uranium enrichment, vertical integration, warehouse automation, winner-take-all economy, workplace surveillance , Yom Kippur War

Lyft’, Bloomberg Second Measure, 2020 <https://secondmeasure.com/datapoints/rideshare-industry-overview/> [accessed 23 September 2020]. 54 ‘Gig Economy Research’, Gov.uk, 7 February 2018 <https://www.gov.uk/government/publications/gig-economy-research> [accessed 21 September 2020]. 55 Ravi Agrawal, ‘The Hidden Benefits of Uber’, Foreign Policy, 16 July 2018 <https://foreignpolicy.com/2018/07/16/why-india-gives-uber-5-stars-gig-economy-jobs/> [accessed 21 September 2020]. 56 Department for Business, Energy & Industrial Strategy, ‘Gig Economy Research’, Gov.uk, 7 February 2018 <https://www.gov.uk/government/publications/gig-economy-research> [accessed 21 September 2020]. 57 Directorate General for Internal Policies, The Social Protection of Workers in the Platform Economy, Study for the EMPL Committee, IP/A/EMPL/2016-11 (European Parliament, 2017). 58 Nicole Karlis, ‘DoorDash Drivers Make an Average of $1.45 an Hour, Analysis Finds’, Salon, 19 January 2020 <https://www.salon.com/2020/01/19/doordash-drivers-make-an-average-of-145-an-hour-analysis-finds/> [accessed 27 March 2021]. 59 Kate Conger, ‘Uber and Lyft Drivers in California Will Remain Contractors’, New York Times, 4 November 2020 <https://www.nytimes.com/2020/11/04/technology/california-uber-lyft-prop-22.html> [accessed 12 January 2021]. 60 Mary-Ann Russon, ‘Uber Drivers Are Workers Not Self-Employed, Supreme Court Rules’, BBC News, 19 February 2021 <https://www.bbc.com/news/business-56123668> [accessed 29 March 2021]. 61 ‘Judgement: Uber BV and Others (Appellants) v Aslam and Others (Respondents)’, 19 February 2021 <https://www.supremecourt.uk/cases/docs/uksc-2019-0029-judgment.pdf> [accessed 19 March 2021]. 62 ‘Frederick Winslow Taylor: Father of Scientific Management Thinker’, The British Library <https://www.bl.uk/people/frederick-winslow-taylor> [accessed 29 March 2021]. 63 Nikil Saval, Cubed: A Secret History of the Workplace (New York: Anchor Books, 2015), p. 42. 64 Saval, Cubed, p. 56. 65 Alex Rosenblat, Tamara Kneese and danah boyd, Workplace Surveillance (Data & Society Research Institute, 4 January 2017) <https://doi.org/10.31219/osf.io/7ryk4>. 66 ‘In March 2017, the Japanese Government Formulated the Work Style Reform Action Plan.’, Social Innovation, September 2017 <https://social-innovation.hitachi/en/case_studies/ai_happiness/> [accessed 6 October 2020]. 67 Alex Hern, ‘Microsoft Productivity Score Feature Criticised as Workplace Surveillance’, The Guardian, 26 November 2020 <http://www.theguardian.com/technology/2020/nov/26/microsoft-productivity-score-feature-criticised-workplace-surveillance> [accessed 1 April 2021]. 68 Stephen Chen, ‘Chinese Surveillance Programme Mines Data from Workers’ Brains’, South China Morning Post, 28 April 2018 <https://www.scmp.com/news/china/society/article/2143899/forget-facebook-leak-china-mining-data-directly-workers-brains> [accessed 6 October 2020]. 69 Robert Booth, ‘Unilever Saves on Recruiters by Using AI to Assess Job Interviews’, The Guardian, 25 October 2019 <http://www.theguardian.com/technology/2019/oct/25/unilever-saves-on-recruiters-by-using-ai-to-assess-job-interviews> [accessed 6 October 2020]. 70 Chartered Institute of Personnel and Development, ‘Workplace Technology: The Employee Experience’ (CIPD: July 2020) <https://www.cipd.co.uk/Images/workplace-technology-1_tcm18-80853.pdf> [accessed 19 May 2021]. 71 Sarah O’Connor, ‘When Your Boss Is an Algorithm’, Financial Times, 7 September 2016 <https://www.ft.com/content/88fdc58e-754f-11e6-b60a-de4532d5ea35> [accessed 3 August 2020]. 72 Tom Barratt et al., ‘Algorithms Workers Can’t See Are Increasingly Pulling the Management Strings’, Management Today, 25 August 2020 <http://www.managementtoday.co.uk/article/1692636?

., 23 February 2021 <https://investors.upwork.com/news-releases/news-release-details/upwork-reports-fourth-quarter-and-full-year-2020-financial> [accessed 21 April 2021]. 53 Lijin Yeo, ‘The U.S. Rideshare Industry: Uber vs. Lyft’, Bloomberg Second Measure, 2020 <https://secondmeasure.com/datapoints/rideshare-industry-overview/> [accessed 23 September 2020]. 54 ‘Gig Economy Research’, Gov.uk, 7 February 2018 <https://www.gov.uk/government/publications/gig-economy-research> [accessed 21 September 2020]. 55 Ravi Agrawal, ‘The Hidden Benefits of Uber’, Foreign Policy, 16 July 2018 <https://foreignpolicy.com/2018/07/16/why-india-gives-uber-5-stars-gig-economy-jobs/> [accessed 21 September 2020]. 56 Department for Business, Energy & Industrial Strategy, ‘Gig Economy Research’, Gov.uk, 7 February 2018 <https://www.gov.uk/government/publications/gig-economy-research> [accessed 21 September 2020]. 57 Directorate General for Internal Policies, The Social Protection of Workers in the Platform Economy, Study for the EMPL Committee, IP/A/EMPL/2016-11 (European Parliament, 2017). 58 Nicole Karlis, ‘DoorDash Drivers Make an Average of $1.45 an Hour, Analysis Finds’, Salon, 19 January 2020 <https://www.salon.com/2020/01/19/doordash-drivers-make-an-average-of-145-an-hour-analysis-finds/> [accessed 27 March 2021]. 59 Kate Conger, ‘Uber and Lyft Drivers in California Will Remain Contractors’, New York Times, 4 November 2020 <https://www.nytimes.com/2020/11/04/technology/california-uber-lyft-prop-22.html> [accessed 12 January 2021]. 60 Mary-Ann Russon, ‘Uber Drivers Are Workers Not Self-Employed, Supreme Court Rules’, BBC News, 19 February 2021 <https://www.bbc.com/news/business-56123668> [accessed 29 March 2021]. 61 ‘Judgement: Uber BV and Others (Appellants) v Aslam and Others (Respondents)’, 19 February 2021 <https://www.supremecourt.uk/cases/docs/uksc-2019-0029-judgment.pdf> [accessed 19 March 2021]. 62 ‘Frederick Winslow Taylor: Father of Scientific Management Thinker’, The British Library <https://www.bl.uk/people/frederick-winslow-taylor> [accessed 29 March 2021]. 63 Nikil Saval, Cubed: A Secret History of the Workplace (New York: Anchor Books, 2015), p. 42. 64 Saval, Cubed, p. 56. 65 Alex Rosenblat, Tamara Kneese and danah boyd, Workplace Surveillance (Data & Society Research Institute, 4 January 2017) <https://doi.org/10.31219/osf.io/7ryk4>. 66 ‘In March 2017, the Japanese Government Formulated the Work Style Reform Action Plan.’, Social Innovation, September 2017 <https://social-innovation.hitachi/en/case_studies/ai_happiness/> [accessed 6 October 2020]. 67 Alex Hern, ‘Microsoft Productivity Score Feature Criticised as Workplace Surveillance’, The Guardian, 26 November 2020 <http://www.theguardian.com/technology/2020/nov/26/microsoft-productivity-score-feature-criticised-workplace-surveillance> [accessed 1 April 2021]. 68 Stephen Chen, ‘Chinese Surveillance Programme Mines Data from Workers’ Brains’, South China Morning Post, 28 April 2018 <https://www.scmp.com/news/china/society/article/2143899/forget-facebook-leak-china-mining-data-directly-workers-brains> [accessed 6 October 2020]. 69 Robert Booth, ‘Unilever Saves on Recruiters by Using AI to Assess Job Interviews’, The Guardian, 25 October 2019 <http://www.theguardian.com/technology/2019/oct/25/unilever-saves-on-recruiters-by-using-ai-to-assess-job-interviews> [accessed 6 October 2020]. 70 Chartered Institute of Personnel and Development, ‘Workplace Technology: The Employee Experience’ (CIPD: July 2020) <https://www.cipd.co.uk/Images/workplace-technology-1_tcm18-80853.pdf> [accessed 19 May 2021]. 71 Sarah O’Connor, ‘When Your Boss Is an Algorithm’, Financial Times, 7 September 2016 <https://www.ft.com/content/88fdc58e-754f-11e6-b60a-de4532d5ea35> [accessed 3 August 2020]. 72 Tom Barratt et al., ‘Algorithms Workers Can’t See Are Increasingly Pulling the Management Strings’, Management Today, 25 August 2020 <http://www.managementtoday.co.uk/article/1692636?

The state of California passed Assembly Bill 5 in 2019, which mandated freelancers to be classified as employees and so have access to the requisite perks. Uber, Lyft and DoorDash were not keen. Through the most expensive lobbying effort in Californian history, they successfully got the state to pass Proposition 22, which granted them an exception – to keep classifying their drivers as independent contractors, albeit with some wage and health protections.59 A similar battle was underway across the Atlantic. In London, James Farrar and Yaseen Aslam, two drivers, took Uber to court, arguing that they weren’t self-employed but should be considered workers under British law.


pages: 244 words: 66,977

Subscribed: Why the Subscription Model Will Be Your Company's Future - and What to Do About It by Tien Tzuo, Gabe Weisert

3D printing, Airbnb, airport security, Amazon Web Services, augmented reality, autonomous vehicles, Big Tech, bike sharing, blockchain, Brexit referendum, Build a better mousetrap, business cycle, business intelligence, business process, call centre, cloud computing, cognitive dissonance, connected car, data science, death of newspapers, digital nomad, digital rights, digital twin, double entry bookkeeping, Elon Musk, factory automation, fake news, fiat currency, Ford Model T, fulfillment center, growth hacking, hockey-stick growth, Internet of things, inventory management, iterative process, Jeff Bezos, John Zimmer (Lyft cofounder), Kevin Kelly, Lean Startup, Lyft, manufacturing employment, Marc Benioff, Mary Meeker, megaproject, minimum viable product, natural language processing, Network effects, Nicholas Carr, nuclear winter, pets.com, planned obsolescence, pneumatic tube, profit maximization, race to the bottom, ride hailing / ride sharing, Salesforce, Sand Hill Road, shareholder value, Silicon Valley, skunkworks, smart meter, social graph, software as a service, spice trade, Steve Ballmer, Steve Jobs, subscription business, systems thinking, tech worker, TED Talk, Tim Cook: Apple, transport as a service, Uber and Lyft, uber lyft, WeWork, Y2K, Zipcar

Oh, and guess what? Uber does in fact offer monthly subscriptions. Right now Uber is testing a flat-rate subscription service in several cities. Users can pay a monthly fee in exchange for bundles of reduced-rate trips with no surge pricing. In other words, Uber will cut you a deal on rides in exchange for steady business. The company may take a short-term profitability hit, but the goal is to gain long-term customer loyalty in a very young and turbulent market—and this customer loyalty is becoming more and more important as ridesharing becomes a commodity. Here in the Bay Area, the Uber and Lyft markets are really fluid.

That experience let us see a future world where car ownership would not be necessary. Today more than 60 million riders use Uber and Lyft. These ridesharing services have ushered in a whole new set of consumer priorities: Why buy a car at all, when all you need to do to get from point A to point B is pull out your phone? Why can’t I just subscribe to transportation the same way I subscribe to electricity and internet access? But wait, you might say. Uber isn’t a subscription service—there are no monthly fees. I disagree. It sure looks and feels like a digital subscription service to me. Uber has your ID and all your payment particulars, and it employs usage-based pricing so that you pay for only what you use.

All due respect to other potential ecommerce vendors, but Amazon has my business, in no small part due to Amazon Prime—they hooked me with the free shipping, and now I’ve got music, movies, and all sorts of other services. I’m not going anywhere. Uber and Lyft are both vying for that same lock-in effect by offering discounted services around consistent consumption patterns—in other words, they’re going after my commute. As Lyft president John Zimmer, anticipating fully autonomous vehicles, told The New York Times: “The cost of owning a car is $9,000 a year. Let’s say we offer a $500 monthly plan in which you can tap a button and get access to transportation whenever you want it, and you get to choose your room-on-wheels experience.


pages: 349 words: 99,230

Essential: How the Pandemic Transformed the Long Fight for Worker Justice by Jamie K. McCallum

Affordable Care Act / Obamacare, American Legislative Exchange Council, Anthropocene, antiwork, Bear Stearns, Bernie Sanders, Black Lives Matter, carbon tax, cognitive dissonance, collective bargaining, company town, coronavirus, COVID-19, death from overwork, defund the police, deindustrialization, deskilling, Donald Trump, Elon Musk, future of work, George Floyd, gig economy, global pandemic, global supply chain, Great Leap Forward, green new deal, housing crisis, income inequality, independent contractor, invisible hand, Jeff Bezos, job automation, karōshi / gwarosa / guolaosi, labor-force participation, laissez-faire capitalism, lockdown, Loma Prieta earthquake, low-wage service sector, Lyft, manufacturing employment, market fundamentalism, minimum wage unemployment, moral hazard, Naomi Klein, occupational segregation, post-work, QR code, race to the bottom, remote working, rewilding, ride hailing / ride sharing, side hustle, single-payer health, social distancing, stock buybacks, strikebreaker, subprime mortgage crisis, TaskRabbit, The Great Resignation, the strength of weak ties, trade route, Triangle Shirtwaist Factory, Uber and Lyft, uber lyft, union organizing, Upton Sinclair, women in the workforce, working poor, workplace surveillance , Works Progress Administration, zoonotic diseases

Suhauna Hussain, Johana Bhuiyan, and Ryan Menezes, “How Uber and Lyft Persuaded California to Vote Their Way,” Los Angeles Times, November 13, 2020, www.latimes.com/business/technology/story/2020-11-13/how-uber-lyft-doordash-won-proposition-22. 37. Eve Batey, “Eater Readers Overwhelmingly Oppose Prop 22,” Eater SF, November 2, 2020, https://sf.eater.com/2020/11/2/21546110/doordash-uber-prop-22-election-2020-polling; Alex N. Press, “With Prop 22’s Passage in California, Tech Companies Are Just Writing Their Own Laws Now,” Jacobin, November 5, 2020, https://jacobinmag.com/2020/11/proposition-22-california-uber-lyft-gig-employee. 38.

A Lot Is at Stake,” Los Angeles Times, October 16, 2020, www.latimes.com/california/story/2020-10-16/skelton-proposition-22-uber-lyft-independent-contractors. 39. Sam Harnett, “Prop. 22 Explained: Why Gig Companies Are Spending Huge Money on an Unprecedented Measure,” KQED, October 26, 2020, www.kqed.org/news/11843123/prop-22-explained-why-gig-companies-are-spending-huge-money-on-an-unprecedented-measure. 40. Alexander Sammon, “Prop 22 Is Here, and It’s Already Worse Than Expected,” American Prospect, January 15, 2021, https://prospect.org/api/content/2967b920-56ac-11eb-904a-1244d5f7c7c6/. 41. Don Seiffert, “Uber-Backed Group Says Prop 22 Ruling Won’t Affect Mass.

Ballot Drive,” Boston Business Journal, August 22, 2021, www.bizjournals.com/boston/news/2021/08/22/uber-backed-group-massachusetts-prop-22-ruling.html; Nate Raymond, “Companies-Backed Massachusetts Gig Worker Ballot Measure Clears Key Hurdle,” Reuters, September 1, 2021, www.reuters.com/world/us/companies-backed-massachusetts-gig-worker-ballot-measure-clears-key-hurdle-2021-09-01/; Alex N. Press, “Gig Companies Are Bringing the Disastrous Prop 22 to a State Near You,” Jacobin, August 16, 2021, https://jacobinmag.com/2021/08/gig-tech-companies-rideshare-ride-hail-uber-lyft-prop-22-contractor-employee-worker-protections-massachusetts-bill. 42.


pages: 288 words: 86,995

Rule of the Robots: How Artificial Intelligence Will Transform Everything by Martin Ford

AI winter, Airbnb, algorithmic bias, algorithmic trading, Alignment Problem, AlphaGo, Amazon Mechanical Turk, Amazon Web Services, artificial general intelligence, Automated Insights, autonomous vehicles, backpropagation, basic income, Big Tech, big-box store, call centre, carbon footprint, Chris Urmson, Claude Shannon: information theory, clean water, cloud computing, commoditize, computer age, computer vision, Computing Machinery and Intelligence, coronavirus, correlation does not imply causation, COVID-19, crowdsourcing, data is the new oil, data science, deep learning, deepfake, DeepMind, Demis Hassabis, deskilling, disruptive innovation, Donald Trump, Elon Musk, factory automation, fake news, fulfillment center, full employment, future of work, general purpose technology, Geoffrey Hinton, George Floyd, gig economy, Gini coefficient, global pandemic, Googley, GPT-3, high-speed rail, hype cycle, ImageNet competition, income inequality, independent contractor, industrial robot, informal economy, information retrieval, Intergovernmental Panel on Climate Change (IPCC), Internet of things, Jeff Bezos, job automation, John Markoff, Kiva Systems, knowledge worker, labor-force participation, Law of Accelerating Returns, license plate recognition, low interest rates, low-wage service sector, Lyft, machine readable, machine translation, Mark Zuckerberg, Mitch Kapor, natural language processing, Nick Bostrom, Northpointe / Correctional Offender Management Profiling for Alternative Sanctions, Ocado, OpenAI, opioid epidemic / opioid crisis, passive income, pattern recognition, Peter Thiel, Phillips curve, post scarcity, public intellectual, Ray Kurzweil, recommendation engine, remote working, RFID, ride hailing / ride sharing, Robert Gordon, Rodney Brooks, Rubik’s Cube, Sam Altman, self-driving car, Silicon Valley, Silicon Valley startup, social distancing, SoftBank, South of Market, San Francisco, special economic zone, speech recognition, stealth mode startup, Stephen Hawking, superintelligent machines, TED Talk, The Future of Employment, The Rise and Fall of American Growth, the scientific method, Turing machine, Turing test, Tyler Cowen, Tyler Cowen: Great Stagnation, Uber and Lyft, uber lyft, universal basic income, very high income, warehouse automation, warehouse robotics, Watson beat the top human players on Jeopardy!, WikiLeaks, women in the workforce, Y Combinator

The problem with the assumption that self-driving technology will ride to their rescue is that Uber and Lyft are viewed as attractive internet-based businesses—and valued accordingly—because they act primarily as digital intermediaries, harvesting a slice of every transaction in return for providing software that automatically matches riders with drivers. This allows the companies to completely avoid the risky and unpleasant parts of the taxi business: stuff like owning, financing, maintaining and insuring vehicles. All of that gets pushed onto the drivers. No oil changes, car washes or flat tires for Uber or Lyft; they largely remain above the fray, hoovering up clean internet fees.

(Video and audio podcast available.) 59. Stefan Seltz-Axmacher, “The end of Starsky Robotics,” Starsky Robotics 10-4 Labs Blog, March 19, 2020, medium.com/starsky-robotics-blog/the-end-of-starsky-robotics-acb8a6a8a5f5. 60. Sam Dean, “Uber fares are cheap, thanks to venture capital. But is that free ride ending?,” Los Angeles Times, May 11, 2019, www.latimes.com/business/technology/la-fi-tn-uber-ipo-lyft-fare-increase-20190511-story.html. 61. Darrell Etherington, “Waymo has now driven 10 billion autonomous miles in simulation,” TechCrunch, July 10, 2019, techcrunch.com/2019/07/10/waymo-has-now-driven-10-billion-autonomous-miles-in-simulation/. 62.

He went on to suggest that Tesla would have a million such cars operating on public roads by the end of 2020.1 By “robotaxis,” Musk meant genuine self-driving cars, capable of operating with no one inside and able to pick up passengers and deliver them to random locations. In other words, a truly robotic version of Uber or Lyft. This was an astonishing prediction: far out of line with the expectations of virtually every other expert I have talked to. A few days later, I appeared on Bloomberg TV and said that I was “astounded by” Musk’s prediction and that I thought it was “extraordinarily optimistic and perhaps even a bit reckless.”


pages: 208 words: 57,602

Futureproof: 9 Rules for Humans in the Age of Automation by Kevin Roose

"World Economic Forum" Davos, adjacent possible, Airbnb, Albert Einstein, algorithmic bias, algorithmic management, Alvin Toffler, Amazon Web Services, Atul Gawande, augmented reality, automated trading system, basic income, Bayesian statistics, Big Tech, big-box store, Black Lives Matter, business process, call centre, choice architecture, coronavirus, COVID-19, data science, deep learning, deepfake, DeepMind, disinformation, Elon Musk, Erik Brynjolfsson, factory automation, fake news, fault tolerance, Frederick Winslow Taylor, Freestyle chess, future of work, Future Shock, Geoffrey Hinton, George Floyd, gig economy, Google Hangouts, GPT-3, hiring and firing, hustle culture, hype cycle, income inequality, industrial robot, Jeff Bezos, job automation, John Markoff, Kevin Roose, knowledge worker, Kodak vs Instagram, labor-force participation, lockdown, Lyft, mandatory minimum, Marc Andreessen, Mark Zuckerberg, meta-analysis, Narrative Science, new economy, Norbert Wiener, Northpointe / Correctional Offender Management Profiling for Alternative Sanctions, off-the-grid, OpenAI, pattern recognition, planetary scale, plutocrats, Productivity paradox, QAnon, recommendation engine, remote working, risk tolerance, robotic process automation, scientific management, Second Machine Age, self-driving car, Shoshana Zuboff, Silicon Valley, Silicon Valley startup, social distancing, Steve Jobs, Stuart Kauffman, surveillance capitalism, tech worker, The Future of Employment, The Wealth of Nations by Adam Smith, TikTok, Travis Kalanick, Uber and Lyft, uber lyft, universal basic income, warehouse robotics, Watson beat the top human players on Jeopardy!, work culture

In these jobs, most of the work is directed and overseen by machines, and humans act as the gap-fillers, doing only the things the machines can’t yet do on their own. Prominent examples of machine-managed jobs include gig work for companies like Uber, Lyft, and Postmates, along with the work performed by Amazon warehouse workers, Facebook and Twitter content moderators, and other people whose jobs consist mainly of carrying out instructions given to them by a machine. Machine-managed jobs are less about collaborating with AI systems, and more about serving them. An Uber driver is not “collaborating” with Uber’s ride-matching algorithm, any more than a military cadet is “collaborating” with the drill sergeant who gives her marching orders.

I interviewed users of social media platforms like YouTube and Facebook, who had thought that those platforms’ AI-driven recommendation systems would help them find interesting and relevant content, but who had instead been led down rabbit holes filled with misinformation and conspiracy theories. I heard about teachers whose schools had implemented high-tech “personalized learning” systems in hopes of improving student outcomes, but who had found themselves fumbling with broken tablet computers and erratic software. I listened to the complaints of Uber and Lyft drivers who had been lured by the promise of flexible employment, but then found themselves suffering under the thumb of a draconian algorithm that nudged them to work longer hours, punished them for taking breaks, and constantly manipulated their pay. All of these stories seemed to indicate that AI and automation were working well for some people—namely, the executives and investors who built and profited from the technology—but that they weren’t making life better for everyone.

Freelancers for Full-time Machines also allow companies to substitute part-time, temporary, and contingent workers for full-time employees, by breaking jobs down into standardized tasks that can be performed by relative amateurs and allowing small numbers of managers to supervise large, flexible workforces. The typical examples of this phenomenon are gig economy companies like Uber, Lyft, and Airbnb, all of which have made it possible for people with cars and spare bedrooms to compete with professional drivers and hoteliers. But a better example may be what’s happened in my industry. Several decades ago, human journalists were employed at newspapers, magazines, and TV stations, and given the job of separating fact from fiction, deciding which stories were appropriate for an audience, and ranking the day’s news in order of importance.


pages: 524 words: 130,909

The Contrarian: Peter Thiel and Silicon Valley's Pursuit of Power by Max Chafkin

3D printing, affirmative action, Airbnb, anti-communist, bank run, Bernie Sanders, Big Tech, bitcoin, Black Lives Matter, Black Monday: stock market crash in 1987, Blitzscaling, Boeing 747, borderless world, Cambridge Analytica, charter city, cloud computing, cognitive dissonance, Cornelius Vanderbilt, coronavirus, COVID-19, Credit Default Swap, cryptocurrency, David Brooks, David Graeber, DeepMind, digital capitalism, disinformation, don't be evil, Donald Trump, driverless car, Electric Kool-Aid Acid Test, Elon Musk, Ethereum, Extropian, facts on the ground, Fairchild Semiconductor, fake news, Ferguson, Missouri, Frank Gehry, Gavin Belson, global macro, Gordon Gekko, Greyball, growth hacking, guest worker program, Hacker News, Haight Ashbury, helicopter parent, hockey-stick growth, illegal immigration, immigration reform, Internet Archive, Jeff Bezos, John Markoff, Kevin Roose, Kickstarter, Larry Ellison, life extension, lockdown, low interest rates, Lyft, Marc Andreessen, Mark Zuckerberg, Maui Hawaii, Max Levchin, Menlo Park, military-industrial complex, moral panic, move fast and break things, Neal Stephenson, Nelson Mandela, Network effects, off grid, offshore financial centre, oil shale / tar sands, open borders, operational security, PalmPilot, Paris climate accords, Patri Friedman, paypal mafia, Peter Gregory, Peter Thiel, pets.com, plutocrats, Ponzi scheme, prosperity theology / prosperity gospel / gospel of success, public intellectual, QAnon, quantitative hedge fund, quantitative trading / quantitative finance, randomized controlled trial, regulatory arbitrage, Renaissance Technologies, reserve currency, ride hailing / ride sharing, risk tolerance, Robinhood: mobile stock trading app, Ronald Reagan, Sam Altman, Sand Hill Road, self-driving car, sharing economy, Sheryl Sandberg, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, Silicon Valley startup, skunkworks, social distancing, software is eating the world, sovereign wealth fund, Steve Bannon, Steve Jobs, Steven Levy, Stewart Brand, surveillance capitalism, TaskRabbit, tech billionaire, tech worker, TechCrunch disrupt, techlash, technology bubble, technoutopianism, Ted Kaczynski, TED Talk, the new new thing, the scientific method, Tim Cook: Apple, transaction costs, Travis Kalanick, Tyler Cowen, Uber and Lyft, uber lyft, Upton Sinclair, Vitalik Buterin, We wanted flying cars, instead we got 140 characters, Whole Earth Catalog, WikiLeaks, William Shockley: the traitorous eight, Y Combinator, Y2K, yellow journalism, Zenefits

Wired focused less on economics and more on cultural potential. “How Airbnb and Lyft Finally Got Americans to Trust Each Other,” a feature proclaimed. It argued that these Silicon Valley companies had the potential to return us to a form of “the neighborly interactions that defined pre-industrial society.” But, of course, Airbnb and Lyft also had implications beyond neighborliness. They were projects designed to reshape labor markets, removing the protections that workers had enjoyed since the New Deal, which was among the worst developments in American political history, as far as Thiel was concerned. Uber and Lyft drivers, TaskRabbit and Postmates workers, and the part-time hoteliers of Airbnb were not employees and couldn’t be by definition.

At the moment, Thiel’s investment firm, Founders Fund, was throwing money behind the hottest Silicon Valley trend: the “sharing economy.” The term described a class of startups in which unemployed people, or those looking for extra income, offered professional services on smartphone apps—Thiel’s firm invested in most of the biggest players. There was Lyft, a ride-hailing app that replaced taxi drivers with regular people driving their own cars. (Lyft developed this idea; Uber would copy it and make it famous.) The Founders Fund portfolio also included Airbnb, a lodging service to let people rent out spare bedrooms or vacation homes; TaskRabbit, where “gig workers” offered to do odd jobs, like laundry and dogwalking; and Postmates, a similar service, except the gig workers delivered you gourmet food instead of putting together your IKEA furniture.

., “Americans Who Mainly Get Their News on Social Media Are Less Engaged, Less Knowledgeable,” Pew Research Center, July 30, 2020, https://www.journalism.org/2020/07/30/americans-who-mainly-get-their-news-on-social-media-are-less-engaged-less-knowledgeable/. to rein them in: Kaushik Viswanath, “How Uber and Airbnb Created a Parasite Economy,” Marker, September 14, 2020, https://marker.medium.com/uber-and-airbnb-are-parasites-but-they-dont-have-to-be-36909355ac3b; Paris Martineau, “Inside Airbnb’s ‘Guerilla War’ Against Local Governments,” Wired, March, 20, 2019, https://www.wired.com/story/inside-airbnbs-guerrilla-war-against-local-governments/; Mike Isaac, “How Uber Deceives the Authorities Worldwide,” The New York Times, March 3, 2017, https://www.nytimes.com/2017/03/03/technology/uber-greyball-program-evade-authorities.html. tech founders are godlike: Peter Thiel and Blake Masters, Zero to One (New York: Crown Business, 2014), 23, 168, 183. 1.25 million copies worldwide: Blake Masters (@bgmasters), “Zero to One has now sold more than 1.25 million copies worldwide!”


pages: 278 words: 91,332

Carmageddon: How Cars Make Life Worse and What to Do About It by Daniel Knowles

active transport: walking or cycling, autonomous vehicles, Bandra-Worli Sea Link, bank run, big-box store, bike sharing, Boeing 747, Boris Johnson, business cycle, car-free, carbon footprint, congestion charging, congestion pricing, coronavirus, COVID-19, Crossrail, decarbonisation, deindustrialization, Detroit bankruptcy, Donald Shoup, Donald Trump, driverless car, Elaine Herzberg, Elon Musk, first-past-the-post, Ford Model T, Frank Gehry, garden city movement, General Motors Futurama, gentrification, ghettoisation, high-speed rail, housing crisis, Hyperloop, Induced demand, James Watt: steam engine, Jane Jacobs, Jeremy Corbyn, Jevons paradox, Lewis Mumford, lockdown, Lyft, megacity, megastructure, New Urbanism, Northern Rock, parking minimums, Piers Corbyn, Richard Florida, ride hailing / ride sharing, safety bicycle, self-driving car, Silicon Valley, Southern State Parkway, Steve Jobs, TED Talk, Tesla Model S, The Death and Life of Great American Cities, the High Line, Traffic in Towns by Colin Buchanan, Uber and Lyft, uber lyft, upwardly mobile, urban planning, urban renewal, walkable city, white flight, white picket fence, Yom Kippur War, young professional

That is why most of the attempts to develop truly self-driving cars have proven so difficult. Uber and Lyft, the taxi companies, had invested heavily in trying to develop the technology, on the basis that getting rid of the drivers was probably their best hope of becoming seriously profitable. But Uber abandoned its project in 2020 after spending $1 billion on it, selling its unit to a firm called Aurora. Lyft sold its own unit in 2021. An accident that killed a pedestrian probably pushed Uber to give up. Elaine Herzberg, a forty-nine-year-old, was wheeling a bicycle laden with shopping bags across the road when Uber’s adapted-Volvo plowed into her. Investigators allege that the driver, Rafaela Vasquez, who was meant to be monitoring the vehicle, had been streaming an episode of The Voice, the reality TV show, at the moment of the crash.

All they have done is generate traffic. A 2018 study by Schallar Consulting found that Uber and Lyft increased the number of cars on some American city streets by 180 percent. Another study of San Francisco found that ride-sharing companies accounted for more than half of the city’s growth in traffic. Lyft drivers spend a fifth of their time driving around empty, waiting for passengers. In Britain, Ubers are not carrying a passenger for 58 percent of the time they are driving. Cars are not just about how you get around. They are about what the city you live in looks like and what your daily life feels like.

That means we need more space for humans, and less for cars. The car industry also wants you to think it has the solution to some of these problems. Electric cars will supposedly solve the problem of climate change emissions. Self-driving cars will solve the problem of traffic and make trains redundant. Ride-sharing services like Uber or Lyft will mean we do not need to own a car to always hail a ride. A few techno-lunatics even suggest that “flying cars” will shuttle people around cities quicker than ever before without even needing roads. All of these ideas are wrong. Producing enough batteries to replace every gasoline-driven vehicle will require untold amounts of cobalt, a large majority of which currently has to be mined in one of the poorest and most miserable countries on Earth, the Democratic Republic of Congo in central Africa, the source of more than half of the world’s supply.


pages: 443 words: 98,113

The Corruption of Capitalism: Why Rentiers Thrive and Work Does Not Pay by Guy Standing

"World Economic Forum" Davos, 3D printing, Airbnb, Alan Greenspan, Albert Einstein, Amazon Mechanical Turk, anti-fragile, Asian financial crisis, asset-backed security, bank run, banking crisis, basic income, Ben Bernanke: helicopter money, Bernie Sanders, Big bang: deregulation of the City of London, Big Tech, bilateral investment treaty, Bonfire of the Vanities, Boris Johnson, Bretton Woods, business cycle, Capital in the Twenty-First Century by Thomas Piketty, carried interest, cashless society, central bank independence, centre right, Clayton Christensen, collapse of Lehman Brothers, collective bargaining, commons-based peer production, credit crunch, crony capitalism, cross-border payments, crowdsourcing, debt deflation, declining real wages, deindustrialization, disruptive innovation, Doha Development Round, Donald Trump, Double Irish / Dutch Sandwich, ending welfare as we know it, eurozone crisis, Evgeny Morozov, falling living standards, financial deregulation, financial innovation, Firefox, first-past-the-post, future of work, Garrett Hardin, gentrification, gig economy, Goldman Sachs: Vampire Squid, Greenspan put, Growth in a Time of Debt, housing crisis, income inequality, independent contractor, information retrieval, intangible asset, invention of the steam engine, investor state dispute settlement, it's over 9,000, James Watt: steam engine, Jeremy Corbyn, job automation, John Maynard Keynes: technological unemployment, labour market flexibility, light touch regulation, Long Term Capital Management, low interest rates, lump of labour, Lyft, manufacturing employment, Mark Zuckerberg, market clearing, Martin Wolf, means of production, megaproject, mini-job, Money creation, Mont Pelerin Society, moral hazard, mortgage debt, mortgage tax deduction, Neil Kinnock, non-tariff barriers, North Sea oil, Northern Rock, nudge unit, Occupy movement, offshore financial centre, oil shale / tar sands, open economy, openstreetmap, patent troll, payday loans, peer-to-peer lending, Phillips curve, plutocrats, Ponzi scheme, precariat, quantitative easing, remote working, rent control, rent-seeking, ride hailing / ride sharing, Right to Buy, Robert Gordon, Ronald Coase, Ronald Reagan, Sam Altman, savings glut, Second Machine Age, secular stagnation, sharing economy, Silicon Valley, Silicon Valley startup, Simon Kuznets, SoftBank, sovereign wealth fund, Stephen Hawking, Steve Ballmer, structural adjustment programs, TaskRabbit, The Chicago School, The Future of Employment, the payments system, The Rise and Fall of American Growth, Thomas Malthus, Thorstein Veblen, too big to fail, Tragedy of the Commons, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, Y Combinator, zero-sum game, Zipcar

A feature of all these companies is that they require full access to their clients’ bank accounts and other personal data, which they use to determine whether to provide loans, what interest rate to charge and for how long to lend. THE PLATFORM DEBT MACHINE The misnamed ‘sharing economy’ is also fostering indebtedness. App-based taxi services, such as Uber and Lyft, have tie-ups with lenders that enable drivers to buy vehicles on credit. Big car companies are becoming involved. In January 2016, General Motors announced a deal with Lyft, under which it would supply rental vehicles to Lyft drivers. In 2015, Ford introduced a pilot scheme in London and six US cities allowing customers buying cars on credit to rent them out through peer-to-peer car rental platform companies.

In 2015, it had 1.5 million listings, ranging from spare beds to castles in 34,000 cities and over 190 countries, and had more rooms on its books than some of the world’s largest hotel chains. On the retail side, one and a half million ‘makers’ sell jewellery, clothing and accessories through the online marketplace Etsy, giving small-scale artisans access to buyers all over the world. Some platforms are in direct competition with older forms of service. These include Uber, its US rival Lyft and imitators elsewhere such as GrabTaxi, operating in Southeast Asia, Ola in India and Didi Kuaidi in China. BlaBlaCar, a French start-up originally called Covoiturage, is a car-sharing platform that enables drivers making long journeys to share the cost by ‘selling’ empty seats. BlaBlaCar does not compete with taxis, since its average trip is 200 miles (320 kilometres).

The platforms maximise profits through ownership and control of the technological apparatus, protected by patents and other forms of intellectual property rights, and by the exploitation of labour through tasking and unpaid work. Labour brokers are rentiers, earning a lot for doing little, if we accept their claim that they are just providing technology to put clients in touch with ‘independent contractors’ of services. Thus, Uber and rival Lyft insist they are technology, not transport companies. As platform-based tasking expands, it will be appreciated just how isolated the precariat is in this zone, in constant competition with one another. The atomisation drives down wages and transfers costs, risk and uncertainty onto the precariat.


pages: 173 words: 53,564

Fair Shot: Rethinking Inequality and How We Earn by Chris Hughes

"World Economic Forum" Davos, basic income, Donald Trump, effective altruism, Elon Musk, end world poverty, full employment, future of journalism, gig economy, high net worth, hockey-stick growth, income inequality, invisible hand, Jeff Bezos, job automation, knowledge economy, labor-force participation, Lyft, M-Pesa, Mark Zuckerberg, meta-analysis, new economy, oil rush, payday loans, Peter Singer: altruism, Potemkin village, precariat, randomized controlled trial, ride hailing / ride sharing, Ronald Reagan, Rutger Bregman, Second Machine Age, self-driving car, side hustle, side project, Silicon Valley, TaskRabbit, TED Talk, The Bell Curve by Richard Herrnstein and Charles Murray, traveling salesman, trickle-down economics, uber lyft, universal basic income, winner-take-all economy, working poor, working-age population, zero-sum game

For the next two years, my grandparents lived alongside 11 other people in a standalone house in Philadelphia’s Frankford neighborhood. Lacking any education or nonfarm skills, my grandfather decided that he would become a barber. In my imagination, I see a Southern kid roaming about a dense Philadelphia neighborhood waiting for a client in need, like a Lyft or Uber driver of today except with a pair of scissors in hand. My grandfather had cut hair—he had those shears to prove it—but he had never really been a barber like the barbers I would later see as an adult. (The bowl cuts he gave me as a kid confirmed that he had failed to develop any meaningful skill.)

Now, it’s a roller coaster,” the journalist Rick Wartzman writes. When unemployed people in urban areas find themselves without jobs or marketable skills today, they do what my grandfather did. Instead of reaching for a pair of barber shears, they reach for their smartphones and register to become Lyft drivers and Postmates delivery people. TaskRabbiters pitch in to assemble furniture, rake leaves, or even stand in line to buy theater tickets or a newly released iPhone. In some cases, these contract jobs are a godsend because they help workers who only get part-time hours elsewhere to supplement their income, as laborers have done since the beginning of time.

We often think of millennials in these jobs, the masters of the art of the “side hustle,” but the numbers show it isn’t just millennials doing contingent work. A quarter of the working-age population in the United States and Europe engage in some type of independently paid gig, some by choice, but many out of necessity. People who find work through apps like Lyft and TaskRabbit get a lot of attention, but they are the tip of the iceberg. The instability that characterizes their work has spread throughout the economy as the class of low-quality jobs has grown. If you include not only independent gigs, but part-time workers, temps, and on-call workers, the number of people working in contingent jobs balloons to over 40 percent of all American workers.


pages: 268 words: 35,416

San Francisco Like a Local by DK Eyewitness

back-to-the-land, Big Tech, bike sharing, Black Lives Matter, Blue Bottle Coffee, Bottomless brunch, COVID-19, crowdsourcing, gentrification, Golden Gate Park, Greta Thunberg, Haight Ashbury, Kickstarter, Lyft, messenger bag, ride hailing / ride sharing, Salesforce, sharing economy, Silicon Valley, South of Market, San Francisco, tech bro, tech worker, uber lyft, young professional

A note on cable cars: lines to board are prohibitively long year-round, so either get an early start, or prepare to stand in line for an hour. By car or taxi Unless you have your own garage, parking is a nightmare in the city, made doubly fraught by frequent break-ins. Nightly hotel parking fees are high, too, so do yourself a favor and use Uber or Lyft if you need to take a car somewhere (only tourists use city cabs). Car rental is relatively cheap if you’re looking to leave for a nearby escape; search for deals on Kayak or Getaround. Download these We recommend you download these apps to help you get about the city. WHAT3WORDS Your geocoding friend A what3words address is a simple way to communicate any precise location on earth, using just three words.

California law requires cyclists to use reflectors and a front white light when riding. If using headphones, keep one ear free. And always wear a helmet. No arguments. San Francisco doesn’t have a comprehensive bikeshare scheme but Bay Wheels by Lyft allows you to rent bikes and ebikes from docking stations in the east of the city. A single ride costs $3 and a one-day pass costs just $10. www.lyft.com By public transportation The city has a range of public transportation options run by the San Francisco Municipal Transportation Agency (SFMTA): the Muni Metro light-rail, vintage F-line electric street trams, BART trains, and, of course, those iconic cable cars.

Simply download the free what3words app, type a what3words address into the search bar, and you’ll know exactly where to go. TRANSIT Your local transit advice San Francisco mightn’t have a cohesive public transportation system, but it does have a cohesive public transportation app. Transit predicts all bus and train arrivals, and calculates time and cost comparisons between Lyft’s rideshares and bikeshares (provided there are Bay Wheels docks in your area). g Contents San Francisco NEIGHBORHOODS San Francisco is a patchwork of mini-neighborhoods, each with its own distinct look and personality. Here we look at some of our favorites. Bernal Heights Liberals have long been attracted to this hilltop ’hood, which was a hotbed of activism in the 1980s.


pages: 234 words: 67,589

Internet for the People: The Fight for Our Digital Future by Ben Tarnoff

4chan, A Declaration of the Independence of Cyberspace, accounting loophole / creative accounting, Alan Greenspan, Alan Turing: On Computable Numbers, with an Application to the Entscheidungsproblem, algorithmic management, AltaVista, Amazon Web Services, barriers to entry, Bernie Sanders, Big Tech, Black Lives Matter, blue-collar work, business logic, call centre, Charles Babbage, cloud computing, computer vision, coronavirus, COVID-19, decentralized internet, deep learning, defund the police, deindustrialization, desegregation, digital divide, disinformation, Edward Snowden, electricity market, fake news, Filter Bubble, financial intermediation, future of work, gamification, General Magic , gig economy, God and Mammon, green new deal, independent contractor, information asymmetry, Internet of things, Jeff Bezos, Jessica Bruder, John Markoff, John Perry Barlow, Kevin Roose, Kickstarter, Leo Hollis, lockdown, lone genius, low interest rates, Lyft, Mark Zuckerberg, means of production, Menlo Park, natural language processing, Network effects, Nicholas Carr, packet switching, PageRank, pattern recognition, pets.com, profit maximization, profit motive, QAnon, recommendation engine, rent-seeking, ride hailing / ride sharing, Sheryl Sandberg, Shoshana Zuboff, side project, Silicon Valley, single-payer health, smart grid, social distancing, Steven Levy, stock buybacks, supply-chain management, surveillance capitalism, techlash, Telecommunications Act of 1996, TikTok, transportation-network company, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, undersea cable, UUNET, vertical integration, Victor Gruen, web application, working poor, Yochai Benkler

Gray and Siddharth Suri, Ghost Work: How to Stop Silicon Valley from Building a New Global Underclass (Boston: Houghton Mifflin, 2019). 119, Uber is one of the main … Singularly unprofitable: In September 2021, Uber said that it could post its first profit on an adjusted basis in Q3 2021, following a similar announcement by Lyft in the previous quarter. These announcements have more to do with creative accounting than with the health of the underlying businesses, however: the adjusted basis, known as “adjusted EBITDA,” excludes many kinds of losses and expenses. As the journalist Preetika Rana notes, “Uber and Lyft have yet to turn a net profit on the strength of their operations and haven’t projected when they might.”

For example, Sama, a company that recruits data-annotation workers from the slums of the Global South, presents its business in humanitarian terms; see Mueller, Breaking Things at Work, 118–19. The advertising materials in the campaign for Proposition 22 struck a similar note, promoting the narrative that gig companies offer economic opportunities to Black and Latino workers; see Levi Sumagaysay, “Race Has Played a Large Role in Uber and Lyft’s Fight to Preserve Their Business Models,” MarketWatch, October 19, 2020. 133, On a spring morning … Noble, Algorithms of Oppression, 17. 134, In the 1990s, the idea … Television commercials: Lisa Nakamura, Cybertypes: Race, Ethnicity, and Identity on the Internet (New York: Routledge, 2002), 87–99.

Fowler, “Alexa Has Been Eavesdropping on You This Whole Time,” Washington Post, May 6, 2019; “The Mystery of the Amazon Echo Data,” Privacy International, April 17, 2019. 113, The irony of this phenomenon … “The computers have …”: Cerf’s remarks in Cerf and Kahn, “30th Anniversary of Internetting with TCP/IP,” YouTube, starts around 11:30. 114, In the late 1970s … Fort Bragg demonstration: Cerf, interview by O’Neill, 29–30. “Guys would run …”: Ibid., 30. 115, No company has fulfilled … Uber rates: uber.com/us/en/ride/. 115, Sometimes this direction … The app guides the driver: Thi Nguyen, “ETA Phone Home: How Uber Engineers an Efficient Route,” Uber Engineering, November 3, 2015. Surge pricing: Alex Rosenblat and Luke Stark, “Algorithmic Labor and Information Asymmetries: A Case Study of Uber’s Drivers,” International Journal of Communication 10 (2016): 3765–71. Messages that encourage drivers to keep driving: Ibid., 3767–69. Gamified design features: Sarah Mason, “Chasing the Pink,” Logic, January 1, 2019. 116, Such techniques would be impossible … Surveillance of drivers: Ibid. and Alex Rosenblat, Uberland: How Algorithms Are Rewriting the Rules of Work (Berkeley: University of California Press, 2018), 138–42. 116, Algorithmic management thus enables … “In the US …”: Veena Dubal, “A Brief History of the Gig,” Logic, May 4, 2020. 117, Precisely for this reason … “Fissured workplace”: David Weil, The Fissured Workplace: Why Work Became So Bad for So Many and What Can Be Done to Improve It (Cambridge, MA: Harvard University Press, 2014). 117, Networks are good … Joan Greenbaum, Windows on the Work-place: Technology, Jobs, and the Organization of Office Work, 2nd ed.


pages: 306 words: 82,909

A Hacker's Mind: How the Powerful Bend Society's Rules, and How to Bend Them Back by Bruce Schneier

4chan, Airbnb, airport security, algorithmic trading, Alignment Problem, AlphaGo, Automated Insights, banking crisis, Big Tech, bitcoin, blockchain, Boeing 737 MAX, Brian Krebs, Capital in the Twenty-First Century by Thomas Piketty, cloud computing, computerized trading, coronavirus, corporate personhood, COVID-19, cryptocurrency, dark pattern, deepfake, defense in depth, disinformation, Donald Trump, Double Irish / Dutch Sandwich, driverless car, Edward Thorp, Elon Musk, fake news, financial innovation, Financial Instability Hypothesis, first-past-the-post, Flash crash, full employment, gig economy, global pandemic, Goodhart's law, GPT-3, Greensill Capital, high net worth, Hyman Minsky, income inequality, independent contractor, index fund, information security, intangible asset, Internet of things, Isaac Newton, Jeff Bezos, job automation, late capitalism, lockdown, Lyft, Mark Zuckerberg, money market fund, moral hazard, move fast and break things, Nate Silver, offshore financial centre, OpenAI, payday loans, Peter Thiel, precautionary principle, Ralph Nader, recommendation engine, ride hailing / ride sharing, self-driving car, sentiment analysis, Skype, smart cities, SoftBank, supply chain finance, supply-chain attack, surveillance capitalism, systems thinking, TaskRabbit, technological determinism, TED Talk, The Wealth of Nations by Adam Smith, theory of mind, TikTok, too big to fail, Turing test, Uber and Lyft, uber lyft, ubercab, UNCLOS, union organizing, web application, WeWork, When a measure becomes a target, WikiLeaks, zero day

Their business model allows them to ignore dozens of laws regulating licensed taxis and limos, including worker protection laws, safety laws, consumer protection laws, permit and fee requirements, and public-good laws. Taxi drivers are required to have background checks. Uber and Lyft drivers are not (although they now grudgingly do so). Taxi companies must pay minimum wage and are subject to citywide caps on the number of vehicles they operate at any given time. Not Uber and Lyft. The list goes on and on. This all started around 2012, and Uber has since leveraged its competitive advantage over traditional taxis and limos to dominate the market. As of 2021, it operates in over 10,000 cities in 72 countries, completing 19 million trips each day.

It warps markets, allowing companies to charge prices that don’t reflect the true cost or value of what they’re selling. It permits unprofitable enterprises and unsustainable business models to thrive and proliferate. It also warps the market for talent—employees—especially in the tech sector. And finally, it warps entire market categories, like transportation, housing, and the media. Uber and Lyft, for example, have created an unsustainable market for hired-car rides by charging artificially low prices that do not accurately reflect the value of drivers’ labor. VC funding is also a hack on innovation. By favoring financial returns over substantive product improvements, it prioritizes certain kinds of innovation and ignores others.

Following a 2018 California State Supreme Court ruling and the 2019 state law mentioned above, several gig economy companies banded together to push a referendum (Proposition 22) that would remove many employee protections from their gig workers: employee classification, wage floors, unemployment insurance, healthcare insurance, and so on. Led by Uber, Lyft, and DoorDash, gig economy companies spent $200 million to support this referendum and convince workers that it was in their interests to endorse it. The measure passed in 2020, rolling back California’s efforts to protect workers. The battle is not over, and undoubtedly there will be developments after this book goes to press.


pages: 366 words: 94,209

Throwing Rocks at the Google Bus: How Growth Became the Enemy of Prosperity by Douglas Rushkoff

activist fund / activist shareholder / activist investor, Airbnb, Alan Greenspan, algorithmic trading, Amazon Mechanical Turk, Andrew Keen, bank run, banking crisis, barriers to entry, benefit corporation, bitcoin, blockchain, Burning Man, business process, buy and hold, buy low sell high, California gold rush, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, centralized clearinghouse, citizen journalism, clean water, cloud computing, collaborative economy, collective bargaining, colonial exploitation, Community Supported Agriculture, corporate personhood, corporate raider, creative destruction, crowdsourcing, cryptocurrency, data science, deep learning, disintermediation, diversified portfolio, Dutch auction, Elon Musk, Erik Brynjolfsson, Ethereum, ethereum blockchain, fiat currency, Firefox, Flash crash, full employment, future of work, gamification, Garrett Hardin, gentrification, gig economy, Gini coefficient, global supply chain, global village, Google bus, Howard Rheingold, IBM and the Holocaust, impulse control, income inequality, independent contractor, index fund, iterative process, Jaron Lanier, Jeff Bezos, jimmy wales, job automation, Joseph Schumpeter, Kickstarter, Large Hadron Collider, loss aversion, low interest rates, Lyft, Marc Andreessen, Mark Zuckerberg, market bubble, market fundamentalism, Marshall McLuhan, means of production, medical bankruptcy, minimum viable product, Mitch Kapor, Naomi Klein, Network effects, new economy, Norbert Wiener, Oculus Rift, passive investing, payday loans, peer-to-peer lending, Peter Thiel, post-industrial society, power law, profit motive, quantitative easing, race to the bottom, recommendation engine, reserve currency, RFID, Richard Stallman, ride hailing / ride sharing, Ronald Reagan, Russell Brand, Satoshi Nakamoto, Second Machine Age, shareholder value, sharing economy, Silicon Valley, Snapchat, social graph, software patent, Steve Jobs, stock buybacks, TaskRabbit, the Cathedral and the Bazaar, The Future of Employment, the long tail, trade route, Tragedy of the Commons, transportation-network company, Turing test, Uber and Lyft, Uber for X, uber lyft, unpaid internship, Vitalik Buterin, warehouse robotics, Wayback Machine, Y Combinator, young professional, zero-sum game, Zipcar

Uber can’t leverage anything if it’s just one of several competing ride-sharing apps. That’s why the company must behave so aggressively. Uber’s rival, Lyft, documented over 5,000 canceled calls made to its drivers by Uber recruiters, allegedly in an effort to get drivers to change platforms.26 It’s not that there’s too little market share to go around; it’s that Uber doesn’t mean to remain a taxi-hailing application. In order to become our delivery service, errand runner, and default app for every other transportation-related function, Uber first has to own ride-sharing completely. Only then can it exercise the same sort of command as the chartered monopolies on whose code these modern digital corporations are still running.

Web site Airbnb lets us rent out our extra bedrooms to travelers. Smartphone apps Uber and Lyft let us use our vehicles to give people rides, for money. Unlike many of the other platforms we’ve looked at so far, these opportunities don’t lead to power-law distributions, because a car or home can be hired only by one person at a time. As long as you’re listed on the network and have decent reviews, you should do as well as anyone else. From the consumer’s side, these apps are amazing. If you need a ride, you can open Uber and see a map of the area along with tiny icons for the available cars. Pick a car based on its location, the driver’s ratings, and the estimated price.

Just don’t let the landlord find out what you’re doing. Likewise, the amateur taxi networks of Uber and Lyft are great ways for otherwise “underemployed” vehicle owners to make a few extra bucks. There’s no reason now to leave a worthwhile asset or hour off the books—even if the underemployed are really underpaid freelancers working a whole lot of hours already. These apps are not about sharing space in a vehicle—like driving a friend to the train station—they’re about monetizing unemployed people’s time and stuff. Although it currently has a valuation of over $41 billion,38 Uber is no more a taxi service than Airbnb is a hotel chain.


pages: 288 words: 66,996

Travel While You Work: The Ultimate Guide to Running a Business From Anywhere by Mish Slade

Airbnb, Atul Gawande, business process, Checklist Manifesto, cloud computing, content marketing, crowdsourcing, digital nomad, Firefox, Google Chrome, Google Hangouts, Inbox Zero, independent contractor, job automation, Kickstarter, low cost airline, Lyft, Multics, remote work: asynchronous communication, remote working, Salesforce, side project, Skype, speech recognition, turn-by-turn navigation, uber lyft, WeWork

You can also make use of a number of taxi apps. For example: Uber (www.worktravel.co/uber) currently operates in cities in 55 countries. Here's the full list: www.worktravel.co/ubercities. Note: if you use the link www.worktravel.co/uber to sign up to Uber, you'll get a free ride (worth up to about $15). My Taxi (www.worktravel.co/mytaxi) does the same thing as Uber, but has presence in Spain – where Uber is currently banned. There's also Lyft (www.worktravel.co/lyft), but that currently only operates in certain US cities. Gett (www.worktravel.co/gett) is similar to Lyft and Uber, but the pricing remains consistent (there's no "surge pricing", and you can book cabs in advance.

CHAPTER 1: SETTLE IN FAST Maps, directions and notekeeping Google Keep (note-taking app): www.worktravel.co/keep Google Maps: www.worktravel.co/gmaps Google Maps – how to store destinations as favourites: www.worktravel.co/mapfaves Google Maps Directions: www.worktravel.co/directions Google Maps list of offline maps: www.worktravel.co/offlinemaps Google Maps - how to download an offline map: www.worktravel.co/offlinemaps2 OsmAnd (offline maps with navigation): www.worktravel.co/osmand Here Maps (offline maps): www.worktravel.co//here Taxis Uber (taxi app): www.worktravel.co/uber Uber (list of cities): www.worktravel.co/ubercities MyTaxi (taxi app): www.worktravel.co/mytaxi Lyft (taxi app): www.worktravel.co/lyft Gett (taxi app): www.worktravel.co/gett Languages/translation Google Translate: www.worktravel.co/gtranslate XE (currency conversion): www.worktravel.co/xe Anki (flashcard app): www.worktravel.co/anki Duolingo (language learning): www.worktravel.co/duolingo Michel Thomas (language learning): www.worktravel.co/michel Money/cost of living Numbeo (cost of living in different cities): www.worktravel.co/numbeo GlobeTipping (global tipping app for iPhone): www.worktravel.co/globetipping Global Tip Calculator Pro (global tipping app for Android): www.worktravel.co/globalpro SIM cards Prepaid with Data (info on SIM cards around the world): www.worktravel.co/prepaid TripAdvisor forum (search for info on "monthly prepaid SIM 3G": www.worktravel.co/taforum Lonely Planet forum (has useful Q&As about SIMs around the world): www.worktravel.co/planetforum Restaurant, cafe, attraction, etc. reviews and info Foursquare (good for Europe): www.worktravel.co/foursquare Yelp (good for US and Europe): www.worktravel.co/yelp Spotted by Locals: www.worktravel.co/spotted Tabelog (Japan): www.worktravel.co/tabelog Vayable (marketplace where locals offer unique tours): www.worktravel.co/vayable) Receive mail Poste Restante (Wikipedia page): www.worktravel.co/post Amazon Lockers: www.worktravel.co/locker DHL Packstations (pickup lockers in Germany): www.worktravel.co/packstation Doddle (pickup lockers in the UK): www.worktravel.co/doddle My Pick Box (pickup lockers in Spain): www.worktravel.co/pickup Parcel (get all mail delivered to a unique address, which they'll then deliver at a convenient time): www.worktravel.co/parcel Mail-forwarding services UK Postbox: www.worktravel.co/ukpost Earth Class Mail (USA): www.worktravel.co/earthclass ClevverMail (Germany): www.worktravel.co/clevver Aussie Mail Man: www.worktravel.co/aussie Find/make friends Find A Nomad: www.worktravel.co/findanomad Create Your Nomadtopia: www.worktravel.co/topia ShareDesk (coworking spaces): www.worktravel.co/sharedesk Fitness Walking/cycling/running: OsmAnd (offline maps): www.worktravel.co/osmand Ride With GPS (routes): www.worktravel.co/gps Lanyard (for holding phone and following route while running/cycling): www.worktravel.co/lanyard Apartment-friendly exercise videos: Fitness Blender: www.worktravel.co/blender DDP Yoga: www.worktravel.co/ddp Do You Yoga: www.worktravel.co/yoga Focus T25: www.worktravel.co/t25 Sleek Technique: www.worktravel.co/sleek Community fitness: Project Awesome (London): www.worktravel.co/awesome November Project (USA): www.worktravel.co/november CHAPTER 2: GET TO GRIPS WITH MONEY AND TAXES Credit/debit card charges If you're from the UK… Comparison of debit card fees: www.worktravel.co/ukdebit Comparison of credit card fees: www.worktravel.co/ukcredit Best specialist travel credit cards: www.worktravel.co/uktravelcredit Info about travel debit cards: www.worktravel.co/uktraveldebit Supercard (still in testing phase at the time of writing, and only currently available for UK residents): www.worktravel.co/supercard Number26 (still in testing phase at the time of writing, and also available throughout the rest of Europe): www.worktravel.co/26 If you're from the US… List of credit cards that don't charge a foreign transaction fee: www.worktravel.co/ustravelcredit List of banks and their debit card transaction/ATM fees: www.worktravel.co/ustraveldebit Info about avoiding credit/debit card transaction fees: www.worktravel.co/avoidfees Charles Schwab (reimburses ATM fees): www.worktravel.co/schwab If you're from Australia… Info on credit/debit cards and fees: www.worktravel.co/finder More info in the book if you're from anywhere else!


pages: 326 words: 91,559

Everything for Everyone: The Radical Tradition That Is Shaping the Next Economy by Nathan Schneider

1960s counterculture, Aaron Swartz, Adam Curtis, Affordable Care Act / Obamacare, Airbnb, altcoin, Amazon Mechanical Turk, antiwork, back-to-the-land, basic income, Berlin Wall, Bernie Sanders, bitcoin, Black Lives Matter, blockchain, Brewster Kahle, Burning Man, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, carbon tax, Clayton Christensen, collaborative economy, collective bargaining, commons-based peer production, Community Supported Agriculture, corporate governance, creative destruction, crowdsourcing, cryptocurrency, Debian, degrowth, disruptive innovation, do-ocracy, Donald Knuth, Donald Trump, Edward Snowden, Elon Musk, emotional labour, Ethereum, ethereum blockchain, Evgeny Morozov, Fairphone, Food sovereignty, four colour theorem, future of work, Gabriella Coleman, gentrification, gig economy, Google bus, holacracy, hydraulic fracturing, initial coin offering, intentional community, Internet Archive, Jeff Bezos, Jeremy Corbyn, jimmy wales, John Perry Barlow, joint-stock company, Joseph Schumpeter, Julian Assange, Kevin Roose, Kickstarter, low interest rates, Lyft, M-Pesa, Marc Andreessen, Mark Zuckerberg, Marshall McLuhan, mass immigration, means of production, Money creation, multi-sided market, Murray Bookchin, new economy, offshore financial centre, old-boy network, Peter H. Diamandis: Planetary Resources, Pier Paolo Pasolini, post-work, precariat, premature optimization, pre–internet, profit motive, race to the bottom, Richard Florida, Richard Stallman, ride hailing / ride sharing, Rutger Bregman, Salesforce, Sam Altman, Satoshi Nakamoto, self-driving car, shareholder value, sharing economy, Silicon Valley, Slavoj Žižek, smart contracts, Steve Bannon, Steve Jobs, Steve Wozniak, Stewart Brand, surveillance capitalism, tech worker, TED Talk, transaction costs, Turing test, Uber and Lyft, uber lyft, underbanked, undersea cable, universal basic income, Upton Sinclair, Vanguard fund, Vitalik Buterin, W. E. B. Du Bois, white flight, Whole Earth Catalog, WikiLeaks, women in the workforce, working poor, workplace surveillance , Y Combinator, Y2K, Zipcar

Municipal and national politicians have come to Scholz and me, among others, in search of policies to consider and evidence they will work. The city of Barcelona has taken steps to enshrine platform cooperativism into its economic strategies. After Austin, Texas, required Uber and Lyft drivers to perform standard safety screenings, the companies pulled their services from the city in May 2015, and the city council aided in the formation of a new co-op taxi company and a nonprofit ride-sharing app; the replacements worked so well that Uber and Lyft paid millions of dollars in lobbying to force their way back before Austin became an example. Meanwhile, UK Labour Party leader Jeremy Corbyn issued a “Digital Democracy Manifesto” that included “platform cooperatives” among its eight planks.26 The challenge of such digital democracy goes beyond local tweaks.

The airport’s website had a notice about an impending contract bid for taxi companies, replacing the permits. This could reshape the city’s taxi business and make or break Green Taxi’s plan to cooperativize—and unionize, with CWA—one-third of the market. The airport’s new regime affected only taxi companies, but it had everything to do with the influx of apps. Unlike taxis, Uber and Lyft drivers faced no restrictions on their airport usage. They often drove nicer cars and spoke better English; they were more likely to be white. In December 2014, the app drivers made 10,822 trips through the airport, compared to 30,535 by taxis. A year later, for the first time, app-based airport trips exceeded the taxis, and they’d done so every month since.

Self-driving cars hadn’t come to the city’s roads yet, but Wall Street’s anticipation of them was fueling investment in the big apps, which put pressure on the taxi market and motivated so many drivers to set off on their own. The disruption was already happening, and Green Taxi had been born of it. In the beginning, before Uber and Lyft and even checkered taxicabs, there was sharing. At least that’s the story according to Dominik Wind, a German environmental activist with a genial smile and a penchant for conspiracy theories. Years ago, out of curiosity, Wind visited Samoa for half a year; he found that people shared tools, provisions, and sexual partners with their neighbors.


pages: 286 words: 87,401

Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies by Reid Hoffman, Chris Yeh

"Susan Fowler" uber, activist fund / activist shareholder / activist investor, adjacent possible, Airbnb, Amazon Web Services, Andy Rubin, autonomous vehicles, Benchmark Capital, bitcoin, Blitzscaling, blockchain, Bob Noyce, business intelligence, Cambridge Analytica, Chuck Templeton: OpenTable:, cloud computing, CRISPR, crowdsourcing, cryptocurrency, Daniel Kahneman / Amos Tversky, data science, database schema, DeepMind, Didi Chuxing, discounted cash flows, Elon Musk, fake news, Firefox, Ford Model T, forensic accounting, fulfillment center, Future Shock, George Gilder, global pandemic, Google Hangouts, Google X / Alphabet X, Greyball, growth hacking, high-speed rail, hockey-stick growth, hydraulic fracturing, Hyperloop, initial coin offering, inventory management, Isaac Newton, Jeff Bezos, Joi Ito, Khan Academy, late fees, Lean Startup, Lyft, M-Pesa, Marc Andreessen, Marc Benioff, margin call, Mark Zuckerberg, Max Levchin, minimum viable product, move fast and break things, Network effects, Oculus Rift, oil shale / tar sands, PalmPilot, Paul Buchheit, Paul Graham, Peter Thiel, pre–internet, Quicken Loans, recommendation engine, ride hailing / ride sharing, Salesforce, Sam Altman, Sand Hill Road, Saturday Night Live, self-driving car, shareholder value, sharing economy, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Skype, smart grid, social graph, SoftBank, software as a service, software is eating the world, speech recognition, stem cell, Steve Jobs, subscription business, synthetic biology, Tesla Model S, thinkpad, three-martini lunch, transaction costs, transport as a service, Travis Kalanick, Uber for X, uber lyft, web application, winner-take-all economy, work culture , Y Combinator, yellow journalism

Hot markets make it easier to attract the capital and talent (especially capital) to plow into blitzscaling. Uber is a clear example of how access to capital can fund aggressive and inefficient growth that may confer long-term strategic benefits. Uber’s ability to raise billions of dollars has allowed it to subsidize its service to attract more drivers and passengers, reinforcing the network effects of its two-sided marketplace. Plentiful capital has also allowed it to expand aggressively into other markets in an attempt to beat its competition to critical scale. Even after a scandal-plagued 2017, Uber still dwarfs its US archrival Lyft. In July 2017, Lyft announced that it had reached one million rides per day, a milestone that Uber achieved at the end of 2014.

From Captain to Admiral At the time of the writing of this book, the ridesharing company Uber was Silicon Valley’s most valuable start-up (and second globally to its frenemy, China’s Didi Chuxing), despite having spent most of 2017 in the news for a number of serious problems and scandals. Some of these issues were due to clearly unethical behavior, including internal problems, such as the sexual harassment reported by the former Uber engineer Susan Fowler, and various external attempts to subvert free competition, regulation, and the press, such as creating fake accounts to poach drivers from its rival Lyft (as reported by The Verge), developing software (Greyball) to prevent law enforcement and regulators from accessing the service, and then-COO Emil Michael suggesting that the company spend money to hire opposition researchers to intimidate journalists.

BLITZSCALING HACKS One productive hack to help your existing company blitzscale is to find ways to leverage people and businesses with prior blitzscaling experience. One obvious play is to partner with a blitzscaling start-up. For example, GM responded to the rise of Uber and the corresponding threat it represents to the market for cars for human drivers by investing $500 million in Lyft, Uber’s blitzscaling rival. GM also hedged its bets by acquiring Cruise for its self-driving car technology. A less obvious technique is to leverage the knowledge of venture capitalists. Venture capitalists are keen fans of blitzscaling and the returns it brings, even if they didn’t know the specific term before the book came out.


pages: 371 words: 108,317

The Inevitable: Understanding the 12 Technological Forces That Will Shape Our Future by Kevin Kelly

A Declaration of the Independence of Cyberspace, Aaron Swartz, AI winter, Airbnb, Albert Einstein, Alvin Toffler, Amazon Web Services, augmented reality, bank run, barriers to entry, Baxter: Rethink Robotics, bitcoin, blockchain, book scanning, Brewster Kahle, Burning Man, cloud computing, commoditize, computer age, Computer Lib, connected car, crowdsourcing, dark matter, data science, deep learning, DeepMind, dematerialisation, Downton Abbey, driverless car, Edward Snowden, Elon Musk, Filter Bubble, Freestyle chess, Gabriella Coleman, game design, Geoffrey Hinton, Google Glasses, hive mind, Howard Rheingold, index card, indoor plumbing, industrial robot, Internet Archive, Internet of things, invention of movable type, invisible hand, Jaron Lanier, Jeff Bezos, job automation, John Markoff, John Perry Barlow, Kevin Kelly, Kickstarter, lifelogging, linked data, Lyft, M-Pesa, machine readable, machine translation, Marc Andreessen, Marshall McLuhan, Mary Meeker, means of production, megacity, Minecraft, Mitch Kapor, multi-sided market, natural language processing, Netflix Prize, Network effects, new economy, Nicholas Carr, off-the-grid, old-boy network, peer-to-peer, peer-to-peer lending, personalized medicine, placebo effect, planetary scale, postindustrial economy, Project Xanadu, recommendation engine, RFID, ride hailing / ride sharing, robo advisor, Rodney Brooks, self-driving car, sharing economy, Silicon Valley, slashdot, Snapchat, social graph, social web, software is eating the world, speech recognition, Stephen Hawking, Steven Levy, Ted Nelson, TED Talk, The future is already here, the long tail, the scientific method, transport as a service, two-sided market, Uber for X, uber lyft, value engineering, Watson beat the top human players on Jeopardy!, WeWork, Whole Earth Review, Yochai Benkler, yottabyte, zero-sum game

And to make it vastly cheaper (in normal use), if you are willing to share a ride, Uber will match two or three riders going to approximately the same place at the same time to split the fare. These UberPool shared-ride fares might be one quarter the cost of a taxi. Relying on Uber (or its competitors, like Lyft) is a no-brainer. While Uber is well known, the same on-demand “access” model is disrupting dozens of other industries, one after another. In the past few years thousands of entrepreneurs seeking funding have pitched venture capitalists for an “Uber for X,” where X is any business where customers still have to wait.

Hire a peer to drive you to your destination (Uber). 5. Rent a car from a peer, drive yourself (RelayRides). 6. Hire a company to drive you with shared passengers along a fixed route (bus). 7. Hire a peer to drive you with shared passengers to your destination (Lyft Line). 8. Hire a peer to drive you with shared passengers going to a fixed destination (BlaBlaCar). There are variations upon the variations. Hire the service Shuddle to pick up someone else, like a child at school; some call it an Uber for kids. Sidecar is like Uber, except it runs a reverse auction. You set the price you are willing to pay and let drivers bid to pick you up.

We value not only the atoms in a thing, but their immaterial arrangement and design and, even more, their ability to adapt and flow in response to our needs. Formerly solid products made of steel and leather are now sold as fluid services that keep updating. Your solid car parked in a driveway has been transformed into a personal on-demand transportation service supplied by Uber, Lyft, Zip, and Sidecar—which are improving faster than automobiles are. Grocery shopping is no longer a hit-or-miss affair; now a steady flow of household replenishables streams into our homes uninterrupted. You get a better telephone every few months because a flow of new operating systems install themselves on your smartphone, adding new features and new benefits that in the past would have required new hardware.


pages: 501 words: 114,888

The Future Is Faster Than You Think: How Converging Technologies Are Transforming Business, Industries, and Our Lives by Peter H. Diamandis, Steven Kotler

Ada Lovelace, additive manufacturing, Airbnb, Albert Einstein, AlphaGo, Amazon Mechanical Turk, Amazon Robotics, augmented reality, autonomous vehicles, barriers to entry, Big Tech, biodiversity loss, bitcoin, blockchain, blood diamond, Boston Dynamics, Burning Man, call centre, cashless society, Charles Babbage, Charles Lindbergh, Clayton Christensen, clean water, cloud computing, Colonization of Mars, computer vision, creative destruction, CRISPR, crowdsourcing, cryptocurrency, data science, Dean Kamen, deep learning, deepfake, DeepMind, delayed gratification, dematerialisation, digital twin, disruptive innovation, Donald Shoup, driverless car, Easter island, Edward Glaeser, Edward Lloyd's coffeehouse, Elon Musk, en.wikipedia.org, epigenetics, Erik Brynjolfsson, Ethereum, ethereum blockchain, experimental economics, fake news, food miles, Ford Model T, fulfillment center, game design, Geoffrey West, Santa Fe Institute, gig economy, gigafactory, Google X / Alphabet X, gravity well, hive mind, housing crisis, Hyperloop, impact investing, indoor plumbing, industrial robot, informal economy, initial coin offering, intentional community, Intergovernmental Panel on Climate Change (IPCC), Internet of things, invention of the telegraph, Isaac Newton, Jaron Lanier, Jeff Bezos, job automation, Joseph Schumpeter, Kevin Kelly, Kickstarter, Kiva Systems, late fees, Law of Accelerating Returns, life extension, lifelogging, loss aversion, Lyft, M-Pesa, Mary Lou Jepsen, Masayoshi Son, mass immigration, megacity, meta-analysis, microbiome, microdosing, mobile money, multiplanetary species, Narrative Science, natural language processing, Neal Stephenson, Neil Armstrong, Network effects, new economy, New Urbanism, Nick Bostrom, Oculus Rift, One Laptop per Child (OLPC), out of africa, packet switching, peer-to-peer lending, Peter H. Diamandis: Planetary Resources, Peter Thiel, planned obsolescence, QR code, RAND corporation, Ray Kurzweil, RFID, Richard Feynman, Richard Florida, ride hailing / ride sharing, risk tolerance, robo advisor, Satoshi Nakamoto, Second Machine Age, self-driving car, Sidewalk Labs, Silicon Valley, Skype, smart cities, smart contracts, smart grid, Snapchat, SoftBank, sovereign wealth fund, special economic zone, stealth mode startup, stem cell, Stephen Hawking, Steve Jobs, Steve Jurvetson, Steven Pinker, Stewart Brand, supercomputer in your pocket, supply-chain management, tech billionaire, technoutopianism, TED Talk, Tesla Model S, Tim Cook: Apple, transaction costs, Uber and Lyft, uber lyft, unbanked and underbanked, underbanked, urban planning, Vision Fund, VTOL, warehouse robotics, Watson beat the top human players on Jeopardy!, We wanted flying cars, instead we got 140 characters, X Prize

While robo-advisors still account for only roughly 1 percent of total U.S. investment, Business Insider Intelligence estimates that number will climb to $4.6 trillion by 2022. Finally we come to our last category, using money to pay for things. But we already know this story. When was the last time you dropped coins into a toll booth? Or paid cash for a cab ride? In fact, Uber and Lyft allow us to get around a city without a wallet. Couple cashier-less stores like Amazon Go with services like Uber Eats and these wallet-less ways are about to become the new normal. Denmark stopped printing money in 2017. The year prior, in an attempt to expand mobile banking and demonetize the country’s gray-market economy, India recalled 86 percent of its cash.

Cheap and quick are the two biggest factors impacting consumer choice in this kind of market. What brand of car ridersharers are sharing matters a lot less. Most of the time, if the vehicle is clean and neat, consumers won’t even notice what brand the car is—similar to how most of us feel about Uber or Lyft today. So, if a half-a-dozen different vehicles are all it takes to please the customer, then a wave of car company extinction is going to follow our wave of car company consolidation. Big auto won’t be the only industry impacted. America has almost half-a-million parking spaces. In a recent survey, MIT professor of urban planning Eran Ben-Joseph reported that, in many major US cities, “parking lots cover more than a third of the land area,” while the nation as a whole has set aside an area larger than Delaware and Rhode Island combined for our vehicles.

What can we do with this identity? Own our own data, for one. Blockchain IDs could also facilitate fair and accurate voting. Lastly, if your identity can be established, then a reputation score can easily be attached. This score allows for things like peer-to-peer ridesharing, which today require trusted third parties named “Uber” and “Lyft.” In the same way that blockchain can validate identity, it can also validate any asset—for example, ensuring that your engagement ring isn’t a blood diamond. Land titles are another opportunity, especially since a considerable portion of the planet lives on land they don’t own, or not officially.


pages: 383 words: 81,118

Matchmakers: The New Economics of Multisided Platforms by David S. Evans, Richard Schmalensee

Airbnb, Alvin Roth, Andy Rubin, big-box store, business process, cashless society, Chuck Templeton: OpenTable:, creative destruction, Deng Xiaoping, digital divide, disruptive innovation, if you build it, they will come, information asymmetry, Internet Archive, invention of movable type, invention of the printing press, invention of the telegraph, invention of the telephone, Jean Tirole, John Markoff, Lyft, M-Pesa, market friction, market microstructure, Max Levchin, mobile money, multi-sided market, Network effects, PalmPilot, Productivity paradox, profit maximization, purchasing power parity, QR code, ride hailing / ride sharing, sharing economy, Silicon Valley, Snapchat, Steve Jobs, the long tail, Tim Cook: Apple, transaction costs, two-sided market, Uber for X, uber lyft, ubercab, vertical integration, Victor Gruen, Wayback Machine, winner-take-all economy

Two-sided matchmakers operating from the Cloud, such as Expedia, offer more efficient and cheaper alternatives. According to the US Bureau of Labor Statistics, there were forty-four travel agents for every hundred thousand people in the United States in 2000. That had declined by 55 percent, to only twenty per hundred thousand people in 2014.33 Uber, along with similar companies such as Lyft and Didi Kuaidi, has created a great deal of value for consumers and drivers. But the traditional taxicab business is threatened as a result. Taxi drivers worldwide are protesting and trying to stop these new matchmakers. If they don’t, the traditional taxi business will likely go into terminal decline.

Like Zappos, with this single-sided approach, Netflix is completely in control of its customer relationships. As a platform that enables drivers to deal directly with riders, Uber relies on its drivers to make some decisions that a single-sided firm might make for them. Uber drivers can decide when to drive and what to drive—subject to some constraints to ensure it is a good vehicle. But Uber controls the prices the drivers can charge. Technology has made it possible to apply versions of Uber’s model linking service providers to customers in a wide range of other areas. For example, HourlyNerd competes with traditional management consulting firms by linking businesses and experts.

The Android operating system for mobile phones relies on the core portion of Linux known as the kernel. 24. Leena Rao, “Ubercab takes the hassle out of booking a car service,” TechCrunch, July 5, 2010, http://techcrunch.com/2010/07/05/ubercab-takes-the-hassle-out-of-booking-a-car-service/. 25. Uber Newsroom, “Our Commitment to Safety,” December 17, 2014, http://newsroom.uber.com/2014/12/our-commitment-to-safety/; Uber, “60 Countries: Available Locally, Expanding Globally,” https://www.uber.com/cities. 26. Google Inc., “Form 10-K for the Period Ending December 31, 2014,” http://investor.google.com/pdf/20141231_google_10K.pdf; Greg Sterling, “Report: Google had $12 billion in Mobile Search Revenue, 75 Percent from iOS,” Marketing Land, May 28, 2015, http://marketingland.com/report-google-had-12-billion-in-mobile-search-revenue-75-percent-from-ios-130248; Facebook Inc., “Form 10-Q for the Period Ending March 31, 2015,” http://investor.fb.com/common/download/sec.cfm?


pages: 207 words: 59,298

The Gig Economy: A Critical Introduction by Jamie Woodcock, Mark Graham

Airbnb, algorithmic management, Amazon Mechanical Turk, autonomous vehicles, barriers to entry, British Empire, business process, business process outsourcing, Californian Ideology, call centre, collective bargaining, commoditize, corporate social responsibility, crowdsourcing, data science, David Graeber, deindustrialization, Didi Chuxing, digital divide, disintermediation, emotional labour, en.wikipedia.org, full employment, future of work, gamification, gender pay gap, gig economy, global value chain, Greyball, independent contractor, informal economy, information asymmetry, inventory management, Jaron Lanier, Jeff Bezos, job automation, knowledge economy, low interest rates, Lyft, mass immigration, means of production, Network effects, new economy, Panopticon Jeremy Bentham, planetary scale, precariat, rent-seeking, RFID, ride hailing / ride sharing, Ronald Reagan, scientific management, self-driving car, sentiment analysis, sharing economy, Silicon Valley, Silicon Valley ideology, TaskRabbit, The Future of Employment, transaction costs, Travis Kalanick, two-sided market, Uber and Lyft, Uber for X, uber lyft, union organizing, women in the workforce, working poor, young professional

Designed by the English philosopher and social theorist, Jeremy Bentham, the panopticon is an architectural design for a prison in which a single prison guard can watch all the inmates simultaneously without them knowing whether they are being watched, thus inducing self-regulating behaviour. 10. See Wiessner, D. (2018) US court revives challenge to Seattle’s Uber, Lyft union law. Reuters, 11 May. Available at: https://www.reuters.com/article/us-uber-seattle-unions/u-s-court-revives-challenge-to-seattles-uber-lyft-union-law-idUSKBN1IC27C Conclusion: What next for the gig economy? The gig economy is not just a synonym for algorithmic wizardry, large datasets and cutting-edge technologies. Whenever we think (or indeed research or write) about work, it is important to remember that work necessarily involves workers.

In those places, doing so is seen as operating like a price-setting cartel rather than simply providing a means for workers to bargain over their pay. In fact, the US Chamber of Commerce, of which Uber and Lyft are members, has argued in a Seattle court that ‘by allowing drivers to bargain over their pay, which is based on fares received from passengers, the city would permit them to essentially fix prices in violation of federal antitrust law.’10 This measure has been seen as an attempt to prevent the Teamsters from organizing Uber drivers in Seattle. The threats of legal injunctions mean that workers are not only having an effect on the gig economy, but are redefining what organizing and trade unionism mean today.

The court decided that the case could not proceed – not because it had no merit, but rather because the claim was made against the wrong Uber entity. It turns out that Uber International Holding(s) BV, a company based in the Netherlands, owns the Uber software application, and, as such, all South African drivers are in a contract with Uber BV rather than Uber SA. South African Uber drivers would therefore have to take up their case in a court in the Netherlands. There is no predestined reason why Uber drivers in South Africa should have a contract with the Dutch parent company rather than the local company. But the way Uber has structured the relationship is that Uber BV controls the drivers in South Africa and Uber Technologies SA provides support services to the drivers (for instance recruitment and onboarding) (du Toit, 2018).


pages: 320 words: 90,526

Squeezed: Why Our Families Can't Afford America by Alissa Quart

Affordable Care Act / Obamacare, Airbnb, Alvin Toffler, antiwork, Automated Insights, autonomous vehicles, barriers to entry, basic income, Bernie Sanders, business intelligence, do what you love, Donald Trump, Downton Abbey, East Village, Elon Musk, emotional labour, full employment, future of work, gentrification, gig economy, glass ceiling, haute couture, income inequality, independent contractor, information security, Jaron Lanier, Jeremy Corbyn, job automation, late capitalism, Lyft, minimum wage unemployment, moral panic, new economy, nuclear winter, obamacare, peak TV, Ponzi scheme, post-work, precariat, price mechanism, rent control, rent stabilization, ride hailing / ride sharing, school choice, sharing economy, Sheryl Sandberg, Silicon Valley, Skype, Snapchat, stop buying avocado toast, surplus humans, TaskRabbit, tech worker, TED Talk, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, union organizing, universal basic income, upwardly mobile, wages for housework, WeWork, women in the workforce, work culture , working poor

“Our demand is to freeze all the subsidies for the research on autonomous vehicles until there is a plan for workers who are going to lose their jobs,” Lerner said. As part of this effort, NYCC regularly puts together conference calls between dozens of taxi, Uber, and Lyft drivers. They discuss how they’ve all gotten massive loans to buy cars for Uber and how they are still going to be paying off these loans when the robots come for their jobs—the robot vehicles Uber has promised within the decade. The robot-fearing Middle Precariat also includes parts of the legal profession: robots are threatening higher-end jobs, including those usually carried out by humans handling information.

., 71, 85 Gates, Bill, 226 Gender “class ceiling,” 10, 31 devaluation framework of care work, 76–77, 128–29 motherhood bias, 5–6, 10, 31 pay gap, 16, 51, 76, 104, 151–52 “precarious manhood” theory, 150–51, 262 rethinking traditional roles, 262 TV and, 220–21 Uber and Lyft driver-teachers, 150–51 Gender Equality Law Center (GELC), 29, 30 Geography and basic budget threshold, 99 Georgetown University, 56 George Washington University, 57 Germany day care, 80 parental leave, 26 Gerson, Kathleen, 75, 196 Gifted-and-talented programs, 135, 136 Gig economy, 147–63, 172. See also Uber teacher-driver-fathers “Glass ceiling,” 10, 29 “Global care chain,” 112 Globalization, 183 Global Wealth Report, 7 Goffman, Erving, 28 GoFundMe, 62, 152 Goldman, Belle, 183–84 Goldstein, Dana, 82–83 Goodwill, 33, 35 Gothamist, 183 Gould, Elise, 253 Great Britain.

These conglomerates are gargantuan outfits that offer short-term, cheap services delivered by “independent” contractors. They have become hugely successful by trading labor across platforms over which workers have little to no say. There was also a gendered element of this dark Silicon Valley fantasia. Of the dozen Uber and Lyft driver-teachers I spoke to in 2016, most were also parents, and almost all were men. (Of course, this is often true of the workers employed by these services.) It made me wonder whether men were sometimes more willing to literally drive the extra mile to retain their class status. After all, these men were also affected by the American societal amnesia about the cost of raising a family.


pages: 282 words: 85,658

Ask Your Developer: How to Harness the Power of Software Developers and Win in the 21st Century by Jeff Lawson

Airbnb, AltaVista, Amazon Web Services, barriers to entry, big data - Walmart - Pop Tarts, Big Tech, big-box store, bitcoin, business process, call centre, Chuck Templeton: OpenTable:, cloud computing, coronavirus, COVID-19, create, read, update, delete, cryptocurrency, data science, David Heinemeier Hansson, deep learning, DevOps, Elon Musk, financial independence, global pandemic, global supply chain, Hacker News, Internet of things, Jeff Bezos, Kanban, Lean Startup, loose coupling, Lyft, Marc Andreessen, Marc Benioff, Mark Zuckerberg, microservices, minimum viable product, Mitch Kapor, move fast and break things, Paul Graham, peer-to-peer, ride hailing / ride sharing, risk tolerance, Ruby on Rails, Salesforce, side project, Silicon Valley, Silicon Valley startup, Skype, social distancing, software as a service, software is eating the world, sorting algorithm, Startup school, Steve Ballmer, Steve Jobs, Telecommunications Act of 1996, Toyota Production System, transaction costs, transfer pricing, two-pizza team, Uber and Lyft, uber lyft, ubercab, web application, Y Combinator

I once worked with a group of senior leaders from large hospital trade associations who were desperate to improve patient experience, but throughout our time together they made excuses for why that experience was so dismal. Nothing I said about using digital tools to create the kind of transformation they were looking for got through to them. Finally, I asked how many of them had used Uber or Lyft. When they all said they had, I asked them to take their phones out of their pockets and look at how those apps show there’s a car on the way and where it is. I asked them to imagine what it would mean to the patient experience if a patient knew the arrival time of the nurse or a doctor coming to their room to help.

At the time, we did about $100 million in annual revenue, and were on the path toward our initial public offering (IPO), yet we weren’t a household name. That’s because Twilio does not sell products to consumers. We sell a service to software developers that lets their apps communicate with voice, SMS, email, and more. We have amazing customers—Uber, WhatsApp, Lyft, Zendesk, OpenTable, Nordstrom, Nike. But our software hides under the covers, inside websites and mobile apps. In fact, you’ve undoubtedly used Twilio, without knowing it, if you’re a customer of any of those companies or thousands more like them. So having committed half a million dollars to reserve the billboard for a year (yeah, even billboard real estate in the Bay Area is overpriced!)

In fact, you might believe that just buying software was how this transformation would work. Or that the software would just eat the world on its own in some kind of Terminator-like hellscape. Nobody wrote the instruction manual for this transformation. But in fact companies succeed at digital transformation not just by using software but by building software. Startups like Uber, Lyft, Airbnb, and Spotify have become household names because they’re really good at building software. They know how to write software that changes how we live our lives. Now incumbents in every other industry are learning to do the same. Nearly every industry is transforming because of software. Digital transformation initiatives take top priority at all kinds of companies.


pages: 425 words: 112,220

The Messy Middle: Finding Your Way Through the Hardest and Most Crucial Part of Any Bold Venture by Scott Belsky

23andMe, 3D printing, Airbnb, Albert Einstein, Anne Wojcicki, augmented reality, autonomous vehicles, behavioural economics, Ben Horowitz, bitcoin, blockchain, Chuck Templeton: OpenTable:, commoditize, correlation does not imply causation, cryptocurrency, data science, delayed gratification, DevOps, Donald Trump, Elon Musk, endowment effect, fake it until you make it, hiring and firing, Inbox Zero, iterative process, Jeff Bezos, knowledge worker, Lean Startup, Lyft, Mark Zuckerberg, Marshall McLuhan, minimum viable product, move fast and break things, NetJets, Network effects, new economy, old-boy network, Paradox of Choice, pattern recognition, Paul Graham, private spaceflight, reality distortion field, ride hailing / ride sharing, Salesforce, Sheryl Sandberg, Silicon Valley, skeuomorphism, slashdot, Snapchat, Steve Jobs, subscription business, sugar pill, systems thinking, TaskRabbit, TED Talk, the medium is the message, Tony Fadell, Travis Kalanick, Uber for X, uber lyft, WeWork, Y Combinator, young professional

KEEP YOUR OPPONENTS IN THE GAME Aside from being a source of energy for your own productivity, your competitors play a critical role in the health of your industry. Over time, every company in a field builds on one another and helps expand the potential size of the market. For example, in the ride-sharing space, Uber launched on-demand cars before Lyft, Lyft launched a carpooling option before Uber, then Uber launched a tool for drivers to pick up fares at the end of their shift on their way home before Lyft, then Lyft provided “prescheduled rides” before Uber, and the list goes on. Of course, the real winner here is the consumer, who gets a more evolved product offering from the endless competition between two companies. Be grateful to your competitors for never letting your product—and process—become too comfortable.

(Hogan-Brun), 107 LinkedIn, 181, 258 listening, 321 lists, 374 living and dying, 26, 368–69, 373–75 Livingston, Jessica, 101–2 local maxima, 242, 243–44, 289 Loewenstein, George, 272 long-term goals, 26–27, 66, 299, 304, 350 Loup Ventures, 35 Louvre Pyramid, 200–202 Lyft, 191 Macdonald, Hugo, 37–38 Macworld, 295 Maeda, John, 107, 186, 308, 354 magic of engagement, 273 Making Ideas Happen (Belsky), 159, 190, 222 Managed by Q, 221 Marcus Aurelius, 39 market-product fit, 256 Marquet, David, 167 Mastercard, 275, 303–4 Match.com, 259 Maupassant, Guy de, 201 maximizers, 229, 284–85 McKenna, Luke, 217 McKinsey & Company, 72 Meerkat, 265 meetings, 44, 78, 176 Meetup, 168, 243–44 Mehta, Monica, 26 merchandising, internal, 158–60 metrics and measures, 28, 29, 297–99 microwave ovens, 325 middle, 1, 3–4, 7–8, 14–15, 20, 40, 209, 211, 375 volatility of, 1, 4, 6, 8, 12, 14–16, 21, 209 milestones, 25, 27, 31, 40 minimum viable product (MVP), 86, 186, 195, 252 Minshew, Kathryn, 72–73 misalignment, 153–55 mistakes, 324–25, 336 Mitterand, François, 201 Mix, 256 Mizrahi, Isaac, 324 mock-ups, 161–63 momentum, 29 money, raising, 30–31, 102 Monocle, 37 Morin, Dave, 273 motivation, 24 multilingualism, 107–9 Murphy, James, 92 Muse, The, 72, 73 Musk, Elon, 168, 273 Muslims, 302–3 Myspace, 89, 187–88, 349 mystery, 271–73 naivety, 308–9 Narayan, Shantanu, 289 narrative and storytelling, 40–42, 75, 87, 271 building, before product, 255–57 culture and, 134–36 National Day of Unplugging, 328 naysayers, 295 negotiation, 286–87 Negroponte, Nicholas, 107 Nest, 63 Netflix, 83–84, 126 networking, 138–39 networks, 258–61, 283, 284, 320–21 Newsweek, 38 New York Times, 63, 122, 275 Next, 141 99U Conference, 9–10, 26, 138, 167, 181, 197, 220, 221, 360 no, saying, 282–84, 285, 319, 371, 372 Noguchi, Isamu, 141 noise and signal, 320–21 Northwestern Mutual, 66 novelty, and utility, 240–41 NPR, 196 “NYC Deli Problem,” 174 Oates, Joyce Carol, 192 OBECALP, 59–61 obsession, 104–5, 229, 313, 326 Oculus, 350 Odeo, 36 office space, 140–41 openness, 308–9, 350 OpenTable, 79 opinions, 64, 305–7, 317 opportunities, 282–85, 319, 324, 325, 371 optimization, 8, 14–15, 16, 93–338 see also product, optimizing; self, optimizing; team, optimizing Option B: Facing Adversity, Building Resilience, and Finding Joy (Sandberg and Grant), 39 options, managing, 284–85 organizational debt, 178–79 outlasting, 90 outsiders, 88, 105 Page, Larry, 60 Pain, 59 Paperless Post, 239 Paradox of Choice, The: Why More Is Less (Schwartz), 284 parallel processing, 33 parenting, 371, 372 Partpic, 120 passion, empathy and humility before, 248–50 path of least resistance, 85 patience, 78, 80–85, 196 cultural systems for, 81–82, 85 personal pursuit of, 84–85 structural systems for, 83–84, 85 “pebbles” and “boulders,” 182, 268 Pei, I.

“Culture is not something”: Ben Thompson, “The Curse of Culture,” Stratechery, May 24, 2016, https://stratechery.com/2016/the-curse-of-culture. STRUCTURE AND COMMUNICATION MERCHANDISE TO CAPTURE AND KEEP YOUR TEAM’S ATTENTION. “Year of the Driver”: Johana Bhuiyan, “Drivers Don’t Trust Uber. This Is How It’s Trying to Win Them Back,” Recode, February 5, 2018, www.recode.net/2018/2/5/16777536/uber-travis-kalanick-recruit-drivers-tipping. “Of all the things that can”: Teresa Amabile and Steven J. Kramer, “The Power of Small Wins,” Harvard Business Review, May 2011, https://hbr.org/2011/05/the-power-of-small-wins. A MOCK-UP > ANY OTHER METHOD OF SHARING YOUR VISION “When evaluating a product”: Peep Laja, “8 Things That Grab and Hold Website Visitor’s Attention,” Conversation XL, May 8, 2017, https://conversionxl.com/blog/how-to-grab-and-hold-attention.


pages: 303 words: 100,516

Billion Dollar Loser: The Epic Rise and Spectacular Fall of Adam Neumann and WeWork by Reeves Wiedeman

Adam Neumann (WeWork), Airbnb, asset light, barriers to entry, Black Lives Matter, Blitzscaling, Burning Man, call centre, carbon footprint, company town, coronavirus, corporate governance, COVID-19, cryptocurrency, digital nomad, do what you love, Donald Trump, driverless car, dumpster diving, East Village, eat what you kill, Elon Musk, Erlich Bachman, fake news, fear of failure, Gavin Belson, Gordon Gekko, housing crisis, index fund, Jeff Bezos, low interest rates, Lyft, Marc Benioff, margin call, Mark Zuckerberg, Masayoshi Son, Maui Hawaii, medical residency, Menlo Park, microapartment, mortgage debt, Network effects, new economy, prosperity theology / prosperity gospel / gospel of success, reality distortion field, ride hailing / ride sharing, Salesforce, Sand Hill Road, sharing economy, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Skype, Snapchat, SoftBank, software as a service, sovereign wealth fund, starchitect, stealth mode startup, Steve Jobs, Steve Wozniak, subscription business, TechCrunch disrupt, the High Line, Tim Cook: Apple, too big to fail, Travis Kalanick, Uber for X, uber lyft, Vision Fund, WeWork, zero-sum game

Now was the time to go, Artie and others argued. WeWork would need a fresh infusion of capital sometime in the next year to fund its growth, and the markets were on the rise after the late-2018 dip that helped scuttle Fortitude. A bumper crop of other companies that had also spent the decade gulping from the venture capital fire hose—Uber, Lyft, Slack, Beyond Meat—were all going public. Zoom, the videoconferencing software provider, had just listed its shares, which shot up 72 percent on their first day of trading. WeWork didn’t want to miss its moment, and Artie wanted to make sure to get ahead of any leaks, so WeWork could make the case that it was going public at a moment of strength, not desperation.

Adam wasn’t bad with numbers; employees marveled at his ability to scan an empty building and calculate how many desks WeWork could squeeze inside. But he had built WeWork on guts and charm rather than by creating a system to support its growth. The two Uber emigrés set about trying to create a “playbook”—an idea ported from Uber and popular all over the tech world—that would contain a standardized plan for the company’s expanding legion of employees. Their constant refrain became “Well, at Uber…” The comparison annoyed WeWork employees. Uber had plenty of factors complicating its business, but taxi service was more or less universal across the globe, lending itself to a relatively uniform playbook.

He was talking about the math behind valuations and how widely their underlying calculations could vary, depending on what numbers you put in. In this case, Gurley was defending an outsize valuation: Uber, another Benchmark company, had recently been valued at $17 billion. Gurley was critiquing an NYU professor who said that Uber’s valuation was inflated “by a factor of 25.” The professor’s analysis presumed that Uber’s total addressable market, or TAM, was the $100 billion taxi-and-limousine market. Gurley believed that Uber’s TAM was every single car on the road—a market theoretically worth $1.3 trillion. This kind of blue-sky thinking was saturating Silicon Valley.


pages: 116 words: 31,356

Platform Capitalism by Nick Srnicek

"World Economic Forum" Davos, 3D printing, additive manufacturing, Airbnb, Amazon Mechanical Turk, Amazon Web Services, Big Tech, Californian Ideology, Capital in the Twenty-First Century by Thomas Piketty, cloud computing, collaborative economy, collective bargaining, data science, deindustrialization, deskilling, Didi Chuxing, digital capitalism, digital divide, disintermediation, driverless car, Ford Model T, future of work, gig economy, independent contractor, Infrastructure as a Service, Internet of things, Jean Tirole, Jeff Bezos, knowledge economy, knowledge worker, liquidity trap, low interest rates, low skilled workers, Lyft, Mark Zuckerberg, means of production, mittelstand, multi-sided market, natural language processing, Network effects, new economy, Oculus Rift, offshore financial centre, pattern recognition, platform as a service, quantitative easing, RFID, ride hailing / ride sharing, Robert Gordon, Salesforce, self-driving car, sharing economy, Shoshana Zuboff, Silicon Valley, Silicon Valley startup, software as a service, surveillance capitalism, TaskRabbit, the built environment, total factor productivity, two-sided market, Uber and Lyft, Uber for X, uber lyft, unconventional monetary instruments, unorthodox policies, vertical integration, warehouse robotics, Zipcar

Whereas firms once had to spend large amounts to invest in the computing equipment and expertise needed for their businesses, today’s start-ups have flourished because they can simply rent hardware and software from the cloud. As a result, Airbnb, Slack, Uber, and many other start-ups use AWS.79 Uber further relies on Google for mapping, Twilio for texting, SendGrid for emailing, and Braintree for payments: it is a lean platform built on other platforms. These companies have also offloaded costs from their balance sheets and shifted them to their workers: things like investment costs (accommodations for Airbnb, vehicles for Uber and Lyft), maintenance costs, insurance costs, and depreciation costs. Firms such as Instacart (which delivers groceries) have also outsourced delivery costs to food suppliers (e.g.

The convergence thesis helps explain why Google is lobbying with Uber on self-driving cars and why Amazon and Microsoft have been discussing partnerships with German automakers on the cloud platform required by self-driving cars.28 Alibaba and Apple have made major investments in Didi, Apple’s partnership being particularly strategic, given that iPhones are the major interface to taxi services. And nearly all of the major platforms are working to develop medical data platforms. The trend to convergence is igniting international competition as well: intense struggles occur in India and China over who will dominate the ride-sharing industry (Uber, Didi, Lyft) and who will dominate e-commerce (Amazon, Alibaba, Flipkart). Alibaba is already the largest e-commerce site in the world as measured by the volume of its sales,29 and Flipkart is valued at around $15 billion. Under the pressures of competition and the subsequent imperative to expand, we should expect these platforms to acquire as many companies as they need.

Facebook’s own services would be provided for free, but other services would have to partner with Facebook and go through its platform, effectively enclosing the entirety of the internet into Mark Zuckerberg’s silo.31 While rejected in India, the Free Basics service is now active in 37 countries and used by over 25 million people.32 Uber is also effectively building up a system that funnels passengers into its system. The decreased demand for non-Uber cabs means a decreased supply of non-Uber drivers, as more and more of the services move onto Uber. As more passengers turn to Uber’s platform, non-Uber cab drivers will lose out and be forced onto Uber’s platform if they are to survive. The same holds for passengers: as fewer non-Uber cabs roam the streets, the only way to guarantee a cab will eventually be through Uber’s platform. The field of industrial platform is also almost certain to resolve into a series of enclosed spaces, as Siemens and GE are unable (and unwilling) to communicate with each other.


pages: 274 words: 63,679

Right of Way: Race, Class, and the Silent Epidemic of Pedestrian Deaths in America by Angie Schmitt

active transport: walking or cycling, autonomous vehicles, car-free, congestion pricing, COVID-19, crossover SUV, desegregation, Donald Trump, Elaine Herzberg, gentrification, global pandemic, high-speed rail, invention of air conditioning, Lyft, megacity, move fast and break things, off-the-grid, Ralph Nader, Richard Florida, Ronald Reagan, self-driving car, Silicon Valley, Skype, subprime mortgage crisis, super pumped, Uber and Lyft, uber lyft, Unsafe at Any Speed, urban planning, urban sprawl, white flight, wikimedia commons

“Uber IPO,” Financial Times, accessed April 1, 2020, https://www.ft.com/content/b3e70e9e-5c4d-11e9-9dde-7aedca0a081a. 17. Eric Newcomer, “Uber Revenue Slows as Quarterly Loss Surges to $1.1 Billion,” Bloomberg Technology, November 14, 2018, https://www.bloomberg.com/news/articles/2018-11-14/uber-revenue-slows-as-quarterly-loss-surges-to-1-1-billion. 18. Graham Rapier, “Uber and Lyft Are Betting on Self-Driving Cars to Become Profitable. But That May Not Happen, New Research from MIT Suggests,” Business Insider, May 29, 2019, https://www.businessinsider.com/uber-lyft-self-driving-taxis-may-not-help-profitability-mit-2019-5. 19. Dan Albert, telephone interview, October 22, 2019. 20.

Nevertheless, it is clear that walking around intoxicated affects judgment, increasing the risk of getting killed by a car or truck. The question is, what is the appropriate response? Many media and institutional actors have defaulted to treating drunk walking like drunk driving—basically finger wagging. In truth, intoxicated people who resort to walking may lack good alternatives. They can call an Uber or Lyft—if they can afford it. They can also avoid traveling, but that might not always be safe or practical. People might simply be encouraged to moderate their drinking overall. In some countries with much better safety records, like Sweden, alcohol sales are much more tightly controlled, and drinking is more socially discouraged.

Kyle Wiggers, “Waymo’s Autonomous Cars Have Driven 20 Million Miles on Public Roads,” VentureBeat, January 6, 2020, https://venturebeat.com/2020/01/06/waymos-autonomous-cars-have-driven-20-million-miles-on-public-roads/. 10. Amri Efrati, “The Uber Whistleblower’s Email,” The Information, December 10, 2018, https://www.theinformation.com/articles/the-uber-whistleblowers-email. 11. Timothy Lee, “Police: Uber Driver Was Streaming Hulu Just before Fatal Self-Driving Car Crash,” Ars Technica, June 22, 2018, https://arstechnica.com/cars/2018/06/police-uber-driver-was-streaming-hulu-just-before-fatal-self-driving-car-crash/. 12. Laura Bliss, “Former Uber Backup Driver: ‘We Saw This Coming,’” Citylab, March 27, 2018, https://www.citylab.com/transportation/2018/03/former-uber-backup-driver-we-saw-this-coming/556427/. 13.


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Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World by Don Tapscott, Alex Tapscott

"World Economic Forum" Davos, Airbnb, altcoin, Alvin Toffler, asset-backed security, autonomous vehicles, barriers to entry, behavioural economics, bitcoin, Bitcoin Ponzi scheme, blockchain, Blythe Masters, Bretton Woods, business logic, business process, buy and hold, Capital in the Twenty-First Century by Thomas Piketty, carbon credits, carbon footprint, clean water, cloud computing, cognitive dissonance, commoditize, commons-based peer production, corporate governance, corporate social responsibility, creative destruction, Credit Default Swap, crowdsourcing, cryptocurrency, currency risk, decentralized internet, digital capitalism, disintermediation, disruptive innovation, distributed ledger, do well by doing good, Donald Trump, double entry bookkeeping, driverless car, Edward Snowden, Elon Musk, Erik Brynjolfsson, Ethereum, ethereum blockchain, failed state, fiat currency, financial innovation, Firefox, first square of the chessboard, first square of the chessboard / second half of the chessboard, future of work, Future Shock, Galaxy Zoo, general purpose technology, George Gilder, glass ceiling, Google bus, GPS: selective availability, Hacker News, Hernando de Soto, Higgs boson, holacracy, income inequality, independent contractor, informal economy, information asymmetry, information security, intangible asset, interest rate swap, Internet of things, Jeff Bezos, jimmy wales, Kickstarter, knowledge worker, Kodak vs Instagram, Lean Startup, litecoin, Lyft, M-Pesa, Marc Andreessen, Mark Zuckerberg, Marshall McLuhan, means of production, microcredit, mobile money, money market fund, Neal Stephenson, Network effects, new economy, Oculus Rift, off grid, pattern recognition, peer-to-peer, peer-to-peer lending, peer-to-peer model, performance metric, Peter Thiel, planetary scale, Ponzi scheme, prediction markets, price mechanism, Productivity paradox, QR code, quantitative easing, radical decentralization, ransomware, Ray Kurzweil, renewable energy credits, rent-seeking, ride hailing / ride sharing, Ronald Coase, Ronald Reagan, Salesforce, Satoshi Nakamoto, search costs, Second Machine Age, seigniorage, self-driving car, sharing economy, Silicon Valley, Skype, smart contracts, smart grid, Snow Crash, social graph, social intelligence, social software, standardized shipping container, Stephen Hawking, Steve Jobs, Steve Wozniak, Stewart Brand, supply-chain management, systems thinking, TaskRabbit, TED Talk, The Fortune at the Bottom of the Pyramid, The Nature of the Firm, The Soul of a New Machine, The Wisdom of Crowds, transaction costs, Turing complete, Turing test, Tyler Cowen, Uber and Lyft, uber lyft, unbanked and underbanked, underbanked, unorthodox policies, vertical integration, Vitalik Buterin, wealth creators, X Prize, Y2K, Yochai Benkler, Zipcar

Blockchain technology will accelerate this process. As the Internet of Things takes hold, these trends will go into hyperdrive. THE FUTURE: FROM UBER TO SUBER We’ve covered a lot of ground in this chapter. Now let’s pull all the strands of innovation together in just one scenario. Consider service aggregators like Uber and Lyft. Uber is an app-based ride-sharing network of drivers who are willing to give other people a lift for a fee. To use Uber, you download the Uber app, create an account, and provide Uber with your credit card information. When you use the app to request a car, it asks you to select the type of car you want and marks your location on a map.

For Benkler, “Blockchain enables people to translate their willingness to work together into a set of reliable accounting—of rights, assets, deeds, contributions, uses—that displaces some of what a company like Uber does. So that if drivers want to set up their own Uber and replace Uber with a pure cooperative, blockchain enables that.” He emphasized the word enable. To him, “There’s a difference between enabling and moving the world in a new direction.” He said, “People still have to want to do it, to take the risk of doing it.”31 So get ready for blockchain Airbnb, blockchain Uber, blockchain Lyft, blockchain Task Rabbit, and blockchain everything wherever there is an opportunity for real sharing and for value creation to work together in a cooperative way and receive most of the value they create. 4.

A world where billions of excluded people can now participate in the global economy and share in its largesse. Here’s a preview. Creating a True Peer-to-Peer Sharing Economy Pundits often refer to Airbnb, Uber, Lyft, TaskRabbit, and others as platforms for the “sharing economy.” It’s a nice notion—that peers create and share in value. But these businesses have little to do with sharing. In fact, they are successful precisely because they do not share—they aggregate. It is an aggregating economy. Uber is a $65 billion corporation that aggregates driving services. Airbnb, the $25 billion Silicon Valley darling, aggregates vacant rooms. Others aggregate equipment and handymen through their centralized, proprietary platforms and then resell them.


pages: 348 words: 97,277

The Truth Machine: The Blockchain and the Future of Everything by Paul Vigna, Michael J. Casey

3D printing, additive manufacturing, Airbnb, altcoin, Amazon Web Services, barriers to entry, basic income, Berlin Wall, Bernie Madoff, Big Tech, bitcoin, blockchain, blood diamond, Blythe Masters, business process, buy and hold, carbon credits, carbon footprint, cashless society, circular economy, cloud computing, computer age, computerized trading, conceptual framework, content marketing, Credit Default Swap, cross-border payments, crowdsourcing, cryptocurrency, cyber-physical system, decentralized internet, dematerialisation, disinformation, disintermediation, distributed ledger, Donald Trump, double entry bookkeeping, Dunbar number, Edward Snowden, Elon Musk, Ethereum, ethereum blockchain, failed state, fake news, fault tolerance, fiat currency, financial engineering, financial innovation, financial intermediation, Garrett Hardin, global supply chain, Hernando de Soto, hive mind, informal economy, information security, initial coin offering, intangible asset, Internet of things, Joi Ito, Kickstarter, linked data, litecoin, longitudinal study, Lyft, M-Pesa, Marc Andreessen, market clearing, mobile money, money: store of value / unit of account / medium of exchange, Network effects, off grid, pets.com, post-truth, prediction markets, pre–internet, price mechanism, profit maximization, profit motive, Project Xanadu, ransomware, rent-seeking, RFID, ride hailing / ride sharing, Ross Ulbricht, Satoshi Nakamoto, self-driving car, sharing economy, Silicon Valley, smart contracts, smart meter, Snapchat, social web, software is eating the world, supply-chain management, Ted Nelson, the market place, too big to fail, trade route, Tragedy of the Commons, transaction costs, Travis Kalanick, Turing complete, Uber and Lyft, uber lyft, unbanked and underbanked, underbanked, universal basic income, Vitalik Buterin, web of trust, work culture , zero-sum game

The outcry over this and other privacy concerns led to a settlement with New York Attorney General Eric Schneiderman in which Uber agreed to encrypt riders’ names and geolocation data. It’s certainly not hard to see that Uber and its main competitor, Lyft, have quickly enmeshed themselves in our daily lives. When the name of your company becomes a verb—Xerox, Google, Uber—you know you’ve arrived. But for all the branding associated with democratizing transportation, and with allowing drivers and passengers to come together and “ride-share,” Uber is really a centralization play. It’s not about disintermediation at all. This for-profit company is the gatekeeper for every deal that gets struck between every driver and every passenger, and for that it takes 25 percent each time.

Who would have thought a decade ago that people would feel comfortable riding in the car of some stranger they’d just discovered on their phones? Well, Uber and Lyft got us over that trust barrier by incorporating a reputation scoring system for both drivers and passengers, one that was only made possible because of the expansion of social networks and communication. Their model showed that if we can resolve our trust issues with technology and give people confidence to transact, those people are willing and able to go into direct exchanges with complete strangers. These ideas are setting us on a path to a peer-to-peer economy. What blockchain technology says is, “Why stop at Uber?” Why do we even need this particular company, which takes 25 percent from each ride and has a reputation for abusing its “God’s View” knowledge of passengers’ rides?

See permissioned (private) blockchains Procivis proof-of-stake algorithm proof of work prosumers Protocol Labs Provenance public key infrastructure (PKI) Pureswaran, Veena R3 CEV consortium ransom attacks Ravikant, Naval Realini, Carol re-architecting record keeping and proof-of-stake algorithm and supply chains and trust See also ledger-keeping Reddit refugee camps Regenor, James reputation scoring Reuschel, Peter Rhodes, Yorke ride-sharing Commuterz Lyft reputation scoring Uber Ripple Labs Rivest Co. Rockefeller Foundation Rosenfeld, Meni rotating savings and credit associations (ROSCAs) Russia Safaricom Santori, Marco Sawtooth Lake scalability and Bitcoin and Ethereum and permissionless systems Schneiderman, Eric Schneier, Bruce Schwab, Klaus Secure Sockets Layer (SSL) Security and Exchange Commission Segregation Witness (SegWit) SegWit2x self-sovereign identities.


pages: 864 words: 272,918

Palo Alto: A History of California, Capitalism, and the World by Malcolm Harris

2021 United States Capitol attack, Aaron Swartz, affirmative action, air traffic controllers' union, Airbnb, Alan Greenspan, Alvin Toffler, Amazon Mechanical Turk, Amazon Web Services, Apple II, Apple's 1984 Super Bowl advert, back-to-the-land, bank run, Bear Stearns, Big Tech, Bill Gates: Altair 8800, Black Lives Matter, Bob Noyce, book scanning, British Empire, business climate, California gold rush, Cambridge Analytica, capital controls, Charles Lindbergh, classic study, cloud computing, collective bargaining, colonial exploitation, colonial rule, Colonization of Mars, commoditize, company town, computer age, conceptual framework, coronavirus, corporate personhood, COVID-19, cuban missile crisis, deindustrialization, Deng Xiaoping, desegregation, deskilling, digital map, double helix, Douglas Engelbart, Edward Snowden, Elon Musk, Erlich Bachman, estate planning, European colonialism, Fairchild Semiconductor, financial engineering, financial innovation, fixed income, Frederick Winslow Taylor, fulfillment center, future of work, Garrett Hardin, gentrification, George Floyd, ghettoisation, global value chain, Golden Gate Park, Google bus, Google Glasses, greed is good, hiring and firing, housing crisis, hydraulic fracturing, if you build it, they will come, illegal immigration, immigration reform, invisible hand, It's morning again in America, iterative process, Jeff Bezos, Joan Didion, John Markoff, joint-stock company, Jony Ive, Kevin Kelly, Kickstarter, knowledge worker, land reform, Larry Ellison, Lean Startup, legacy carrier, life extension, longitudinal study, low-wage service sector, Lyft, manufacturing employment, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Marshall McLuhan, Max Levchin, means of production, Menlo Park, Metcalfe’s law, microdosing, Mikhail Gorbachev, military-industrial complex, Monroe Doctrine, Mont Pelerin Society, moral panic, mortgage tax deduction, Mother of all demos, move fast and break things, mutually assured destruction, new economy, Oculus Rift, off grid, oil shale / tar sands, PageRank, PalmPilot, passive income, Paul Graham, paypal mafia, Peter Thiel, pets.com, phenotype, pill mill, platform as a service, Ponzi scheme, popular electronics, power law, profit motive, race to the bottom, radical life extension, RAND corporation, Recombinant DNA, refrigerator car, Richard Florida, ride hailing / ride sharing, rising living standards, risk tolerance, Robert Bork, Robert Mercer, Robert Metcalfe, Ronald Reagan, Salesforce, San Francisco homelessness, Sand Hill Road, scientific management, semantic web, sexual politics, Sheryl Sandberg, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, social web, SoftBank, software as a service, sovereign wealth fund, special economic zone, Stanford marshmallow experiment, Stanford prison experiment, stem cell, Steve Bannon, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, stock buybacks, strikebreaker, Suez canal 1869, super pumped, TaskRabbit, tech worker, Teledyne, telemarketer, the long tail, the new new thing, thinkpad, Thorstein Veblen, Tim Cook: Apple, Tony Fadell, too big to fail, Toyota Production System, Tragedy of the Commons, transcontinental railway, traumatic brain injury, Travis Kalanick, TSMC, Uber and Lyft, Uber for X, uber lyft, ubercab, union organizing, Upton Sinclair, upwardly mobile, urban decay, urban renewal, value engineering, Vannevar Bush, vertical integration, Vision Fund, W. E. B. Du Bois, War on Poverty, warehouse robotics, Wargames Reagan, Washington Consensus, white picket fence, William Shockley: the traitorous eight, women in the workforce, Y Combinator, Y2K, Yogi Berra, éminence grise

Aaron Benanav, Automation and the Future of Work (New York: Verso Books, 2020), 60. 14. Brad Stone, The Upstarts: How Uber, Airbnb, and the Killer Companies of the New Silicon Valley Are Changing the World (New York: Little, Brown, 2017), 329. 15. Rowland Manthorpe, “Forget Uber vs Lyft, the Real Funding Battle Is between Saudi Princes and Canadian Teachers,” Wired UK, October 20, 2017. 16. Therese Poletti, “Uber and Lyft Are Staging a Ridiculous Race for Fake Profits,” MarketWatch, accessed August 5, 2021, https://www.marketwatch.com/story/uber-and-lyft-are-staging-a-ridiculous-race-for-fake-profits-11628205337. 17. Faiz Siddiqui, “Uber, Other Gig Companies Spend Nearly $200 Million to Knock Down an Employment Law They Don’t Like—And It Might Work,” Washington Post, October 26, 2020. 18.

Silicon Valley’s twenty-first-century firms underwent their own type of rapid carcinization, flattening into “platforms” suspended on rows of contractor pin legs. At first, the Uber guys clearly did not understand what they had, and neither did a parallel group of guys building their biggest competitor, Lyft. The two were made for disparate use cases—the Lyft founders admired the efficiency of ride-sharing in Zimbabwe, which made full use of empty seats, while the Uber guys wanted to pay less for a limo—but they converged on the same model. Like the winningest firms of the dot-com era, they tended toward monopoly plays, searching for social layers to disrupt with computers.

Most people in San Francisco might not be able to tell you what CRM or “platform as a service” is exactly, but everyone can point you to the Salesforce Tower, which took over the top spot in the skyline in 2017, overshadowing the Gianninis’ Transamerica Pyramid. Maybe because Lyft was the more naive company, it started making use of drivers who didn’t have professional licenses first. When Uber saw its competitor getting away with it, it followed suit. Designed to be profitable, Uber plowed every bit of income (and then some) into growth instead. The firm subsidized riders and drivers, changing the model from “better than a cab, cheaper than a limo” to “cheaper than a cab, so don’t take a cab ever again.”


pages: 290 words: 72,046

5 Day Weekend: Freedom to Make Your Life and Work Rich With Purpose by Nik Halik, Garrett B. Gunderson

Airbnb, bitcoin, Buckminster Fuller, business process, clean water, collaborative consumption, cryptocurrency, delayed gratification, diversified portfolio, do what you love, drop ship, en.wikipedia.org, estate planning, Ethereum, fear of failure, fiat currency, financial independence, gamification, glass ceiling, Grace Hopper, Home mortgage interest deduction, independent contractor, initial coin offering, Isaac Newton, Kaizen: continuous improvement, litecoin, low interest rates, Lyft, market fundamentalism, microcredit, minimum viable product, mortgage debt, mortgage tax deduction, multilevel marketing, Nelson Mandela, passive income, peer-to-peer, peer-to-peer rental, planned obsolescence, Ponzi scheme, quantitative easing, Ralph Waldo Emerson, ride hailing / ride sharing, selling pickaxes during a gold rush, sharing economy, side project, Skype, solopreneur, subscription business, TaskRabbit, TED Talk, traveling salesman, uber lyft

She now earns between $1,000 and $1,800 a month from her Airbnb property. Uber/Lyft You can earn money on your schedule. You give rides when you want and earn as much as you want, with the potential to make great money. Thirty hours of driving per week can generate up to $1,000 on average. You get paid weekly and your fares are automatically deposited. Additionally, this is a unique way to monetize your car, especially if you have a car loan. You could buy a new car and pay it off as an Uber or Lyft driver. In late 2016, I was visiting London to deliver a keynote address. I had an Uber driver pick me up, and we struck up a conversation.

The drivers simply spend their time and drive, and generate about $4,000 per month net after their rental fee. For these drivers, $7,000 can support their families for an entire year back in Afghanistan. Akram’s plan is to upgrade his fleet to fifty cars. There are thirty other refugees on the waiting list to take up his offer. And even if you don’t want to drive for Uber or Lyft, you can still make money with them. There are plenty of people who have a driver’s license but don’t own a car. If you have an under-utilized car that’s just sitting in your garage and depreciating in value, you can rent it out to ridesharing drivers. You can now list your car on HyreCar.com.

Keohohou, Nicki Kets de Vries, Manfred keystone habits Kiyosaki, Robert Komisar, Randy Kroc, Ray L labor markets, technology’s transformation of Lavie, Peretz Lemony Snicket Lending Club leverage, and Cash Flow Insurance and content and creating greater returns and credit scores and current assets and entrepreneurship and real estate investments liabilities, and insurance vs. debt liberated entrepreneurs life boards, creating life insurance, combining with long-term care insurance as protective expense whole life insurance lifestyle, and cash flow cutting expenses of and freedom and Growth investment strategies and loan debt Linchpin (Godin) LinkedIn liquidity, and Cash Flow Insurance of checking and savings accounts and economic cycles and failure of conventional investments of Growth investments and real estate investments and reducing debt and tax lien certificates Litecoin “Live Like You Were Dying” (song) Living Wealthy Accounts LLCs loads, on mutual funds loans, and Cash Flow Index and credit scores and economic cycles for real estate investments restructuring from retirement plans against whole life insurance policies See also debt location, and real estate investments and storage unit construction Loehr, Jim long-term care insurance Loopnet Lyft, as entrepreneurial opportunity Lynch, Peter M Mackay, Harvey “mailbox money” myth maintenance, and storage units Mandela, Nelson Marcus Aurelius market conditions, and business startup investments and real estate investments market cycles See also economic cycles market demand, and entrepreneurial opportunities Mastermind Principle materialism, and the American dream and simplicity Maxwell, John McCain, John McCoy, Dan meals, as tax deduction meaning, and generosity medical insurance, as protective expense Melish, Stephanie mental capital mental energy mentors, and building your inner circle microcredit Mill, John Stuart mindfulness mindset, of abundance changing components of a strong and control and debt and hiring employees and limitations and Living Wealthy Accounts and quitting your job and real estate investments and resourcefulness strengthening mineral rights mobile apps, as entrepreneurial opportunity Moffat, Kyle Momentum investments, and active vs. passive income streams business startups cryptocurrencies description of gold and silver speculation and Growth investment strategies investing in people and Passive Income Ratio private equity investments purchasing distressed businesses understanding financial reports Monero monetary policies, and economic cycles moneylenders money managers fees money mastery Moody, D.


pages: 327 words: 90,542

The Age of Stagnation: Why Perpetual Growth Is Unattainable and the Global Economy Is in Peril by Satyajit Das

"there is no alternative" (TINA), "World Economic Forum" Davos, 9 dash line, accounting loophole / creative accounting, additive manufacturing, Airbnb, Alan Greenspan, Albert Einstein, Alfred Russel Wallace, Anthropocene, Anton Chekhov, Asian financial crisis, banking crisis, Bear Stearns, Berlin Wall, bitcoin, bond market vigilante , Bretton Woods, BRICs, British Empire, business cycle, business process, business process outsourcing, call centre, capital controls, Capital in the Twenty-First Century by Thomas Piketty, carbon tax, Carmen Reinhart, Clayton Christensen, cloud computing, collaborative economy, colonial exploitation, computer age, creative destruction, cryptocurrency, currency manipulation / currency intervention, David Ricardo: comparative advantage, declining real wages, Deng Xiaoping, deskilling, digital divide, disintermediation, disruptive innovation, Downton Abbey, Emanuel Derman, energy security, energy transition, eurozone crisis, financial engineering, financial innovation, financial repression, forward guidance, Francis Fukuyama: the end of history, full employment, geopolitical risk, gig economy, Gini coefficient, global reserve currency, global supply chain, Goldman Sachs: Vampire Squid, Great Leap Forward, Greenspan put, happiness index / gross national happiness, high-speed rail, Honoré de Balzac, hydraulic fracturing, Hyman Minsky, illegal immigration, income inequality, income per capita, indoor plumbing, informal economy, Innovator's Dilemma, intangible asset, Intergovernmental Panel on Climate Change (IPCC), it is difficult to get a man to understand something, when his salary depends on his not understanding it, It's morning again in America, Jane Jacobs, John Maynard Keynes: technological unemployment, junk bonds, Kenneth Rogoff, Kevin Roose, knowledge economy, knowledge worker, Les Trente Glorieuses, light touch regulation, liquidity trap, Long Term Capital Management, low interest rates, low skilled workers, Lyft, Mahatma Gandhi, margin call, market design, Marshall McLuhan, Martin Wolf, middle-income trap, Mikhail Gorbachev, military-industrial complex, Minsky moment, mortgage debt, mortgage tax deduction, new economy, New Urbanism, offshore financial centre, oil shale / tar sands, oil shock, old age dependency ratio, open economy, PalmPilot, passive income, peak oil, peer-to-peer lending, pension reform, planned obsolescence, plutocrats, Ponzi scheme, Potemkin village, precariat, price stability, profit maximization, pushing on a string, quantitative easing, race to the bottom, Ralph Nader, Rana Plaza, rent control, rent-seeking, reserve currency, ride hailing / ride sharing, rising living standards, risk/return, Robert Gordon, Robert Solow, Ronald Reagan, Russell Brand, Satyajit Das, savings glut, secular stagnation, seigniorage, sharing economy, Silicon Valley, Simon Kuznets, Slavoj Žižek, South China Sea, sovereign wealth fund, Stephen Fry, systems thinking, TaskRabbit, The Chicago School, The Great Moderation, The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth, the market place, the payments system, The Spirit Level, Thorstein Veblen, Tim Cook: Apple, too big to fail, total factor productivity, trade route, transaction costs, uber lyft, unpaid internship, Unsafe at Any Speed, Upton Sinclair, Washington Consensus, We are the 99%, WikiLeaks, Y2K, Yom Kippur War, zero-coupon bond, zero-sum game

Behind the 1960s peace, love, and flowers of the sharing economy, it is Darwinian capitalism. Uber has obtained financing of more than US$1.5 billion, valuing the business at US$40 billion—a higher valuation than traditional car hire companies such as Hertz and Avis, and publicly listed transport companies such as Delta Air Lines, American Airlines, and United Continental. Airbnb has a higher value than all but the biggest hotel chains. Given the high stakes, competition is fierce, unethical, and unsavory. Uber has admitted trying to disrupt Lyft's fundraising efforts. It does not welcome criticism, allegedly considering spending a million dollars to hire researchers to uncover information on the personal lives of reporters critical of its service in order to discredit them.

The sharing economy (also known as the peer economy, collaborative economy, and gig economy) is based on the ubiquitous Internet, improved broadband connectivity, smartphones, and apps. Individuals with spare time, houses, rooms, cars, and the like can use them as sources of work and income. The economy that benefits everyone focuses on transport (Uber, Lyft, Sidecar, GetTaxi, Hailo), short-term accommodation (Airbnb, HomeAway), small tasks (TaskRabbit, Fiverr), grocery-shopping services (Instacart), home-cooked meals (Feastly), on-demand delivery services (Postmates, Favor), pet transport (DogVacay, Rover), car rental (RelayRides, Getaround), boat rental (Boatbound), and tool rental (Zilok).

Providers are engaged in rich and diverse work, gaining valuable independence and flexibility. Lyft's slogan is “Your Friend with a Car.” Airbnb and Feastly urge hosts and guests to share photos and communicate to build trust. Some things remain the same. Researchers have found that, accounting for other variables, Airbnb guests pay black hosts less than they do white ones.8 The sharing economy, in reality, relies on disintermediating existing businesses and minimizing regulatory costs. Amateur chauffeurs, chefs, and personal assistants now perform, at a lower cost, work once undertaken by full-time professionals. Airbnb, Lyft, and others do not always comply with regulations designed to ensure a minimum level of skill, standard of performance, safety and security, and insurance coverage.


Fodor's Big Island of Hawaii by Fodor’s Travel Guides

Airbnb, carbon footprint, company town, COVID-19, Easter island, Lyft, Maui Hawaii, off-the-grid, polynesian navigation, QR code, ride hailing / ride sharing, Uber and Lyft, uber lyft

For those traveling to South Kona, a bypass road between Keauhou and Captain Cook alleviates congestion considerably during rush hour. In general, you can expect the following average driving times. o Ride-Sharing Both Uber and Lyft have designated pickup sites at the Hilo and Kona airports. Those who plan on traveling long distances may find that regular taxis are a bit cheaper, and you may have a longer wait for Uber and Lyft pickups beyond the airports. Essentials ; Beaches Don’t believe anyone who tells you that the Big Island lacks beaches. It’s just one of the myths about Hawaii’s largest island. It’s not so much that the Big Island has fewer beaches than the other islands, just that there’s more island, so getting to the beaches can be slightly less convenient.

Call or calculate online for fares to popular destinations. The local Hele-On county bus also services the Hilo airport. At the Kona airport, taxis are available. SpeediShuttle also offers transportation between the airport and hotels, resorts, and condominium complexes from Waimea to Keauhou. Uber and Lyft have designated pickup areas at the Kona and Hilo airports. j Bus Although public transportation isn’t very practical for the average vacationer, depending on where you’re staying, you can take advantage of the affordable Hawaii County Mass Transit Agency’s Hele-On Bus, which travels several routes throughout the island.

Still, this is the best airport to fly into if your main goal is to visit Hilo and Hawaii Volcanoes National Park. AIRPORT Hilo International Airport (ITO). E2450 Kekuanaoa St., Hilo P808/961–9300 wwww.airports.hawaii.gov/ito. AIRPORT TRANSFERS The Hilo airport is a five-minute drive from the hotels. There are no hotel shuttles to and from the airport. Take a taxi, Uber, or Lyft. You can also catch a Hele-On bus from the airport once every hour. BUS The Hele-On (wwww.heleonbus.org) public bus offers intra-Hilo transit service throughout town, but buses don’t operate at night. For ultra-budget travelers, the Hele-On bus is a cost-effective way to visit Hawaii Volcanoes National Park or Pahoa Town without having to rent a car.


pages: 252 words: 73,131

The Inner Lives of Markets: How People Shape Them—And They Shape Us by Tim Sullivan

Abraham Wald, Airbnb, airport security, Al Roth, Alvin Roth, Andrei Shleifer, attribution theory, autonomous vehicles, barriers to entry, behavioural economics, Brownian motion, business cycle, buy and hold, centralized clearinghouse, Chuck Templeton: OpenTable:, classic study, clean water, conceptual framework, congestion pricing, constrained optimization, continuous double auction, creative destruction, data science, deferred acceptance, Donald Trump, Dutch auction, Edward Glaeser, experimental subject, first-price auction, framing effect, frictionless, fundamental attribution error, George Akerlof, Goldman Sachs: Vampire Squid, Gunnar Myrdal, helicopter parent, information asymmetry, Internet of things, invisible hand, Isaac Newton, iterative process, Jean Tirole, Jeff Bezos, Johann Wolfgang von Goethe, John Nash: game theory, John von Neumann, Joseph Schumpeter, Kenneth Arrow, late fees, linear programming, Lyft, market clearing, market design, market friction, medical residency, multi-sided market, mutually assured destruction, Nash equilibrium, Occupy movement, opioid epidemic / opioid crisis, Pareto efficiency, Paul Samuelson, Peter Thiel, pets.com, pez dispenser, power law, pre–internet, price mechanism, price stability, prisoner's dilemma, profit motive, proxy bid, RAND corporation, ride hailing / ride sharing, Robert Shiller, Robert Solow, Ronald Coase, school choice, school vouchers, scientific management, sealed-bid auction, second-price auction, second-price sealed-bid, sharing economy, Silicon Valley, spectrum auction, Steve Jobs, Tacoma Narrows Bridge, techno-determinism, technoutopianism, telemarketer, The Market for Lemons, The Wisdom of Crowds, Thomas Malthus, Thorstein Veblen, trade route, transaction costs, two-sided market, uber lyft, uranium enrichment, Vickrey auction, Vilfredo Pareto, WarGames: Global Thermonuclear War, winner-take-all economy

There need not be only two sides: Google’s Android is a meeting point for makers of smart phones like LG and Samsung, app designers, and consumers. The business networking service LinkedIn similarly brings together corporate recruiters, job hunters or employees, and advertisers. The list goes on, including some of the recent “sharing economy” companies that have gotten so much attention: Uber, Lyft, Airbnb, Postmates, and many other online marketplaces. The market maker faces a delicate balancing act in satisfying the needs and wants of each side. And indeed a platform isn’t much good unless all sides agree to participate. Just as no one would visit a supermarket that stocked only a limited supply of cornflakes, eBay wouldn’t get many visitors if the only items for bid were a couple of old Pez dispensers.

The Champagne wardens ensured that the merchant of Prato got paid, other traders took notice, and the Champagne fairs thrived. Successful internet platforms, such as eBay, Uber, and Amazon, have similarly figured out ways of making most transactions run smoothly and acting as arbitrator in those that don’t (and, in Uber’s case, using a proprietary algorithm that governs how to connect drivers and customers). The market maker can screen out undesirables from all sides of the platform, but as cases like eBay and Uber suggest, often the job is left to platform participants themselves. The platform manager makes customer feedback possible, and in theory, the wisdom of crowds takes care of the rest, solving the asymmetric information problem that George Akerlof identified as the enemy of market function back in 1970.

This was the founding insight of the car service platform Uber. According to founder Garrett Camp (who had also created web discovery engine StumbleUpon), he was inspired by the fact that he couldn’t get a cab in San Francisco’s South Park neighborhood, even though he saw black town cars all over the area, presumably on their way to different appointments. Now, idle car owners and their idle cars are being put to greater use in the service of those formerly at the mercy of taxi dispatchers. Taxi cartels worldwide are losing the fight against Uber and its sharing economy brethren, or face imminent disruption. And if you believe the Uber narrative, drivers and riders everywhere are rejoicing.


Trixie and Katya's Guide to Modern Womanhood by Trixie Mattel, Katya

Lyft, Rubik’s Cube, Skype, Snapchat, TaskRabbit, trickle-down economics, uber lyft

It’s better to lie in wait as a drooling stooge. Then you can floor everyone by solving a Rubik’s Cube at a holiday party and be like, “What?” BEAUTY As long as I’ve been alive, I have known I was gorgeous. The longing glances from adult strangers, the catty remarks from peers, the sexual advances from Uber drivers. Using vocabulary from my Friday afternoon Lyft trip with Mohammad, I am what you would consider “five stars.” However, beauty is entirely in the eye of the beholder. For example: A Trixie Mattel show was reviewed in Newcastle. Let’s call the reviewer Kate because that’s her name. Kate described me as someone who “revels in the repulsion she exudes.”

Upon becoming a “richie,” I checked in on some of my favorite ways to live cheap: 1. Bitch, I love biking. The speed, the danger, the wind in my nonexistent hair! My bike cost me two hundred fifty dollars—think about it. An Uber in LA is at least ten bucks (See the chapter titled “Travel”), so twenty-five bike rides later I got me a FREE BIKE. People are always confused when they see me walk in with a helmet in tow. “Did you bike here?” No, bitch, I took a Lyft but I’m just cautious and prone to seizures. DUH. I am always asked then, “Do you need a ride?” No, bitch, I have my bike, WHICH IS A RIDE. And, girl—invest in a bike lock. And lock it around the front tire.

They act like it’s normal, which is weirder. Don’t act like every order you’ve delivered tonight is for fucking scalped Marge Simpson answering the door. I’d love it if they were like [moans] but it never happens. Monique Heart just told me an Uber driver was like, “Yeah, you wanna rub my shoulders?” That never happens to me! K: It happens—not in Ubers, but it happened to me a lot in cabs. T: This is what happens to me in Ubers. They drive by, see me in drag, and keep driving, and they cancel the ride. Maybe it hasn’t happened to you because with your drag, maybe it’s too late. You’re already stepping in the car before they realize something’s going on.


pages: 252 words: 78,780

Lab Rats: How Silicon Valley Made Work Miserable for the Rest of Us by Dan Lyons

"Friedman doctrine" OR "shareholder theory", "Susan Fowler" uber, "World Economic Forum" Davos, Airbnb, Amazon Robotics, Amazon Web Services, antiwork, Apple II, augmented reality, autonomous vehicles, basic income, Big Tech, bitcoin, blockchain, Blue Ocean Strategy, business process, call centre, Cambridge Analytica, Clayton Christensen, clean water, collective bargaining, corporate governance, corporate social responsibility, creative destruction, cryptocurrency, data science, David Heinemeier Hansson, digital rights, Donald Trump, Elon Musk, Ethereum, ethereum blockchain, fake news, full employment, future of work, gig economy, Gordon Gekko, greed is good, Hacker News, hiring and firing, holacracy, housing crisis, impact investing, income inequality, informal economy, initial coin offering, Jeff Bezos, job automation, job satisfaction, job-hopping, John Gruber, John Perry Barlow, Joseph Schumpeter, junk bonds, Kanban, Kevin Kelly, knowledge worker, Larry Ellison, Lean Startup, loose coupling, Lyft, Marc Andreessen, Mark Zuckerberg, McMansion, Menlo Park, Milgram experiment, minimum viable product, Mitch Kapor, move fast and break things, new economy, Panopticon Jeremy Bentham, Parker Conrad, Paul Graham, paypal mafia, Peter Thiel, plutocrats, precariat, prosperity theology / prosperity gospel / gospel of success, public intellectual, RAND corporation, remote working, RFID, ride hailing / ride sharing, Ronald Reagan, Rubik’s Cube, Ruby on Rails, Sam Altman, San Francisco homelessness, Sand Hill Road, scientific management, self-driving car, shareholder value, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, six sigma, Skinner box, Skype, Social Responsibility of Business Is to Increase Its Profits, SoftBank, software is eating the world, Stanford prison experiment, stem cell, Steve Jobs, Steve Wozniak, Stewart Brand, stock buybacks, super pumped, TaskRabbit, tech bro, tech worker, TechCrunch disrupt, TED Talk, telemarketer, Tesla Model S, Thomas Davenport, Tony Hsieh, Toyota Production System, traveling salesman, Travis Kalanick, tulip mania, Uber and Lyft, Uber for X, uber lyft, universal basic income, web application, WeWork, Whole Earth Catalog, work culture , workplace surveillance , Y Combinator, young professional, Zenefits

A few hours earlier Schifter had posted a long essay on Facebook explaining his reasons. He said that he had once made a good living driving a limo in New York, earning enough to buy a house outside the city, in the Poconos. But then came the onslaught of new drivers working for services like Uber and Lyft, and rates plummeted for everyone, so low that nobody could make a living as a driver anymore. Schifter was putting in seventeen-hour days, sometimes earning as little as $4 an hour. He fell into debt. He missed a mortgage payment and was in danger of losing his home. “I have been financially ruined,” he wrote.

“I will not be a slave working for chump change. I would rather be dead.” Silicon Valley promotes the gig economy as an innovative new industry that is creating jobs for millions of people. But the jobs being created are mostly bad ones. Meanwhile, gig-economy companies threaten established industries. Airbnb steals business from hotels. Uber and Lyft have hurt business at car-rental companies like Hertz and Avis, and have utterly decimated the taxi and livery business. Pundits like to talk about “creative destruction” as if it were an abstract concept, but the sight of a driver parked in front of City Hall with his head blown off served as a reminder that all this change and so-called progress is coming at a very high cost to actual human beings.

Tesla, Spotify, Dropbox, Box, Snap, Square, Workday, Cloudera, Okta, Blue Apron, Roku, MongoDB, Redfin, Yext, Forescout, Docusign, Smartsheet—they’re all publicly traded, and they all lose money, and in some cases a lot of it, sometimes for years and years, long after they go public. Other unicorns like Uber, Lyft, Airbnb, Slack, Pinterest, WeWork, Vice Media, Magic Leap, Bloom Energy, and Postmates remain privately held, but reportedly don’t turn a profit. As I write this, a tech start-up called Domo is attempting to offer shares to the public even though the company lost $360 million over the past two years, on sales of just $183 million, meaning Domo loses two dollars for every dollar it took in.


pages: 504 words: 126,835

The Innovation Illusion: How So Little Is Created by So Many Working So Hard by Fredrik Erixon, Bjorn Weigel

Airbnb, Alan Greenspan, Albert Einstein, American ideology, asset allocation, autonomous vehicles, barriers to entry, Basel III, Bernie Madoff, bitcoin, Black Swan, blockchain, Blue Ocean Strategy, BRICs, Burning Man, business cycle, Capital in the Twenty-First Century by Thomas Piketty, Cass Sunstein, classic study, Clayton Christensen, Colonization of Mars, commoditize, commodity super cycle, corporate governance, corporate social responsibility, creative destruction, crony capitalism, dark matter, David Graeber, David Ricardo: comparative advantage, discounted cash flows, distributed ledger, Donald Trump, Dr. Strangelove, driverless car, Elon Musk, Erik Brynjolfsson, Fairchild Semiconductor, fear of failure, financial engineering, first square of the chessboard / second half of the chessboard, Francis Fukuyama: the end of history, general purpose technology, George Gilder, global supply chain, global value chain, Google Glasses, Google X / Alphabet X, Gordon Gekko, Greenspan put, Herman Kahn, high net worth, hiring and firing, hockey-stick growth, Hyman Minsky, income inequality, income per capita, index fund, industrial robot, Internet of things, Jeff Bezos, job automation, job satisfaction, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, joint-stock company, Joseph Schumpeter, Just-in-time delivery, Kevin Kelly, knowledge economy, laissez-faire capitalism, low interest rates, Lyft, manufacturing employment, Mark Zuckerberg, market design, Martin Wolf, mass affluent, means of production, middle-income trap, Mont Pelerin Society, Network effects, new economy, offshore financial centre, pensions crisis, Peter Thiel, Potemkin village, precautionary principle, price mechanism, principal–agent problem, Productivity paradox, QWERTY keyboard, RAND corporation, Ray Kurzweil, rent-seeking, risk tolerance, risk/return, Robert Gordon, Robert Solow, Ronald Coase, Ronald Reagan, savings glut, Second Machine Age, secular stagnation, Silicon Valley, Silicon Valley startup, Skype, sovereign wealth fund, Steve Ballmer, Steve Jobs, Steve Wozniak, subprime mortgage crisis, technological determinism, technological singularity, TED Talk, telemarketer, The Chicago School, The Future of Employment, The Nature of the Firm, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, too big to fail, total factor productivity, transaction costs, transportation-network company, tulip mania, Tyler Cowen, Tyler Cowen: Great Stagnation, uber lyft, University of East Anglia, unpaid internship, Vanguard fund, vertical integration, Yogi Berra

In Johannesburg, São Paolo, New York, and other metropolitan cities in the world, the company faces similar charges. New York Mayor Bill de Blasio tried to rehash an old regulation, restricting the growth of car-riding services like Uber, Sidecar, and Lyft to 1 percent a year, seemingly copying the thinking behind the taxi regulation in New York that has capped the number of yellow cab medallions.8 In Miami, these companies are banned. There is a bigger story about regulation embedded in these examples. Anchored among incumbents’ existing structures, regulation all too often helps to saturate or cement markets.

OECD, “Taxi Services” suggests that the number of taxis in Paris actually went down between the early 1930s and the late 1960s, and that the number of taxi licenses only increased by 1,000 in the 40 years between 1967 and 2007. 3.OECD, “Taxi Services,” 110. 4.Mawad and Fouquet, “Paris Police ‘Boers’ Pursuing Uber Drivers.” 5.Drozdiak, “Uber Launches Petition over Brussels UberPop Ban.” 6.Sheftalovich, “‘Scrooge’ Brussels Mayor Dampens Uber’s Christmas Spirit.” 7.BBC, “Uber Banned in Germany.” 8.New York City capped the number of yellow cab medallions to 16,900 in 1937. Now, however, there are only about 13,500 such licenses issued. 9.Zingales, A Capitalism for the People, 4. 10.Thomas, Investment Incentives and the Global Competition for Capital. 11.Derviş, “Is Uber a Threat to Democracy?” 12.OECD, Businesses’ Views on Red Tape. 13.Olson, The Logic of Collective Action. 14.Sellar and Yeatman, 1066 and All That. 15.This anecdote is from Diamandis and Kotler, Abundance. 16.Acemoglu and Robinson, Why Nations Fail. 17.Downes, “Fewer, Faster, Smarter.” 18.Goodwin, “The History of Mobile Phones.” 19.Rogers and Ramsey, “Tesla to Stop Selling Electric Cars in New Jersey.” 20.Lepore, “How Santa Monica Will Enforce Its Airbnb Ban.” 21.Coldwell, “Airbnb’s Legal Troubles.” 22.Tabarrok, “Book Review: ‘Innovation Breakdown’.” 23.Gulfo, Innovation Breakdown. 24.Kay, “Miracles of Productivity Hidden in the Modern Home.” 25.Erixon, “EU Policies on Online Entrepreneurship.” 26.Tabarrok, “Book Review: ‘Innovation Breakdown’.” 27.CSDD, “Growing Protocol Design Complexity.” 28.Grabowski and Hansen, “Cost of Developing a New Drug.” 29.Herper, “The Truly Staggering Cost of Inventing New Drugs.” 30.Roy, “Stifling New Cures.” 31.CSDD, “Growing Protocol Design Complexity.” 32.Basu and Hassenplug, “Patient Access to Medical Devices.” 33.That figure is for 2010 when one of the authors was given a guided tour of the FedEx hub. 34.Button and Christensen, “Unleashing Innovation.” 35.Comin and Hobijn, “Technology Diffusion and Postwar Growth.” 36.Agarwal and Gort, “First-Mover Advantage.” 37.Jaffe and Trajtenberg, Patents, Citations and Innovations. 38.Mansfield, “How Rapidly Does New Industrial Technology Leak Out?”

Its opponents are calling for it to be either forced out of business or regulated to make it behave and operate just like every other taxi firm it competes with. As you might have guessed, the company in question is Uber – the San Francisco-based transport network company offering services via an app. UberPop, its peer-to-peer car-sharing service using unlicensed drivers, closed in France following the men’s arrest and all the protests against the service. Trade unions had taken strike action in protest against Uber, and some of them became violent. They burnt tires and aggressively harassed Uber drivers and their passengers. Parisian police authorities had previously tried to slow the company’s expansion by ruling that taxis could not turn up sooner than 15 minutes after the booking had been made.


pages: 292 words: 85,151

Exponential Organizations: Why New Organizations Are Ten Times Better, Faster, and Cheaper Than Yours (And What to Do About It) by Salim Ismail, Yuri van Geest

23andMe, 3D printing, Airbnb, Amazon Mechanical Turk, Amazon Web Services, anti-fragile, augmented reality, autonomous vehicles, Baxter: Rethink Robotics, behavioural economics, Ben Horowitz, bike sharing, bioinformatics, bitcoin, Black Swan, blockchain, Blue Ocean Strategy, book value, Burning Man, business intelligence, business process, call centre, chief data officer, Chris Wanstrath, circular economy, Clayton Christensen, clean water, cloud computing, cognitive bias, collaborative consumption, collaborative economy, commoditize, corporate social responsibility, cross-subsidies, crowdsourcing, cryptocurrency, dark matter, data science, Dean Kamen, deep learning, DeepMind, dematerialisation, discounted cash flows, disruptive innovation, distributed ledger, driverless car, Edward Snowden, Elon Musk, en.wikipedia.org, Ethereum, ethereum blockchain, fail fast, game design, gamification, Google Glasses, Google Hangouts, Google X / Alphabet X, gravity well, hiring and firing, holacracy, Hyperloop, industrial robot, Innovator's Dilemma, intangible asset, Internet of things, Iridium satellite, Isaac Newton, Jeff Bezos, Joi Ito, Kevin Kelly, Kickstarter, knowledge worker, Kodak vs Instagram, Law of Accelerating Returns, Lean Startup, life extension, lifelogging, loose coupling, loss aversion, low earth orbit, Lyft, Marc Andreessen, Mark Zuckerberg, market design, Max Levchin, means of production, Michael Milken, minimum viable product, natural language processing, Netflix Prize, NetJets, Network effects, new economy, Oculus Rift, offshore financial centre, PageRank, pattern recognition, Paul Graham, paypal mafia, peer-to-peer, peer-to-peer model, Peter H. Diamandis: Planetary Resources, Peter Thiel, Planet Labs, prediction markets, profit motive, publish or perish, radical decentralization, Ray Kurzweil, recommendation engine, RFID, ride hailing / ride sharing, risk tolerance, Ronald Coase, Rutger Bregman, Salesforce, Second Machine Age, self-driving car, sharing economy, Silicon Valley, skunkworks, Skype, smart contracts, Snapchat, social software, software is eating the world, SpaceShipOne, speech recognition, stealth mode startup, Stephen Hawking, Steve Jobs, Steve Jurvetson, subscription business, supply-chain management, synthetic biology, TaskRabbit, TED Talk, telepresence, telepresence robot, the long tail, Tony Hsieh, transaction costs, Travis Kalanick, Tyler Cowen, Tyler Cowen: Great Stagnation, uber lyft, urban planning, Virgin Galactic, WikiLeaks, winner-take-all economy, X Prize, Y Combinator, zero-sum game

“Unlike digital marketing, where ROI is sustained almost as soon as spending happens, communities are a long-term investment that is significantly more strategic,” says social business thought leader Dion Hinchcliffe. “Additionally, communities with CxO participation are far more likely to be best-in-class.” Create a platform to automate peer-to-peer engagement. GitHub, for example, has its members rate and review other members’ code. Airbnb hosts and users fill out evaluation forms; taxi disrupters Uber, Lyft and Sidecar encourage clients and drivers to rate one another; and the news platform Reddit invites users to vote on stories. In 2013, Reddit, which has just fifty-one employees, most of whom manage the platform, saw 731 million unique visitors cast 6.7 billion votes on 41 million stories. Talk about a platform…(More on this later.)

As with Staff on Demand, ExOs retain their flexibility precisely by not owning assets, even in strategic areas. This practice optimizes flexibility and allows the enterprise to scale incredibly quickly as it obviates the need for staff to manage those assets. Just as Waze piggybacked off its users’ smartphones, Uber, Lyft, BlaBlaCar and Sidecar leverage under-utilized cars. (If you own a car, it sits empty about 93 percent of the time.) The latest wave of non-asset businesses is something called Collaborative Consumption, a concept evangelized by Rachel Botsman and Roo Rogers in their book, What’s Mine is Yours: The Rise of Collaborative Consumption.

That’s more than the value of Hyatt Hotels, which has 45,000 employees spread across 549 properties. And while Hyatt’s business is comparatively flat, Airbnb’s number of room-nights delivered is growing exponentially. At its current pace, Airbnb will be the biggest hotelier in the world by late 2015. Similarly, Uber, the Airbnb of cars—Uber converts private automobiles into taxis—has been valued at $17 billion. Like Airbnb, Uber has no assets, no workforce (to speak of) and is also growing exponentially. If you don’t find these valuations sufficiently eye-opening, go back and read them again—this time reminding yourself that each of these Exponential Organizations is fewer than six years old.


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The Autonomous Revolution: Reclaiming the Future We’ve Sold to Machines by William Davidow, Michael Malone

2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, agricultural Revolution, Airbnb, AlphaGo, American Society of Civil Engineers: Report Card, Automated Insights, autonomous vehicles, basic income, benefit corporation, bitcoin, blockchain, blue-collar work, Bob Noyce, business process, call centre, Cambridge Analytica, cashless society, citizen journalism, Clayton Christensen, collaborative consumption, collaborative economy, collective bargaining, creative destruction, crowdsourcing, cryptocurrency, deep learning, DeepMind, disintermediation, disruptive innovation, distributed ledger, en.wikipedia.org, Erik Brynjolfsson, fake news, Filter Bubble, Ford Model T, Francis Fukuyama: the end of history, general purpose technology, Geoffrey West, Santa Fe Institute, gig economy, Gini coefficient, high-speed rail, holacracy, Hyperloop, income inequality, industrial robot, Internet of things, invention of agriculture, invention of movable type, invention of the printing press, invisible hand, Jane Jacobs, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, Joseph Schumpeter, license plate recognition, low interest rates, Lyft, Mark Zuckerberg, mass immigration, Network effects, new economy, peer-to-peer lending, QWERTY keyboard, ransomware, Richard Florida, Robert Gordon, robo advisor, Ronald Reagan, Second Machine Age, self-driving car, sharing economy, Shoshana Zuboff, Silicon Valley, Simon Kuznets, Skinner box, Snapchat, speech recognition, streetcar suburb, Stuxnet, surveillance capitalism, synthetic biology, TaskRabbit, The Death and Life of Great American Cities, The Rise and Fall of American Growth, the scientific method, trade route, Turing test, two and twenty, Uber and Lyft, uber lyft, universal basic income, uranium enrichment, urban planning, vertical integration, warehouse automation, zero day, zero-sum game, Zipcar

Suddenly the full-time jobs of 250,000 U.S. taxi and chauffeur drivers are at risk of being taken away by 400,000 mostly part-time drivers for Uber, Lyft, and other services.20 Cab companies are already having a difficult time competing. That’s not surprising: cab fares in Los Angeles are $2.70 per mile, while Uber charges about $1.00.21 The oversupply of Uber drivers drives down the price of the service and the value of the work done by drivers. There are other economic impacts as well. Some consumers are discovering that using Uber and occasionally renting a Zipcar or Car2Go is so convenient and cost-efficient that they can get rid of their own cars altogether and just ride and rent.

The sharing economy will have great impact in areas where expensive, privately owned assets are underutilized. Automobiles are one such asset. Privately owned automobiles spend as much as 95 percent of their time parked.42 That means the average car is driven approximately nine hours a week. A number of sharing services have emerged with a goal of monetizing those idle hours. Uber and Lyft are already household names. The twentieth-century relic Zipcar is now owned by Avis.43 New aspirants keep emerging. Getaround allows neighbors to rent cars from other neighbors by the hour, while a competing service, Turo, focuses on longer-term rentals.44 Turo’s website claims that owners can cover their monthly car payments by renting their cars for as few as nine days a month.

Emily Badger, “Now We Know How Many Drivers Uber Has—and Have a Better Idea of What They’re Making,” Washington Post, January 22, 2015, https://www.washingtonpost.com/news/wonk/wp/2016/01/20/now-we-know-how-many-drivers-uber-has-and-have-a-better-idea-of-what-theyre-making/?noredirect=on; and Kate Rogers, “Who’s Your Uber Driver? More of Them Are Women: Survey,” CNBC, December 8, 2015, http://www.cnbc.com/2015/12/08/whos-your-uber-driver-more-of-them-are-women-survey.html (accessed June 27, 2019). 21. Independent Cab Co., http://www.taxi4u.com/calculate.html; and Uber Los Angeles, https://www.uber.com/cities/los-angeles (accessed June 27, 2019). 22.


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The Coming of Neo-Feudalism: A Warning to the Global Middle Class by Joel Kotkin

"RICO laws" OR "Racketeer Influenced and Corrupt Organizations", "World Economic Forum" Davos, Admiral Zheng, Alvin Toffler, Andy Kessler, autonomous vehicles, basic income, Bernie Sanders, Big Tech, bread and circuses, Brexit referendum, call centre, Capital in the Twenty-First Century by Thomas Piketty, carbon credits, carbon footprint, Cass Sunstein, clean water, company town, content marketing, Cornelius Vanderbilt, creative destruction, data science, deindustrialization, demographic transition, deplatforming, don't be evil, Donald Trump, driverless car, edge city, Elon Musk, European colonialism, Evgeny Morozov, financial independence, Francis Fukuyama: the end of history, Future Shock, gentrification, gig economy, Gini coefficient, Google bus, Great Leap Forward, green new deal, guest worker program, Hans Rosling, Herbert Marcuse, housing crisis, income inequality, informal economy, Jane Jacobs, Jaron Lanier, Jeff Bezos, Jeremy Corbyn, job automation, job polarisation, job satisfaction, Joseph Schumpeter, land reform, liberal capitalism, life extension, low skilled workers, Lyft, Marc Benioff, Mark Zuckerberg, market fundamentalism, Martin Wolf, mass immigration, megacity, Michael Shellenberger, Nate Silver, new economy, New Urbanism, Northpointe / Correctional Offender Management Profiling for Alternative Sanctions, Occupy movement, Parag Khanna, Peter Thiel, plutocrats, post-industrial society, post-work, postindustrial economy, postnationalism / post nation state, precariat, profit motive, public intellectual, RAND corporation, Ray Kurzweil, rent control, Richard Florida, road to serfdom, Robert Gordon, Salesforce, Sam Altman, San Francisco homelessness, Satyajit Das, sharing economy, Sidewalk Labs, Silicon Valley, smart cities, Social Justice Warrior, Steve Jobs, Stewart Brand, superstar cities, technological determinism, Ted Nordhaus, The Death and Life of Great American Cities, The future is already here, The Future of Employment, The Rise and Fall of American Growth, Thomas L Friedman, too big to fail, trade route, Travis Kalanick, Uber and Lyft, uber lyft, universal basic income, unpaid internship, upwardly mobile, Virgin Galactic, We are the 99%, Wolfgang Streeck, women in the workforce, work culture , working-age population, Y Combinator

The instability in employment is widely seen as one reason for the country’s ultra-low birth rate.15 Many of today’s “precariat” work in the contingent “gig” economy, associated with firms such as Uber and Lyft. These companies and their progressive allies, including David Plouffe (who managed Barack Obama’s presidential campaign in 2008), like to speak of a “sharing” economy that is “democratizing capitalism” by returning control of the working day to the individual. They point to opportunities that the gig economy provides for people to make extra money using their own cars or homes. The corporate image of companies like Uber and Lyft features moonlighting drivers saving up cash for a family vacation or a fancy date while providing a convenient service for customers—the ultimate win-win.16 Yet for most gig workers there’s not very much that is democratic or satisfying in it.

CHAPTER 18 The Totalitarian Urban Future The new urban paradigm elevates efficiency and central control above privacy local autonomy class diversity and broad-based property ownership. The same oligarchs who dominate our commercial culture, seek to profit from manipulating our moods, and influence the behavior of our children want to structure our living environment as well.1 Major tech firms—Y Combinator, Lyft, Cisco, Google, Facebook—are aiming to build what they call the “smart city.” Promoted as a way to improve efficiency in urban services, these plans will also provide more opportunity for oligarchs to monitor our lives, as well as sell more advertising. The “smart city” would replace organic urban growth with a regime running on algorithms designed to rationalize our activities and control our way of life.2 This urban vision appeals to tech oligarchs’ belief that their mission is to “change the world,” not simply make money by meeting customers’ needs and desires.

Silicon Valley first grew out of the suburbs, but many tech leaders now believe that “urbanization is a moral imperative,” writes Greg Ferenstein.6 If startups in suburban garages represented the individualism of cranky inventors and entrepreneurs, the future Silicon Valley will feature densely packed apartment complexes for workers who will become ever more corporate and controlled.7 The focus on apartment living for employees makes some sense for tech companies—like Facebook, Lyft, Salesforce, Square, Twitter, Yelp, and Google—that rely on a youthful, childless workforce.8 This kind of urban experience does not spur individuals toward independent adulthood and family formation, but recreates “life as close to the college experience as possible,” as Ferenstein notes, or a kind of prolonged adolescence.9 With traditional family-friendly housing near their workplaces out of reach for all but the wealthiest people, most tech employees will live in something like dormitories, perhaps well into their thirties.


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Everything's Trash, but It's Okay by Phoebe Robinson

23andMe, Airbnb, Bernie Madoff, Bernie Sanders, Black Lives Matter, crack epidemic, Donald Trump, double helix, Downton Abbey, Elon Musk, feminist movement, Firefox, Lyft, Mahatma Gandhi, Mark Zuckerberg, microaggression, retail therapy, Rosa Parks, Silicon Valley, Silicon Valley startup, Tim Cook: Apple, uber lyft

Say it with me, y’all: Feminism! I was rooting for you; we were all rooting for you! Sadly, this is a sentiment I have expressed often over my course of being a feminist, but I probably felt it most in the days and weeks following the Trump election. I spent days after the election gathering my bearings. I would cry in Lyfts. Or get on the phone with my dad and talk to him for hours. Or do comedy shows because laughter is a great reprieve from anger. During this time, hurt, rage, restlessness, and a litany of other emotions layered on top of each like winter clothing during a ski trip, and pretty soon a call to action was formed.

But to be this sloppy makes my vajeen and I quote the great scholar of our time, music producer/American Idol judge Randy Jackson: “It’s gonna be a ‘no’ from me, dawg.” Thirdly. Sowwie not sowwie, but last I checked, my name is not “White Girl Murder Victim in the First Five Minutes of Criminal Minds,” so, no, I will not be taking a Lyft to your crib so I can be murderized. Coretta Scott King didn’t go through all she went through for me to go out like that. In my mind, she worked her tail off so I can work my way onto the Obamas’ holiday-card recipient list. In all seriousness, this is the kind of grossness hetero broads deal with no matter the dating app—Tinder, Match.com, Bumble, Raya, etc.

Anyway, one of the first results that popped up was an article by Psychology Today, so I clicked on the link and this was the opening paragraph: Workaholism is a soul-destroying addiction that changes people’s personality and the values they live by. It distorts the reality of each family member, threatens family security and often leads to family break-up. Tragically, workaholics eventually suffer the loss of personal and professional integrity. Gahtdamn, Psychology Today! This is how you open?!?! You’re at a twelve (my Lyft driver blasting Metallica at 11:45 P.M. in his compact Toyota Corolla), and I need you to be at a two (the volume my music is at when I’m at the checkout counter and have to spend five minutes correcting the cashier’s spelling of my first name). In all seriousness, while the picture that Psychology Today painted is accurate for plenty of workaholics, it wasn’t for me.


pages: 590 words: 156,001

Fodor's Oregon by Fodor's Travel Guides

Airbnb, bike sharing, BIPOC, car-free, Kickstarter, Lyft, Mason jar, messenger bag, off grid, off-the-grid, QR code, ride hailing / ride sharing, Rosa Parks, tech bro, tech worker, Uber and Lyft, uber lyft, walkable city, Wall-E, white flight, white picket fence, Works Progress Administration

It is illegal to talk or text on a cell phone while operating a motor vehicle, and doing so will net you a hefty fine. Use a wireless headset device if you need to stay connected. 6 Taxi Portland has several reliable taxi companies and is also well served by ride-share companies, such as Uber and Lyft. It can be expensive to get around town by cab, however, and you need to call for a taxi, as it’s very difficult to hail them on the street. In Portland the flag-drop rate is $3.80 and then $2.80 per mile, and Uber and Lyft trips typically cost less. Make sure to ask whether the driver takes credit cards, whether there’s a minimum fare, and whether there are charges for extra passengers. Other charges may include waiting times and airport minimums.

It’s also easily accessible from Downtown Portland, both by car and public transit. It serves as the primary gateway to the state, with connections to a handful of smaller airports, including Redmond, Coos Bay, Eugene, and Medford. GROUND TRANSPORTATION PDX is 20–40 minutes by car from Downtown Portland, and is served by taxi ($38–$60), Lyft and Uber ride-sharing app service ($30–$50), and light rail ($2.50). Consult the airport’s website for a complete list of authorized rental car operators, app-based ride-share services, and other ground transportation options. e Boat CRUISES From early April through early November, a few cruise lines offer excursions focused specifically on the Pacific Northwest, usually along the Columbia River, leaving from Portland.

You purchase your ticket before boarding at one of the vending machines in the terminal and at every MAX stop, or by downloading the TriMet Hop Fastpass app and paying with your phone; tickets are also good on TriMet buses and the Portland Streetcar, and transfers within 2½ hours of the time of purchase are free. Uber and Lyft have dedicated pickup areas at the airport; the cost for either between the airport and Downtown averages around $25 to $35 (a taxi generally runs about $10 more). CAR Although traffic has increased dramatically in recent years (Portland ranks as one of the worst cities in the country for rush-hour commuter traffic), it’s still a fairly easy city to navigate by car, and if you’re planning to explore neighboring regions—such as the coast, Willamette wine country, and Columbia Gorge—it’s best to do so by car, as public transportation options to these areas, especially the coast, are very limited.


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AI Superpowers: China, Silicon Valley, and the New World Order by Kai-Fu Lee

"World Economic Forum" Davos, AI winter, Airbnb, Albert Einstein, algorithmic bias, algorithmic trading, Alignment Problem, AlphaGo, artificial general intelligence, autonomous vehicles, barriers to entry, basic income, bike sharing, business cycle, Cambridge Analytica, cloud computing, commoditize, computer vision, corporate social responsibility, cotton gin, creative destruction, crony capitalism, data science, deep learning, DeepMind, Demis Hassabis, Deng Xiaoping, deskilling, Didi Chuxing, Donald Trump, driverless car, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, fake news, full employment, future of work, general purpose technology, Geoffrey Hinton, gig economy, Google Chrome, Hans Moravec, happiness index / gross national happiness, high-speed rail, if you build it, they will come, ImageNet competition, impact investing, income inequality, informal economy, Internet of things, invention of the telegraph, Jeff Bezos, job automation, John Markoff, Kickstarter, knowledge worker, Lean Startup, low skilled workers, Lyft, machine translation, mandatory minimum, Mark Zuckerberg, Menlo Park, minimum viable product, natural language processing, Neil Armstrong, new economy, Nick Bostrom, OpenAI, pattern recognition, pirate software, profit maximization, QR code, Ray Kurzweil, recommendation engine, ride hailing / ride sharing, risk tolerance, Robert Mercer, Rodney Brooks, Rubik’s Cube, Sam Altman, Second Machine Age, self-driving car, sentiment analysis, sharing economy, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, Skype, SoftBank, Solyndra, special economic zone, speech recognition, Stephen Hawking, Steve Jobs, strong AI, TED Talk, The Future of Employment, Travis Kalanick, Uber and Lyft, uber lyft, universal basic income, urban planning, vertical integration, Vision Fund, warehouse robotics, Y Combinator

They trace tens of millions of commutes, trips to the store, rides home, and first dates, dwarfing companies like Uber and Lyft in both quantity and granularity of data. The numbers for these categories lay bare the China-U.S. gap in these key industries. Recent estimates have Chinese companies outstripping U.S. competitors ten to one in quantity of food deliveries and fifty to one in spending on mobile payments. China’s e-commerce purchases are roughly double the U.S. totals, and the gap is only growing. Data on total trips through ride-hailing apps is somewhat scarce, but during the height of competition between Uber and Didi, self-reported numbers from the two companies had Didi’s rides in China at four times the total of Uber’s global rides.

So instead of seeking to both squash those startups and outcompete Silicon Valley, they’re throwing their lot in with the locals. RIDE-HAILING RUMBLE There are already some precedents for the Chinese approach. Ever since Didi drove Uber out of China, it has invested in and partnered with local startups fighting to do the same thing in other countries: Lyft in the United States, Ola in India, Grab in Singapore, Taxify in Estonia, and Careem in the Middle East. After investing in Brazil’s 99 Taxi in 2017, Didi outright acquired the company in early 2018. Together these startups have formed a global anti-Uber alliance, one that runs on Chinese money and benefits from Chinese know-how. After taking on Didi’s investments, some of the startups have even rebuilt their apps in Didi’s image, and others are planning to tap into Didi’s strength in AI: optimizing driver matching, automatically adjudicating rider-driver disputes, and eventually rolling out autonomous vehicles.

The O2O revolution was about bringing that same e-commerce convenience to the purchase of real-world services, things that can’t be put in a cardboard box and shipped across country, like hot food, a ride to the bar, or a new haircut. Silicon Valley gave birth to one of the first transformational O2O models: ride-sharing. Uber used cell phones and personal cars to change how people got around cities in the United States and then around the world. Chinese companies like Didi Chuxing quickly copied the business model and adapted it to local conditions, with Didi eventually driving Uber out of China and now battling it in global markets. Uber may have given an early glimpse of O2O, but it was Chinese companies that would take the core strengths of that model and apply it to transforming dozens of other industries.


Bit by Bit: How P2P Is Freeing the World by Jeffrey Tucker

Affordable Care Act / Obamacare, Airbnb, airport security, altcoin, anti-fragile, bank run, bitcoin, blockchain, business cycle, crowdsourcing, cryptocurrency, disintermediation, distributed ledger, Dogecoin, driverless car, Fractional reserve banking, George Gilder, Google Hangouts, informal economy, invisible hand, Kickstarter, litecoin, Lyft, Money creation, obamacare, Occupy movement, peer-to-peer, peer-to-peer lending, public intellectual, QR code, radical decentralization, ride hailing / ride sharing, Ross Ulbricht, Satoshi Nakamoto, sharing economy, Silicon Valley, Skype, systems thinking, tacit knowledge, TaskRabbit, the payments system, uber lyft

The smartphone, the distributed network, open-source technology, the app economy, the global spread of the Internet, the invention of value-carrying peer-to-peer transmission services, the mobilization and personalization of the online experience—all of 5 these trends and technologies have been invented, gradually emerged, or matured in the last ten years. Right now, we can experience a form of commercial relationship that was unknown just a decade ago. If you need a ride in a major city, you can pull up the smartphone app for Uber or Lyft and have a car arrive in minutes. It’s amazing to users because they get their first taste of what consumer service in taxis really feels like. It’s luxury at a reasonable price. If your sink is leaking, you can click TaskRabbit. If you need a place to stay, you can count on Airbnb. In Manhattan, you can depend on WunWun to deliver just about anything to your door, from toothpaste to a new desktop computer.

The opponents of markets just can’t reconcile themselves to embracing the very thing they have supposedly advocated for generations: popular empowerment. Who could possibly be against such innovations? The answer is rather obvious: entrenched economic interests who stand to lose their old-world, government-regulated, and governmentprotected monopolies. Municipal taxi services, for example, feel deeply threatened by services such as Uber, Lyft, and Sidecar, which allow anyone to become a transportation service provider. The established monopolies are lobbying governments to crack down and are experiencing some modicum of success. San Francisco’s district attorney has sent threatening letters to companies that have vastly improved transportation, warning that they must make major changes in their business models.

And given its popularity, it seems to speak for a sector of opinion that is intractably opposed to all forms of market action. So what does this publication say about the sharing economy? “Uber is part of a new wave of corporations that make up what’s called the ‘sharing economy,’” writes Avi Asher-Schapiro in the strangely titled article “Against Sharing.” “The premise is seductive in its simplicity: people have skills, and customers want services. Silicon Valley plays matchmaker, churning out apps that pair workers with work. Now, anyone can rent out an apartment with Airbnb, become a cabbie through Uber, or clean houses using Homejoy.” So far, so good. But then the writer dives deep into the ideological thicket: “under the guise of innovation and progress, companies are stripping away worker protections, pushing down wages, and flouting government regulations.”


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Streetfight: Handbook for an Urban Revolution by Janette Sadik-Khan

autonomous vehicles, bike sharing, Boris Johnson, business cycle, call centre, car-free, carbon footprint, clean water, congestion charging, congestion pricing, Cornelius Vanderbilt, crowdsourcing, digital map, Donald Shoup, edge city, Edward Glaeser, en.wikipedia.org, Enrique Peñalosa, fixed-gear, gentrification, high-speed rail, Hyperloop, Induced demand, Jane Jacobs, Lewis Mumford, Loma Prieta earthquake, Lyft, megaproject, New Urbanism, off-the-grid, place-making, self-driving car, sharing economy, the built environment, The Death and Life of Great American Cities, the High Line, transportation-network company, Uber and Lyft, uber lyft, urban decay, urban planning, urban renewal, urban sprawl, walkable city, white flight, Works Progress Administration, Zipcar

If this book does nothing else but remind planners to follow the people, then they should also be able to see how new technologies are driving a new, shared economy in transportation that holds the key to creating safer, more accessible, and softer streets. With a couple of clicks we can get a ride with Uber or Lyft, grab a shared bike or car, or navigate a city we’ve never been in before. New smartphone apps are making it possible to avoid traffic jams, locate bus and subway services, and walk to points of interest. These software bits are much less expensive than the atoms of hard infrastructure and are dramatically increasing the rate of innovation on our streets, giving way to a bigger vision with mobility on demand and changing the way we travel in our cities.

This wave of change has landed on our streets, and these changes will advance how we get around cities and use our streets. A smartphone can eliminate the anxiety of getting around, whether you’re in Boston, Bangalore, or Buenos Aires. But these new apps also pose big questions. While new transportation services like Uber and Lyft (called transportation network companies or TNCs in transport-speak), or shared-vehicle services like Car2Go, Zipcar, and Bridj, are using technology to dramatically lower the operating and entry costs for taxi and car services, they raise questions about social equity, safety, and the true costs of these popular services.

If all channels of public transportation—buses, trains, taxis, car pools, and car share—are integrated, citizens could pick a bundled package of these services, starting with, say, a €95 ($106) monthly transportation subscription for unlimited public transport in the city and also up to 100 kilometers (62 miles) of on-demand car services such as Uber or Hailo or Lyft. If subscribers need to visit relatives in the country or go camping for the weekend, they are entitled to up to 500 kilometers (310 miles) of shared-car use. If subscribers stay within these usage levels, they pay only that flat fee. More expensive options would let users get door-to-door shared taxi service plus public transport plus domestic transportation anywhere in the country via public transportation.


pages: 309 words: 81,975

Brave New Work: Are You Ready to Reinvent Your Organization? by Aaron Dignan

"Friedman doctrine" OR "shareholder theory", Abraham Maslow, activist fund / activist shareholder / activist investor, adjacent possible, Airbnb, Albert Einstein, autonomous vehicles, basic income, benefit corporation, Bertrand Russell: In Praise of Idleness, bitcoin, Black Lives Matter, Black Swan, blockchain, Buckminster Fuller, Burning Man, butterfly effect, cashless society, Clayton Christensen, clean water, cognitive bias, cognitive dissonance, content marketing, corporate governance, corporate social responsibility, correlation does not imply causation, creative destruction, crony capitalism, crowdsourcing, cryptocurrency, David Heinemeier Hansson, deliberate practice, DevOps, disruptive innovation, don't be evil, Elon Musk, endowment effect, Ethereum, ethereum blockchain, financial engineering, Frederick Winslow Taylor, fulfillment center, future of work, gender pay gap, Geoffrey West, Santa Fe Institute, gig economy, Goodhart's law, Google X / Alphabet X, hiring and firing, hive mind, holacracy, impact investing, income inequality, information asymmetry, Internet of things, Jeff Bezos, job satisfaction, Kanban, Kevin Kelly, Kickstarter, Lean Startup, loose coupling, loss aversion, Lyft, Marc Andreessen, Mark Zuckerberg, minimum viable product, mirror neurons, new economy, Paul Graham, Quicken Loans, race to the bottom, reality distortion field, remote working, Richard Thaler, Rochdale Principles, Salesforce, scientific management, shareholder value, side hustle, Silicon Valley, single source of truth, six sigma, smart contracts, Social Responsibility of Business Is to Increase Its Profits, software is eating the world, source of truth, Stanford marshmallow experiment, Steve Jobs, subprime mortgage crisis, systems thinking, TaskRabbit, TED Talk, The future is already here, the High Line, too big to fail, Toyota Production System, Tragedy of the Commons, uber lyft, universal basic income, WeWork, Y Combinator, zero-sum game

But beyond that, the benefits in financial acumen, stewardship, and collective responsibility that this approach produces are unparalleled. Gig Economy. The platforms behind the gig economy like to talk about their movement as the savior of the American worker, empowering otherwise underemployed individuals to be their own bosses and live the entrepreneurial dream. After all, the drivers and laborers who make Uber, Lyft, Grubhub, DoorDash, Postmates, Fiverr, and TaskRabbit work can choose when and where they work with unprecedented control. Realistically, though, many of the workers in the gig economy need money. That’s why they’re side hustling. They’re underemployed or unemployed, and the minimal extra income they earn from these services—85 percent make less than $500 a month—is helping them make ends meet.

But there’s something more troubling about the fact that one in four Americans is now participating in the gig economy. By turning work into a series of app-mediated transactions, we’re actually narrowing the scope of their participation to something closer to the opposite of entrepreneurialism. When you work at Lyft full time, you’re (hopefully) looking for ways to grow and serve Lyft all the time. If you see something worth doing, you might just do it. But when you drive for Lyft as a gig, your relationship is read-only. You transact, but you do not serve the bigger picture. Why would you? And that’s the problem. If we move toward an economy where everyone is paid “by the drink,” we run the risk of eliminating good corporate citizenship.

Evolutionary Organizations AES Askinosie Chocolate Automattic Basecamp Black Lives Matter Blinkist Bridgewater Buffer Burning Man Buurtzorg BvdV charity: water Crisp David Allen Company dm-drogerie markt elbdudler Endenburg Elektrotechniek Enspiral Equinor Evangelical School Berlin Centre Everlane FAVI Gini GitLab Gumroad Haier Handelsbanken Haufe-umantis Heiligenfeld Hengeler Mueller Herman Miller HolacracyOne Ian Martin Group / Fitzii Incentro John Lewis Joint Special Operations Command Kickstarter Lumiar Schools Medium Menlo Innovations Mondragon Morning Star Nearsoft Netflix Nucor Orpheus Chamber Orchestra Patagonia Phelps Agency Pixar Premium-Cola Promon Group Red Hat School in the Cloud Schuberg Philis Semco Group Spotify stok Sun Hydraulics Treehouse USS Santa Fe Valve Whole Foods W. L. Gore WP Haton Zalando Technology Zappos Zingerman’s Sources of Inspiration Airbnb Amazon Chipotle Chobani Danone North America Etsy Facebook GitHub Google Johnsonville Lyft Quicken Loans Slack Southwest Airlines Stack Overflow Toyota Warby Parker WeWork Wikimedia Zapier USING THE OS CANVAS The canvas can provoke incredible conversations and powerful stories. It can help you and your team identify what to amplify and what to change.


pages: 667 words: 149,811

Economic Dignity by Gene Sperling

active measures, Affordable Care Act / Obamacare, antiwork, autism spectrum disorder, autonomous vehicles, basic income, behavioural economics, benefit corporation, Bernie Sanders, Big Tech, Cass Sunstein, collective bargaining, company town, corporate governance, cotton gin, David Brooks, desegregation, Detroit bankruptcy, disinformation, Donald Trump, Double Irish / Dutch Sandwich, driverless car, Elon Musk, employer provided health coverage, Erik Brynjolfsson, Ferguson, Missouri, fulfillment center, full employment, gender pay gap, ghettoisation, gig economy, Gini coefficient, green new deal, guest worker program, Gunnar Myrdal, housing crisis, Ida Tarbell, income inequality, independent contractor, invisible hand, job automation, job satisfaction, labor-force participation, late fees, liberal world order, longitudinal study, low skilled workers, Lyft, Mark Zuckerberg, market fundamentalism, mass incarceration, mental accounting, meta-analysis, minimum wage unemployment, obamacare, offshore financial centre, open immigration, payday loans, Phillips curve, price discrimination, profit motive, race to the bottom, RAND corporation, randomized controlled trial, Richard Thaler, ride hailing / ride sharing, Ronald Reagan, Rosa Parks, Second Machine Age, secular stagnation, shareholder value, Sheryl Sandberg, Silicon Valley, single-payer health, speech recognition, stock buybacks, subprime mortgage crisis, tech worker, TED Talk, The Chicago School, The Future of Employment, The Wealth of Nations by Adam Smith, Toyota Production System, traffic fines, Triangle Shirtwaist Factory, Uber and Lyft, uber lyft, union organizing, universal basic income, W. E. B. Du Bois, War on Poverty, warehouse robotics, working poor, young professional, zero-sum game

As UberX was launching in 2012, of the nearly two million in-home workers like housekeepers, childcare workers, and direct-care aides—overwhelmingly women and a majority people of color—only 12 percent received health insurance from their job, and only 7 percent received a pension plan.14 According to a survey by the National Domestic Workers Alliance, fewer than 2 percent of domestic workers in 2011 received retirement or pension benefits from their primary employer, and only 4 percent received employer-provided health insurance; 65 percent of domestic workers did not have any health insurance.15 Even today, few realize that before the ride-sharing revolution, the taxi drivers that people used for generations rarely had health-care coverage or qualified for unemployment insurance or any help during downturns and recessions.16 For example, a 2007 study of New York City cabdrivers found they were generally classified as independent contractors—just as Uber and Lyft drivers are now—and did not qualify for overtime pay despite typically working more than seventy hours a week. A large majority lacked health insurance, despite substantial risk of on-the-job injuries.17 These facts may not have been easily captured in traditional job growth statistics or GDP measurements, but they mattered to people’s lives.

Not only was she denied maternity leave, but the next day she was fired, and because she was not an employee, she did not have access to unemployment insurance.8 With so much riding on whether you receive a W-2 or a 1099, unions and worker advocates are correct to make the fight over misclassification a top-tier economic battle and insist that millions of gig workers—including most Uber and Lyft drivers—should be classified as employees, as they successfully did in a hard-fought 2019 legislative battle in California.9 This is the right fight under our current structure. Too many workers today get the worst of all worlds. They have neither the true autonomy and flexibility of being their own boss nor the economic benefits and security of being a W-2 employee where at a minimum their employer pays its half of Social Security and Medicare payroll taxes and ensures they are part of the unemployment insurance system.

INDEPENDENT CONTRACTORS In 1914, the Lehigh Valley Coal Company claimed that it was “not in the business of coal mining at all” but merely gave miners access to its mines and then bought coal from those miners. Lehigh argued that these miners were not employees and accordingly were not covered by the workers’ compensation statute at issue. Judge Learned Hand rejected this argument as “absurd,” since these miners “carr[y] on the company’s only business” of owning mines and selling coal.49 Lyft, Uber, and FedEx drivers likely would use Hand’s “absurd” language to describe the denial of their status as “employees.” In our modern economy, gig workers and independent contractors are a large and growing group. However, many have not been able to achieve economic security. In response, workers have organized strikes and protests overcoming challenges inherent in organizing these groups.


pages: 165 words: 50,798

Intertwingled: Information Changes Everything by Peter Morville

A Pattern Language, Airbnb, Albert Einstein, Arthur Eddington, augmented reality, Bernie Madoff, bike sharing, Black Swan, business process, Cass Sunstein, cognitive dissonance, collective bargaining, Computer Lib, disinformation, disruptive innovation, folksonomy, holacracy, index card, information retrieval, Internet of things, Isaac Newton, iterative process, Jane Jacobs, Jeff Hawkins, John Markoff, Kanban, Lean Startup, Lyft, messenger bag, minimum viable product, Mother of all demos, Nelson Mandela, Paul Graham, peer-to-peer, Project Xanadu, quantum entanglement, RFID, Richard Thaler, ride hailing / ride sharing, Schrödinger's Cat, self-driving car, semantic web, sharing economy, Silicon Valley, Silicon Valley startup, single source of truth, source of truth, Steve Jobs, Stewart Brand, systems thinking, Ted Nelson, the Cathedral and the Bazaar, The Death and Life of Great American Cities, the scientific method, The Wisdom of Crowds, theory of mind, uber lyft, urban planning, urban sprawl, Vannevar Bush, vertical integration, zero-sum game

Despite these challenges, Uber has built a platform that integrates mobile phones, social networks, and GPS to disrupt the business of transport. Their success is evident in the backlash from rage over “surge pricing” to lawsuits and fines in cities around the world. Interestingly, their defense is all about categorization. Uber insists they are not a taxi company nor a limo service. They simply match drivers and passengers. So they aren’t subject to established regulations, licensing, or insurance requirements. Uber isn’t alone in this argument. They have competition. For instance, there’s Lyft, a peer-to-peer rideshare whose drivers don’t charge “fares” but receive “donations” from passengers who are encouraged to sit in the front seat and give the driver a fistbump.

For instance, there’s Lyft, a peer-to-peer rideshare whose drivers don’t charge “fares” but receive “donations” from passengers who are encouraged to sit in the front seat and give the driver a fistbump. Their tagline is “your friend with a car.” Do we need any more evidence that a Lyft is not a taxi? Meanwhile, taxis aren’t standing still. They’re adopting e-hail apps that enable passengers to book regular taxis with their mobile device. In short, from lawsuits to competition, Uber has plenty of problems. This is to be expected. Disruptive innovation inevitably provokes a response. Or, in the words of John Gall, “the system always kicks back.” In Systemantics, a witty, irreverent book published in 1975, Gall uses the example of garbage collection to explain that when we create a system to accomplish a goal, a new entity comes into being: the system itself.

This bigotry is nearly invisible in the world of yellow cabs, but it would be hard to hide in Uber. They’ve built a new “architecture of trust” that re-frames the rules and relationships between passengers and drivers. The design of these information systems is tricky. Before pickup, Uber drivers and passengers see each other’s ratings and may decline a ride based on the number of stars. After a ride, drivers see the rating they’re given but not the review. Passengers see neither. Drivers are told by Uber not to solicit 5-star ratings, nor confront passengers about low ratings, but both do occur.


pages: 499 words: 144,278

Coders: The Making of a New Tribe and the Remaking of the World by Clive Thompson

"Margaret Hamilton" Apollo, "Susan Fowler" uber, 2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, 4chan, 8-hour work day, Aaron Swartz, Ada Lovelace, AI winter, air gap, Airbnb, algorithmic bias, AlphaGo, Amazon Web Services, Andy Rubin, Asperger Syndrome, augmented reality, Ayatollah Khomeini, backpropagation, barriers to entry, basic income, behavioural economics, Bernie Sanders, Big Tech, bitcoin, Bletchley Park, blockchain, blue-collar work, Brewster Kahle, Brian Krebs, Broken windows theory, call centre, Cambridge Analytica, cellular automata, Charles Babbage, Chelsea Manning, Citizen Lab, clean water, cloud computing, cognitive dissonance, computer vision, Conway's Game of Life, crisis actor, crowdsourcing, cryptocurrency, Danny Hillis, data science, David Heinemeier Hansson, deep learning, DeepMind, Demis Hassabis, disinformation, don't be evil, don't repeat yourself, Donald Trump, driverless car, dumpster diving, Edward Snowden, Elon Musk, Erik Brynjolfsson, Ernest Rutherford, Ethereum, ethereum blockchain, fake news, false flag, Firefox, Frederick Winslow Taylor, Free Software Foundation, Gabriella Coleman, game design, Geoffrey Hinton, glass ceiling, Golden Gate Park, Google Hangouts, Google X / Alphabet X, Grace Hopper, growth hacking, Guido van Rossum, Hacker Ethic, hockey-stick growth, HyperCard, Ian Bogost, illegal immigration, ImageNet competition, information security, Internet Archive, Internet of things, Jane Jacobs, John Markoff, Jony Ive, Julian Assange, Ken Thompson, Kickstarter, Larry Wall, lone genius, Lyft, Marc Andreessen, Mark Shuttleworth, Mark Zuckerberg, Max Levchin, Menlo Park, meritocracy, microdosing, microservices, Minecraft, move 37, move fast and break things, Nate Silver, Network effects, neurotypical, Nicholas Carr, Nick Bostrom, no silver bullet, Northpointe / Correctional Offender Management Profiling for Alternative Sanctions, Oculus Rift, off-the-grid, OpenAI, operational security, opioid epidemic / opioid crisis, PageRank, PalmPilot, paperclip maximiser, pattern recognition, Paul Graham, paypal mafia, Peter Thiel, pink-collar, planetary scale, profit motive, ransomware, recommendation engine, Richard Stallman, ride hailing / ride sharing, Rubik’s Cube, Ruby on Rails, Sam Altman, Satoshi Nakamoto, Saturday Night Live, scientific management, self-driving car, side project, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, single-payer health, Skype, smart contracts, Snapchat, social software, software is eating the world, sorting algorithm, South of Market, San Francisco, speech recognition, Steve Wozniak, Steven Levy, systems thinking, TaskRabbit, tech worker, techlash, TED Talk, the High Line, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, universal basic income, urban planning, Wall-E, Watson beat the top human players on Jeopardy!, WeWork, WikiLeaks, women in the workforce, Y Combinator, Zimmermann PGP, éminence grise

(In New York City alone, in 2018 there were only 13,578 traditional taxis, but the number of ride-hail drives had exploded to 80,000.) Certainly, drivers who were only doing it for spare money were thrilled to have a way to quickly pick up some extra pocket money; Uber and Lyft made it possible to do driving as piecework. But it was bad news for anyone looking to drive as a reliably steady gig, a job that historically has been one of the easier-to-acquire forms of work for immigrants in big cities. “What Uber and Lyft have done is come into the industry and wreck it,” as the Nigerian cabdriver Nnamdi Uwazie told NBC. By 2017, several cabdrivers had committed suicide and blamed the ride-hail firms for destabilizing their work so massively that it wasn’t possible to rely on driving for a predictable income.

“one very, very strange year”: Susan Fowler, “Reflecting on One Very, Very Strange Year at Uber,” SusanJFowler.com, February 19, 2017, accessed August 19, 2018, https://www.susanjfowler.com/blog/2017/2/19/reflecting-on-one-very-strange-year-at-uber. stalk their ex-girlfriends: Will Evans, “Uber Said It Protects You from Spying. Security Sources Say Otherwise,” Reveal News, December 12, 2016, accessed August 19, 2018, https://www.revealnews.org/article/uber-said-it-protects-you-from-spying-security-sources-say-otherwise. after a female journalist: Sarah Lacy, “Uber Executive Said the Company Would Spend ‘A Million Dollars’ to Shut Me Up,” Time, November 14, 2017, accessed August 19, 2018, http://time.com/5023287/uber-threatened-journalist-sarah-lacy.

after a female journalist: Sarah Lacy, “Uber Executive Said the Company Would Spend ‘A Million Dollars’ to Shut Me Up,” Time, November 14, 2017, accessed August 19, 2018, http://time.com/5023287/uber-threatened-journalist-sarah-lacy. he calls it “Boob-er”: Mickey Rapkin, “Uber Cab Confessions,” GQ, February 27, 2014, accessed August 19, 2018, www.gq.com/story/uber-cab-confessions. had been forced out: Mike Isaac, “Uber Founder Travis Kalanick Resigns as C.E.O.,” New York Times, June 21, 2017, accessed August 19, 2018, https://www.nytimes.com/2017/06/21/technology/uber-ceo-travis-kalanick.html. Chris Sacca and Justin Caldbeck: Sage Lazzaro, “6 Women Accuse Prominent Tech VC Justin Caldbeck of Sexual Assault and Harassment,” Observer, June 23, 2017, accessed August 19, 2018, http://observer.com/2017/06/justin-caldbeck-binary-capital-sexual-assault-harssment; Becky Peterson, “ ‘Shark Tank’ Judge Chris Sacca Apologizes for Helping Make Tech Hostile to Women—after Being Accused of Inappropriately Touching a Female Investor,” Business Insider, June 30, 2017, accessed August 19, 2018, https://www.businessinsider.com/chris-sacca-apologizes-after-accusation-of-inappropriate-touching-2017-6; “Dave McClure Quits 500 Startups over Sexual Harassment Scandal,” Reuters, July 4, 2017, accessed August 19, 2018, http://fortune.com/2017/07/03/dave-mcclure-500-startups-quits; Maya Kosoff, “Silicon Valley’s Sexual-harassment Crisis Keeps Getting Worse,” Vanity Fair, September 12, 2017, accessed August 19, 2018, https://www.vanityfair.com/news/2017/09/silicon-valleys-sexual-harassment-crisis-keeps-getting-worse.


pages: 385 words: 111,113

Augmented: Life in the Smart Lane by Brett King

23andMe, 3D printing, additive manufacturing, Affordable Care Act / Obamacare, agricultural Revolution, Airbnb, Albert Einstein, Amazon Web Services, Any sufficiently advanced technology is indistinguishable from magic, Apollo 11, Apollo Guidance Computer, Apple II, artificial general intelligence, asset allocation, augmented reality, autonomous vehicles, barriers to entry, bitcoin, Bletchley Park, blockchain, Boston Dynamics, business intelligence, business process, call centre, chief data officer, Chris Urmson, Clayton Christensen, clean water, Computing Machinery and Intelligence, congestion charging, CRISPR, crowdsourcing, cryptocurrency, data science, deep learning, DeepMind, deskilling, different worldview, disruptive innovation, distributed generation, distributed ledger, double helix, drone strike, electricity market, Elon Musk, Erik Brynjolfsson, Fellow of the Royal Society, fiat currency, financial exclusion, Flash crash, Flynn Effect, Ford Model T, future of work, gamification, Geoffrey Hinton, gig economy, gigafactory, Google Glasses, Google X / Alphabet X, Hans Lippershey, high-speed rail, Hyperloop, income inequality, industrial robot, information asymmetry, Internet of things, invention of movable type, invention of the printing press, invention of the telephone, invention of the wheel, James Dyson, Jeff Bezos, job automation, job-hopping, John Markoff, John von Neumann, Kevin Kelly, Kickstarter, Kim Stanley Robinson, Kiva Systems, Kodak vs Instagram, Leonard Kleinrock, lifelogging, low earth orbit, low skilled workers, Lyft, M-Pesa, Mark Zuckerberg, Marshall McLuhan, megacity, Metcalfe’s law, Minecraft, mobile money, money market fund, more computing power than Apollo, Neal Stephenson, Neil Armstrong, Network effects, new economy, Nick Bostrom, obamacare, Occupy movement, Oculus Rift, off grid, off-the-grid, packet switching, pattern recognition, peer-to-peer, Ray Kurzweil, retail therapy, RFID, ride hailing / ride sharing, Robert Metcalfe, Salesforce, Satoshi Nakamoto, Second Machine Age, selective serotonin reuptake inhibitor (SSRI), self-driving car, sharing economy, Shoshana Zuboff, Silicon Valley, Silicon Valley startup, Skype, smart cities, smart grid, smart transportation, Snapchat, Snow Crash, social graph, software as a service, speech recognition, statistical model, stem cell, Stephen Hawking, Steve Jobs, Steve Wozniak, strong AI, synthetic biology, systems thinking, TaskRabbit, technological singularity, TED Talk, telemarketer, telepresence, telepresence robot, Tesla Model S, The future is already here, The Future of Employment, Tim Cook: Apple, trade route, Travis Kalanick, TSMC, Turing complete, Turing test, Twitter Arab Spring, uber lyft, undersea cable, urban sprawl, V2 rocket, warehouse automation, warehouse robotics, Watson beat the top human players on Jeopardy!, white picket fence, WikiLeaks, yottabyte

Millennials will be the first modern generation to work in multiple “micro-careers” at the same time, leaving the traditional full-time job or working week behind. “Work” is more likely to behave like a marketplace in the cloud than behind a desk at a traditional corporation. While a central skill set or career anchor will be entirely probable, most will be entrepreneurs, and many will have their side gigs. For instance, Uber, Lyft and Sidecar are platforms that give people a way to leverage their cars and time to make money. TaskRabbit is a market for odd jobs. Airbnb lets you rent out any extra rooms in your home. Etsy is a market for the handmade knick-knacks or 3D print designs that you make at home. DesignCrowd, 99designs and CrowdSPRING all offer freelance design resources that bid logos and other designs for your dollars.

Many thousands of different jobs, entrepreneurial start-ups or self-employment opportunities, with hundreds of different options of profession. A citizen can choose from dozens of jobs, and change careers or professions. 8. The ability to walk, bike, taxi or take public transportation to work or play, without having to own a vehicle or needing to have a driver’s licence. People in most cities are now able to call an Uber or Lyft via a smartphone. 9. The ability for quick access to an airport that enables travel to anywhere on earth within a day, and to many destinations within a few hours. 10. The ability to take advantage of the economies of scale that a city offers, to reduce the total costs of energy, transportation, fresh food, equipment and services, with options such as buying in bulk, taking advantage of competition in the same market and making use of shared-economy apps that allow joint ownership or shared use. 11.

Most importantly, we are able to rate the quality of the experience, affording Uber the opportunity to improve the overall service and weed out substandard drivers or vehicles. A recent Quartz article1 identified that up to 30 per cent of Uber drivers in the United States have never had a bank account—many operated previously as taxi drivers in the cash economy. To be a driver on Uber, however, drivers need a minimum of a debit card to get paid. So Uber has had to solve this problem by allowing drivers to sign up for a bank account as part of the Uber driver application process, in real time. Unsurprisingly, this makes Uber the largest acquirer of small business bank accounts in the United States today, bigger than Wells Fargo, BofA and Chase combined.


pages: 655 words: 156,367

The Rise and Fall of the Neoliberal Order: America and the World in the Free Market Era by Gary Gerstle

2021 United States Capitol attack, A Declaration of the Independence of Cyberspace, affirmative action, Affordable Care Act / Obamacare, air traffic controllers' union, Airbnb, Alan Greenspan, Alvin Toffler, anti-communist, AOL-Time Warner, Bear Stearns, behavioural economics, Bernie Sanders, Big Tech, Black Lives Matter, blue-collar work, borderless world, Boris Johnson, Brexit referendum, British Empire, Broken windows theory, business cycle, Capital in the Twenty-First Century by Thomas Piketty, Cass Sunstein, collective bargaining, Cornelius Vanderbilt, coronavirus, COVID-19, creative destruction, crony capitalism, cuban missile crisis, David Brooks, David Graeber, death from overwork, defund the police, deindustrialization, democratizing finance, Deng Xiaoping, desegregation, Dissolution of the Soviet Union, Donald Trump, Electric Kool-Aid Acid Test, European colonialism, Ferguson, Missouri, financial deregulation, financial engineering, Francis Fukuyama: the end of history, Frederick Winslow Taylor, full employment, future of work, Future Shock, George Floyd, George Gilder, gig economy, Glass-Steagall Act, global supply chain, green new deal, Greenspan put, guns versus butter model, Haight Ashbury, Henry Ford's grandson gave labor union leader Walter Reuther a tour of the company’s new, automated factory…, Ida Tarbell, immigration reform, informal economy, invention of the printing press, invisible hand, It's morning again in America, Jeff Bezos, John Perry Barlow, Kevin Kelly, Kitchen Debate, low interest rates, Lyft, manufacturing employment, market fundamentalism, Martin Wolf, mass incarceration, Menlo Park, microaggression, Mikhail Gorbachev, military-industrial complex, millennium bug, Modern Monetary Theory, money market fund, Mont Pelerin Society, mortgage debt, mutually assured destruction, Naomi Klein, neoliberal agenda, new economy, New Journalism, Northern Rock, obamacare, Occupy movement, oil shock, open borders, Peter Thiel, Philip Mirowski, Powell Memorandum, precariat, price stability, public intellectual, Ralph Nader, Robert Bork, Ronald Reagan, scientific management, Seymour Hersh, sharing economy, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, social distancing, Steve Bannon, Steve Jobs, Stewart Brand, Strategic Defense Initiative, super pumped, technoutopianism, Telecommunications Act of 1996, The Bell Curve by Richard Herrnstein and Charles Murray, The Chicago School, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, Thomas L Friedman, too big to fail, Uber and Lyft, uber lyft, union organizing, urban decay, urban renewal, War on Poverty, Washington Consensus, We are all Keynesians now, We are the 99%, white flight, Whole Earth Catalog, WikiLeaks, women in the workforce, Works Progress Administration, Y2K, Yom Kippur War

Tammy Kim, “The Gig Economy Is Coming for Your Job,” New York Times, January 10, 2020, https://www.nytimes.com/2020/01/10/opinion/sunday/gig-economy-unemployment-automation.html, accessed September 8, 2021; Aarian Marshall, “With $200 Million, Uber and Lyft Write Their Own Labor Law,” Wired, April 11, 2020, https://www.wired.com/story/200-million-uber-lyft-write-own-labor-law/, accessed September 8, 2021. For the origins of Uber and Airbnb specifically, see Brad Stone, The Upstarts: Uber, Airbnb and the Battle for the New Silicon Valley (London: Corgi, 2018); Leigh Gallagher, The Airbnb Story: How to Disrupt an Industry, Make Billions of Dollars . . . and Plenty of Enemies (London: Virgin Books, 2018); Mike Isaac, Super Pumped: The Battle for Uber (New York: W. W. Norton, 2019). 23.The classic historical work on casual labor markets is Gareth Stedman Jones, Outcast London: A Study in the Relationship Between Classes in Victorian Society (1971; London: Verso, 2013).

Cultivating “entrepreneurs” of the self has long been a cardinal feature of the neoliberal order, and it shows no sign of waning. This principle has manifested itself in Silicon Valley entrepreneurs and Wall Street hedge fund managers fashioning themselves into “masters of the universe”; in hundreds of thousands of automobile owners responding to Uber’s and Lyft’s invitation to become “entrepreneurs” in their own right by gaining the “freedom to choose” when and for how long they would drive their private cars as taxis; in “analytics” movements in baseball and other sports seeking to sculpt athletes’ performance through a far more systematic study of human inputs and outputs than had ever been attempted before; and in the obsession of millions of individuals with constantly measuring steps walked, miles run, calories consumed, and energy expended.

., 52–53 Kingsley, Michael, 180–81 Kissinger, Henry, 198 Kitchen Debate, 44–45 Kitman, Marvin, 168–69 Klein, Naomi, 201, 254–55 Koch, Charles, 109, 114, 240–41, 250–51, 270 Koch, Fred, 109, 114, 240–41, 250–51, 270 Koch Industries, 114 Koestler, Arthur, 35–36 Kohl, Helmut, 177–78 Korean War, 37 Kristol, Irving, 2, 132–34 Krugman, Paul, 25 labor law, 45, 68, 110 labor unions, 26–27, 33, 37, 81–82, 109–10, 112, 135, 174–75, 179, 211, 235. see also organized labor and trade unions laissez-faire politics, 21, 23, 38–39, 82–83 Lasn, Kalle, 251–52 Latin America, 9–10, 29, 259 Lazarsfeld, Paul, 41 Left and Right: A Journal of Libertarian Thought, 102–3 Left revival, 251–55, 260–65, 278–79 Lehman Brothers, 218–20 Lekachman, Robert, 135–37 Lenin, Vladimir, 30–31 Levin, Gerald (Gerry), 169, 171 Lewinsky, Monica, 186–87 liberal democracy, 147–48, 277 Liberal Party (Britain), 78, 80–81 Liberalism (Hobhouse), 80–81 Limbaugh, Rush, 127–28 Lippmann, Walter, 77–78, 80, 85–89, 185 Little Rock (Arkansas) School Crisis, 50–51 Locked in the Cabinet (Reich), 179 The Lonely Crowd (Reisman), 95–96 Lonely Planet Guide Book, 202 Lyft, 292–93 MacDonald, Laquan, 262–63 Make American Great Again (MAGA), 248–49, 288–89, 290 Manchin, Joe, 287–88 Manhattan Institute, 109 Mao Tse-tung, 37 March on Washington (1963), 50–51 market freedom, 8, 13, 76–77, 107–8, 125, 132, 155, 160, 161, 177, 186, 207 market libertarianism, 162–63 Marshall, George, 36–37 Marshall Plan, 28, 36–37 Martin, Trayvon, 262–63 Marx, Karl, 167–68 mass incarceration, 8, 130–32, 184, 185–86, 235–37, 264, 290 McCain, John, 222 McCarthy, Joseph, 37 McConnell, Mitch, 270–71 McGovern, George, 154–55 McKinley, William, 82–83 McMahon, Vince, 247 media industry consolidation, 172 Meese, Edwin, 123–24 Merrill Lynch, 218–19 Microsoft, 279 Migue, Jean-Luc, 91–92 Mill, John Stuart, 78 Mills, C.


pages: 271 words: 52,814

Blockchain: Blueprint for a New Economy by Melanie Swan

23andMe, Airbnb, altcoin, Amazon Web Services, asset allocation, banking crisis, basic income, bioinformatics, bitcoin, blockchain, capital controls, cellular automata, central bank independence, clean water, cloud computing, collaborative editing, Conway's Game of Life, crowdsourcing, cryptocurrency, data science, digital divide, disintermediation, Dogecoin, Edward Snowden, en.wikipedia.org, Ethereum, ethereum blockchain, fault tolerance, fiat currency, financial innovation, Firefox, friendly AI, Hernando de Soto, information security, intangible asset, Internet Archive, Internet of things, Khan Academy, Kickstarter, Large Hadron Collider, lifelogging, litecoin, Lyft, M-Pesa, microbiome, Neal Stephenson, Network effects, new economy, operational security, peer-to-peer, peer-to-peer lending, peer-to-peer model, personalized medicine, post scarcity, power law, prediction markets, QR code, ride hailing / ride sharing, Satoshi Nakamoto, Search for Extraterrestrial Intelligence, SETI@home, sharing economy, Skype, smart cities, smart contracts, smart grid, Snow Crash, software as a service, synthetic biology, technological singularity, the long tail, Turing complete, uber lyft, unbanked and underbanked, underbanked, Vitalik Buterin, Wayback Machine, web application, WikiLeaks

“Seven Months After FDA Slapdown, 23andMe Returns with New Health Report Submission.” Forbes, June 20, 2014. http://www.forbes.com/sites/roberthof/2014/06/20/seven-months-after-fda-slapdown-23andme-returns-with-new-health-report-submission/. 4 Knight, H. and B. Evangelista. “S.F., L.A. Threaten Uber, Lyft, Sidecar with Legal Action.” SFGATE, September 25, 2041. http://m.sfgate.com/bayarea/article/S-F-L-A-threaten-Uber-Lyft-Sidecar-with-5781328.php. 5 Although it is not strictly impossible for two files to have the same hash, the number of 64-character hashes is vastly greater than the number of files that humanity can foreseeably create. This is similar to the cryptographic standard that even though a scheme could be cracked, the calculation would take longer than the history of the universe. 6 Nakamoto, S.

Some current examples are listed in Table 2-4. There is OpenBazaar (a decentralized Craigslist), LaZooz (a decentralized Uber), Twister (a decentralized Twitter), Bitmessage (decentralized SMS), and Storj (decentralized file storage). Table 2-4. Sample list of Dapps Project name and URL Activity Centralized equivalent OpenBazaar https://openbazaar.org/ Buy/sell items in local physical world Craigslist LaZooz http://lazooz.org/ Ridesharing, including Zooz, a proof-of-movement coin Uber Twister http://twister.net.co/ Social networking, peer-to-peer microblogging66 Twitter/Facebook Gems http://getgems.org/ Social networking, token-based social messaging Twitter/SMS Bitmessage https://bitmessage.org Secure messaging (individual or broadcast) SMS services Storj http://storj.io/ File storage Dropbox Swarm https://www.swarm.co/ Koinify https://koinify.com/ bitFlyer http://fundflyer.bitflyer.jp/ Cryptocurrency crowdfunding platforms Kickstarter, Indiegogo venture capital funding In a collaborative white paper, another group offers a stronger-form definition of a Dapp.67 In their view, the Dapp must have three features.

Beyond these situations in which a public interest must transcend governmental power structures, other industry sectors and classes can be freed from skewed regulatory and licensing schemes subject to the hierarchical power structures and influence of strongly backed special interest groups on governments, enabling new disintermediated business models. Even though regulation spurred by the institutional lobby has effectively crippled consumer genome services,3 newer sharing economy models like Airbnb and Uber have been standing up strongly in legal attacks from incumbents.4 In addition to economic and political benefits, the coordination, record keeping, and irrevocability of transactions using blockchain technology are features that could be as fundamental for forward progress in society as the Magna Carta or the Rosetta Stone.


Designing Web APIs: Building APIs That Developers Love by Brenda Jin, Saurabh Sahni, Amir Shevat

active measures, Amazon Web Services, augmented reality, Big Tech, blockchain, business logic, business process, cognitive load, continuous integration, create, read, update, delete, exponential backoff, Google Hangouts, if you build it, they will come, Lyft, machine readable, MITM: man-in-the-middle, premature optimization, pull request, Salesforce, Silicon Valley, Snapchat, software as a service, the market place, uber lyft, web application, WebSocket

To define the developer programs that you need to run, you need to perform a breadth and depth analysis. Breadth and Depth Analysis Most developer ecosystems are composed of a few big players and a lot of midsize and small players, as illustrated in Figure 10-1. Con‐ sider the following about the mobile ecosystem: you have a few big mobile app developers—Uber, Lyft, Facebook, Supercell, and so forth—as well as many, many other app developers working in smaller companies building mobile apps. 185 Figure 10-1. Developer tiers Developers (and hence developer programs) can be categorized along two axes, as shown in Figure 10-2: Depth axis The deep developer audience refers to the top partners or top clients that will use your API.

Ultimately, the version access pattern should be as stable as promised in accompanying documentation, and developers should have the option to opt into new versions while maintaining stability on previous versions. 134 | Chapter 7: Managing Change Expert Advice From the outset, we knew that there would be iterations in our API—Uber just moves too fast for there not to be. Therefore, each endpoint is versioned and makes it easy to access historical docs. —Chris Messina, developer experience lead at Uber Updating URI components is one strategy that many API providers use to define version schemes. These are often inserted as a base for the URI, before the specification of a resource-like entity. For exam‐ ple, take Uber’s ride requests API endpoint, https:// api.uber.c om/v1.2/requests. In this example, v1.2 is inserted before the requests resource.

Hackathons are also expensive in terms of time and resources, so if you do not invite the right people, track signups, and gather product insights, your management might see this effort as a waste of time and money. Hackathons can be very big, with a lot of API companies working together to help developers innovate. Slack has sponsored a hacka‐ thon with 2,000 developers, together with companies such as Lyft, Stripe, Google, Amazon, and Microsoft. Each company provided training materials, engineers to support the hackers, and prizes for the best projects. Hackathons contribute to developer awareness and proficiency, they connect the API product team and developers at large, and they help collect product feedback and build empathy for developer problems.


pages: 386 words: 113,709

Why We Drive: Toward a Philosophy of the Open Road by Matthew B. Crawford

1960s counterculture, Airbus A320, airport security, augmented reality, autonomous vehicles, behavioural economics, Bernie Sanders, Big Tech, Boeing 737 MAX, British Empire, Burning Man, business logic, call centre, classic study, collective bargaining, confounding variable, congestion pricing, crony capitalism, data science, David Sedaris, deskilling, digital map, don't be evil, Donald Trump, driverless car, Elon Musk, emotional labour, en.wikipedia.org, Fellow of the Royal Society, Ford Model T, gamification, gentrification, gig economy, Google Earth, Great Leap Forward, Herbert Marcuse, hive mind, Ian Bogost, income inequality, informal economy, Internet of things, Jane Jacobs, labour mobility, Lyft, mirror neurons, Network effects, New Journalism, New Urbanism, Nicholas Carr, planned obsolescence, Ponzi scheme, precautionary principle, Ralph Nader, ride hailing / ride sharing, Ronald Reagan, Sam Peltzman, security theater, self-driving car, sharing economy, Shoshana Zuboff, Silicon Valley, smart cities, social graph, social intelligence, Stephen Hawking, surveillance capitalism, tacit knowledge, tech worker, technoutopianism, the built environment, The Death and Life of Great American Cities, the High Line, time dilation, too big to fail, traffic fines, Travis Kalanick, trolley problem, Uber and Lyft, Uber for X, uber lyft, Unsafe at Any Speed, urban planning, Wall-E, Works Progress Administration

Mike Isaac, “Uber Defies California Regulators with Self-Driving Car Service,” New York Times, December 16, 2016, https://www.nytimes.com/2016/12/16/technology/uber-defies-california-regulators-with-self-driving-car-service.html. 9.John Harris, “With Trump and Uber, the Driverless Future Could Turn into a Nightmare,” Guardian, December 16, 2016, https://www.theguardian.com/commentisfree/2016/dec/16/trump-uber-driverless-future-jobs-go. 10.These are the findings of the city’s transport department as characterized by Nicole Gelinas in “Why Uber’s Investors May Lose Their Lunch,” New York Post, December 26, 2017, available at https://www.manhattan-institute.org/html/why-ubers-investors-may-lose-their-lunch-10847.html. 11.“Uber and Lyft Want to Replace Public Buses,” New York Public Transit Association, August 16, 2016, https://nytransit.org/resources/transit-tncs/207-uber-and-lyft-want-to-replace-public-buses. 12.Huber Horan, “Uber’s Path of Destruction,” American Affairs 3, no. 2 (Summer 2019). 13.Horan, “Uber’s Path of Destruction.”

Other findings consistent with these are collected from opinion polls conducted by various industry groups, insurance institutes, and consumer advocacy groups and available at Saferoads.org. 8.Christopher Mele, “In a Retreat, Uber Ends Its Self-Driving Car Experiment in San Francisco,” New York Times, December 22, 2016, http://www.nytimes.com/2016/12/21/technology/san-francisco-california-uber-driverless-car-.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region&region=top-news &WT.nav=top-news&_r=0. Mike Isaac, “Uber Defies California Regulators with Self-Driving Car Service,” New York Times, December 16, 2016, https://www.nytimes.com/2016/12/16/technology/uber-defies-california-regulators-with-self-driving-car-service.html. 9.John Harris, “With Trump and Uber, the Driverless Future Could Turn into a Nightmare,” Guardian, December 16, 2016, https://www.theguardian.com/commentisfree/2016/dec/16/trump-uber-driverless-future-jobs-go. 10.These are the findings of the city’s transport department as characterized by Nicole Gelinas in “Why Uber’s Investors May Lose Their Lunch,” New York Post, December 26, 2017, available at https://www.manhattan-institute.org/html/why-ubers-investors-may-lose-their-lunch-10847.html. 11.

That would appear to be the plan.11 And in fact municipal financing for public transportation has declined sharply; mass transit ridership is down, and its infrastructure is crumbling in many cities. Meanwhile, Uber continues to lose billions of dollars every year ($14 billion between 2014 and 2018). If one allows oneself to become curious about this last fact, the story of Uber becomes quite interesting. In 2019, the transportation industry consultant Hubert Horan published a study of Uber’s economics and concluded that the firm has no hope of ever turning a profit. It “not only lacks powerful competitive advantages, but it is actually less efficient than the competitors it has been driving out of business.”12 It turns out, on closer inspection, that Uber never intended to turn a profit from driving people around in a competitive market.


pages: 237 words: 67,154

Ours to Hack and to Own: The Rise of Platform Cooperativism, a New Vision for the Future of Work and a Fairer Internet by Trebor Scholz, Nathan Schneider

1960s counterculture, activist fund / activist shareholder / activist investor, Airbnb, Amazon Mechanical Turk, Anthropocene, barriers to entry, basic income, benefit corporation, Big Tech, bitcoin, blockchain, Build a better mousetrap, Burning Man, business logic, capital controls, circular economy, citizen journalism, collaborative economy, collaborative editing, collective bargaining, commoditize, commons-based peer production, conceptual framework, content marketing, crowdsourcing, cryptocurrency, data science, Debian, decentralized internet, deskilling, disintermediation, distributed ledger, driverless car, emotional labour, end-to-end encryption, Ethereum, ethereum blockchain, food desert, future of work, gig economy, Google bus, hiring and firing, holacracy, income inequality, independent contractor, information asymmetry, Internet of things, Jacob Appelbaum, Jeff Bezos, job automation, Julian Assange, Kickstarter, lake wobegon effect, low skilled workers, Lyft, Mark Zuckerberg, means of production, minimum viable product, moral hazard, Network effects, new economy, offshore financial centre, openstreetmap, peer-to-peer, planned obsolescence, post-work, profit maximization, race to the bottom, radical decentralization, remunicipalization, ride hailing / ride sharing, Rochdale Principles, SETI@home, shareholder value, sharing economy, Shoshana Zuboff, Silicon Valley, smart cities, smart contracts, Snapchat, surveillance capitalism, TaskRabbit, technological solutionism, technoutopianism, transaction costs, Travis Kalanick, Tyler Cowen, Uber for X, uber lyft, union organizing, universal basic income, Vitalik Buterin, W. E. B. Du Bois, Whole Earth Catalog, WikiLeaks, women in the workforce, workplace surveillance , Yochai Benkler, Zipcar

A protective legal framework is not only essential to guarantee the right to organize and the freedom of expression but it can help to guard against platform-based child labor, wage theft, arbitrary behavior, litigation, and excessive workplace surveillance along the lines of the “reputation systems” of companies like Lyft and Uber that “deactivate” drivers if their ratings fall below 4.5 stars. Crowd workers should have a right to know what they are working on instead of contributing to mysterious projects posted by anonymous consignors. At its heart, platform cooperativism is not about any particular technology but the politics of lived acts of cooperation.

Perhaps the businesses that have fueled much of the world’s economic growth in recent decades have instead been in highly competitive industries, leveraging specialized high-variance talent and requiring large technological investments. But if one thinks about it, today’s sharing-economy platforms do exhibit some characteristics in common with Sunkist, and a worker-owned equivalent to Lyft and Uber seems quite feasible. Point-to-point urban transportation is a fairly uniform service in an industry with a limited amount of competition. Once the technology associated with “e-hail” and logistics is commoditized, which it will be, the economic fundamentals for the emergence of a platform cooperative would appear to be in place.

It’s how more and more people are working, whether they want to or not. Welcome to the Freelance Society. THE UBER-IZATION OF WORK Uber is the best known of these new kinds of businesses. It is nothing more than a temp agency, in which the predominant job on offer is that of a taxi driver (more recently Uber is trying other related services, such as courier or delivery person). Drivers are not treated as employees but as freelance contractors, and most drivers, after they subtract their considerable driving expenses, don’t earn any more than taxis drivers. Indeed, many Uber drivers complain they don’t earn minimum wage, much less a living wage.


pages: 340 words: 97,723

The Big Nine: How the Tech Titans and Their Thinking Machines Could Warp Humanity by Amy Webb

"Friedman doctrine" OR "shareholder theory", Ada Lovelace, AI winter, air gap, Airbnb, airport security, Alan Turing: On Computable Numbers, with an Application to the Entscheidungsproblem, algorithmic bias, AlphaGo, Andy Rubin, artificial general intelligence, Asilomar, autonomous vehicles, backpropagation, Bayesian statistics, behavioural economics, Bernie Sanders, Big Tech, bioinformatics, Black Lives Matter, blockchain, Bretton Woods, business intelligence, Cambridge Analytica, Cass Sunstein, Charles Babbage, Claude Shannon: information theory, cloud computing, cognitive bias, complexity theory, computer vision, Computing Machinery and Intelligence, CRISPR, cross-border payments, crowdsourcing, cryptocurrency, Daniel Kahneman / Amos Tversky, data science, deep learning, DeepMind, Demis Hassabis, Deng Xiaoping, disinformation, distributed ledger, don't be evil, Donald Trump, Elon Musk, fail fast, fake news, Filter Bubble, Flynn Effect, Geoffrey Hinton, gig economy, Google Glasses, Grace Hopper, Gödel, Escher, Bach, Herman Kahn, high-speed rail, Inbox Zero, Internet of things, Jacques de Vaucanson, Jeff Bezos, Joan Didion, job automation, John von Neumann, knowledge worker, Lyft, machine translation, Mark Zuckerberg, Menlo Park, move fast and break things, Mustafa Suleyman, natural language processing, New Urbanism, Nick Bostrom, one-China policy, optical character recognition, packet switching, paperclip maximiser, pattern recognition, personalized medicine, RAND corporation, Ray Kurzweil, Recombinant DNA, ride hailing / ride sharing, Rodney Brooks, Rubik’s Cube, Salesforce, Sand Hill Road, Second Machine Age, self-driving car, seminal paper, SETI@home, side project, Silicon Valley, Silicon Valley startup, skunkworks, Skype, smart cities, South China Sea, sovereign wealth fund, speech recognition, Stephen Hawking, strong AI, superintelligent machines, surveillance capitalism, technological singularity, The Coming Technological Singularity, the long tail, theory of mind, Tim Cook: Apple, trade route, Turing machine, Turing test, uber lyft, Von Neumann architecture, Watson beat the top human players on Jeopardy!, zero day

Alibaba sold to 515 million customers in 2017 alone, and that year its Singles’ Day Festival—a sort of Black Friday meets the Academy Awards in China—saw $25 billion in online purchases from 812 million orders on a single day.40 China has the largest digital market in the world regardless of how you measure it: more than a trillion dollars spent annually, more than a billion people online, and $30 billion invested in venture deals in the world’s most important tech companies.41 Chinese investors were involved in 7–10% of all funding of tech startups in the United States between 2012 and 2017—that’s a significant concentration of wealth pouring in from just one region.42 The BAT are now well established in Seattle and Silicon Valley, operating out of satellite offices that include spaces along Menlo Park’s fabled Sand Hill Road. During the past five years, the BAT invested significant money in Tesla, Uber, Lyft, Magic Leap (the mixed-reality headset and platform maker), and more. Venture investment from BAT companies is attractive not just because they move quickly and have a lot of cash but because a BAT deal typically means a lucrative entrée into the Chinese market, which can otherwise be impossible to penetrate.

Early experiments proved successful as hundreds of thousands of people donated their idle processing time to all kinds of worthy projects around the world, supporting projects like the Quake-Catcher Network, which looks for seismic activity, and SETI@home, which searches for extraterrestrial life out in the universe. By 2018, some clever entrepreneurs had figured out how to repurpose those networks for the gig economy v2.0. Rather than driving for Uber or Lyft, freelancers could install “gigware” to earn money for idle time. The latest gigware lets third-party businesses use our devices in exchange for credits or real money we can spend elsewhere. Like the early days of ride-sharing services, a lot of people left the traditional workforce to stake their claim in this new iteration of the gig economy.

Families are locked into their PDRs, and that designation travels with them. It’s easier for a Google Yellow family to port into the Blue or even Green level than an Amazon to port into the Apple system. That’s why most families opted-in to Google when they had the opportunity. Your status is visible to all of the AIs you interact with. Self-driving taxi services like Lyft, Uber, and CitiCar don’t pick up Amazon riders with as much frequency, and cars sent to them tend not to be as nice. Waymo cars exclusively pick up Googlers. For Greens, the car is preset to the rider’s desired temperature and ambient lighting scheme, and it drives along the rider’s preferred routes.


Work in the Future The Automation Revolution-Palgrave MacMillan (2019) by Robert Skidelsky Nan Craig

3D printing, Airbnb, algorithmic trading, AlphaGo, Alvin Toffler, Amazon Web Services, anti-work, antiwork, artificial general intelligence, asset light, autonomous vehicles, basic income, behavioural economics, business cycle, cloud computing, collective bargaining, Computing Machinery and Intelligence, correlation does not imply causation, creative destruction, data is the new oil, data science, David Graeber, David Ricardo: comparative advantage, deep learning, DeepMind, deindustrialization, Demis Hassabis, deskilling, disintermediation, do what you love, Donald Trump, driverless car, Erik Brynjolfsson, fake news, feminist movement, Ford Model T, Frederick Winslow Taylor, future of work, Future Shock, general purpose technology, gig economy, global supply chain, income inequality, independent contractor, informal economy, Internet of things, Jarndyce and Jarndyce, Jarndyce and Jarndyce, job automation, job polarisation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, John von Neumann, Joseph Schumpeter, knowledge economy, Loebner Prize, low skilled workers, Lyft, Mark Zuckerberg, means of production, moral panic, Network effects, new economy, Nick Bostrom, off grid, pattern recognition, post-work, Ronald Coase, scientific management, Second Machine Age, self-driving car, sharing economy, SoftBank, Steve Jobs, strong AI, tacit knowledge, technological determinism, technoutopianism, TED Talk, The Chicago School, The Future of Employment, the market place, The Nature of the Firm, The Wealth of Nations by Adam Smith, Thorstein Veblen, Turing test, Uber for X, uber lyft, universal basic income, wealth creators, working poor

Srnicek avoidance of regulators’ requests.5 So regulators are putting significant restrictions on what the Uber model can do. The other challenge is that Uber and other lean platforms are facing worker struggles. After an initial setback as workers were unsure how to organise and fight for their rights in these new business models, the last year has seen workers striking back in increasingly significant ways. Uber drivers, for instance are attempting to build unions; Deliveroo drivers are attempting to as well; and many of these lean platform companies are facing a number of lawsuits. Uber had to pay $100 million in one settlement; Lyft had to pay $27 million in another settlement; Postmates is currently facing an $800 million suit.6 One lawsuit for Uber estimated they would owe drivers $852 million if they were deemed employees and not independent contractors.

In this paper, I want to critically examine two common, but mythical, images of the future economy, with a particular focus on work and technology. yth #1: Uber Is the Business Model M of the Future The first myth I want to tackle is that Uber is the model for the future of the economy. This is the idea that we are going to see an Uberisation of the economy, whereby more and more firms will take on its business model. We can see this in the numerous new apps and platforms that label themselves as an ‘Uber for X’ in the hopes of having some of Uber’s success pass on to them. Taken to the extremes, we even see an Uber for toilets in the form of Airpnp, which allows users to find publicly shared N.

It is astonishing that a company can lose $7.5 billion in two years, have never made a profit in its entire existence, and yet still be heralded as the next big thing for capitalism. Rather than survive by making profits, Uber survives through venture capital welfare: constant injections of new funding from investors. Looking closely at Uber’s funding rounds, what becomes apparent is that there is more and more suspicion from the investors. In the most recent funding round, for instance, the investor group SoftBank actually demanded that Uber take a 30 percent cut on their very high valuation.4 Effectively, Uber is finding it increasingly difficult to convince investors of its ability to generate profits even in the long-term. Uber also faces future challenges. The first example of these is regulators.


pages: 229 words: 61,482

The Gig Economy: The Complete Guide to Getting Better Work, Taking More Time Off, and Financing the Life You Want by Diane Mulcahy

Affordable Care Act / Obamacare, Airbnb, Amazon Mechanical Turk, basic income, Clayton Christensen, cognitive bias, collective bargaining, creative destruction, David Brooks, deliberate practice, digital nomad, diversification, diversified portfolio, fear of failure, financial independence, future of work, gig economy, helicopter parent, Home mortgage interest deduction, housing crisis, independent contractor, job satisfaction, Kickstarter, loss aversion, low interest rates, low skilled workers, Lyft, mass immigration, mental accounting, minimum wage unemployment, mortgage tax deduction, negative equity, passive income, Paul Graham, remote working, risk tolerance, Robert Shiller, seminal paper, Silicon Valley, Snapchat, social contagion, TaskRabbit, TED Talk, the strength of weak ties, Uber and Lyft, uber lyft, universal basic income, wage slave, WeWork, Y Combinator, Zipcar

Beekman, Daniel, “The Seattle City Council Voted 8-0 Monday Afternoon to Enact Councilmember Mike O’Brien’s Ordinance, Giving Taxi, For-Hire and Uber Drivers the Ability to Unionize,” December 16, 2015. www.seattletimes.com/seattle-news/politics/unions-for-taxi-uber-drivers-seattle-council-votes-today/ 17. Somerville, Heather, and Dan Levine, “US Chamber of Commerce Sues Seattle over Uber, Lyft Ordinance,” Reuters, March 3, 2016. www.reuters.com/article/us-uber-tech-seattle-chamberofcommerce-idUSKCN0W52SD 18. Gallup, “What Everyone in the World Wants: A Good Job,” June 9, 2015 www.gallup.com/businessjournal/183527/everyone-world-wants-good-job.aspx 19.

In the past, contractor attempts to unionize and bargain have been thwarted by invoking antitrust laws. The argument is that contractors who collectively bargain to set common rates are essentially colluding, which violates antitrust laws. However, in December 2015, the Seattle City Council voted to extend collective bargaining rights to Uber and Lyft drivers.16 In March, the U.S. Chamber of Commerce sued the city of Seattle, saying that the ordinance violates antitrust laws.17 California is expected to introduce a similar bill covering independent contractors who work on on-demand platforms. What most of these proposals have in common is that they attempt to improve the current labor market by eliminating an employer’s ability to arbitrage between employees and contractors, and support worker choices about how to work.

It won’t eliminate bad jobs and poorly paid workers, but what it can do is offer some positive change for these low-skill workers. In the Gig Economy, these workers have the chance to gain more control and have more flexibility and autonomy in their working lives. Uber drivers work under similar circumstances that most taxi drivers always have: they are contractors with no benefits, no overtime or minimum wage, and no access to unemployment insurance. But there are many more people willing to be Uber drivers than taxi drivers, in part because they can control when and how much they work. Similarly, the economic plight of an on-demand worker for a company like TaskRabbit or Postmates is not materially different from that of a low-wage hourly worker in a fast food restaurant or retail store.


pages: 463 words: 105,197

Radical Markets: Uprooting Capitalism and Democracy for a Just Society by Eric Posner, E. Weyl

3D printing, activist fund / activist shareholder / activist investor, Affordable Care Act / Obamacare, Airbnb, Amazon Mechanical Turk, anti-communist, augmented reality, basic income, Berlin Wall, Bernie Sanders, Big Tech, Branko Milanovic, business process, buy and hold, carbon footprint, Cass Sunstein, Clayton Christensen, cloud computing, collective bargaining, commoditize, congestion pricing, Corn Laws, corporate governance, crowdsourcing, cryptocurrency, data science, deep learning, DeepMind, Donald Trump, Elon Musk, endowment effect, Erik Brynjolfsson, Ethereum, feminist movement, financial deregulation, Francis Fukuyama: the end of history, full employment, gamification, Garrett Hardin, George Akerlof, global macro, global supply chain, guest worker program, hydraulic fracturing, Hyperloop, illegal immigration, immigration reform, income inequality, income per capita, index fund, informal economy, information asymmetry, invisible hand, Jane Jacobs, Jaron Lanier, Jean Tirole, Jeremy Corbyn, Joseph Schumpeter, Kenneth Arrow, labor-force participation, laissez-faire capitalism, Landlord’s Game, liberal capitalism, low skilled workers, Lyft, market bubble, market design, market friction, market fundamentalism, mass immigration, negative equity, Network effects, obamacare, offshore financial centre, open borders, Pareto efficiency, passive investing, patent troll, Paul Samuelson, performance metric, plutocrats, pre–internet, radical decentralization, random walk, randomized controlled trial, Ray Kurzweil, recommendation engine, rent-seeking, Richard Thaler, ride hailing / ride sharing, risk tolerance, road to serfdom, Robert Shiller, Ronald Coase, Rory Sutherland, search costs, Second Machine Age, second-price auction, self-driving car, shareholder value, sharing economy, Silicon Valley, Skype, special economic zone, spectrum auction, speech recognition, statistical model, stem cell, telepresence, Thales and the olive presses, Thales of Miletus, The Death and Life of Great American Cities, The Future of Employment, The Market for Lemons, The Nature of the Firm, The Rise and Fall of American Growth, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, Thorstein Veblen, trade route, Tragedy of the Commons, transaction costs, trickle-down economics, Tyler Cowen, Uber and Lyft, uber lyft, universal basic income, urban planning, Vanguard fund, vertical integration, women in the workforce, Zipcar

Facebook, Google, and Bing use a system derived from Vickrey’s auction to allocate advertising space on their web pages. Vickrey’s insights about urban planning and congestion pricing are slowly changing the face of cities, and they play an important role in the pricing policies of ride-hailing apps like Uber and Lyft.2 However, none of these applications reflects the ambition that sparked Vickrey’s work. When Vickrey won the Nobel Prize, he reportedly hoped to use the award as a “bully pulpit” to bring George’s transformative ideas and the radical potential of mechanism design to a broader audience.3 Yet Vickrey died of a heart attack three days after learning of his prize.

In the coming years, experiments with QV will offer a proving ground for the practical utility of QV. RATING AND SOCIAL AGGREGATION Rating and social aggregation systems fuel today’s digital economy. Reputation systems are the crucial trust mechanisms that allow “sharing economy” services like Airbnb, VRBO, Uber, and Lyft to win consumer acceptance and give providers the confidence to adopt the system.46 They play a core role in the popular search services offered by Amazon, Google, Apple’s app store, and Yelp. Yet a growing body of evidence suggests these systems are badly broken. As noted above, almost all reviews cluster toward five stars, and a few at one star, making the resulting feedback biased and what statisticians call “noisy,” that is, not very accurate.47 Other online platforms, such as Facebook, Reddit, Twitter, and Instagram, gather limited information because they only allow “likes,” and other limited forms of response, rather than allowing participants to exhibit exceptional enthusiasm, or distaste, for particular content.

Scott, 174 Ford, 185–87, 193, 240, 243, 311n30 France, 10, 12, 13, 90, 127–30, 139, 141, 182, 210 free access, 43, 211 free data, 209, 220, 224, 231–35, 239 free-rider problem, 107–8 Free: The Future of a Radical Prize (Anderson), 212 free trade, 23, 131–33, 136, 266 French Revolution, 46, 86, 90, 277 Friedman, Milton, xiii, xix Galbraith, John Kenneth, 125–26, 240 Galeano, Eduardo, 140 General Agreements on Tariffs and Trade (GATT), 138 General Theory of Employment, Money and Interest, The (Keynes), 1 George, Henry, 4; capitalism and, 36–37; inequality and, xix–xx; labor and, 137; laissez-faire and, 45, 250, 253; Progress and Poverty and, 36–37, 43, 240; Progressive movement and, 174–75; property and, 36–37, 42–46, 49, 51, 59, 66; reform and, 23; socialism and, 37, 45, 137, 250, 253; Vickrey and, xx–xxii Germany, 10, 12, 13, 45, 77, 93–94, 131, 135, 139 Gibbons, Robert, 52 Giegel, Josh, 32–33 Gilded Age, 174, 262 globalization: backlash against, 265; capital flows and, 265; common ownership self-assessed tax (COST) and, 269–70; foreign products and, 130; General Agreement on Tariffs and Trade (GATT) and, 138; growth and, 257–58; imbalance in, 264–65; immigrants and, 28, 127–30, 132, 141–53, 156–66, 256–57, 261, 266–69, 273, 308n19; inequality and, 8, 9, 134, 135, 165; internationalism and, 140, 160–67; international trade and, 14, 22, 132, 137–38, 140, 142, 265, 270; investment and, 140–41; labor and, 130, 137–40; liberalism and, 255; public goods and, 265; Quadratic Voting (QV) and, 266–69; reform and, 255; VIP program and, 265–66 Glorious Revolution, 86, 95 GM, 185–87, 193, 196, 243 Goeree, Jacob, 304n34 Google, xxi, 314n29; advertising and, 202, 211–13, 220, 234; algorithms and, 289; asset managers and, 171; Brin and, 211; data and, 28, 202, 207–13, 219–20, 224, 231–36, 241–42, 246; immigrants and, 149–51, 154, 163, 169; Page and, 211; re-CAPTCHA and, 235–36; search and, 117, 202, 213, 233, 235 Google Assistant, 219 Gray, Mary, 233–34 Great Depression, 3, 17, 46, 176 Great Recession, 181–82 Greece, 55, 83–84, 90, 131, 296n16 gridlock, 84, 88, 122–24, 261, 267 Groves, Theodore, 99–100, 102, 105 growth, economic: capitalism’s slowing of, 3; common ownership self-assessed tax (COST) and, 73, 256; entrenched privilege and, 4; entrepreneurial sectors and, 144; equal distribution of, 148; globalization and, 257–58; index funds and, 181; inequality and, 3, 5, 8–9, 11, 23–24, 123, 148, 256–57; investment and, 181; liberalism and, 3–11, 23–24, 29; monopsony and, 199, 241; productivity, 254–55; quadratic, 103–5, 123; savings and, 6; stagnation and, 257–58; technology and, 255; wage, 190, 201 guest workers, 140, 150–51, 308n32 Gulf Cooperation Council (GCC), 158–65, 265–66 gun rights, 15, 76, 81, 90, 105–9, 116, 127 H1–B program, 149, 154, 162–63 Hacker, Jacob, 191 Haiti, 127–30, 153 Hajjar, 168–71 Handmaid’s Tale, The (Atwood), 18–19 happiness: Bentham on, 95–96, 98; Quadratic Voting (QV) and, 108–10, 306n52; utilitarian principle and, 95 Harberger, Arnold, 56–59 Hardin, Garrett, 44 Hayek, Friedrich, xix, 47–48, 278, 286 health issues, 100–101, 113, 151–52, 154, 266, 290–91 Her (film), 254 Hicks, John, 68 Hitler, Adolf, 3–94 Hobbes, Thomas, 85 holdout, 33, 62, 71–72, 88, 299n28 homeowners, 17, 26, 33, 42, 56–57, 65 Horizontal Merger Guidelines, 186 House of Cards (TV series), 221 human capital, 130, 258–61, 264, 293 Hume, David, 132 Hylland, Aanund, 100 immigrants: auctioning visas and, 147–49; au pair program and, 154–55, 161; common ownership self-assessed tax (COST) and, 261, 269, 273; data as labor and, 256; DeFoe on, 132; democratizing visas and, 149–57; education and, 14, 143–44, 148; elitism and, 3, 146, 166; English language and, 151, 155, 165, 251; Europe and, 139–40; expansion of existing migration and, 142–46; family reunification programs and, 150, 152; free trade and, 131–33, 136; George on, 137; globalization and, 28, 127–30, 132, 141–53, 156–66, 256–57, 261, 266–69, 273, 308n19; guest workers and, 140, 150–51, 308n32; H1–B program and, 149, 154, 162–63; Haitian, 127–30, 153; human trafficking and, 158; illegal, 130, 139, 143, 152–53, 158, 160, 165–66, 268; Irish, 137; J-1 program and, 154, 161, 273; labor and, 28, 127–30, 132, 141–53, 156–66, 256–57, 261, 266–69, 273, 308n19; legal issues and, 130, 139, 143, 152–53, 158; living standards and, 148, 153, 257; logic of free migration and, 132–37; Marx on, 137; mercantilism and, 132; Mexico and, 139–40; Mill on, 137; New World and, 136; populism and, 14; Quadratic Voting (QV) and, 261, 266–69, 273; refugees and, 130, 140, 145; skill levels of, 143–47, 150, 159–65; Smith on, 132–33; sponsors and, 129, 149–65, 273; Stolper-Samuelson Theorem and, 142–43; Syrian, 116, 140, 145; taxes and, 143–45, 156; technology and, 256–57; transportation costs and, 141; unlimited immigration and, 142; Visas Between Individuals Program (VIP) and, 150, 153, 156–66, 261, 265–66, 269; wages and, 143, 154, 158, 161–62, 165, 308n19; World Bank studies and, 140; xenophobia and, 3, 166 Immorlica, Nicole, 306n52 impossibility theorem, 92 income distribution, 4–8, 12, 74, 133, 223 index funds, 172, 181–82, 185–91, 194–95, 302n63, 310n16 India, 15, 21, 134–35, 149, 173, 206 industrial revolution, 36, 255 inequality: Brazil and, xiv; common ownership self-assessed tax (COST) and, 256–59; crosscountry analysis of, 134–35; democracy and, 123; evolution of, 133–34; George and, xix–xx; global, 8, 9, 134, 135, 165; growth and, 3, 5, 8–9, 11, 23–24, 123, 148, 256–57; growth in, 4–8; immigrants and, 266 (see also immigrants); income distribution and, 4–8, 12, 74, 133; institutional investment and, 187; labor and, 133–35, 141, 148, 163–65, 223; legal issues and, 22; liberalism and, 2–11, 22–25; living standards and, 3, 11, 13, 133, 135, 148, 153, 254, 257; measurement of, 133; minorities and, 12, 14–15, 19, 23–27, 85–90, 93–97, 101, 106, 110, 181, 194, 273, 303n14, 304n36; ownership and, 42, 45, 75, 79, 253; Quadratic Voting (QV) and, 264; Radical Markets and, 174, 176, 199, 257; slavery and, xiv, 1, 19, 23, 37, 96, 136, 255, 260; Smith on, 22; stagnequality and, 276; US Civil Rights movement and, 24 inflation, 8–9, 11, 149 innovation: competition and, 202–3; neural networks and, 214–19; robots and, 222, 248, 251, 254, 287; supersonic trains and, 30–32; technology and, 34, 71, 172, 187, 189, 202, 258 Innovator’s Dilemma, The (Christensen), 202 Instagram, 117, 202, 207 intellectual property, 26, 38, 48, 72, 210, 212, 239 International Monetary Fund (IMF), 138, 141, 267 international trade, 14, 22, 132, 137–42, 265, 270 Internet, 27, 51, 71; data and, 210–12, 224, 232, 235, 238–39, 242, 246–48; dot-com bubble and, 211; free access and, 211; high prices of, 21; online services and, 211, 235; user fees and, 211 “In the Soviet Union, Optimization Problem Solves You” (Shalizi), 281 Israel, 71 Italy, 10, 12, 13, 21 It’s a Wonderful Life (film), 17 J-1 visa program, 154, 161, 273 Jackson, Andrew, 14 James II, King of England, 86 Japan, 10, 12, 13, 80–81, 105–8 Jefferson, Thomas, 86 Jevons, William Stanley, 41, 50, 66, 224 Jonze, Spike, 254 JP Morgan, 171, 183, 184, 191 judicial activism, 124 Jury Theorem, 90–92 Kapital, Das (Marx), 239 Kasparov, Gary, 213 Keynes, John Maynard, 1, 9, 11 Kingsley, Sara, 234 Klemperer, Paul, 52 Korea, 11, 13, 71, 251 Kuwait, 158 labor: artisan, 206, 222; auctioning visas and, 147–49; au pair program and, 154–55, 161; automation of, 222–23, 251, 254; border issues and, 28, 130, 133, 139–40, 142, 144, 161, 164–65, 242, 256, 264–66; capitalism and, 136–37, 143, 159, 165, 211, 224, 231, 239–40, 316n4; collective bargaining and, 240–41; competition and, 145, 158, 162–63, 220, 234, 236, 239, 243, 245, 256, 266; cooperatives and, 118, 126, 261, 267, 299n24; cost of, 129, 200; craftsmen and, 17, 35; data and, 209–13, 246–49; democracy and, 122, 147, 149–57; digital economy and, 208–9 (see also digital economy); education and, 140, 143–44, 148, 150, 158, 170–71, 232, 248, 258–60; efficiency and, 130, 148, 240–41, 246; Engels on, 239–40; as entertainment, 233–39, 248–49; entrepreneurs and, xiv, 35, 39, 129, 144–45, 159, 173, 177, 203, 209–12, 224, 226, 256; equality and, 147, 166, 239, 257; exploitation of, 154, 157–58, 239–40; farm, 17, 34–35, 37–38, 61, 72, 135, 142, 179, 283–85; feudalism and, 16, 34–35, 37, 41, 61, 68, 136, 230–33, 239; free trade and, 131–33, 136; General Agreement on Tariffs and Trade (GATT) and, 138; George and, 137; globalization and, 130, 137–40, 264–65 (see also globalization); guest workers and, 140, 150–51, 308n32; H1–B program and, 149, 154, 162–63; human capital and, 130, 258–60, 264; human trafficking and, 158; illegal aliens and, 160, 165–66, 268; immigrants and, 28, 127–30, 132, 141–53, 156–66, 256–57, 261, 266–69, 273, 308n19; income distribution and, 4–8, 12, 74; inequality and, 133–35, 141, 148, 163–65, 223; J-1 program and, 154, 161, 273; job displacement and, 222, 316n4; manufacturing and, 77, 122, 162, 174, 185–86, 190, 279; markets and, 255–60, 265–66, 268–69, 273–74, 280, 285; mercantilism and, 131–32; 136, 243; monopsony and, 190, 199–201, 223, 234, 238–41, 255; optimality and, 231, 243; pensions and, 157, 181; prices and, 132, 156, 207, 212, 221, 235, 243–44; productivity and, 9–10, 16, 38, 57, 73, 123, 240–41, 247, 254–55, 258, 278; programmers and, 163, 208–9, 214, 217, 219, 224; Radical Markets and, 132, 147, 158, 199–201, 243, 246–49; Red Queen phenomenon and, 176–77; reform and, 129, 153, 240, 247, 255; resale price maintenance and, 201; retirement and, 171–72, 260, 274; rise of data work and, 209–13; robots and, 222, 248, 251, 254, 287; serfs and, 35, 48, 231–32, 236, 255; skilled, 130, 144–47, 154, 159, 161–63, 180, 279; slave, xiv, 1, 19, 23, 37, 96, 136, 255, 260; socialism and, 137, 299n24; Stolper-Samuelson Theorem and, 142–43; technology and, 210–13, 219, 222–23, 236–41, 244, 251, 253–59, 265, 293, 316n4; unemployment and, 9–11, 190, 200, 209, 223, 239, 255–56; unions and, 23, 94, 118, 200, 240–45, 316n4; unpaid, 210, 233–39, 248–49; unskilled, 163, 266; visas and, 158 (see also visas); wages and, 5 (see also wages); wealth and, 130–43, 146, 148, 159–66, 209, 226, 239, 246; women’s work and, 209, 313n4; Workers International and, 45 Labor Party, 45 laissez-faire, 45, 250, 253, 277 landlords, 37, 43, 70, 136, 201–2 landowners, 31–33, 38–39, 41, 68, 105, 173 Lange, Oskar, 47, 277, 280, 282, 286–88, 298n13 Lanier, Jaron, 208, 220–24, 233, 237, 313n2, 315n48 land value taxation, 31, 42–44, 56, 61 Latin America, 10, 57, 130, 138, 140 Law of the Sea Authority, 267 Ledyard, John, 100 Lenin, Vladimir, 46 Lerner, Abba, 280 liberalism: capitalism and, 3, 17, 22–27; central planning and, 19–20; competition and, 6, 17, 20–28; conflict and, 12–16; crisis in, 1–29; democracy and, 3–4, 25, 80, 86, 90; efficiency and, 17, 24, 28; elitism and, 3, 15–16, 25–28; equality and, 4, 8, 24, 29; globalization and, 255; governance and, 3, 16; growth and, 3–11, 23–24, 29; industry and, 19, 22, 24; inequality and, 2–11, 22–25; labor and, 5–12, 21–23, 26, 28, 141, 164; markets and, 16–29; monopolies and, 6, 16, 21–23, 28; neoliberalism and, 5, 9, 11, 24, 255; ownership and, 17–19, 26–27; prices and, 7, 8, 17–22, 25–27; profits and, 6–7, 17–18; property and, 17–18, 25–28; Quadratic Voting (QV) and, 268; reform and, 2–4, 23–25, 255; regulations and, 3, 9, 18, 24; stagnation and, 8–11; taxes and, 5, 9, 23–24; values of, 1, 18; wages and, 5, 7, 10, 19; wealth and, 4–17, 22–24, 255–56 Ligett, Katrina, 306n52 Likert, Rensis, 111 Likert surveys, 111–16, 120, 306n53 LinkedIn, 202 liquidity, 31, 69, 177–79, 194, 301n49 living standards, 3, 11, 13, 133, 135, 148, 153, 254, 257–58 lobbying, 98–99, 189–90, 198, 203, 262, 312n50 Locke, John, 86 Lyft, xxi, 117 McAfee, Preston, 50 machine learning (ML), 315n48; algorithms and, 208, 214, 219, 221, 281–82, 289–93; automated video editing and, 208; consumers and, 238; core idea of, 214; data evaluation by, 238; diamond-water paradox and, 224–25; diminishing returns and, 229–30; distribution of complexity and, 228; facial recognition and, 208, 216–19; factories for thinking machines and, 213–20; humanproduced data for, 208–9; marginal value and, 224–28, 247; neural networks and, 214–19; overfitting and, 217–18; payment systems for, 224–30; productivity and, 208–9; Radical Markets for, 247; siren servers and, 220–24, 230–41, 243; technofeudalism and, 230–33; technooptimists and, 254–55, 316n2; techno-pessimists and, 254–55, 316n2; Vapnik and, 217; worker displacement and, 222 McKelvey, Richard, 94 Macron, Emmanuel, 129 Madison, James, 87 Magie, Elizabeth, 43 majority rule, 27, 83–89, 92–97, 100–101, 121, 306n51 Malkiel, Burton G., 309n14 managers, 40, 129, 157, 171–72, 178–81, 193, 209, 266, 279, 284, 311n27 manufacturing, 77, 122, 162, 174, 185–86, 190, 279 Mao Tse-tung, 46 marginal cost, 101–3, 107, 109 marginal revolution, 41, 47, 224 marginal value, 103, 224–28, 247, 304n35 Market Fundamentalists, xix, xvi–xvii markets; as antiquated computers, 286–88; auctions and, xv–xix, 49–51, 70–71, 97, 99, 147–49, 156–57; border issues and, 22–23, 25, 28, 130, 133, 139–40, 142, 144, 161, 164–65, 242, 256, 264–66; capitalism and, 278, 288, 304n36; central planning and, 277–85, 288–93; Coase on, 40, 48–51, 299n26; for collective decisions, 97–105; colonialism and, 8, 131; common ownership self-assessed tax (COST) and, 270, 286; competition and, 25–28, 109 (see also competition); computers and, 277, 280–93; concentration of, 186, 204; consumers and, 19, 47, 117, 172, 175, 186, 190–91, 197–98, 220, 238, 242–43, 247–48, 256, 262, 270, 280, 287–91; control and, 178–81, 183–85, 193, 198, 235; democracy and, 97–105, 262, 276; discontents and, 16–19; diversification and, 171–72, 180–81, 185, 191–92, 194–96, 310n22, 310n24; dot-com bubble and, 211; efficiency and, 180, 277–85; equilibrium and, 293, 305n40; expansion of, 256; exports and, 46, 132; Federal Trade Commission (FTC) and, 176, 186; feudalism and, 16, 34–35, 37, 41, 61, 68, 136, 230–33, 239; free trade and, 23, 131–33, 136, 266; General Agreement on Tariffs and Trade (GATT) and, 138; globalization and, 265 (see also globalization); Great Depression and, 3, 17, 46, 176; Great Recession and, 181–82; immigrants and, 132–37; imports and, 132; international trade and, 14, 22, 132, 138, 140, 142, 265, 270; Internet and, 211; labor and, 255–60, 265–69, 273–74, 280, 285; liberalism and, 16–29; liquidity and, 31, 69, 177–79, 194, 301n49; manufacturing and, 77, 122, 162, 174, 185–86, 190, 279; marginal value and, 103, 224–28, 247; mercantilism and, 131–32; mergers and, 176, 178, 186–90, 197, 200, 202–3; monopsony and, 190, 199–201, 223, 234, 238–41, 255; open, 21–22, 24; as parallel processors, 282–86; passivity and, 171–72, 192, 196–97, 272, 274; Philosophical Radicals and, 4, 16, 20, 22–23, 95; power and, 6–8, 21, 25–28, 186, 190, 200, 234, 241, 255–56, 261, 271, 316n3; prices and, 278–80, 284–85; property and, 282; public goods and, 271; Quadratic Voting (QV) and, 122–23, 256, 272, 286, 304n36; Red Queen phenomenon and, 176–77, 184; scope of trade and, 122–23; sea power and, 131; Smith on, 16–17, 21–22; socialism and, 277–78, 281; stock, 8, 78, 171, 179, 181, 193, 211, 275; Stolper-Samuelson Theorem and, 142–43; tariffs and, 138, 266; technology and, 203, 286–87, 292; trade barriers and, 14; tragedy of the commons and, 44; without property, 40–45 Marx, Karl, 2, 19, 39, 46, 78, 137, 239–40, 277, 297n25 Means, Gardiner, 177–78, 183, 193–94 Mechanical Turk, 230–31, 234 Menger, Karl, 41, 47, 224 mercantilism, 96, 131–32 mergers, 176, 178, 186–90, 197, 200, 202–3 Mexico, 15, 139–41, 143, 148 micropayments, 210, 212 Microsoft, 2, 202, 209, 211, 219, 231, 238–39, 315n46 Milgrom, Paul, 50, 71 Mill, James, 35, 96 Mill, John Stuart, 4, 20, 96, 137 minorities: democracy and, 85–90, 93–97, 101, 106, 110; inequality and, 12, 14–15, 19, 23–27, 85–90, 93–97, 101, 106, 110, 181, 194, 273, 303n14, 304n36; religious, 87–88; tyrannies and, 23, 25, 88, 96–100, 106, 108; voting and, 303n14 mixed constitution, 84–85 Modern Corporation and Private Property, The (Berle and Means), 177–78 Modiface, 318n10 Mohammad, 131 monarchies, 85–86, 91, 95, 160 monopolies: American Tobacco Company and, 174; antitrust policies and, 23, 48, 174–77, 180, 184–86, 191, 197–203, 242, 255, 262, 286; Aristotle on, 172; capitalism and, 22–23, 34–39, 44, 46–49, 132, 136, 173, 177, 179, 199, 258, 262; Clayton Act and, 176–77, 197, 311n25; common ownership self-assessed tax (COST) and, 256–61, 270, 300n43; competition and, 174; consumers and, 175, 186, 197–98; corporate control and, 168–204; deadweight loss and, 173; democracy and, 125; Federal Trade Commission (FTC) and, 176, 186; feudalism and, 16, 34–35, 37, 41, 61, 68, 136, 230–33, 239; Gilded Age and, 174, 262; labor and, 132, 136, 243; land monopolization and, 42–43; legal issues and, 173–77, 196–99, 262; liberalism and, 6, 16, 21–23, 28; mergers and, 176, 178, 186–90, 197, 200, 202–3; natural, 48; prices and, 58–59, 179, 258, 300n43; problem of, 6, 34, 38–42, 48–52, 57, 66, 71, 196, 199, 298n7, 298n9, 299n28; property and, 34–39; Quadratic Voting (QV) and, 272; Radical Markets and, 172–79, 185, 190, 196, 199–204, 272; Red Queen phenomenon and, 176–77; resale price maintenance and, 200–201; robber barons and, 175, 199–200; Section 7 and, 196–97, 311n25; Sherman Antitrust Act and, 174, 262; Smith on, 173; Standard Oil Company and, 174–75; United States v.


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Chokepoint Capitalism by Rebecca Giblin, Cory Doctorow

Aaron Swartz, AltaVista, barriers to entry, Berlin Wall, Bernie Sanders, Big Tech, big-box store, Black Lives Matter, book value, collective bargaining, commoditize, coronavirus, corporate personhood, corporate raider, COVID-19, disintermediation, distributed generation, Fairchild Semiconductor, fake news, Filter Bubble, financial engineering, Firefox, forensic accounting, full employment, gender pay gap, George Akerlof, George Floyd, gig economy, Golden age of television, Google bus, greed is good, green new deal, high-speed rail, Hush-A-Phone, independent contractor, index fund, information asymmetry, Jeff Bezos, John Gruber, Kickstarter, laissez-faire capitalism, low interest rates, Lyft, Mark Zuckerberg, means of production, microplastics / micro fibres, Modern Monetary Theory, moral hazard, multi-sided market, Naomi Klein, Network effects, New Journalism, passive income, peak TV, Peter Thiel, precision agriculture, regulatory arbitrage, remote working, rent-seeking, ride hailing / ride sharing, Robert Bork, Saturday Night Live, shareholder value, sharing economy, Silicon Valley, SoftBank, sovereign wealth fund, Steve Jobs, Steven Levy, stock buybacks, surveillance capitalism, Susan Wojcicki, tech bro, tech worker, The Chicago School, The Wealth of Nations by Adam Smith, TikTok, time value of money, transaction costs, trickle-down economics, Turing complete, Uber and Lyft, uber lyft, union organizing, Vanguard fund, vertical integration, WeWork

In California, the fight to enshrine worker misclassification in law hit a peak in 2020, when gig economy companies spent an unprecedented $200 million to pass Proposition 22—outspending nearly all the races for actual seats in the state legislature combined.11 Predictably, California businesses started firing their “essential” workers within weeks of its passage, replacing them with scabs whose boss was an app.12 As we go to press, Uber and Lyft are leading a charge to spend $100 million to put a Prop 22–style measure on the ballot in Massachusetts for the 2022 mid-term elections (one spot of good news: a drafting error in California’s Prop 22 led to a court’s invalidating the measure, though the state Supreme Court was yet to rule on the appeal as we went to press).

Press, “Amazon, Vanguard of Class War,” This Machine Kills, ep. 62, podcast audio, Apr. 21, 2021, https://soundcloud.com/thismachinekillspod/62-amazon-vanguard-of-class-war-ft-alex-n-press. 11. George Skelton, “It’s No Wonder Hundreds of Millions Have Been Spent on Prop. 22. A Lot Is at Stake,” Los Angeles Times, Oct. 16, 2020, https://www.latimes.com/california/story/2020-10-16/skelton-proposition-22-uber-lyft-independent-contractors. 12. Mike Dickerson, “Vons, Pavilions to Fire ‘Essential Workers,’ Replace Drivers with Independent Contractors,” Knock LA, Jan. 4, 2021, https://knock-la.com/vons-fires-delivery-drivers-prop-22-e899ee24ffd0. 13. Board of Governors of the Federal Reserve System, “Report on the Economic Well-Being of U.S.

., 50 Discovery Network, 215 Disney, 2, 161–62, 172, 212–13 Doctorow, Cory, 34, 116, 227 domain spoofing, 49 DoorDash, 166–67 DOS, 201 DRM (digital rights management), 25–28, 33–34, 37–38, 119, 120, 121 Drummond, David, 127 Dryhurst, Mat, 67, 220, 238 eBay, 40 ebooks market, 24–33, 37–38, 238 ecology movement, 251 economic rents, 118–21 The Economics of Imperfect Competition (Robinson), 10 Ek, Daniel, 84 Electronic Frontier Foundation, 202, 209 Epic Games, 115–18, 119–20 Epidemic Sound, 81–82 European Union: App Drivers and Couriers Union, 171; competition regulation, 233–34; Copyright Directive (2019), 195; dispute resolution, 166–67; General Data Protection Regulation (GDPR), 136–39, 144, 171, 231; payment data disclosure, 162, 164; press publishers’ right, 233–34; pro-creator policies, 257; remuneration legislation, 214 The Everything Store (Stone), 21 Excel, 201 Facebook, 2, 18, 45–51 Fairchild Semiconductor, 165–66 Fair Labor Standards Act, 150 fair use/dealing, 130, 189 film scoring, 215 Forbes, 47 Fortnite Battle Royale, 115–18 Foster, Alan Dean, 161–62, 212–13, 215 France, 233 freedom of contract, 184 free market, 118–21 Freire, Paulo, 237 Friedman, Milton, 152, 153, 252 Frisch, Kevin, 48 Game Workers Unite (GWU), 239 gaming industry, 115–18, 239 Gates, Rebecca, 3 Gateway, 201 Gaye, Marvin, 63–64 Gazelle Project, 21 General Data Protection Regulation (GDPR), 136–39, 144, 231 geography, and labor market, 15–16 Germany, 214 Getty Images, 229 Gibbs, Melvin, 3 Giblin, Rebecca, 186, 187, 193, 194 gig economy companies, 249 Gilded Age, 178–79 Gioia, Ted, 64 Glatt, Zoë, 133 Glazier, Mitch, 186 Goldenfein, Jake, 235 Goodman, David, 106, 175, 176 Google: about, 2, 7, 10, 15, 18; in Australia, 235; Content ID system, 129–35; and Epic Games, 116, 117; and General Data Protection Regulation (GDPR), 136–39; news and advertising, 42–45; News Showcase, 234; streaming share, 83; third-party cookies, 232; YouTube acquisition, 125–29, 134 Google Classroom, 210 Green, Joshua, 124 Green, Matthew, 209 Hachette, 23, 28 Haggard, Merle, 166 Harcourt, Amanda, 70, 83 hate, and profits, 95 health insurance, 249, 256 Herndon, Holly, 66–67 Hind, Dan, 244 hip-hop, 61 horizontal integration, 45, 46, 57, 69–70, 97 Howard, George, 82 HP, 199 Huang, Andrew, 209 Hundt, Reed, 90 Hurley, Chad, 124, 128 Hwang, Tim, 46, 50 IBM, 149, 201 ICM Partners, 104 iHeartMedia, 18, 56, 90, 91, 94 Imeem, 133 independent cinema, 242 indyreads, 241–42 information, 14 Intel, 166 International Confederation of Authors and Composers Society, 67 interoperability: adversarial, 201–3; competitive compatibility (comcom), 202–4, 206–11; computer universality, 197–99; digital lock-in, 196–97; DMCA and, 199; as essential, 120; interoperator’s defense, 210; mandated, 204–6; physical lock-in, 196; video streaming, 198; virtual machines, 198; voluntary, 200–201 iWork, 202 Japan Fair Trade Commission, 258 Jay-Z, 2, 160 Jennings, Tom, 201 Jensen, Rich, 237 job guarantees, 251–56 Johannessen, Chip, 105 Johnson, Dennis, 21–22 Johnson, Paul, 78 Kanopy, 242 Kanter, Jonathan, 147 Karim, Jawed, 124 Karp, Irwin, 184 Kates, Mark, 62 Keating, Zoë, 66, 68 Kelten, Stephanie, 255 Khan, Lina, 6, 147 Kindle ebook store, 26–34, 37–38 Kindle Unlimited, 159–60 Kirkwood, John, 173 Klein, Naomi, 152, 254 Knowledge Ecology International, 153 Kobalt, 73 Kowal, Mary Robinette, 212–13 Kun, Josh, 59 labor, 5–6, 253–54 labor, job guarantees, 251–56 labor market and geography, 15–16 LaPolt, Dina, 61 lending right, public, 242–44 Leonard, Christopher, 96 leveraged buyouts, 91–93 libraries, 35–36, 241–44 Linda, Solomon, 188 “The Lion Sleeps Tonight” (song), 188 literary agents, 23 litigation costs, 166–67 live music industry: grind and difficulties of, 97–98; Live Nation consolidation of, 98–103; scalping, 98, 100 Live Nation: about, 2, 18, 56; antitrust remedies, 148; domination of industry, 97–103 Livingstone, Bruce, 229 local public ownership models, 239–42 location data, 50 Lofgren, Zoe, 209 Lotus 1-2-3, 201 Love, Courtney, 53 Love, James, 153 Lovett, Lyle, 53 Lyft, 249 Lynn, Barry, 22 Lynskey, Orla, 15 Macmillan, 30 Maker Studios, 133 Malamud, Carl, 130 mandated interoperability, 204–6 Manne Seminars, 103 market power, 13–14 Marrakesh Treaty to Facilitate Access to Published Works for Persons Who Are Blind, Visually Impaired or Otherwise Print Disabled, 153 Marshall, Josh, 43 Marx, Paris, 239 May, Susan, 154, 156, 158–59 Medicare for All, 256 Meese, James, 232, 235 Melville House Publishing, 21–22 Merlin, 71–72, 77 # Me Too, 47 Microchip Technology, 166 Microsoft, 201 middlemen, 46 Mills, Martin, 59 Minogue, Kylie, 3 moats, corporate, 6–7, 136 monopolies, 3–6, 9–10, 11–12, 118–19, 146, 256–59; maintenance of monopoly, 58 Monopolized!


pages: 361 words: 81,068

The Internet Is Not the Answer by Andrew Keen

"World Economic Forum" Davos, 3D printing, A Declaration of the Independence of Cyberspace, Airbnb, AltaVista, Andrew Keen, AOL-Time Warner, augmented reality, Bay Area Rapid Transit, Berlin Wall, Big Tech, bitcoin, Black Swan, Bob Geldof, Boston Dynamics, Burning Man, Cass Sunstein, Charles Babbage, citizen journalism, Clayton Christensen, clean water, cloud computing, collective bargaining, Colonization of Mars, computer age, connected car, creative destruction, cuban missile crisis, data science, David Brooks, decentralized internet, DeepMind, digital capitalism, disintermediation, disruptive innovation, Donald Davies, Downton Abbey, Dr. Strangelove, driverless car, Edward Snowden, Elon Musk, Erik Brynjolfsson, fail fast, Fall of the Berlin Wall, Filter Bubble, Francis Fukuyama: the end of history, Frank Gehry, Frederick Winslow Taylor, frictionless, fulfillment center, full employment, future of work, gentrification, gig economy, global village, Google bus, Google Glasses, Hacker Ethic, happiness index / gross national happiness, holacracy, income inequality, index card, informal economy, information trail, Innovator's Dilemma, Internet of things, Isaac Newton, Jaron Lanier, Jeff Bezos, job automation, John Perry Barlow, Joi Ito, Joseph Schumpeter, Julian Assange, Kevin Kelly, Kevin Roose, Kickstarter, Kiva Systems, Kodak vs Instagram, Lean Startup, libertarian paternalism, lifelogging, Lyft, Marc Andreessen, Mark Zuckerberg, Marshall McLuhan, Martin Wolf, Mary Meeker, Metcalfe’s law, military-industrial complex, move fast and break things, Nate Silver, Neil Armstrong, Nelson Mandela, Network effects, new economy, Nicholas Carr, nonsequential writing, Norbert Wiener, Norman Mailer, Occupy movement, packet switching, PageRank, Panopticon Jeremy Bentham, Patri Friedman, Paul Graham, peer-to-peer, peer-to-peer rental, Peter Thiel, plutocrats, Potemkin village, power law, precariat, pre–internet, printed gun, Project Xanadu, RAND corporation, Ray Kurzweil, reality distortion field, ride hailing / ride sharing, Robert Metcalfe, Robert Solow, San Francisco homelessness, scientific management, Second Machine Age, self-driving car, sharing economy, Sheryl Sandberg, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, Skype, smart cities, Snapchat, social web, South of Market, San Francisco, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, subscription business, TaskRabbit, tech bro, tech worker, TechCrunch disrupt, Ted Nelson, telemarketer, The future is already here, The Future of Employment, the long tail, the medium is the message, the new new thing, Thomas L Friedman, Travis Kalanick, Twitter Arab Spring, Tyler Cowen, Tyler Cowen: Great Stagnation, Uber for X, uber lyft, urban planning, Vannevar Bush, warehouse robotics, Whole Earth Catalog, WikiLeaks, winner-take-all economy, work culture , working poor, Y Combinator

Airbnb cofounder Brian Chesky describes the company as a platform of “trust” in which the reputations of guests and of hosts will be determined by feedback on the network.113 But Airbnb has been beset by such a scarcity of trust from the authorities that 15,000 New York City hosts were subpoenaed in May 2014 by New York State attorney general Eric Schneiderman because they may not have paid taxes on their rental incomes. Andreessen Horowitz has also ventured into the car-sharing market, where it is backing a 2012 San Francisco–based middleman called Lyft, a mobile phone app that enables peer-to-peer ride sharing. But the best-known startup in the transportation-sharing sector is Uber, a John Doerr–backed company that also has received a quarter-billion-dollar investment from Google Ventures. Founded in late 2009 by Travis Kalanick, by the summer of 2014 Uber was operating in 130 cities around the world, employing around 1,000 people, and, in a June 2014 investment round of $1.2 billion, was valued at $18.2 billion, a record for a private startup company.

The Alien Overlord Spaceships Outside the San Francisco hotel, the future had arrived and, to paraphrase William Gibson, it was distributed most unequally. Uber limousines lined up outside the club to whisk Silicon Valley’s successful young failures around town. Cars from rival transportation networks hovered hopefully around the hotel, too—companies like Lyft, Sidecar, and the fleet of me-too mobile-ride-hailing startups trying to out-Uber Travis Kalanick’s $18 billion market leader. Some of the people scrambling for a living as networked drivers were themselves aspiring entrepreneurs with billion-dollar startup ideas of their own.27 So even in these unlicensed cabs, it was impossible to get away from the pitches for the next WhatsApp, Airbnb, or Uber, which pitches, sadly, were mostly just a glorified form of begging.

“And the only people getting rich are the investors and executives.”9 The fabulously wealthy Silicon Valley investors, who will ride the startup till its inevitable IPO, love Uber, of course. “Uber is software [that] eats taxis. . . . It’s a killer experience,” you’ll remember Marc Andreessen enthused.10 Tragically, that’s all too true. On New Year’s Eve 2013, an Uber driver accidentally ran over and killed a six-year-old girl on the streets of San Francisco. Uber immediately deactivated what they call their “partner’s” account, saying that he “was not providing service on the Uber system during the time of the accident.”11 How generous. And happy 2014 to all our partners, Uber might have added. So much for shared responsibility in the sharing economy.


pages: 506 words: 133,134

The Lonely Century: How Isolation Imperils Our Future by Noreena Hertz

"Friedman doctrine" OR "shareholder theory", Airbnb, airport security, algorithmic bias, Asian financial crisis, autism spectrum disorder, Bernie Sanders, Big Tech, big-box store, Broken windows theory, call centre, Capital in the Twenty-First Century by Thomas Piketty, car-free, Cass Sunstein, centre right, conceptual framework, Copley Medal, coronavirus, correlation does not imply causation, COVID-19, dark matter, deindustrialization, Diane Coyle, digital divide, disinformation, Donald Trump, driverless car, emotional labour, en.wikipedia.org, Erik Brynjolfsson, Evgeny Morozov, fake news, Fellow of the Royal Society, future of work, gender pay gap, gentrification, gig economy, Gordon Gekko, greed is good, Greta Thunberg, happiness index / gross national happiness, housing crisis, illegal immigration, independent contractor, industrial robot, Jane Jacobs, Jeff Bezos, Jeremy Corbyn, Jessica Bruder, job automation, job satisfaction, karōshi / gwarosa / guolaosi, Kevin Roose, knowledge economy, labor-force participation, lockdown, longitudinal study, low interest rates, low skilled workers, Lyft, Mark Zuckerberg, mass immigration, means of production, megacity, meta-analysis, move fast and break things, Network effects, new economy, Pepto Bismol, QWERTY keyboard, Ray Oldenburg, remote working, rent control, RFID, robo advisor, Ronald Reagan, Salesforce, San Francisco homelessness, Second Machine Age, Shoshana Zuboff, side hustle, Silicon Valley, Skype, Snapchat, social distancing, Social Responsibility of Business Is to Increase Its Profits, SoftBank, Steve Jobs, surveillance capitalism, TaskRabbit, tech worker, The Death and Life of Great American Cities, The Future of Employment, The Great Good Place, the long tail, The Wealth of Nations by Adam Smith, TikTok, Tim Cook: Apple, Uber and Lyft, uber lyft, urban planning, Wall-E, warehouse automation, warehouse robotics, WeWork, work culture , working poor, workplace surveillance

bill_id=201920200AB5; ‘ABC is not as easy as 1-2-3 – Which independent contractor classification test applies to whom after AB5?’, Porter Simon, 19 December 2019, https://www.portersimon.com/abc-is-not-as-easy-as-1-2-3-which-independent-contractor-classification-test-applies-to-whom-after-ab5/. 69 Kate Conger, ‘California Sues Uber and Lyft, Claiming Workers Are Misclassified’, New York Times, 5 May 2020, https://www.nytimes.com/2020/05/05/technology/california-uber-lyft-lawsuit.html. 70 ‘3F reaches groundbreaking collective agreement with platform company Hilfr’, Uni Global Union, 18 September 2018, https://www.uniglobalunion.org/news/3f-reaches-groundbreaking-collective-agreement-platform-company-hilfr. 71 GMB Union, ‘Hermes and GMB in groundbreaking gig economy deal’, 4 February 2019, https://www.gmb.org.uk/news/hermes-gmb-groundbreaking-gig-economy-deal; see also Robert Wright, ‘Hermes couriers awarded union recognition in gig economy first’, Financial Times, 4 February 2019, https://www.ft.com/content/255950d2-264d-11e9-b329-c7e6ceb5ffdf. 72 Liz Alderman, ‘Amazon Loses Appeal of French Order to Stop Selling Nonessential Items’, New York Times, 24 April 2020, https://www.nytimes.com/2020/04/24/business/amazon-france-unions-coronavirus.html. 73 Even then, the kits took weeks to arrive, the ordering process was mired in bureaucracy, and the number of kits was limited.

New legislation approved by the European Parliament in April 2019, and a landmark bill passed in California that took effect in January 2020, make significant progress on these fronts.67 The California bill presumes a worker is an employee unless the employer can show that the worker is free from the control of the company, does work outside the company’s core business and has an independent enterprise in the same nature as the company.68 And in May 2020, California’s attorney general and a coalition of city attorneys in the state, frustrated that Uber and Lyft had not only not taken steps to reclassify their drivers but had also poured millions of dollars into a campaign for a ballot initiative that would exempt them from complying with the law, sued both the companies for wrongly classifying their drivers as independent contractors in violation of this new law.69 The case, at the time of writing, is ongoing.

, Ghost Work, November 2016, https://ghostwork.info/2016/11/spike-in-online-gig-work-flash-in-the-pan-or-future-of-employment/. 51 Thor Berger, Chinchih Chen, and Carl Frey, ‘Drivers of disruption? Estimating the Uber effect’, European Economic Review 110 (2018), 197–210, https://doi.org/10.1016/j.euroecorev.2018.05.006. 52 Professor Stephen Zoepf of MIT made a splash in March 2018 when he published findings that Uber drivers made an average of $3.37 per hour, a claim that Uber’s chief economist then refuted by challenging Zoepf’s methodology. However, after Zoepf acknowledged the validity of the criticism and recalculated his results, he came up with $8.55 instead – hardly a princely sum. See Lawrence Mishel, ‘Uber and the labor market’, Economic Policy Institute, 15 May 2018, https://www.epi.org/publication/uber-and-the-labor-market-uber-drivers-compensation-wages-and-the-scale-of-uber-and-the-gig-economy/. 53 This is of course in addition to the thousands of workers whose non-gig jobs also now depend heavily on customer ratings; when were you last asked to take a survey after getting off the phone with a customer-service representative?


pages: 272 words: 76,154

How Boards Work: And How They Can Work Better in a Chaotic World by Dambisa Moyo

"Friedman doctrine" OR "shareholder theory", activist fund / activist shareholder / activist investor, Airbnb, algorithmic trading, Amazon Web Services, AOL-Time Warner, asset allocation, barriers to entry, Ben Horowitz, Big Tech, bitcoin, Black Lives Matter, blockchain, Boeing 737 MAX, Bretton Woods, business cycle, business process, buy and hold, call centre, capital controls, carbon footprint, collapse of Lehman Brothers, coronavirus, corporate governance, corporate social responsibility, COVID-19, creative destruction, cryptocurrency, deglobalization, don't be evil, Donald Trump, fake news, financial engineering, gender pay gap, geopolitical risk, George Floyd, gig economy, glass ceiling, global pandemic, global supply chain, hiring and firing, income inequality, index fund, intangible asset, Intergovernmental Panel on Climate Change (IPCC), Jeff Bezos, knowledge economy, labor-force participation, long term incentive plan, low interest rates, Lyft, money: store of value / unit of account / medium of exchange, multilevel marketing, Network effects, new economy, old-boy network, Pareto efficiency, passive investing, Pershing Square Capital Management, proprietary trading, remote working, Ronald Coase, Savings and loan crisis, search costs, shareholder value, Shoshana Zuboff, Silicon Valley, social distancing, Social Responsibility of Business Is to Increase Its Profits, SoftBank, sovereign wealth fund, surveillance capitalism, The Nature of the Firm, Tim Cook: Apple, too big to fail, trade route, Travis Kalanick, uber lyft, Vanguard fund, Washington Consensus, WeWork, women in the workforce, work culture

However, the board must also consider a more threatening path, whereby a dip in auto sales reflects a fundamental decline in demand for car ownership, signaling that people may be more inclined to stop owning individual cars and instead use car-sharing schemes such as Uber or Lyft. The board’s analysis on this matter has real material value. As of May 2020, Uber’s market value of $60 billion was greater than that of General Motors and Ford combined, suggesting that investors may indeed see a more fundamental shift away from traditional car ownership. In making these judgments, the board and its management must combine a working knowledge of the business with data-driven analysis of company performance to judge the cyclicality of the different business units.

Research in Motion, the owner of BlackBerry, was acquired by a consortium of financial investors who have kept the company as a private entity trading under the BlackBerry name—albeit greatly reduced in size. From a peak of $19.9 billion in sales in 2011, BlackBerry fell to $932 million in 2018. The proliferation of the iPhone transformed the landscape for Nokia and BlackBerry, just as Airbnb has taken traditional hotels to task and Lyft and Uber have disrupted the transportation and car industries. It is impossible to know what actually transpires in the boardrooms of failing businesses, but later analyses often point toward slow reactions to changes in consumer trends and the competitive landscape, leaving a company to operate under flawed assumptions.

“Women CEOs in the Fortune 1000: By the Numbers.” Fortune, July 8, 2014. https://fortune.com/2014/07/08/women-ceos-fortune-500-1000/. Fast Company. “The World’s 50 Most Innovative Companies 2019.” www.fastcompany.com/most-innovative-companies/2019. Faulkner, Kristi. “Will Uber’s Brand Refresh Convince Women to Forgive Them?” Forbes, September 14, 2018. www.forbes.com/sites/kristifaulkner/2018/09/14/will-ubers-brand-refresh-convince-women-to-forgive-them/#6a1a45ee1e4d. Feeding America. “Hunger in America.” www.feedingamerica.org/hunger-in-america/facts. Financial Times. “Barrick Gold Corp.” Accessed August 16, 2019. https://markets.ft.com/data/equities/tearsheet/charts?


pages: 382 words: 105,819

Zucked: Waking Up to the Facebook Catastrophe by Roger McNamee

"Susan Fowler" uber, "World Economic Forum" Davos, 4chan, Albert Einstein, algorithmic trading, AltaVista, Amazon Web Services, Andy Rubin, barriers to entry, Bernie Sanders, Big Tech, Bill Atkinson, Black Lives Matter, Boycotts of Israel, Brexit referendum, Cambridge Analytica, carbon credits, Cass Sunstein, cloud computing, computer age, cross-subsidies, dark pattern, data is the new oil, data science, disinformation, Donald Trump, Douglas Engelbart, Douglas Engelbart, driverless car, Electric Kool-Aid Acid Test, Elon Musk, fake news, false flag, Filter Bubble, game design, growth hacking, Ian Bogost, income inequality, information security, Internet of things, It's morning again in America, Jaron Lanier, Jeff Bezos, John Markoff, laissez-faire capitalism, Lean Startup, light touch regulation, Lyft, machine readable, Marc Andreessen, Marc Benioff, Mark Zuckerberg, market bubble, Max Levchin, Menlo Park, messenger bag, Metcalfe’s law, minimum viable product, Mother of all demos, move fast and break things, Network effects, One Laptop per Child (OLPC), PalmPilot, paypal mafia, Peter Thiel, pets.com, post-work, profit maximization, profit motive, race to the bottom, recommendation engine, Robert Mercer, Ronald Reagan, Russian election interference, Sand Hill Road, self-driving car, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Skype, Snapchat, social graph, software is eating the world, Stephen Hawking, Steve Bannon, Steve Jobs, Steven Levy, Stewart Brand, subscription business, TED Talk, The Chicago School, The future is already here, Tim Cook: Apple, two-sided market, Uber and Lyft, Uber for X, uber lyft, Upton Sinclair, vertical integration, WikiLeaks, Yom Kippur War

With a range of new services catering to their needs, delivered by startups of their peers, the hipsters and bros eventually provoked a reaction. Tangible manifestations of their presence, like the luxury buses that took them to jobs at Google, Facebook, Apple, and other companies down in Silicon Valley, drew protests from peeved locals. An explosion of Uber and Lyft vehicles jammed the city’s streets, dramatically increasing commute times. Insensitive blog posts, inappropriate business behavior, and higher housing costs ensured that locals would neither forgive nor forget. * * * — ZUCK ENJOYED THE KIND OF privileged childhood one would expect for a white male whose parents were medical professionals living in a beautiful suburb.

In the mid-seventies and eighties, when the US first restructured its economy around information technology, tech enabled companies to eliminate layers of middle management, but the affected people were rapidly absorbed in more attractive sectors of the economy. That is no longer the case. The economy is creating part-time jobs with no benefits and no security—driving for Uber or Lyft, for example—but not creating jobs that support a middle-class lifestyle, in part because that has not been a priority. One opportunity for the government is to create tax incentives for tech businesses (and others) to retrain and create jobs for workers threatened by recent changes in the economy.

Department of, 200 Lange, Christian Lous, 1 Lanier, Jaron, 69, 129, 135 Lee, Yanghee, 179 Levchin, Max, 48 libertarianism, 43–45, 49, 102, 123 Licklider, J. C. R., 33 LinkedIn, 38, 48, 98, 104, 110, 173 local area networks (LANs), 35 Lofgren, Zoe, 221–27 Lotus Development, 27 Luján, Ben, 211 Lustig, Robert, 167 Lyft, 50, 263 Lynn, Barry, 155, 285–86 Macedonia, 125 magic, 82–83, 101 Maher, Katherine, 178 Makeoutclub, 55 March for Our Lives, 243, 250, 275 Marinelli, Louis, 114 Markey, Edward, 167 Match.com, 218 Mayfield Fund, 147 McCain, John, 207 McGinn, Tavis, 167–69, 172, 174 McGovern, George, 20 McKean, Erin, 230–31 McNamee, Ann, 5–6, 23, 159 McNamee, George, 22 McNamee, Roger, 18–30 as advisor to Zuckerberg, 1, 5, 13–16, 57–60, 64, 78 childhood of, 18–19 Elevation Partners firm of, 13–14, 17–18, 30, 61, 72, 147 email to Zuckerberg and Sandberg, 4–6, 149, 152, 160–61, 280, 297–300 heart surgery of, 29 at Integral Capital Partners, 27–28, 61 as investor in Facebook, 1, 17–18, 59 as investor in technology, 1, 7, 21, 24–30, 56–57 music career of, 8, 19, 22, 23, 25 op-ed for Recode, 5–7, 297–300 op-ed for USA Today, 118 parents of, 18–21 and Sandberg’s joining of Facebook, 5, 16, 60, 61 at Silver Lake Partners, 28–30 strokes suffered by, 29 at T.


pages: 829 words: 187,394

The Price of Time: The Real Story of Interest by Edward Chancellor

"World Economic Forum" Davos, 3D printing, activist fund / activist shareholder / activist investor, Airbnb, Alan Greenspan, asset allocation, asset-backed security, assortative mating, autonomous vehicles, balance sheet recession, bank run, banking crisis, barriers to entry, Basel III, Bear Stearns, Ben Bernanke: helicopter money, Bernie Sanders, Big Tech, bitcoin, blockchain, bond market vigilante , bonus culture, book value, Bretton Woods, BRICs, business cycle, capital controls, Capital in the Twenty-First Century by Thomas Piketty, Carmen Reinhart, carried interest, cashless society, cloud computing, cognitive dissonance, collapse of Lehman Brothers, collateralized debt obligation, commodity super cycle, computer age, coronavirus, corporate governance, COVID-19, creative destruction, credit crunch, Credit Default Swap, credit default swaps / collateralized debt obligations, crony capitalism, cryptocurrency, currency peg, currency risk, David Graeber, debt deflation, deglobalization, delayed gratification, Deng Xiaoping, Detroit bankruptcy, distributed ledger, diversified portfolio, Dogecoin, Donald Trump, double entry bookkeeping, Elon Musk, equity risk premium, Ethereum, ethereum blockchain, eurozone crisis, everywhere but in the productivity statistics, Extinction Rebellion, fiat currency, financial engineering, financial innovation, financial intermediation, financial repression, fixed income, Flash crash, forward guidance, full employment, gig economy, Gini coefficient, Glass-Steagall Act, global reserve currency, global supply chain, Goodhart's law, Great Leap Forward, green new deal, Greenspan put, high net worth, high-speed rail, housing crisis, Hyman Minsky, implied volatility, income inequality, income per capita, inflation targeting, initial coin offering, intangible asset, Internet of things, inventory management, invisible hand, Japanese asset price bubble, Jean Tirole, Jeff Bezos, joint-stock company, Joseph Schumpeter, junk bonds, Kenneth Rogoff, land bank, large denomination, Les Trente Glorieuses, liquidity trap, lockdown, Long Term Capital Management, low interest rates, Lyft, manufacturing employment, margin call, Mark Spitznagel, market bubble, market clearing, market fundamentalism, Martin Wolf, mega-rich, megaproject, meme stock, Michael Milken, Minsky moment, Modern Monetary Theory, Mohammed Bouazizi, Money creation, money market fund, moral hazard, mortgage debt, negative equity, new economy, Northern Rock, offshore financial centre, operational security, Panopticon Jeremy Bentham, Paul Samuelson, payday loans, peer-to-peer lending, pensions crisis, Peter Thiel, Philip Mirowski, plutocrats, Ponzi scheme, price mechanism, price stability, quantitative easing, railway mania, reality distortion field, regulatory arbitrage, rent-seeking, reserve currency, ride hailing / ride sharing, risk free rate, risk tolerance, risk/return, road to serfdom, Robert Gordon, Robinhood: mobile stock trading app, Satoshi Nakamoto, Satyajit Das, Savings and loan crisis, savings glut, Second Machine Age, secular stagnation, self-driving car, shareholder value, Silicon Valley, Silicon Valley startup, South Sea Bubble, Stanford marshmallow experiment, Steve Jobs, stock buybacks, subprime mortgage crisis, Suez canal 1869, tech billionaire, The Great Moderation, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, Thorstein Veblen, Tim Haywood, time value of money, too big to fail, total factor productivity, trickle-down economics, tulip mania, Tyler Cowen, Uber and Lyft, Uber for X, uber lyft, Walter Mischel, WeWork, When a measure becomes a target, yield curve

Dan Lyons, Disrupted: My Misadventure in the Start-Up Bubble (New York, 2017), p. 24. 36. Details of the Theranos story from John Carreyrou, Bad Blood: Secrets and Lies in a Silicon Valley Startup (London, 2019). 37. Hubert Horan, ‘Uber’s Path of Destruction’, American Affairs, 3 (2), Summer 2019. Uber was not the only loss-making ride-hailing app. Competitor Lyft came to the market in March 2019 with the largest loss, at $911 million, ever registered by an American start-up in the 12 months prior to its IPO. (Grant, ‘Standing on a Box’.) 38. Robert Cyran, ‘WeWork Offers Convincing Case to Avoid Its IPO’, Reuters Breakingviews, 14 August 2019. 39.

In his book The Zero Marginal Cost Society (2014), the social theorist Jeremy Rifkin heralded the passing of traditional capitalism.16 If the Old Economy was marked by scarcity and declining marginal returns, Rikfin argued that the New Economy was characterized by zero marginal costs, increasing returns to scale and capital-lite ‘sharing’ apps (such as Uber, Lyft, Airbnb, etc.). The demand for capital and interest rates, he said, were set to fall in this ‘economy of abundance’. There was some evidence to support Rifkin’s claims. The balance sheets of US companies showed they were using fewer fixed assets (factories, plant, equipment, etc.) and reporting more ‘intangibles’ – namely, assets derived from patents, intellectual property and merger premiums.

As one tech analyst commented: ‘The rise in unprofitable IPOs reflects the general preference in both public and private markets for growth over profitability.’18 Silicon Valley’s unicorns attracted higher valuations at each funding round, even as losses outpaced sales. A fortunate few, such as Uber and Lyft, made it to the public markets, where they jostled for attention with another company that had long promised, or rather over-promised, the imminent arrival of self-driving cars. In 2017, the market capitalization of Elon Musk’s Tesla Inc. accelerated past General Motors.19 Three years later, Tesla was valued at more than Toyota, even though the Japanese car maker produced over twenty times as many vehicles.


pages: 523 words: 61,179

Human + Machine: Reimagining Work in the Age of AI by Paul R. Daugherty, H. James Wilson

3D printing, AI winter, algorithmic management, algorithmic trading, AlphaGo, Amazon Mechanical Turk, Amazon Robotics, augmented reality, autonomous vehicles, blockchain, business process, call centre, carbon footprint, circular economy, cloud computing, computer vision, correlation does not imply causation, crowdsourcing, data science, deep learning, DeepMind, digital twin, disintermediation, Douglas Hofstadter, driverless car, en.wikipedia.org, Erik Brynjolfsson, fail fast, friendly AI, fulfillment center, future of work, Geoffrey Hinton, Hans Moravec, industrial robot, Internet of things, inventory management, iterative process, Jeff Bezos, job automation, job satisfaction, knowledge worker, Lyft, machine translation, Marc Benioff, natural language processing, Neal Stephenson, personalized medicine, precision agriculture, Ray Kurzweil, recommendation engine, RFID, ride hailing / ride sharing, risk tolerance, robotic process automation, Rodney Brooks, Salesforce, Second Machine Age, self-driving car, sensor fusion, sentiment analysis, Shoshana Zuboff, Silicon Valley, Snow Crash, software as a service, speech recognition, tacit knowledge, telepresence, telepresence robot, text mining, the scientific method, uber lyft, warehouse automation, warehouse robotics

Even if the entire mind of an AI system can’t be known, some insights into its inner workings can be very beneficial. Explainers should understand both what’s useful for people to see in a visualization and what’s important for the system to share. Minimize “Moral Crumple Zones” For services like Uber, Lyft, and Amazon’s Mechanical Turk, AI-based software is augmenting some management roles: it doles out tasks, gives feedback and ratings, and helps people track progress toward goals. AI-enhanced management is a necessary innovation if these companies’ business models are to scale and employ hundreds of thousands of people worldwide.

., 76 Laws of Robotics, 128–129 leadership, 14–15, 153–181, 213 blended culture and, 166–174 data supply chains and, 174–179 in enterprise processes, 58–59 in manufacturing, 38 in marketing and sales, 100 in normalizing AI, 190–191 in R&D, 83 in reimagining processes, 154, 180–181 learning deep reinforcement, 21–22 distributed, 22 reinforcement, 62 in robotic arms, 24–26 semi-supervised, 62 sensors and, 24–26 supervised, 60 unsupervised, 61–62 See also machine-learning technologies Leefeldt, Ed, 99 Lee Hecht Harrison, 199 legal issues. See ethical, moral, legal issues Lenovo, 76 LinkedIn, 51, 198 Local Interpretable Model-Agnostic Explanations (LIME), 125 local search capabilities, 63 logistics, 31 L’Oreal, 31 Lowebot, 91 Lowe’s, 91 Lyft, 169 machine-learning technologies in agriculture, 35–37 in complaint processes, 47–48 definition of, 60 ethics and, 130–131 glossary on, 60–63 history of, 24, 41–44 job creation and, 11 in marketing and sales, 10–11 in onboarding machines, 27 in robotic arms, 21–23 supply chains and, 34 machine relations managers, 11, 131–132 machine time, 187 machine-vision algorithms, 32–33 maintenance, 183–184 AI-enabled, 26–27, 29 augmentation in, 143 at GE, 27, 29 management, 12, 152 administration responsibility and, 169–172 ethics compliance, 79, 129–130 in normalizing AI, 190–191 of process reimagining, 108–109 mannequins, 89, 90, 100 manufacturing job creation in, 20 jobs lost in, 19 trainers in, 116–117 unfilled jobs in, 210 marketing and sales, 10–11, 85–101 brands and, 87, 92–97 data analytics in, 98 empowering salespeople in, 90, 92 personalization in, 86, 89–90, 91, 96–97 staffing and, 88–89 Mars Exploration Rovers, 200–201 Masnick, Mike, 49 Matternet, 151 Matthews, Kayla, 198 Mayhem, 57 Mayo Clinic, 188 McCarthy, John, 40, 41 Mechanical Turk, 169 MELDS (mindset, experimentation, leadership, data, skills) principles, 12–16.

In a sign of the times, AlphaGo exhibited moves that were so unexpected that some observers deemed them to actually be creative and even “beautiful.”c The growth of AI and machine learning has been intermittent over the decades, but the way that they’ve crept into products and business operations in recent years shows that they’re more than ready for prime time. According to Danny Lange, former head of machine learning at Uber, the technology has finally broken out of the research lab and is fast becoming “the cornerstone of business disruption.”d a. “Artificial Intelligence and Life in 2030,” Stanford One Hundred Year Study on Artificial Intelligence (AI100), September 2016, https://ai100.stanford.edu/sites/default/files/ai_100_report_0831fnl.pdf.


pages: 297 words: 88,890

Can't Even: How Millennials Became the Burnout Generation by Anne Helen Petersen

Affordable Care Act / Obamacare, Airbnb, Amazon Mechanical Turk, American ideology, big-box store, Cal Newport, call centre, cognitive load, collective bargaining, COVID-19, David Brooks, death from overwork, delayed gratification, do what you love, Donald Trump, financial independence, future of work, gamification, gig economy, Gordon Gekko, helicopter parent, imposter syndrome, Inbox Zero, independent contractor, Jeff Bezos, job satisfaction, karōshi / gwarosa / guolaosi, knowledge economy, knowledge worker, late capitalism, longitudinal study, Lyft, Mark Zuckerberg, McMansion, Minecraft, move fast and break things, precariat, remote working, ride hailing / ride sharing, Ronald Reagan, school choice, sharing economy, side hustle, Silicon Valley, Silicon Valley ideology, Skype, Snapchat, Steve Jobs, TaskRabbit, TikTok, uber lyft, unpaid internship, upwardly mobile, urban planning, Vanguard fund, work culture , working poor, workplace surveillance

It “confuses categories such as innovation and lawlessness, work and consumption, algorithms and managers, neutrality and control, sharing and employment.”18 The number of Americans who’ve actually driven for Uber is proportionally small. But the changes it set in motion are slowly infiltrating the rest of the economy and our everyday lives—especially those who, in any capacity, rely on the gig economy. Like so many other startup companies of the post-recession era, Uber was founded on the premise of disruption: taking an old industry, oftentimes one that was a bit clunky, and analog, but that paid its workers a living wage, and using digital technologies to change it into something sleeker, easier, and cheaper that would funnel money to the disrupting company. Uber, along with Lyft, Juno, and a handful of other ride-hailing companies, disrupted what has traditionally been known as the “livery” business: picking people up and taking them places.

Instead, these jobs have created what the tech columnist Farhad Manjoo calls “a permanent digital underclass,” both in the United States and around the world, “who will toil permanently without decent protections.”19 That’s because, at least at Uber, the tens of thousands of people who drove for the company weren’t even considered employees. In external messaging, Uber’s posture toward these men and women remained steady: The drivers were, in fact, a sort of customer. The app merely connected one set of customers, in need of rides, with another set of customers, willing to provide it. As Sarah Kessler, author of Gigged, points out, “Uber merely took a trend among corporations—employing as few people as possible—and adapted it for the smartphone era.”20 After all, actually hiring employees, even if you’re just paying minimum wage, is “expensive”—and requires the company to take on all sorts of responsibilities.

When you’re a startup burning through millions in venture capital, the goal is growth, always growth, and responsibility is an impediment to growth. Uber solved the problem by calling their employees “customers” and by officially designating them as “independent contractors.” “Independence” meant those who drove for Uber could make their own schedule, had no real boss, and worked for themselves. But it also meant these pseudo-employees had no right to unionize, and Uber had no responsibility to train them or provide benefits. Gig economies lured workers with a promise of that independence—with work that could actually bend to fit our lives, our children’s schedules, our other responsibilities.


pages: 457 words: 128,838

The Age of Cryptocurrency: How Bitcoin and Digital Money Are Challenging the Global Economic Order by Paul Vigna, Michael J. Casey

Airbnb, Alan Greenspan, altcoin, Apple Newton, bank run, banking crisis, bitcoin, Bitcoin Ponzi scheme, blockchain, Bretton Woods, buy and hold, California gold rush, capital controls, carbon footprint, clean water, Cody Wilson, collaborative economy, collapse of Lehman Brothers, Columbine, Credit Default Swap, cross-border payments, cryptocurrency, David Graeber, decentralized internet, disinformation, disintermediation, Dogecoin, driverless car, Edward Snowden, Elon Musk, Ethereum, ethereum blockchain, fiat currency, financial engineering, financial innovation, Firefox, Flash crash, Ford Model T, Fractional reserve banking, Glass-Steagall Act, hacker house, Hacker News, Hernando de Soto, high net worth, informal economy, intangible asset, Internet of things, inventory management, Joi Ito, Julian Assange, Kickstarter, Kuwabatake Sanjuro: assassination market, litecoin, Long Term Capital Management, Lyft, M-Pesa, Marc Andreessen, Mark Zuckerberg, McMansion, means of production, Menlo Park, mobile money, Money creation, money: store of value / unit of account / medium of exchange, Nelson Mandela, Network effects, new economy, new new economy, Nixon shock, Nixon triggered the end of the Bretton Woods system, off-the-grid, offshore financial centre, payday loans, Pearl River Delta, peer-to-peer, peer-to-peer lending, pets.com, Ponzi scheme, prediction markets, price stability, printed gun, profit motive, QR code, RAND corporation, regulatory arbitrage, rent-seeking, reserve currency, Robert Shiller, Ross Ulbricht, Satoshi Nakamoto, seigniorage, shareholder value, sharing economy, short selling, Silicon Valley, Silicon Valley startup, Skype, smart contracts, special drawing rights, Spread Networks laid a new fibre optics cable between New York and Chicago, Steve Jobs, supply-chain management, Ted Nelson, The Great Moderation, the market place, the payments system, The Wealth of Nations by Adam Smith, too big to fail, transaction costs, tulip mania, Turing complete, Tyler Cowen, Tyler Cowen: Great Stagnation, Uber and Lyft, uber lyft, underbanked, Vitalik Buterin, WikiLeaks, Y Combinator, Y2K, zero-sum game, Zimmermann PGP

David Johnston is a senior board member at the Mastercoin Foundation, the body that coordinates the funding for the Mastercoin project, which offers a special software platform for developers to design special decentralized applications that can run on top of the bitcoin blockchain. He says blockchain technology “will supercharge the sharing economy,” that emerging trend in which apartment owners use Airbnb.com to rent out quasi hotel rooms and car owners sign up as self-employed taxidrivers for smartphone-based Uber and Lyft. The idea is that if we can decentralize the economy and foster multiple forms of peer-to-peer exchanges, people will figure out profitable ways to turn much of what they own or control into a marketable service. Johnston is known for having coined the term DApp, for “decentralized autonomous application,” to describe the kind of specialized software programs that could thrive in blockchain-based settings.

Got a big idea? Share it online and raise the money online to fund it. Business symbols of this era so far include the personal-apartment rental site Airbnb, the crowdfunding site Kickstarter, the peer-to-peer lending network Lending Club, and the taxi services controlled by individual car owners Uber and Lyft. In some respects these new business models are extensions of a process that began far earlier with the advent of the Internet. While no self-respecting bitcoiner would ever describe Google or Facebook as decentralized institutions, not with their corporate-controlled servers and vast databases of customers’ personal information, these giant Internet firms of our day got there by encouraging peer-to-peer and middleman-free activities.

Unlike a blockchain model, the lending is done in a centralized way in which the investor must trust the company itself, but the middleman-less mechanism has some of the same effects as projects touted by cryptocurrency advocates. Other big companies are also looking to figure out an adaptive response to the onset of new crowd- and sharing-based business models such as those employed by Uber, Airbnb, and Lyft. Silicon Valley–based Crowd Companies, which advises old-world companies on how to survive in this new economy, boasts an impressive list of clients, among them Visa, Home Depot, Hyatt, General Electric, Walmart, Coca-Cola, and FedEx. All are trying to figure out how to adapt their businesses to a centerless economy.


pages: 511 words: 132,682

Competition Overdose: How Free Market Mythology Transformed Us From Citizen Kings to Market Servants by Maurice E. Stucke, Ariel Ezrachi

"Friedman doctrine" OR "shareholder theory", affirmative action, Airbnb, Alan Greenspan, Albert Einstein, Andrei Shleifer, behavioural economics, Bernie Sanders, Boeing 737 MAX, Cambridge Analytica, Cass Sunstein, choice architecture, cloud computing, commoditize, corporate governance, Corrections Corporation of America, Credit Default Swap, crony capitalism, delayed gratification, disinformation, Donald Trump, en.wikipedia.org, fake news, Garrett Hardin, George Akerlof, gig economy, Glass-Steagall Act, Goldman Sachs: Vampire Squid, Google Chrome, greed is good, hedonic treadmill, incognito mode, income inequality, income per capita, independent contractor, information asymmetry, invisible hand, job satisfaction, labor-force participation, late fees, loss aversion, low skilled workers, Lyft, mandatory minimum, Mark Zuckerberg, market fundamentalism, mass incarceration, Menlo Park, meta-analysis, Milgram experiment, military-industrial complex, mortgage debt, Network effects, out of africa, Paradox of Choice, payday loans, Ponzi scheme, precariat, price anchoring, price discrimination, profit maximization, profit motive, race to the bottom, Richard Thaler, ride hailing / ride sharing, Robert Bork, Robert Shiller, Ronald Reagan, search costs, shareholder value, Sheryl Sandberg, Shoshana Zuboff, Silicon Valley, Snapchat, Social Responsibility of Business Is to Increase Its Profits, Stanford prison experiment, Stephen Hawking, sunk-cost fallacy, surveillance capitalism, techlash, The Chicago School, The Market for Lemons, The Myth of the Rational Market, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, Thomas Davenport, Thorstein Veblen, Tim Cook: Apple, too big to fail, Tragedy of the Commons, transaction costs, Uber and Lyft, uber lyft, ultimatum game, Vanguard fund, vertical integration, winner-take-all economy, Yochai Benkler

Median net worth of Gen X households at the same age was about $15,100”). 14.Martha Ross and Natalie Holmes, “Meet the Millions of Young Adults Who Are Out of Work,” Brookings Institution, April 9, 2019, https://brook.gs/2UveFHI. 15.To illustrate how the digital economy can shift the risk from the powerful tech platforms to the worker, consider Uber and Lyft drivers. When the ride-sharing app enters into a new city, it needs to attract drivers. The first few drivers initially have a lot of power, as Uber and Lyft need to hold onto them (while recruiting even more drivers). They could possibly demand better wages. But as Uber and Lyft keep adding drivers, each driver now becomes slightly more expendable. As their numbers swell from a dozen to a few hundred and then a few thousand, each driver must compete even more fiercely for work, while each driver has even less power to negotiate for better wages and benefits. 16.Brief for the United States and the Federal Trade Commission as Amici Curiae in Support of Appellant and in Favor of Reversal, Chamber of Commerce of the United States of Am. v.

As for Generation Z (defined as those born in the mid-1990s to the early or mid-2000s) 17 percent of young adults ages eighteen to twenty-four are out of work in mid to large cities in the United States, totaling 2.3 million young people.14 They and future generations will likely join the swelling ranks of “precariats”—those clinging precariously to their current economic rung, while bearing ever greater risks in the digital economy.15 Should they try to organize to secure fairer wages, as many Uber and Lyft drivers attempted to do in Seattle in 2015, they can expect the government to intervene—and not on their behalf. Competition is inherently good, the FTC and DOJ will tell the court: Antitrust law “forbids independent contractors from collectively negotiating the terms of their engagement.”16 That’s price-fixing, which “is at the very core of the harms the antitrust laws seek to address.”17 Unionizing, which may be the only remedy left to the powerless, has also come under attack, in part for being anticompetitive—the very same rationale we saw that sent union leaders (and socialists) to jail under the Sherman Antitrust Act of 1890.

In 2018, far more Americans were fearful of computers replacing them in the workforce68 (30.7 percent) than in earlier years (25.3 percent in 2017 and 16.6 percent in 2016). Our fear of unemployment is justified when our safety net has too many holes: 52.9 percent of Americans in 2018 were afraid or very afraid of high medical bills.69 And our employment options are limited. The “gig” economy, like driving for Uber while renting out a bedroom on Airbnb, will not provide medical benefits and secure us financially in retirement. Avoiding corporate America is harder, as there are far fewer new businesses in the United States being created70 (as a share of the US economy) since the late 1970s. And even corporate America is getting smaller: Fewer public firms exist today in the United States than in the 1970s.


pages: 323 words: 90,868

The Wealth of Humans: Work, Power, and Status in the Twenty-First Century by Ryan Avent

3D printing, Airbnb, American energy revolution, assortative mating, autonomous vehicles, Bakken shale, barriers to entry, basic income, Bernie Sanders, Big Tech, BRICs, business cycle, call centre, Capital in the Twenty-First Century by Thomas Piketty, Clayton Christensen, cloud computing, collective bargaining, computer age, creative destruction, currency risk, dark matter, David Ricardo: comparative advantage, deindustrialization, dematerialisation, Deng Xiaoping, deskilling, disruptive innovation, Dissolution of the Soviet Union, Donald Trump, Downton Abbey, driverless car, Edward Glaeser, Erik Brynjolfsson, eurozone crisis, everywhere but in the productivity statistics, falling living standards, financial engineering, first square of the chessboard, first square of the chessboard / second half of the chessboard, Ford paid five dollars a day, Francis Fukuyama: the end of history, future of work, general purpose technology, gig economy, global supply chain, global value chain, heat death of the universe, hydraulic fracturing, income inequality, independent contractor, indoor plumbing, industrial robot, intangible asset, interchangeable parts, Internet of things, inventory management, invisible hand, James Watt: steam engine, Jeff Bezos, Jeremy Corbyn, John Maynard Keynes: Economic Possibilities for our Grandchildren, Joseph-Marie Jacquard, knowledge economy, low interest rates, low skilled workers, lump of labour, Lyft, machine translation, manufacturing employment, Marc Andreessen, mass immigration, means of production, new economy, performance metric, pets.com, post-work, price mechanism, quantitative easing, Ray Kurzweil, rent-seeking, reshoring, rising living standards, Robert Gordon, Robert Solow, Ronald Coase, savings glut, Second Machine Age, secular stagnation, self-driving car, sharing economy, Silicon Valley, single-payer health, software is eating the world, supply-chain management, supply-chain management software, tacit knowledge, TaskRabbit, tech billionaire, The Future of Employment, The Nature of the Firm, The Rise and Fall of American Growth, The Spirit Level, The Wealth of Nations by Adam Smith, trade liberalization, transaction costs, Tyler Cowen, Tyler Cowen: Great Stagnation, Uber and Lyft, Uber for X, uber lyft, very high income, warehouse robotics, working-age population

Today’s labour victories, when they occur, tend to come from straightforward issues for which it is easy to muster broad, passionate electoral support: policies such as a rise in the minimum wage or a reduction in immigration. The more complex negotiations that occurred a generation or two ago, when labour had a seat at the political table, tend not to occur any longer. That could change. Drivers for car-sharing firms, such as Uber and Lyft, are battling to unionize. Unionization could eventually come to other sectors of the economy in which large pools of on-demand labour sell their time through market-making apps as well. Unionization would yield uncertain direct benefits to workers within these firms, though. Short-run concessions wrung from ownership might simply accelerate the pace of automation: troublesome labour tends to encourage the deployment of robots, whether the setting is a factory in Shenzhen or a car on California streets.

The cleverness of the technology at work and the business model are such that the cost of cab rides to users is often lower than the cost of taking a traditional cab, while Uber drivers, according to one analysis at least, earn more money per hour than traditional drivers: about $19 per hour compared to roughly $13 per hour for taxi drivers as a whole. (Cheaper cab rides can occur alongside higher wages because Uber’s technology allows drivers to use their time more effectively.)6 The parallel is not perfect, however. Uber’s success rests on the clever sidestepping of taxicab and employment regulation (tricks that have earned it significant legal scrutiny and which may not survive sustained legal challenges).

Robots can’t walk around a messy room, but they can be programmed to make a precise series of welds over and over and over again. Uber is helping to make the occupation of taxi driver automatable, by turning many parts of the job – spotting a would-be passenger, figuring out the route, handling payment – over to an app, making the driver nothing more than a vehicle operator. With carmakers and tech firms making significant strides regarding the automation of that role, there will soon be nothing left for cabbies to do. Uber’s PR materials like to point out that the service is great for human drivers, offering them access to flexible, well-paid work. To investors, meanwhile, Uber emphasizes its desire to be a pioneer in the development of autonomous cab fleets.


pages: 185 words: 43,609

Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel, Blake Masters

Airbnb, Alan Greenspan, Albert Einstein, Andrew Wiles, Andy Kessler, Berlin Wall, clean tech, cloud computing, crony capitalism, discounted cash flows, diversified portfolio, do well by doing good, don't be evil, Elon Musk, eurozone crisis, Fairchild Semiconductor, heat death of the universe, income inequality, Jeff Bezos, Larry Ellison, Lean Startup, life extension, lone genius, Long Term Capital Management, Lyft, Marc Andreessen, Mark Zuckerberg, Max Levchin, minimum viable product, Nate Silver, Network effects, new economy, Nick Bostrom, PalmPilot, paypal mafia, Peter Thiel, pets.com, power law, profit motive, Ralph Waldo Emerson, Ray Kurzweil, self-driving car, shareholder value, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Singularitarianism, software is eating the world, Solyndra, Steve Jobs, strong AI, Suez canal 1869, tech worker, Ted Kaczynski, Tesla Model S, uber lyft, Vilfredo Pareto, working poor

Consider the Silicon Valley startups that have harnessed the spare capacity that is all around us but often ignored. Before Airbnb, travelers had little choice but to pay high prices for a hotel room, and property owners couldn’t easily and reliably rent out their unoccupied space. Airbnb saw untapped supply and unaddressed demand where others saw nothing at all. The same is true of private car services Lyft and Uber. Few people imagined that it was possible to build a billion-dollar business by simply connecting people who want to go places with people willing to drive them there. We already had state-licensed taxicabs and private limousines; only by believing in and looking for secrets could you see beyond the convention to an opportunity hidden in plain sight.

Kaczynski, Ted Karim, Jawed Karp, Alex, 11.1, 12.1 Kasparov, Garry Katrina, Hurricane Kennedy, Anthony Kesey, Ken Kessler, Andy Kurzweil, Ray last mover, 11.1, 13.1 last mover advantage lean startup, 2.1, 6.1, 6.2 Levchin, Max, 4.1, 10.1, 12.1, 14.1 Levie, Aaron lifespan life tables LinkedIn, 5.1, 10.1, 12.1 Loiseau, Bernard Long-Term Capital Management (LTCM) Lord of the Rings (Tolkien) luck, 6.1, 6.2, 6.3, 6.4 Lucretius Lyft MacBook machine learning Madison, James Madrigal, Alexis Manhattan Project Manson, Charles manufacturing marginal cost marketing Marx, Karl, 4.1, 6.1, 6.2, 6.3 Masters, Blake, prf.1, 11.1 Mayer, Marissa Medicare Mercedes-Benz MiaSolé, 13.1, 13.2 Michelin Microsoft, 3.1, 3.2, 3.3, 4.1, 5.1, 14.1 mobile computing mobile credit card readers Mogadishu monopoly, monopolies, 3.1, 3.2, 3.3, 5.1, 7.1, 8.1 building of characteristics of in cleantech creative dynamism of new lies of profits of progress and sales and of Tesla Morrison, Jim Mosaic browser music recording industry Musk, Elon, 4.1, 6.1, 11.1, 13.1, 13.2, 13.3 Napster, 5.1, 14.1 NASA, 6.1, 11.1 NASDAQ, 2.1, 13.1 National Security Agency (NSA) natural gas natural secrets Navigator browser Netflix Netscape NetSecure network effects, 5.1, 5.2 New Economy, 2.1, 2.2 New York Times, 13.1, 14.1 New York Times Nietzsche, Friedrich Nokia nonprofits, 13.1, 13.2 Nosek, Luke, 9.1, 14.1 Nozick, Robert nutrition Oedipus, 14.1, 14.2 OfficeJet OmniBook online pet store market Oracle Outliers (Gladwell) ownership Packard, Dave Page, Larry Palantir, prf.1, 7.1, 10.1, 11.1, 12.1 PalmPilots, 2.1, 5.1, 11.1 Pan, Yu Panama Canal Pareto, Vilfredo Pareto principle Parker, Sean, 5.1, 14.1 Part-time employees patents path dependence PayPal, prf.1, 2.1, 3.1, 4.1, 4.2, 4.3, 5.1, 5.2, 5.3, 8.1, 9.1, 9.2, 10.1, 10.2, 10.3, 10.4, 11.1, 11.2, 12.1, 12.2, 14.1 founders of, 14.1 future cash flows of investors in “PayPal Mafia” PCs Pearce, Dave penicillin perfect competition, 3.1, 3.2 equilibrium of Perkins, Tom perk war Perot, Ross, 2.1, 12.1, 12.2 pessimism Petopia.com Pets.com, 4.1, 4.2 PetStore.com pharmaceutical companies philanthropy philosophy, indefinite physics planning, 2.1, 6.1, 6.2 progress without Plato politics, 6.1, 11.1 indefinite polling pollsters pollution portfolio, diversified possession power law, 7.1, 7.2, 7.3 of distribution of venture capital Power Sellers (eBay) Presley, Elvis Priceline.com Prince Procter & Gamble profits, 2.1, 3.1, 3.2, 3.3 progress, 6.1, 6.2 future of without planning proprietary technology, 5.1, 5.2, 13.1 public opinion public relations Pythagoras Q-Cells Rand, Ayn Rawls, John, 6.1, 6.2 Reber, John recession, of mid-1990 recruiting, 10.1, 12.1 recurrent collapse, bm1.1, bm1.2 renewable energy industrial index research and development resources, 12.1, bm1.1 restaurants, 3.1, 3.2, 5.1 risk risk aversion Romeo and Juliet (Shakespeare) Romulus and Remus Roosevelt, Theodore Royal Society Russia Sacks, David sales, 2.1, 11.1, 13.1 complex as hidden to non-customers personal Sandberg, Sheryl San Francisco Bay Area savings scale, economies of Scalia, Antonin scaling up scapegoats Schmidt, Eric search engines, prf.1, 3.1, 5.1 secrets, 8.1, 13.1 about people case for finding of looking for using self-driving cars service businesses service economy Shakespeare, William, 4.1, 7.1 Shark Tank Sharma, Suvi Shatner, William Siebel, Tom Siebel Systems Silicon Valley, 1.1, 2.1, 2.2, 2.3, 5.1, 5.2, 6.1, 7.1, 10.1, 11.1 Silver, Nate Simmons, Russel, 10.1, 14.1 singularity smartphones, 1.1, 12.1 social entrepreneurship Social Network, The social networks, prf.1, 5.1 Social Security software engineers software startups, 5.1, 6.1 solar energy, 13.1, 13.2, 13.3, 13.4 Solaria Solyndra, 13.1, 13.2, 13.3, 13.4, 13.5 South Korea space shuttle SpaceX, prf.1, 10.1, 11.1 Spears, Britney SpectraWatt, 13.1, 13.2 Spencer, Herbert, 6.1, 6.2 Square, 4.1, 6.1 Stanford Sleep Clinic startups, prf.1, 1.1, 5.1, 6.1, 6.2, 7.1 assigning responsibilities in cash flow at as cults disruption by during dot-com mania economies of scale and foundations of founder’s paradox in lessons of dot-com mania for power law in public relations in sales and staff of target market for uniform of venture capital and steam engine Stoppelman, Jeremy string theory strong AI substitution, complementarity vs.

Suez Canal tablet computing technological advance technology, prf.1, 1.1, 1.2, 2.1, 2.2, 2.3 American fear of complementarity and globalization and proprietary technology companies terrorism Tesla Motors, 10.1, 13.1, 13.2 Thailand Theory of Justice, A (Rawls) Timberlake, Justin Time magazine Tolkien, J.R.R. Tolstoy, Leo Tom Sawyer (char.) Toyota Tumblr 27 Club Twitter, 5.1, 6.1 Uber Unabomber VCs, rules of “veil of ignorance” venture capital power law in venture fund, J-curve of successful, 7.1 vertical progress viral marketing Virgin Atlantic Airways Virgin Group Virgin Records Wagner Wall Street Journal Warby Parker Watson web browsers Western Union White, Phil Wiles, Andrew Wilson, Andrew Winehouse, Amy World Wide Web Xanadu X.com Yahoo!


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The Price of Tomorrow: Why Deflation Is the Key to an Abundant Future by Jeff Booth

3D printing, Abraham Maslow, activist fund / activist shareholder / activist investor, additive manufacturing, AI winter, Airbnb, Albert Einstein, AlphaGo, Amazon Web Services, artificial general intelligence, augmented reality, autonomous vehicles, basic income, bitcoin, blockchain, Bretton Woods, business intelligence, butterfly effect, Charles Babbage, Claude Shannon: information theory, clean water, cloud computing, cognitive bias, collapse of Lehman Brothers, Computing Machinery and Intelligence, corporate raider, creative destruction, crony capitalism, crowdsourcing, cryptocurrency, currency manipulation / currency intervention, dark matter, deep learning, DeepMind, deliberate practice, digital twin, distributed ledger, Donald Trump, Elon Musk, fiat currency, Filter Bubble, financial engineering, full employment, future of work, game design, gamification, general purpose technology, Geoffrey Hinton, Gordon Gekko, Great Leap Forward, Hyman Minsky, hype cycle, income inequality, inflation targeting, information asymmetry, invention of movable type, Isaac Newton, Jeff Bezos, John Maynard Keynes: Economic Possibilities for our Grandchildren, John von Neumann, Joseph Schumpeter, late fees, low interest rates, Lyft, Maslow's hierarchy, Milgram experiment, Minsky moment, Modern Monetary Theory, moral hazard, Nelson Mandela, Network effects, Nick Bostrom, oil shock, OpenAI, pattern recognition, Ponzi scheme, quantitative easing, race to the bottom, ride hailing / ride sharing, self-driving car, software as a service, technoutopianism, TED Talk, the long tail, the scientific method, Thomas Bayes, Turing test, Uber and Lyft, uber lyft, universal basic income, winner-take-all economy, X Prize, zero-sum game

As much as riders have benefitted from great new services, it is difficult to see how the ride-sharing companies, such as Uber or Lyft are going to make money in the future. The same key consideration for how to decrease their costs and increase their profits by removing drivers (automation) is going to make them compete against automotive manufacturers reinventing their models to stay in business. A utilization rate increase means less demand for automobiles. When manufacturers can give a choice of 1) a rides-on-demand service for a monthly fee or 2) an ability, when I purchase, to make extra dollars on my car when I’m not using it by adding my vehicle back to the network, what advantage do Uber and Lyft provide?

That curiosity, combined with a drive to create something better in the world, was the start of an incredible adventure as an entrepreneur, an adventure that has had me alongside and inside some of the top technology companies globally. An adventure that also allowed me to gain friendships and learnings in many countries all over the world. As my friend Thuan Pham, the chief technology officer of Uber, recently said to me over breakfast, “I am a firm believer that talent is distributed evenly around the world, but opportunities are not.” I wholeheartedly agree. If our success in life depends on what and how we learn, and the people and environment around us—and I believe it does—then I had a head start that not everyone in the world, or even everyone in developed countries, has access to.


pages: 194 words: 54,355

100 Things We've Lost to the Internet by Pamela Paul

2021 United States Capitol attack, 23andMe, Big Tech, coronavirus, COVID-19, emotional labour, financial independence, Google Earth, Jaron Lanier, John Perry Barlow, Kickstarter, lock screen, Lyft, Mark Zuckerberg, Minecraft, off-the-grid, pre–internet, QR code, QWERTY keyboard, rolodex, Rubik’s Cube, Silicon Valley, Snapchat, TaskRabbit, telemarketer, TikTok, trickle-down economics, Uber and Lyft, uber lyft, Wall-E

Sure, we may run into occasional trouble. Uber sometimes tries to pick you up somewhere you’re not. Google Maps isn’t infallible. We can still get lost, and the kids get to observe vicious three-way fights between Mom, Dad, and Siri. Mapping apps have optimized new ways to get from A to B that often forgo the major routes and thoroughfares so that the paths people are led down aren’t lined with the expected rest stops and road signs. You may be following directions and wind up on a twisty, disused road that feels all wrong. Formerly quiet residential streets are filled with late-night Lyfts hauling drunken teenagers.

It was the subject of arguments and the grudging taking of turns, and someone always ended up sidelined as party pooper. Still, the knowledge that someone, perhaps even just that one person, would need to exercise self-control and get everyone home safe at the end of the night conferred a certain degree of restraint to an evening, no matter how debauched. Now everyone can drink themselves silly. With Uber and Lyft ever ready, there’s no need to argue over who will be the designated driver. Teenagers don’t have to make humiliating calls home using their fake sober voice, pleading for their parents to fetch them because everyone left without them. Instead they can booze their way into oblivion and consume lord knows what other iffy intoxicants.

Have you ever been spoken to more viciously than you have on social media or been so vigorously upbraided for the merest of slights? It’s not just everyone else; let’s be honest, it’s us, too. Even within the confines of a text, have you sarcastically responded to someone else in a way you’d never dare to in person? You have. Among the unhappiest workers in the Internet economy—and between the Uber drivers and food app delivery people and the warehouse managers, the competition is stiff—are the comment moderators. Imagine being forced to tune in to this negativity all day: the attacks, the complaints, the loaded encounters and threats, not only from dedicated trolls but also from the mentally unstable and from the people just having a crappy morning.


pages: 284 words: 92,688

Disrupted: My Misadventure in the Start-Up Bubble by Dan Lyons

activist fund / activist shareholder / activist investor, Airbnb, Ben Horowitz, Bernie Madoff, Big Tech, bitcoin, Blue Bottle Coffee, call centre, Carl Icahn, clean tech, cloud computing, content marketing, corporate governance, disruptive innovation, dumpster diving, Dunning–Kruger effect, fear of failure, Filter Bubble, Golden Gate Park, Google Glasses, Googley, Gordon Gekko, growth hacking, hiring and firing, independent contractor, Jeff Bezos, Larry Ellison, Lean Startup, Lyft, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Mary Meeker, Menlo Park, minimum viable product, new economy, Paul Graham, pre–internet, quantitative easing, ride hailing / ride sharing, Rosa Parks, Salesforce, Sand Hill Road, sharing economy, Sheryl Sandberg, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, Skype, Snapchat, software as a service, South of Market, San Francisco, Stanford prison experiment, Steve Ballmer, Steve Jobs, Steve Wozniak, tech billionaire, tech bro, tech worker, TED Talk, telemarketer, tulip mania, uber lyft, Y Combinator, éminence grise

During my time at HubSpot, I was shocked to see how badly managed the company was and how packs of inexperienced twenty-something employees were being turned loose and given huge responsibility with little or no oversight. In the world of start-ups that is now the norm, not the exception. The consequences are just what you would expect. Employees at Uber, the ride-sharing company, have used a “God View” feature to stalk people using the service, including a BuzzFeed journalist. Re/code, a tech blog, claims other companies have done the same, including Lyft, a rival to Uber; Swipe, a photo-sharing app; and Basis, which makes a “health watch” that tracks people’s heart rates, sleep patterns, and other personal information. In the early days at Facebook, the young employees had a master password to gain access to anyone’s account, according to a book by a former Facebook employee.

We spend an hour listening to various lame ideas. One is called Uber-a-Marketer, and it’s a ripoff of a promotion that Uber did with a vaccine service, where you could have a nurse with a flu shot driven to your door. With Uber-a-Marketer, you’d pay some money, or win some kind of competition, and HubSpot would send one of its marketing people to your office and teach you how to do marketing. After all, we’re the best marketing team on the planet! People would kill to have us teach them about marketing! This idea actually generates some responses. But someone worries that Uber might not want to play ball with us. What happens then?

Think about how many hundreds of people churn in and out of a place like HubSpot, and you can see how the savings add up. Another way to drive down labor costs is to deny people employee status in the first place. Uber, the ride-sharing company, saves money by categorizing drivers as independent contractors rather than employees. Uber insists drivers prefer this because they enjoy more freedom. Uber and others in the “share economy” are creating a new form of serfdom, an underclass of quasi-employees who receive low pay and no benefits. As former secretary of labor Robert Reich put it in a June 2015 Facebook post: “The ‘share economy’ is bunk; it’s becoming a ‘share the scraps’ economy.”


pages: 282 words: 80,907

Who Gets What — and Why: The New Economics of Matchmaking and Market Design by Alvin E. Roth

Affordable Care Act / Obamacare, Airbnb, algorithmic trading, barriers to entry, behavioural economics, Berlin Wall, bitcoin, Build a better mousetrap, centralized clearinghouse, Chuck Templeton: OpenTable:, commoditize, computer age, computerized markets, crowdsourcing, deferred acceptance, desegregation, Dutch auction, experimental economics, first-price auction, Flash crash, High speed trading, income inequality, Internet of things, invention of agriculture, invisible hand, Jean Tirole, law of one price, Lyft, market clearing, market design, medical residency, obamacare, PalmPilot, proxy bid, road to serfdom, school choice, sealed-bid auction, second-price auction, second-price sealed-bid, Silicon Valley, spectrum auction, Spread Networks laid a new fibre optics cable between New York and Chicago, Steve Jobs, The Wealth of Nations by Adam Smith, two-sided market, uber lyft, undersea cable

When you order a car on Uber, you want to know not just that you will get a safe driver and that the car won’t be a wreck, but also that the car will arrive promptly. Just as important, before you download the Uber app on your smartphone, you want to know that the system won’t be buggy, slow, or inaccurate (that is, the car will be able to find you). And you want to be able to provide your personal information, including your credit card number, without worrying about identity theft. If the Uber app had fallen down in any of these areas, customers would have quickly purged it from their phones, and the company would never have survived. In much the same way, the Uber driver wants to know that you are reliable—that you won’t call a taxi without canceling your call to him and leave him looking for you, and that his charges will be properly paid after you leave the car.

So although limos worked fine for a scheduled trip to the airport or for a fleet of black cars for a conference, if you stepped outside and it was raining, or checked out of a hotel after a leisurely breakfast, hailing a taxi was much easier. Once again, smartphones changed all that. Now you can call a limo almost as easily as a taxi. So a lot of limos that once sat idle are now readily available. And that’s just the beginning. UberX and companies such as Lyft are even more like Airbnb: they are starting to make a market for the vacant passenger seats in private cars. Speed is of the essence in making these markets work differently than the “day ahead” market that already existed for limos. In some respects, these services are faster even than taxis: you don’t have to take time to pay when you reach your destination, since the same app through which you called the car will also pay the bill automatically through your credit card.

., 41, 42, 51, 208, 211 demand vs. supply for, 31, 205–7 disincentives for donations for, 209–10 exchange programs for, 8, 30–31, 206 algorithm for, 35–38, 39–41 benefits of, 51 chains in, extending, 35–36, 37–41 expanding, 210–12 first, 35 national level, 49–51 non-directed donors in, 35–38, 43–44, 52, 210–12 safe participation in, 34, 36, 37, 47–49, 51–52 trading cycles and design for, 32–41 financial interests in, 45–46, 50 hard and easy matches in, 47–49 living donors for, 41–46 national, 49–51 nonsimultaneous vs. simultaneous, 41–46 patient needs and preferences in, 34, 37 reimbursement systems for, 206–7, 208–10 selling organs for, 6, 12, 46, 203–7 legalization of, 208–9 thickening the market for, 49–51 Klein, Joel, 106, 107, 161 Kojima, Fuito, 149 Kozinski, Alex, 93, 95, 239 labor markets, 6 congestion in, 111 exploding offers in, 98–99 law firm recruiting and, 65–68 signaling in, 169–70, 173–75, 179–80 stable outcomes in clearinghouses for, 139–43 Lack, Jeremy, 106, 153, 160 laissez-faire, 7 languages, evolution of, 229–30 law clerks, 69–70 law firms, recruiting in, 65–68 Lee, Soohyung, 176–77 legal safeguards, 114–15 Leishman, Ruthanne, 37, 44, 50 Levey, Andy, 38–39 liquidity providers, 84 loans, charging interest on, 200–201, 202, 205 Louisiana State University, 65 Lyft, 104 Mad Men, 190 market design, 6–8, 13–14, 217–31 bad, persistence of, 223–26 based on participant culture and psychology, 78 central planning vs., 7, 149–50, 166–67 for coffee, 17–18 of college bowl games, 60–65 vs. control, 212–15 culture and, 78 expert guides in, 147–48 failures in, 52–53 failure to implement, 86, 88 for function, 12–13 gaining support for, 88–89 human behavior and, 52, 118 ongoing adjustments in, 52–53, 164–65, 222–23, 227–31 pervasiveness of, 15 reliable information in, 118 for restaurants, 217–20 solutions in, 133–34 trading cycles and, 32–41 markets and marketplaces barriers to entry in, 24 based on desires, 5 central planning vs., 7, 149–50 collective nature of, 229–31 commodity, 5 communication speed in, 99–106 congestion in, 9–10, 92–93, 99–112 connections among, 7, 22–24, 227 equilibrium in, 77 evolution of, 13–14 flexibility of, 149 free, 7, 12–13, 217, 226–28 as human artifacts, 212–15, 229–31 legal vs. illegal, 114–15 matching, 5–6 regulation of (See regulation) repugnant, 6, 11–12, 192, 195–215 safety of, 11, 113–30 simplicity of, 11, 26–27 thick, 8–9.


Super Thinking: The Big Book of Mental Models by Gabriel Weinberg, Lauren McCann

Abraham Maslow, Abraham Wald, affirmative action, Affordable Care Act / Obamacare, Airbnb, Albert Einstein, anti-pattern, Anton Chekhov, Apollo 13, Apple Newton, autonomous vehicles, bank run, barriers to entry, Bayesian statistics, Bernie Madoff, Bernie Sanders, Black Swan, Broken windows theory, business process, butterfly effect, Cal Newport, Clayton Christensen, cognitive dissonance, commoditize, correlation does not imply causation, crowdsourcing, Daniel Kahneman / Amos Tversky, dark pattern, David Attenborough, delayed gratification, deliberate practice, discounted cash flows, disruptive innovation, Donald Trump, Douglas Hofstadter, Dunning–Kruger effect, Edward Lorenz: Chaos theory, Edward Snowden, effective altruism, Elon Musk, en.wikipedia.org, experimental subject, fake news, fear of failure, feminist movement, Filter Bubble, framing effect, friendly fire, fundamental attribution error, Goodhart's law, Gödel, Escher, Bach, heat death of the universe, hindsight bias, housing crisis, if you see hoof prints, think horses—not zebras, Ignaz Semmelweis: hand washing, illegal immigration, imposter syndrome, incognito mode, income inequality, information asymmetry, Isaac Newton, Jeff Bezos, John Nash: game theory, karōshi / gwarosa / guolaosi, lateral thinking, loss aversion, Louis Pasteur, LuLaRoe, Lyft, mail merge, Mark Zuckerberg, meta-analysis, Metcalfe’s law, Milgram experiment, minimum viable product, moral hazard, mutually assured destruction, Nash equilibrium, Network effects, nocebo, nuclear winter, offshore financial centre, p-value, Paradox of Choice, Parkinson's law, Paul Graham, peak oil, Peter Thiel, phenotype, Pierre-Simon Laplace, placebo effect, Potemkin village, power law, precautionary principle, prediction markets, premature optimization, price anchoring, principal–agent problem, publication bias, recommendation engine, remote working, replication crisis, Richard Feynman, Richard Feynman: Challenger O-ring, Richard Thaler, ride hailing / ride sharing, Robert Metcalfe, Ronald Coase, Ronald Reagan, Salesforce, school choice, Schrödinger's Cat, selection bias, Shai Danziger, side project, Silicon Valley, Silicon Valley startup, speech recognition, statistical model, Steve Jobs, Steve Wozniak, Steven Pinker, Streisand effect, sunk-cost fallacy, survivorship bias, systems thinking, The future is already here, The last Blockbuster video rental store is in Bend, Oregon, The Present Situation in Quantum Mechanics, the scientific method, The Wisdom of Crowds, Thomas Kuhn: the structure of scientific revolutions, Tragedy of the Commons, transaction costs, uber lyft, ultimatum game, uranium enrichment, urban planning, vertical integration, Vilfredo Pareto, warehouse robotics, WarGames: Global Thermonuclear War, When a measure becomes a target, wikimedia commons

Consider the Silicon Valley startups that have harnessed the spare capacity that is all around us but often ignored. Before Airbnb, travelers had little choice but to pay high prices for a hotel room, and property owners couldn’t easily and reliably rent out their unoccupied space. Airbnb saw untapped supply and unaddressed demand where others saw nothing at all. The same is true of private car services Lyft and Uber. Few people imagined that it was possible to build a billion-dollar business by simply connecting people who want to go places with people willing to drive them there. We already had state-licensed taxicabs and private limousines; only by believing in and looking for secrets could you see beyond the convention to an opportunity hidden in plain sight.

If you realize that the concept of critical mass applies to this business, then you know that there is some threshold that needs to be reached before it could be viable. In this case, you need enough tools available for rent in a community to satisfy initial customer demand, much as you need enough Lyft drivers in a city for people to begin relying on the service. That is super thinking, because once you have determined that this business model can be partially explained through the lens of critical mass, you can start to reason about it at a higher level, asking and answering questions like these: What density of tools is needed to reach the critical mass point in a given area?

., 91 Kodak, 302–3, 308–10, 312 Koenigswald, Gustav Heinrich Ralph von, 50 Kohl’s, 15 Kopelman, Josh, 301 Korea, 229, 231, 235, 238 Kristof, Nicholas, 254 Krokodil, 49 Kruger, Justin, 269 Kuhn, Thomas, 24 Kutcher, Ashton, 121 labor market, 283–84 laggards, 116–17 landlords, 178, 179, 182, 188 Laplace, Pierre-Simon, 132 large numbers, law of, 143–44 Latané, Bibb, 259 late majority, 116–17 lateral thinking, 201 law of diminishing returns, 81–83 law of diminishing utility, 81–82 law of inertia, 102–3, 105–8, 110, 112, 113, 119, 120, 129, 290, 296 law of large numbers, 143–44 law of small numbers, 143, 144 Lawson, Jerry, 289 lawsuits, 231 leadership, 248, 255, 260, 265, 271, 275, 276, 278–80 learned helplessness, 22–23 learning, 262, 269, 295 from past events, 271–72 learning curve, 269 Le Chatelier, Henri-Louis, 193 Le Chatelier’s principle, 193–94 left to their own devices, 275 Leibniz, Gottfried, 291 lemons into lemonade, 121 Lernaean Hydra, 51 Levav, Jonathan, 63 lever, 78 leverage, 78–80, 83, 115 high-leverage activities, 79–81, 83, 107, 113 leveraged buyout, 79 leveraging up, 78–79 Levitt, Steven, 44–45 Levitt, Theodore, 296 Lewis, Michael, 289 Lichtenstein, Sarah, 17 lightning, 145 liking, 216–17, 220 Lincoln, Abraham, 97 Lindy effect, 105, 106, 112 line in the sand, 238 LinkedIn, 7 littering, 41, 42 Lloyd, William, 37 loans, 180, 182–83 lobbyists, 216, 306 local optimum, 195–96 lock-in, 305 lock in your gains, 90 long-term negative scenarios, 60 loose versus tight, in organizational culture, 274 Lorenz, Edward, 121 loss, 91 loss aversion, 90–91 loss leader strategy, 236–37 lost at sea, 68 lottery, 85–86, 126, 145 low-context communication, 273–74 low-hanging fruit, 81 loyalists versus mercenaries, 276–77 luck, 128 making your own, 122 luck surface area, 122, 124, 128 Luft, Joseph, 196 LuLaRoe, 217 lung cancer, 133–34, 173 Lyautey, Hubert, 276 Lyft, ix, 288 Madoff, Bernie, 232 magnetic resonance imaging (MRI), 291 magnets, 194 maker’s schedule versus manager’s schedule, 277–78 Making of Economic Society, The (Heilbroner), 49 mammograms, 160–61 management debt, 56 manager’s schedule versus maker’s schedule, 277–78 managing to the person, 255 Manhattan Project, 195 Man in the High Castle, The (Dick), 201 manipulative insincerity, 264 man-month, 279 Mansfield, Peter, 291 manufacturer’s suggested retail price (MSRP), 15 margin of error, 154 markets, 42–43, 46–47, 106 failure in, 47–49 labor, 283–84 market norms versus social norms, 222–24 market power, 283–85, 312 product/market fit, 292–96, 302 secondary, 281–82 winner-take-most, 308 marriage: divorce, 231, 305 same-sex, 117, 118 Maslow, Abraham, 177, 270–71 Maslow’s hammer, xi, 177, 255, 297, 317 Maslow’s hierarchy of needs, 270–71 mathematics, ix–x, 3, 4, 132, 178 Singapore math, 23–24 matrices, 2 × 2, 125–26 consensus-contrarian, 285–86, 290 consequence-conviction, 265–66 Eisenhower Decision Matrix, 72–74, 89, 124, 125 of knowns and unknowns, 197–98 payoff, 212–15, 238 radical candor, 263–64 scatter plot on top of, 126 McCain, John, 241 mean, 146, 149, 151 regression to, 146, 286 standard deviation from, 149, 150–51, 154 variance from, 149 measles, 39, 40 measurable target, 49–50 median, 147 Medicare, 54–55 meetings, 113 weekly one-on-one, 262–63 Megginson, Leon, 101 mental models, vii–xii, 2, 3, 31, 35, 65, 131, 289, 315–17 mentorship, 23, 260, 262, 264, 265 mercenaries versus loyalists, 276–77 Merck, 283 merry-go-round, 108 meta-analysis, 172–73 Metcalfe, Robert, 118 Metcalfe’s law, 118 #MeToo movement, 113 metrics, 137 proxy, 139 Michaels, 15 Microsoft, 241 mid-mortems, 92 Miklaszewski, Jim, 196 Milgram, Stanley, 219, 220 military, 141, 229, 279, 294, 300 milkshakes, 297 Miller, Reggie, 246 Mills, Alan, 58 Mindset: The New Psychology of Success (Dweck), 266 mindset, fixed, 266–67, 272 mindset, growth, 266–67 minimum viable product (MVP), 7–8, 81, 294 mirroring, 217 mission, 276 mission statement, 68 MIT, 53, 85 moats, 302–5, 307–8, 310, 312 mode, 147 Moltke, Helmuth von, 7 momentum, 107–10, 119, 129 Monday morning quarterbacking, 271 Moneyball (Lewis), 289 monopolies, 283, 285 Monte Carlo fallacy, 144 Monte Carlo simulation, 195 Moore, Geoffrey, 311 moral hazard, 43–45, 47 most respectful interpretation (MRI), 19–20 moths, 99–101 Mountain Dew, 35 moving target, 136 multiple discovery, 291–92 multiplication, ix, xi multitasking, 70–72, 74, 76, 110 Munger, Charlie, viii, x–xi, 30, 286, 318 Murphy, Edward, 65 Murphy’s law, 64–65, 132 Musk, Elon, 5, 302 mutually assured destruction (MAD), 231 MVP (minimum viable product), 7–8, 81, 294 Mylan, 283 mythical man-month, 279 name-calling, 226 NASA, 4, 32, 33 Nash, John, 213 Nash equilibrium, 213–14, 226, 235 National Football League (NFL), 225–26 National Institutes of Health, 36 National Security Agency, 52 natural selection, 99–100, 102, 291, 295 nature versus nurture, 249–50 negative compounding, 85 negative externalities, 41–43, 47 negative returns, 82–83, 93 negotiations, 127–28 net benefit, 181–82, 184 Netflix, 69, 95, 203 net present value (NPV), 86, 181 network effects, 117–20, 308 neuroticism, 250 New Orleans, La., 41 Newport, Cal, 72 news headlines, 12–13, 221 newspapers, 106 Newsweek, 290 Newton, Isaac, 102, 291 New York Times, 27, 220, 254 Nielsen Holdings, 217 ninety-ninety rule, 89 Nintendo, 296 Nobel Prize, 32, 42, 220, 291, 306 nocebo effect, 137 nodes, 118, 119 No Fly List, 53–54 noise and signal, 311 nonresponse bias, 140, 142, 143 normal distribution (bell curve), 150–52, 153, 163–66, 191 North Korea, 229, 231, 238 north star, 68–70, 275 nothing in excess, 60 not ready for prime time, 242 “now what” questions, 291 NPR, 239 nuclear chain reaction, viii, 114, 120 nuclear industry, 305–6 nuclear option, 238 Nuclear Regulatory Commission (NRC), 305–6 nuclear weapons, 114, 118, 195, 209, 230–31, 233, 238 nudging, 13–14 null hypothesis, 163, 164 numbers, 130, 146 large, law of, 143–44 small, law of, 143, 144 see also data; statistics nurses, 284 Oakland Athletics, 289 Obama, Barack, 64, 241 objective versus subjective, in organizational culture, 274 obnoxious aggression, 264 observe, orient, decide, act (OODA), 294–95 observer effect, 52, 54 observer-expectancy bias, 136, 139 Ockham’s razor, 8–10 Odum, William E., 38 oil, 105–6 Olympics, 209, 246–48, 285 O’Neal, Shaquille, 246 one-hundred-year floods, 192 Onion, 211–12 On the Origin of Species by Means of Natural Selection (Darwin), 100 OODA loop, 294–95 openness to experience, 250 Operation Ceasefire, 232 opinion, diversity of, 205, 206 opioids, 36 opportunity cost, 76–77, 80, 83, 179, 182, 188, 305 of capital, 77, 179, 182 optimistic probability bias, 33 optimization, premature, 7 optimums, local and global, 195–96 optionality, preserving, 58–59 Oracle, 231, 291, 299 order, 124 balance between chaos and, 128 organizations: culture in, 107–8, 113, 273–80, 293 size and growth of, 278–79 teams in, see teams ostrich with its head in the sand, 55 out-group bias, 127 outliers, 148 Outliers (Gladwell), 261 overfitting, 10–11 overwork, 82 Paine, Thomas, 221–22 pain relievers, 36, 137 Pampered Chef, 217 Pangea, 24–25 paradigm shift, 24, 289 paradox of choice, 62–63 parallel processing, 96 paranoia, 308, 309, 311 Pareto, Vilfredo, 80 Pareto principle, 80–81 Pariser, Eli, 17 Parkinson, Cyril, 74–75, 89 Parkinson’s law, 89 Parkinson’s Law (Parkinson), 74–75 Parkinson’s law of triviality, 74, 89 passwords, 94, 97 past, 201, 271–72, 309–10 Pasteur, Louis, 26 path dependence, 57–59, 194 path of least resistance, 88 Patton, Bruce, 19 Pauling, Linus, 220 payoff matrix, 212–15, 238 PayPal, 72, 291, 296 peak, 105, 106, 112 peak oil, 105 Penny, Jonathon, 52 pent-up energy, 112 perfect, 89–90 as enemy of the good, 61, 89–90 personality traits, 249–50 person-month, 279 perspective, 11 persuasion, see influence models perverse incentives, 50–51, 54 Peter, Laurence, 256 Peter principle, 256, 257 Peterson, Tom, 108–9 Petrified Forest National Park, 217–18 Pew Research, 53 p-hacking, 169, 172 phishing, 97 phones, 116–17, 290 photography, 302–3, 308–10 physics, x, 114, 194, 293 quantum, 200–201 pick your battles, 238 Pinker, Steven, 144 Pirahã, x Pitbull, 36 pivoting, 295–96, 298–301, 308, 311, 312 placebo, 137 placebo effect, 137 Planck, Max, 24 Playskool, 111 Podesta, John, 97 point of no return, 244 Polaris, 67–68 polarity, 125–26 police, in organizations and projects, 253–54 politics, 70, 104 ads and statements in, 225–26 elections, 206, 218, 233, 241, 271, 293, 299 failure and, 47 influence in, 216 predictions in, 206 polls and surveys, 142–43, 152–54, 160 approval ratings, 152–54, 158 employee engagement, 140, 142 postmortems, 32, 92 Potemkin village, 228–29 potential energy, 112 power, 162 power drills, 296 power law distribution, 80–81 power vacuum, 259–60 practice, deliberate, 260–62, 264, 266 precautionary principle, 59–60 Predictably Irrational (Ariely), 14, 222–23 predictions and forecasts, 132, 173 market for, 205–7 superforecasters and, 206–7 PredictIt, 206 premature optimization, 7 premises, see principles pre-mortems, 92 present bias, 85, 87, 93, 113 preserving optionality, 58–59 pressure point, 112 prices, 188, 231, 299 arbitrage and, 282–83 bait and switch and, 228, 229 inflation in, 179–80, 182–83 loss leader strategy and, 236–37 manufacturer’s suggested retail, 15 monopolies and, 283 principal, 44–45 principal-agent problem, 44–45 principles (premises), 207 first, 4–7, 31, 207 prior, 159 prioritizing, 68 prisoners, 63, 232 prisoner’s dilemma, 212–14, 226, 234–35, 244 privacy, 55 probability, 132, 173, 194 bias, optimistic, 33 conditional, 156 probability distributions, 150, 151 bell curve (normal), 150–52, 153, 163–66, 191 Bernoulli, 152 central limit theorem and, 152–53, 163 fat-tailed, 191 power law, 80–81 sample, 152–53 pro-con lists, 175–78, 185, 189 procrastination, 83–85, 87, 89 product development, 294 product/market fit, 292–96, 302 promotions, 256, 275 proximate cause, 31, 117 proxy endpoint, 137 proxy metric, 139 psychology, 168 Psychology of Science, The (Maslow), 177 Ptolemy, Claudius, 8 publication bias, 170, 173 public goods, 39 punching above your weight, 242 p-values, 164, 165, 167–69, 172 Pygmalion effect, 267–68 Pyrrhus, King, 239 Qualcomm, 231 quantum physics, 200–201 quarantine, 234 questions: now what, 291 what if, 122, 201 why, 32, 33 why now, 291 quick and dirty, 234 quid pro quo, 215 Rabois, Keith, 72, 265 Rachleff, Andy, 285–86, 292–93 radical candor, 263–64 Radical Candor (Scott), 263 radiology, 291 randomized controlled experiment, 136 randomness, 201 rats, 51 Rawls, John, 21 Regan, Ronald, 183 real estate agents, 44–45 recessions, 121–22 reciprocity, 215–16, 220, 222, 229, 289 recommendations, 217 red line, 238 referrals, 217 reframe the problem, 96–97 refugee asylum cases, 144 regression to the mean, 146, 286 regret, 87 regulations, 183–84, 231–32 regulatory capture, 305–7 reinventing the wheel, 92 relationships, 53, 55, 63, 91, 111, 124, 159, 271, 296, 298 being locked into, 305 dating, 8–10, 95 replication crisis, 168–72 Republican Party, 104 reputation, 215 research: meta-analysis of, 172–73 publication bias and, 170, 173 systematic reviews of, 172, 173 see also experiments resonance, 293–94 response bias, 142, 143 responsibility, diffusion of, 259 restaurants, 297 menus at, 14, 62 RetailMeNot, 281 retaliation, 238 returns: diminishing, 81–83 negative, 82–83, 93 reversible decisions, 61–62 revolving door, 306 rewards, 275 Riccio, Jim, 306 rise to the occasion, 268 risk, 43, 46, 90, 288 cost-benefit analysis and, 180 de-risking, 6–7, 10, 294 moral hazard and, 43–45, 47 Road Ahead, The (Gates), 69 Roberts, Jason, 122 Roberts, John, 27 Rogers, Everett, 116 Rogers, William, 31 Rogers Commission Report, 31–33 roles, 256–58, 260, 271, 293 roly-poly toy, 111–12 root cause, 31–33, 234 roulette, 144 Rubicon River, 244 ruinous empathy, 264 Rumsfeld, Donald, 196–97, 247 Rumsfeld’s Rule, 247 Russia, 218, 241 Germany and, 70, 238–39 see also Soviet Union Sacred Heart University (SHU), 217, 218 sacrifice play, 239 Sagan, Carl, 220 sales, 81, 216–17 Salesforce, 299 same-sex marriage, 117, 118 Sample, Steven, 28 sample distribution, 152–53 sample size, 143, 160, 162, 163, 165–68, 172 Sánchez, Ricardo, 234 sanctions and fines, 232 Sanders, Bernie, 70, 182, 293 Sayre, Wallace, 74 Sayre’s law, 74 scarcity, 219, 220 scatter plot, 126 scenario analysis (scenario planning), 198–99, 201–3, 207 schools, see education and schools Schrödinger, Erwin, 200 Schrödinger’s cat, 200 Schultz, Howard, 296 Schwartz, Barry, 62–63 science, 133, 220 cargo cult, 315–16 Scientific Autobiography and other Papers (Planck), 24 scientific evidence, 139 scientific experiments, see experiments scientific method, 101–2, 294 scorched-earth tactics, 243 Scott, Kim, 263 S curves, 117, 120 secondary markets, 281–82 second law of thermodynamics, 124 secrets, 288–90, 292 Securities and Exchange Commission, U.S., 228 security, false sense of, 44 security services, 229 selection, adverse, 46–47 selection bias, 139–40, 143, 170 self-control, 87 self-fulfilling prophecies, 267 self-serving bias, 21, 272 Seligman, Martin, 22 Semmelweis, Ignaz, 25–26 Semmelweis reflex, 26 Seneca, Marcus, 60 sensitivity analysis, 181–82, 185, 188 dynamic, 195 Sequoia Capital, 291 Sessions, Roger, 8 sexual predators, 113 Shakespeare, William, 105 Sheets Energy Strips, 36 Shermer, Michael, 133 Shirky, Clay, 104 Shirky principle, 104, 112 Short History of Nearly Everything, A (Bryson), 50 short-termism, 55–56, 58, 60, 68, 85 side effects, 137 signal and noise, 311 significance, 167 statistical, 164–67, 170 Silicon Valley, 288, 289 simulations, 193–95 simultaneous invention, 291–92 Singapore math, 23–24 Sir David Attenborough, RSS, 35 Skeptics Society, 133 sleep meditation app, 162–68 slippery slope argument, 235 slow (high-concentration) thinking, 30, 33, 70–71 small numbers, law of, 143, 144 smartphones, 117, 290, 309, 310 smoking, 41, 42, 133–34, 139, 173 Snap, 299 Snowden, Edward, 52, 53 social engineering, 97 social equality, 117 social media, 81, 94, 113, 217–19, 241 Facebook, 18, 36, 94, 119, 219, 233, 247, 305, 308 Instagram, 220, 247, 291, 310 YouTube, 220, 291 social networks, 117 Dunbar’s number and, 278 social norms versus market norms, 222–24 social proof, 217–20, 229 societal change, 100–101 software, 56, 57 simulations, 192–94 solitaire, 195 solution space, 97 Somalia, 243 sophomore slump, 145–46 South Korea, 229, 231, 238 Soviet Union: Germany and, 70, 238–39 Gosplan in, 49 in Cold War, 209, 235 space exploration, 209 spacing effect, 262 Spain, 243–44 spam, 37, 161, 192–93, 234 specialists, 252–53 species, 120 spending, 38, 74–75 federal, 75–76 spillover effects, 41, 43 sports, 82–83 baseball, 83, 145–46, 289 football, 226, 243 Olympics, 209, 246–48, 285 Spotify, 299 spreadsheets, 179, 180, 182, 299 Srinivasan, Balaji, 301 standard deviation, 149, 150–51, 154 standard error, 154 standards, 93 Stanford Law School, x Starbucks, 296 startup business idea, 6–7 statistics, 130–32, 146, 173, 289, 297 base rate in, 157, 159, 160 base rate fallacy in, 157, 158, 170 Bayesian, 157–60 confidence intervals in, 154–56, 159 confidence level in, 154, 155, 161 frequentist, 158–60 p-hacking in, 169, 172 p-values in, 164, 165, 167–69, 172 standard deviation in, 149, 150–51, 154 standard error in, 154 statistical significance, 164–67, 170 summary, 146, 147 see also data; experiments; probability distributions Staubach, Roger, 243 Sternberg, Robert, 290 stock and flow diagrams, 192 Stone, Douglas, 19 stop the bleeding, 234 strategy, 107–8 exit, 242–43 loss leader, 236–37 pivoting and, 295–96, 298–301, 308, 311, 312 tactics versus, 256–57 strategy tax, 103–4, 112 Stiglitz, Joseph, 306 straw man, 225–26 Streisand, Barbra, 51 Streisand effect, 51, 52 Stroll, Cliff, 290 Structure of Scientific Revolutions, The (Kuhn), 24 subjective versus objective, in organizational culture, 274 suicide, 218 summary statistics, 146, 147 sunk-cost fallacy, 91 superforecasters, 206–7 Superforecasting (Tetlock), 206–7 super models, viii–xii super thinking, viii–ix, 3, 316, 318 surface area, 122 luck, 122, 124, 128 surgery, 136–37 Surowiecki, James, 203–5 surrogate endpoint, 137 surveys, see polls and surveys survivorship bias, 140–43, 170, 272 sustainable competitive advantage, 283, 285 switching costs, 305 systematic review, 172, 173 systems thinking, 192, 195, 198 tactics, 256–57 Tajfel, Henri, 127 take a step back, 298 Taleb, Nassim Nicholas, 2, 105 talk past each other, 225 Target, 236, 252 target, measurable, 49–50 taxes, 39, 40, 56, 104, 193–94 T cells, 194 teams, 246–48, 275 roles in, 256–58, 260 size of, 278 10x, 248, 249, 255, 260, 273, 280, 294 Tech, 83 technical debt, 56, 57 technologies, 289–90, 295 adoption curves of, 115 adoption life cycles of, 116–17, 129, 289, 290, 311–12 disruptive, 308, 310–11 telephone, 118–19 temperature: body, 146–50 thermostats and, 194 tennis, 2 10,000-Hour Rule, 261 10x individuals, 247–48 10x teams, 248, 249, 255, 260, 273, 280, 294 terrorism, 52, 234 Tesla, Inc., 300–301 testing culture, 50 Tetlock, Philip E., 206–7 Texas sharpshooter fallacy, 136 textbooks, 262 Thaler, Richard, 87 Theranos, 228 thermodynamics, 124 thermostats, 194 Thiel, Peter, 72, 288, 289 thinking: black-and-white, 126–28, 168, 272 convergent, 203 counterfactual, 201, 272, 309–10 critical, 201 divergent, 203 fast (low-concentration), 30, 70–71 gray, 28 inverse, 1–2, 291 lateral, 201 outside the box, 201 slow (high-concentration), 30, 33, 70–71 super, viii–ix, 3, 316, 318 systems, 192, 195, 198 writing and, 316 Thinking, Fast and Slow (Kahneman), 30 third story, 19, 92 thought experiment, 199–201 throwing good money after bad, 91 throwing more money at the problem, 94 tight versus loose, in organizational culture, 274 timeboxing, 75 time: management of, 38 as money, 77 work and, 89 tipping point, 115, 117, 119, 120 tit-for-tat, 214–15 Tōgō Heihachirō, 241 tolerance, 117 tools, 95 too much of a good thing, 60 top idea in your mind, 71, 72 toxic culture, 275 Toys “R” Us, 281 trade-offs, 77–78 traditions, 275 tragedy of the commons, 37–40, 43, 47, 49 transparency, 307 tribalism, 28 Trojan horse, 228 Truman Show, The, 229 Trump, Donald, 15, 206, 293 Trump: The Art of the Deal (Trump and Schwartz), 15 trust, 20, 124, 215, 217 trying too hard, 82 Tsushima, Battle of, 241 Tupperware, 217 TurboTax, 104 Turner, John, 127 turn lemons into lemonade, 121 Tversky, Amos, 9, 90 Twain, Mark, 106 Twitter, 233, 234, 296 two-front wars, 70 type I error, 161 type II error, 161 tyranny of small decisions, 38, 55 Tyson, Mike, 7 Uber, 231, 275, 288, 290 Ulam, Stanislaw, 195 ultimatum game, 224, 244 uncertainty, 2, 132, 173, 180, 182, 185 unforced error, 2, 10, 33 unicorn candidate, 257–58 unintended consequences, 35–36, 53–55, 57, 64–65, 192, 232 Union of Concerned Scientists (UCS), 306 unique value proposition, 211 University of Chicago, 144 unknown knowns, 198, 203 unknowns: known, 197–98 unknown, 196–98, 203 urgency, false, 74 used car market, 46–47 U.S.


pages: 345 words: 75,660

Prediction Machines: The Simple Economics of Artificial Intelligence by Ajay Agrawal, Joshua Gans, Avi Goldfarb

Abraham Wald, Ada Lovelace, AI winter, Air France Flight 447, Airbus A320, algorithmic bias, AlphaGo, Amazon Picking Challenge, artificial general intelligence, autonomous vehicles, backpropagation, basic income, Bayesian statistics, Black Swan, blockchain, call centre, Capital in the Twenty-First Century by Thomas Piketty, Captain Sullenberger Hudson, carbon tax, Charles Babbage, classic study, collateralized debt obligation, computer age, creative destruction, Daniel Kahneman / Amos Tversky, data acquisition, data is the new oil, data science, deep learning, DeepMind, deskilling, disruptive innovation, driverless car, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, everywhere but in the productivity statistics, financial engineering, fulfillment center, general purpose technology, Geoffrey Hinton, Google Glasses, high net worth, ImageNet competition, income inequality, information retrieval, inventory management, invisible hand, Jeff Hawkins, job automation, John Markoff, Joseph Schumpeter, Kevin Kelly, Lyft, Minecraft, Mitch Kapor, Moneyball by Michael Lewis explains big data, Nate Silver, new economy, Nick Bostrom, On the Economy of Machinery and Manufactures, OpenAI, paperclip maximiser, pattern recognition, performance metric, profit maximization, QWERTY keyboard, race to the bottom, randomized controlled trial, Ray Kurzweil, ride hailing / ride sharing, Robert Solow, Salesforce, Second Machine Age, self-driving car, shareholder value, Silicon Valley, statistical model, Stephen Hawking, Steve Jobs, Steve Jurvetson, Steven Levy, strong AI, The Future of Employment, the long tail, The Signal and the Noise by Nate Silver, Tim Cook: Apple, trolley problem, Turing test, Uber and Lyft, uber lyft, US Airways Flight 1549, Vernor Vinge, vertical integration, warehouse automation, warehouse robotics, Watson beat the top human players on Jeopardy!, William Langewiesche, Y Combinator, zero-sum game

If you keep trying new foods in the hope of finding some ideal, you are missing out on a lot of good meals. Judgment, whether by deliberation or experimentation, is costly. Knowing Why You Are Doing Something Prediction is at the heart of a move toward self-driving cars and the rise of platforms such as Uber and Lyft: choosing a route between origin and destination. Car navigation devices have been around for a few decades, built into cars themselves or as stand-alone devices. But the proliferation of internet-connected mobile devices has changed the data that providers of navigation software receive. For instance, before Google acquired it, the Israeli startup Waze generated accurate traffic maps by tracking the routes drivers chose.

See also jobs “Lady Lovelace’s Objection,” 13 Lambrecht, Anja, 196 language translation, 25–27, 107–108 laws of robotics, 115 learning -by-using, 182–183 in the cloud vs. on the ground, 188–189, 202 experience and, 191 in-house and on-the-job, 185 language translation, 26–27 pathways to, 182–184 privacy and data for, 189–190 reinforcement, 13, 145, 183–184 by simulation, 187–188 strategy for, 179–194 supervised, 183 trade-offs in performance and, 181–182 when to deploy and, 184–187 Lederman, Mara, 168–169 Lee, Kai-Fu, 219 Lee Se-dol, 8 legal documents, redacting, 53–54, 68 legal issues, 115–117 Lewis, Michael, 56 Li, Danielle, 58 liability, 117, 195–198 lighting, cost of, 11 London cabbies, 76–78 Lovelace, Ada, 12, 13 Lyft, 88–89 Lytvyn, Max, 96 machine learning, 18 adversarial, 187–188 churn prediction and, 32–36 complexity and, 103–110 from data, 45–47 feedback for, 46–47 flexibility in, 36 judgment and, 83 one-shot, 60 regression compared with, 32–35 statistics and prediction and, 37–40 techniques, 8–9 transformation of prediction by, 37–40 Mailmobile, 103 management AI’s impact on, 3 by exception, 67–68 Mastercard, 25 mathematics, made cheap by computers, 12, 14 Mazda, 124 MBA programs, student recruitment for, 127–129, 133–139 McAfee, Andrew, 91 Mejdal, Sig, 161 Microsoft, 9–10, 176, 180, 202–204, 215, 217 Tay chatbot, 204–205 mining, automation in, 112–114 Misra, Sanjog, 93–94 mobile-first strategy, 179–180 Mobileye, 15 modeling, 99, 100–102 Moneyball (Lewis), 56, 161–162 monitoring of predictions, 66–67 multivariate regression, 33–34 music, digital, 12, 61 Musk, Elon, 209, 210, 221 Mutual Benefit Life, 124–125 Napster, 61 NASA, 14 National Science and Technology Council (NSTC), 222–223 navigation apps, 77–78, 88–90, 106 Netscape, 9–10 neural networks, 13 New Economy, 10 New York City Fire Department, 197 New York Times, 8, 218 Nordhaus, William, 11 Norvig, Peter, 180 Nosko, Chris, 199 Novak, Sharon, 169–170 Numenta, 223 Nymi, 201 Oakland Athletics, 56, 161–162 Obama, Barack, 217–218 objectives, identifying, 139 object recognition, 7, 28–29 Olympics, Rio, 114–115 omitted variables, 62 one-shot learning, 60 On Intelligence (Hawkins), 39 Open AI, 210 optimization, search engine, 64 oracles, 23 organizational structure, 161–162 Osborne, Michael, 149 Otto, 157–158 outcomes in decision making, 74–76, 134–138 job redesign and, 142 outsourcing, 169–170, 171 Page, Larry, 179 Paravisini, Daniel, 66–67 pattern recognition, 145–147 Pavlov, Ivan, 183 payoff calculations, 78–81 in drug discovery, 136 judgment in, 87–88 Pell, Barney, 2 performance, trade-offs between learning and, 181–182, 187 performance reviews, 172–173 photography digital, 14 sports, automation of, 114–115 Pichai, Sundar, 179–180 Piketty, Thomas, 213 Pilbara, Australia, mining in, 112–114 policy, 3, 210 power calculations, 48 prediction, 23–30 about the present, 23–24 behavior affected by, 23 bias in, 34–35 complements to, 15 consequences of cheap, 29 credit card fraud prevention and, 24–25 in decision making, 74–76, 134–138 definition of, 13, 24 by exception, 67–68 human strengths in, 60 human weaknesses in, 54–58 improvements in, 25–29 as intelligence, 2–3, 29, 31–41 in language translation, 25–27 machine weaknesses in, 58–65 made cheap, 13–15 selling, 176–177 techniques, 13 unanticipated correlations and, 36–37 of what a human would do, 95–102 predictive text, 130 preferences, 88–90, 96–97, 98 selling consumer, 176–177 presidential elections, 59 prices effects of reduced AI, 9–11 human judgment in, 100 sales causality and, 63–64 for ZipRecruiter, 93–94 privacy issues, 19, 49, 98 China and, 219–220 country differences in, 219–221 data collection, 189–190 probabilistic programming, 38, 40 processes.

Second, they had sensors affixed to them—their eyes and ears most importantly—that fed contextual data to their brains to ensure that they put their knowledge to good use. But so did other people. No London cabbie became worse at their job because of navigation apps. Instead, millions of other non-cabbies became a lot better. The cabbies’ knowledge was no longer a scarce commodity, opening up cabbies to competition from ride-sharing platforms like Uber. That other drivers could show up with “The Knowledge” on their phones and predictions of the fastest routes meant they could provide equivalent service. When high-quality machine prediction became cheap, human prediction declined in value, so the cabbies were worse off. The number of rides in London’s black cabs fell.


pages: 268 words: 64,786

Cashing Out: Win the Wealth Game by Walking Away by Julien Saunders, Kiersten Saunders

barriers to entry, basic income, Big Tech, Black Monday: stock market crash in 1987, blockchain, COVID-19, cryptocurrency, death from overwork, digital divide, diversification, do what you love, Donald Trump, estate planning, financial independence, follow your passion, future of work, gig economy, glass ceiling, global pandemic, index fund, job automation, job-hopping, karōshi / gwarosa / guolaosi, lifestyle creep, Lyft, microaggression, multilevel marketing, non-fungible token, off-the-grid, passive income, passive investing, performance metric, ride hailing / ride sharing, risk tolerance, Salesforce, side hustle, TaskRabbit, TED Talk, Uber and Lyft, uber lyft, universal basic income, upwardly mobile, Vanguard fund, work culture , young professional

Last, you may consider online survey companies like swagbucks.com that will pay out a small amount of money in exchange for your time. 2 | The Gig Economy (Mid- to High Urgency, Low Upside) If you are willing to put forth slightly more effort than keystroking, you can explore the gig economy. The gig economy was born after the Great Recession of 2008 as a way to empower people who had extra time to earn money taking on small tasks, powered by technology. This gave rise to ride-sharing companies like Uber and Lyft, grocery delivery companies like Instacart and Amazon Fresh, and handyman services such as taskrabbit.com. It ranks mid- to high from an urgency standpoint because once you sign up, the platforms do almost all the work to get you your first customers. It’s also mid- to high on upside because with most of these platforms you don’t have to sell a product; you just need to make yourself available and focus on providing good service.

., 40–41 L labels, constraints of, 191–92 lending practices, unfair, 3 lifestyles and financial freedom, 34–35 “lifestyle inflation,” 39, 61 values focused, 26, 35 work focused, 25–26 LinkedIn, 90, 134 literacy, financial, 108–11 livestreaming, 145 living below your means, 72. See also expenses loneliness, overcoming, 18 low-wage workers, 76 Lyft, 131 M m1finance.com, 131 market downturns, 98–99, 173–74 marriage average length of, 75 challenges faced in, 201 and divorces, 75, 199, 201, 234 time to devote to, 35 See also couples matching by employers, 156, 176 McKinsey study on automation threat, 126 median wealth prediction for Black individuals, 3, 53–54 media portrayals of wealth, 33–34, 221 meetups, 218–19 mercari.com, 135 meritocracy, myth of, 28 middle class, 50 Middle personality type Big 3 downplayed by, 57, 59–60 blind optimism practiced by, 62–63 characteristics of, 50–52 and compound interest, 68 and Fast Spenders personality type, 50, 51, 61 and Financially Insecure personality type, 50, 51 and lifestyle inflation, 61 meaning of “freedom” for, 69 memories of financial insecurity, 51, 60–61 possessions of, 59 and struggles with retirement savings, 51, 63 taste preferences of, 61 millennials, 76, 144 millionaires FIRE movement and Black, 29 and market boom of 2020, 232 meetups of, 219–20 status as milestone, 233 mindset, 103–20 and absence of certainty, 111, 114–16 and confidence, 112–13 and courage, 108, 111, 112–14, 117–18 and financial literacy, 108–11 rules and richuals for, 118–20 and true income potential, 107 Money on the Table (video series), 12 money’s ability to work harder than you can belief in, 65 and purchasing power of wages, 172–73 and stealth wealth, 38 transitioning to, 62 value of acknowledging, 228 moral code, following, 172 mortgage and debt reduction methods, 82 paying off, 6 refinancing, 57 multilevel-marketing businesses, 170 mutual funds about, 159–60 active management of, 160, 166 educated guesses at heart of, 160 fees associated with, 163–64, 165–66 index funds compared to, 162 underperformance of, 166 See also 401(k)s; index funds N Nasdaq index, 161 National Basketball Association, 162 National Law Center on Homelessness and Poverty, 77 needs, basic, 56–60 negativity, 48 nerdwallet.com, 131 net worth declining, 54 and income, 54–55 stating publicly, 220 NFTs (non-fungible tokens), 129 Notorious B.I.G., 198 O opportunities, evaluating, 129–30, 129 oppression, exposure to, 210 optimism blind, 62–63, 158 as motivator for difficult tasks, 194 options trading, 114 Orman, Suze, 155 ourrichjourney.com, 215 P parenthood and childcare costs, 30 uncertainty experienced in, 115 and work-life balance, 30 parents, supporting aging, 10, 70 passive income, 22, 65 paycheck to paycheck, living, 47, 77–78 paying yourself first, 118 PDFs, selling, 136 personality types, financial, 46–52 Fast Spenders type, 48–50, 51, 52, 61, 69 Financially Insecure type, 46–48, 50, 51, 52, 69, 233 the Middle type, 50–52 Pew Research Center, 36, 172–73 phones, faux connectedness from, 25 Playing with FIRE (documentary), 47 The Plug (Dorsey), 133 podcasts and Jannese’s success story, 124 learning about FI through, 217–18 and preferences of audiences, 145 thepointsguy.com, 131 Popcorn Finance (Browning), 218 poshmark.com, 135 positivity, pressure to sustain, 43 poverty and automation threat to employment, 126 cycle of, 47, 234 principles of cashing out, 36–41 embracing stealth wealth, 37–39 prioritizing purpose and community, 40–41 recognizing the Black tax, 39–40 “progress trap,” 64 public.com, 131 public health, negative impacts of work on, 31–32 purchasing power, impact of inflation on, 173 Purple, 91–94, 95 purpose(s) of income, 44–73 asking better questions about, 120 and Black buying power, 52–55 and breaking the consumerism cycle, 45 and financial personality types, 46–52 flexibility, 56, 60–65 freedom, 56, 56, 68–71 independence, 56, 65–68 lack of, 51–52 and retirement, 54–55 rules and richuals for, 72–73 security, 56–60, 56 and sinking funds, 119 Q quality of life, financial components of, 9 questions, asking better, 119–20 R racism, 39–40 “Raising a Family Index” (RAFI), 30 Ramsey, Dave, 155 Ray, Ola, 101–2 real estate agents, 61 real estate investing of authors, 6, 11, 87–88, 142, 143 income from, 22, 86 Kendra’s success story, 85, 86–87 1 percent rule in, 87 “Reality Check: Paycheck-to-Paycheck,” 77 reasons for cashing out freedom from burnout, 31–33 prioritizing family life, 29–30 safety from corporate change, 27–28 success on your terms, 28–29 time to do what you love, 25–26 regret/sacrifice, moments of, 100, 200–201 religious faith, 36–37 restaurants, dining in, 57 retirement difficulty saving for, 59 income’s role in preparing for, 55 lack of successful examples of, 22 and Middle personality type, 51 and pending crisis, 210 See also retirement accounts retirement accounts IRAs (individual retirement accounts), 94, 114 and matching by employers, 156, 176 maxing out, 94, 168 procrastinating on, 154–55 of self-employed, 176 See also 401(k)s; index funds rewarding yourself, 81–82 Rice, Bradley, 212 “richuals” (term), 17 ride-sharing companies, 131 risk managing feelings of, 116 and the myth of full confidence, 113–14 and uncertainty, 116 Rock, Chris, 33 role models, lack of relatable, 68 rounding-up programs at banks, 118–19 S S&P 500 index fund, 161, 163, 173, 230 sacrifice/regret, moments of, 100, 200–201 saving money/savings authors’ rate of, 11 conventional approach to, 226–27 conversations about, 193–94 and labeling people as “savers,” 191 lessons passed to children on, 226–27 low levels of, 4, 45 and Middle personality type, 50 reframing practice of, 193–94 sacrifices made for, 200–201 security as first purpose of income, 56–60, 56 self-care, 32 self-defeatist language, 15 self-doubt, overcoming, 18, 111 self-employment and retirement accounts, 176 self-reliance, 64–65 selling, 137–40 shame/shaming for buying preferences, 61 and defensiveness, 195 overcoming, 18 sharing, 213–14 Shopify, 137 short-term wants/needs, 63 sinking funds, 119 skills, cultivating marketable, 83, 87, 94, 99, 147 Skillshare, 137 slavery, legacy of, 3 snowball method to paying off debt, 80–81, 81 social issues, ability to engage with, 35 social media platforms and content creators, 141–45 FI community on, 216–17, 220–21 gurus/celebrity advisers on, 223 sharing strengths/wins on, 90 Souffrant, Jamila, 217 spending.

The sooner you can learn to live on less, the sooner you’ll be able to redirect your income to fulfilling other, more meaningful purposes. THE REALITY OF FINANCIAL SECURITY A few years ago, we were asked to sit on a panel and had the pleasure of meeting an amazing young woman. She was in her twenties, a full-time student who worked at Starbucks and drove for Uber to earn a couple extra dollars to afford expensive medical care for her daughter. While we didn’t have a full breakdown of her budget in front of us, we could tell from the desperation in her voice that she was on the brink of financial insecurity and fearful of the path she was on. She had aspirations to start a business and wanted to learn about our experience as real estate investors because she thought it might be a pathway for her to get out of her predicament.


pages: 290 words: 87,549

The Airbnb Story: How Three Ordinary Guys Disrupted an Industry, Made Billions...and Created Plenty of Controversy by Leigh Gallagher

Abraham Maslow, Airbnb, Amazon Web Services, barriers to entry, Ben Horowitz, Bernie Sanders, Blitzscaling, cloud computing, crowdsourcing, data science, don't be evil, Donald Trump, East Village, Elon Musk, fixed-gear, gentrification, geopolitical risk, growth hacking, Hacker News, hockey-stick growth, housing crisis, iterative process, Jeff Bezos, John Zimmer (Lyft cofounder), Jony Ive, Justin.tv, Lyft, Marc Andreessen, Marc Benioff, Mark Zuckerberg, medical residency, Menlo Park, Network effects, Paul Buchheit, Paul Graham, performance metric, Peter Thiel, RFID, Salesforce, Sam Altman, Sand Hill Road, Saturday Night Live, sharing economy, Sheryl Sandberg, side project, Silicon Valley, Silicon Valley startup, South of Market, San Francisco, Startup school, Steve Jobs, TaskRabbit, TED Talk, the payments system, Tony Hsieh, traumatic brain injury, Travis Kalanick, uber lyft, Y Combinator, yield management

This kind of “sharing”—this hyperpersonal opening up of the most intimate and safest aspect of one’s life to a stranger—is not present when you hire a person to fix a leak on TaskRabbit, or when you get into someone’s air-conditioned black car for a silent ride to the airport with your head in your phone. More than anything else, it is this aspect of Airbnb that distinguishes it from Uber, Lyft, and any other of its sharing-economy peers. Elisa Schreiber, marketing partner at Greylock Partners, an investor in the company, summarized this distinction concisely after we got to talking about it one day. “Uber is transactional,” she said. “Airbnb is humanity.” Unfortunately, as we are about to see and as Airbnb has learned, despite its best intentions, that “humanity” can be a frustrating thing.

From Jeff Weiner, Chesky learned the importance of removing those managers who weren’t performing. From Salesforce.com CEO Marc Benioff he learned how to push his executive team. He also had access to an informal support group among his current-generation start-up peers, including Travis Kalanick of Uber, Drew Houston of Dropbox, Jack Dorsey of Square, and John Zimmer of Lyft, all sharing their individual lessons about everything from running start-ups to balancing friends, relationships, and other elements of young founder life. A key principle of Chesky’s sourcing strategy was to become creative with identifying just who the experts were, and seeking out sources in unexpected disciplines.

Chapter 2: Building a Company 35 “How to Start a Startup”: Sam Altman, “How to Start a Startup,” lecture with Alfred Lin and Brian Chesky, video, accessed October 10, 2016, http://startupclass.samaltman.com/courses/lec10/. 36 (six new core values in 2013): The six core values put in place in 2013 were “Host,” “Champion the Mission,” “Every Frame Matters,” “Be a cereal entrepreneur,” “Simplify,” and “Embrace the Adventure.” 41 in the first half of 2016 alone: “Uber Loses at Least $1.2 Billion in First Half of 2016,” Bloomberg BusinessWeek, August 25, 2016, https://www.bloomberg.com/news/articles/2016-08-25/uber-loses-at-least-1-2-billion-in-first-half-of-2016. 45 a surge in bookings: Owen Thomas, “How a Caltech Ph.D. Turned Airbnb into a Billion-Dollar Travel Magazine,” Business Insider, June 28, 2012, http://www.businessinsider.com/airbnb-joe-zadeh-photography-program-2012-6. 46 according to TechCrunch: M.


pages: 411 words: 98,128

Bezonomics: How Amazon Is Changing Our Lives and What the World's Best Companies Are Learning From It by Brian Dumaine

activist fund / activist shareholder / activist investor, AI winter, Airbnb, Amazon Robotics, Amazon Web Services, Atul Gawande, autonomous vehicles, basic income, Bernie Sanders, Big Tech, Black Swan, call centre, Cambridge Analytica, carbon tax, Carl Icahn, Chris Urmson, cloud computing, corporate raider, creative destruction, Danny Hillis, data science, deep learning, Donald Trump, Elon Musk, Erik Brynjolfsson, Fairchild Semiconductor, fake news, fulfillment center, future of work, gig economy, Glass-Steagall Act, Google Glasses, Google X / Alphabet X, income inequality, independent contractor, industrial robot, Internet of things, Jeff Bezos, job automation, Joseph Schumpeter, Kevin Kelly, Kevin Roose, Lyft, Marc Andreessen, Mark Zuckerberg, military-industrial complex, money market fund, natural language processing, no-fly zone, Ocado, pets.com, plutocrats, race to the bottom, ride hailing / ride sharing, Salesforce, Sand Hill Road, self-driving car, shareholder value, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Snapchat, speech recognition, Steve Jobs, Stewart Brand, supply-chain management, TED Talk, Tim Cook: Apple, too big to fail, Travis Kalanick, two-pizza team, Uber and Lyft, uber lyft, universal basic income, warehouse automation, warehouse robotics, wealth creators, web application, Whole Earth Catalog, work culture

Nor is Amazon content to fully depend on the local post office or delivery companies such as UPS to move their packages over that crucial last mile from the warehouse to the customer. In 2018, Amazon said it would buy twenty thousand Mercedes vans to launch a program whereby entrepreneurs could, with Amazon’s help, start their own local delivery companies. The company also has a program called Amazon Flex that makes it possible for Uber and Lyft drivers to deliver packages. It’s also experimenting with drone deliveries. It made its first such test delivery in England in 2016 when a drone carried an Amazon Fire TV and a bag of popcorn to a customer near Cambridge. From the time the customer clicked the buy button to the time the drone landed at his home was only thirteen minutes.

., 249 Kiva robots, 128 Koch, David and Charles, 250 Kosmo.com, 64, 65 Kraft Heinz, 267 Kroger, 5, 24, 136, 141, 168, 175, 176 Lake, Katrina, 206, 207–8 Lennar, 218 Liu, Richard, 178 Livongo Health, 229 Long Now Foundation, 71 long-term management in Bezonomics, 76, 88 long-term view AI flywheel and, 71, 81–82, 269 Amazon innovation lab and, 224 Amazon’s use of, 3, 61–64, 65–66 AWS example of, 63–64 Bezos and, 59, 61–66 Blue Origin project and, 68 employees’ need for, 63 machine learning on cancers and, 223 new delivery technologies and, 174 philanthropy strategy and, 251 profitability and, 61–62 pushes into new sectors and, 236 shopping on Alexa and, 116 10,000-year clock and, 70–71 Walmart’s JetBlack project and, 191 Lord of the Rings, The (Tolkien), 101 Lore, Marc, 54–55, 183–88, 189, 190, 191, 192 Los Angeles Times, 207 Lot-Less Closeouts stores, 167 Loup Ventures, 110 Lululemon, 190 Lulus, 9, 194, 209–11, 213 luxury retailers, 9, 200–2 LVMH, 205 Lyft, 23 Ma, Tony, 90 machine learning Alexa voice recognition and, 113–14 Amazon’s application of, 270 Bezos on power of, 83 black box and, 91, 147 decision-making and, 87 fake review detection with, 160 flywheel model and, 5, 83–84, 85 health-care industry and, 223 voice recognition and, 109 Machine Learning service business, Amazon, 218 Mackey, John, 164 Man in the High Castle, The (TV series), 102–3 Marcus, James, 41, 45 Marketplace, 52 Amazon Lending loans to small businesses on, 234 Bezos’s creation of, 42 number of businesses on, 10 third-party merchants on, 42 Marketplace Pulse, 262 MarketWatch, 208 Marriott Hotels, 143 Max Borges Agency, 15–16, 19 McCabe, Chris, 153 McCarthy, John, 107 McGrath, Judith, 66 McKinsey & Company, 126, 174, 181, 215 McMillon, Doug, 185–86 McWhorter, John, 120 medical records project, 225 medicine.

Of course, Amazon itself is already trying to disrupt the banking industry, too. Echoing Talwar’s refrain, Uber CEO Dara Khosrowshahi says that he wants his ride-sharing platform to be the Amazon of transportation—using big data to conquer all aspects of transportation, from food delivery to scooter-sharing services to pay systems. “Cars are to us what books were to Amazon. Just like Amazon was able to build this extraordinary infrastructure on the back of books and go into additional categories, you are going to see the same from Uber.” As of late 2019, the company had a stock market value of $52 billion, suggesting that Khosrowshahi’s adoption of Bezonomics is working—so far.


pages: 293 words: 78,439

Dual Transformation: How to Reposition Today's Business While Creating the Future by Scott D. Anthony, Mark W. Johnson

activist fund / activist shareholder / activist investor, additive manufacturing, Affordable Care Act / Obamacare, Airbnb, Amazon Web Services, Andy Rubin, Apollo 13, asset light, autonomous vehicles, barriers to entry, behavioural economics, Ben Horowitz, Big Tech, blockchain, business process, business process outsourcing, call centre, Carl Icahn, Clayton Christensen, cloud computing, commoditize, corporate governance, creative destruction, crowdsourcing, death of newspapers, disintermediation, disruptive innovation, distributed ledger, diversified portfolio, driverless car, Internet of things, invention of hypertext, inventory management, Jeff Bezos, job automation, job satisfaction, Joseph Schumpeter, Kickstarter, late fees, Lean Startup, long term incentive plan, Lyft, M-Pesa, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Minecraft, obamacare, Parag Khanna, Paul Graham, peer-to-peer lending, pez dispenser, recommendation engine, Salesforce, self-driving car, shareholder value, side project, Silicon Valley, SimCity, Skype, software as a service, software is eating the world, Steve Jobs, subscription business, the long tail, the market place, the scientific method, Thomas Kuhn: the structure of scientific revolutions, transfer pricing, uber lyft, Watson beat the top human players on Jeopardy!, Y Combinator, Zipcar

There’s a reason many songs in the 1950s and 1960s were about cars. Heavy investment in a world-class road infrastructure. Cheap gas. Affordable cars. If you combine them, as The Mamas and the Papas sang in 1966, you could “go where you wanna go.” The world changes, always. Now consumers summon Uber or Lyft from their smart phones to get from point A to point B. Instead of owning a car, they can participate in a fractional ownership program like Zipcar (purchased by Avis Budget Group for $500 million in 2013). Then in 2005, Sebastian Thrun, coinventor of Google Street View, led a team whose robotic car won a $2 million prize from the US Department of Defense.

., 124, 137 Lasseter, John, 4 Lazarus, Mark, 95 Lead and Disrupt (O’Reilly and Tushman), 53, 54 leaders and leadership commitment to transformation A implementation by, 43–45 conflict arbitration by, 86–87 conviction to persevere and, 24, 155–179 courage in decision making and, 91–113 on crises of commitment, 186–189 on crises of conflict, 189–193 curiosity in, 24, 135–154 discussion questions for, 210 in dual transformation, 23–24 exchange teams and, 83–84 exposing to new thinking, 145–147 focus and, 24, 115–133 greatest challenge facing current, 5, 11 hands-on involvement by, 44 in maintaining transformations, 162–163 mindsets for success in, 23–24 opportunity of disruption and, 11–12 overestimation of alignment by, 119 profiles of transformation, 182–186 purpose and, 176–178 understanding customer problems and the job to be done, 38–39 The Lean Startup (Ries), 65, 153 LeBlanc, Paul, 58 le Carré, John, 153 Lee, Christopher M., 67–68, 86–87 Lee Hsien Yang, 136 Lee Kuan Yew, 136 LegalZoom, 207 Lenovo, 92 Levitt, Ted, 37, 175 Lew, Allen, 144–145 Lim Ho Kee, 53 Linford, Jon, 84 LinkedIn, 49 Lin Media, 156 local maximums, 6 lunar module frame, 131–132 Lyft, 205 Lynch, Kevin, 32 Major League Baseball, 98–99 Manila Water, 117–128, 184–185 determining goals and boundaries at, 121–123 focus at, 142 growth gap determination at, 118–121 outcomes for, 127–128 strategic opportunity areas of, 123–127 Mao Zedong, 116–117 Marcial, Sharon, 127 margins, 122 “Marketing Myopia” (Levitt), 175 markets identifying constrained, 59–63 opened by disruptions, 5 Marriott, 8 Martin, George R.R., 5 Martin, Roger, 124, 140, 177 McClatchy, 97 McGrath, Rita, 65, 146 Meckling, William, 177 media companies founded after disruption in, 47–50 streaming, 33–36, 93–95 transformations in, 2–3 Media General, 155–157 Medicity, 183 Medtronic, 72–73, 74 Merck, 22 metrics, 42–43 microlenders, 73 Microsoft, 4, 49, 54 Mint, 132 mission statements, 177, 178 mobile phones, 3–5, 91–93 banking and, 151–152 shipping industry and, 202–203 Monte Carlo techniques, 98–99 moonshot, 24, 115–116, 131–132 Morton, Marshall, 155–156 motivation, 175–176 leaders on, 194 Motorola, 4–5, 92 M-PESA, 201 Mulally, Alan, 153–154 Mulcahy, Anne, 14, 86 multisystem operators (MSOs), 96, 98–99 Murdoch, Rupert, 97, 109 Myspace, 48, 97, 109 Narayen, Shantanu, 31–33 National Basketball Association, 98–99 National Science Foundation, 56 Navarrete, Minette, 143–144 Nestlé, 204 Netflix, 23, 97, 104 Amazon Web Services and, 54 business model innovation at, 40, 42, 146 business model of, 106 content creation at, 34–35 decision making at, 93–95, 102 early warning signs at, 108 metrics at, 43 postdisruption job to be done at, 39 transformation A at, 32–36 transformation B at, 69–70 transformation journey at, 181 net present value (NPV), 110 net promoter scores, 78 Netscape, 2–3, 47 News Corp, 48, 97 Newspaper Association of America, 3 newspapers.

Peer-to-peer payments such as PayPal, now almost twenty years old, have started to change the conception of what banking looks like. The rise of the smart phone and the increasing ubiquity of always-on high-speed networks mean that a generation is used to swiping, tapping, waving, or just leaving a car (in the case of Uber) to consummate a payment. Distributed ledger solutions, such as ones that use a technology called blockchain as their backbones, create decentralized transaction registers that are impervious to fraud or manipulation, albeit with legitimate questions about scalability and usability. In the future, will people need to have a central repository that holds their savings, or will what we conceive of as banks increasingly be companies such as Starbucks (whose prepaid cards held more than $1 billion in assets as of mid-2016), Apple, Samsung, and more?


Driverless: Intelligent Cars and the Road Ahead by Hod Lipson, Melba Kurman

AI winter, Air France Flight 447, AlphaGo, Amazon Mechanical Turk, autonomous vehicles, backpropagation, barriers to entry, butterfly effect, carbon footprint, Chris Urmson, cloud computing, computer vision, connected car, creative destruction, crowdsourcing, DARPA: Urban Challenge, deep learning, digital map, Donald Shoup, driverless car, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, General Motors Futurama, Geoffrey Hinton, Google Earth, Google X / Alphabet X, Hans Moravec, high net worth, hive mind, ImageNet competition, income inequality, industrial robot, intermodal, Internet of things, Jeff Hawkins, job automation, Joseph Schumpeter, lone genius, Lyft, megacity, Network effects, New Urbanism, Oculus Rift, pattern recognition, performance metric, Philippa Foot, precision agriculture, RFID, ride hailing / ride sharing, Second Machine Age, self-driving car, Silicon Valley, smart cities, speech recognition, statistical model, Steve Jobs, technoutopianism, TED Talk, Tesla Model S, Travis Kalanick, trolley problem, Uber and Lyft, uber lyft, Unsafe at Any Speed, warehouse robotics

The profession of taxi driving has already been disrupted by the growing popularity of services such as Uber and Lyft, where anybody with a car can become a cabby. Driverless cars will sound the final death knell to the jobs of roughly 233,700 cabbies and chauffeurs employed in the United States.5 Uber’s CEO, Travis Kalanick, believes that the biggest cost component of running a taxi service is paying the car’s driver. In a talk at a conference, Kalanick said, “When there’s no other dude in the car, the cost of taking an Uber anywhere becomes cheaper than owning a vehicle.”6 To develop a car that can drive without a “dude” behind the wheel, Uber has invested $5.5 million to develop driverless-car technology, hiring dozens of robotics researchers from Carnegie Mellon University’s National Robotics Engineering Center (NREC).7 Driverless cars will transform other jobs in the gigantic economic value chain that supports the buying, selling, and maintaining of the automobile.

When driverless cars become commercially viable, we predict that the new automotive industry will consist of a series of corporate marriages between software companies and car companies, each contributing what they do best. At the time of this writing, a few tentative unions have already formed between Google and Ford, Volvo and Microsoft, and GM and Lyft. Intimate partnerships between different car companies are already a time-tested business model in the automotive industry. Car-making takes place in a multitiered network of suppliers and entanglements between different car companies. It’s not unusual for one car company to make a portion of a car that will later be sold bundled into another company’s vehicle.

Led by legendary robotics professor William “Red” Whittaker, CMU’s Tartan racing team dominated the series of three government-sponsored races between autonomous vehicles that some people credit with catalyzing the development of the modern driverless car—the DARPA Challenges of 2004, 2005, and 2007 (DARPA is the research arm of the U.S. Department of Defense). In February 2015, the ride-sharing company Uber, eager to jump-start the development of its own autonomous vehicle, also gravitated to Pittsburgh and hired away some forty staff members from CMU’s robotics and computer science departments. Our goal was to spend a day visiting a legendary off-campus division of CMU’s formidable robotics department, the university’s National Robotics Engineering Center, or NREC. At the time of our visit, the Uber raid on Carnegie Mellon’s roboticists had not yet taken place. Fortunately for our research for this book, one of my former students, Brian Zajac, was a hardware developer at NREC and graciously agreed to give us a tour of the facility.


pages: 168 words: 50,647

The End of Jobs: Money, Meaning and Freedom Without the 9-To-5 by Taylor Pearson

Airbnb, barriers to entry, Ben Horowitz, Black Swan, call centre, cloud computing, commoditize, content marketing, creative destruction, David Heinemeier Hansson, drop ship, Elon Musk, en.wikipedia.org, Frederick Winslow Taylor, future of work, Google Hangouts, Hacker Conference 1984, Kaizen: continuous improvement, Kevin Kelly, Kickstarter, knowledge economy, knowledge worker, loss aversion, low skilled workers, Lyft, Marc Andreessen, Mark Zuckerberg, market fragmentation, means of production, Oculus Rift, passive income, passive investing, Peter Thiel, power law, remote working, Ronald Reagan: Tear down this wall, scientific management, sharing economy, side hustle, side project, Silicon Valley, Skype, software as a service, software is eating the world, Startup school, Steve Jobs, Steve Wozniak, Stewart Brand, systems thinking, TED Talk, telemarketer, the long tail, Thomas Malthus, Uber and Lyft, uber lyft, unpaid internship, Watson beat the top human players on Jeopardy!, web application, Whole Earth Catalog

There are not many more houses now in the U.S. than there were 5 years ago, but AirBnB has created more inventory (extra rooms to stay in) without creating more supply (building hotels). Uber and Lyft have done for the taxi industry what AirBnB has done for the hotel industry—anyone with a car can become a taxi driver by signing up online to drive for the service. In the past it was difficult and expensive to become a taxi driver. Some cities require drivers to invest tens of thousands of dollars to buy a medallion just to drive a taxi. Uber and Lyft now let anyone do the work by instead going through a background check. A lot of people use this as supplemental income when making a job transition.


pages: 374 words: 94,508

Infonomics: How to Monetize, Manage, and Measure Information as an Asset for Competitive Advantage by Douglas B. Laney

3D printing, Affordable Care Act / Obamacare, banking crisis, behavioural economics, blockchain, book value, business climate, business intelligence, business logic, business process, call centre, carbon credits, chief data officer, Claude Shannon: information theory, commoditize, conceptual framework, crowdsourcing, dark matter, data acquisition, data science, deep learning, digital rights, digital twin, discounted cash flows, disintermediation, diversification, en.wikipedia.org, endowment effect, Erik Brynjolfsson, full employment, hype cycle, informal economy, information security, intangible asset, Internet of things, it's over 9,000, linked data, Lyft, Nash equilibrium, Neil Armstrong, Network effects, new economy, obamacare, performance metric, profit motive, recommendation engine, RFID, Salesforce, semantic web, single source of truth, smart meter, Snapchat, software as a service, source of truth, supply-chain management, tacit knowledge, technological determinism, text mining, uber lyft, Y2K, yield curve

Therefore, reuse may not be a primary consideration in information ecosystem design, as reusability is a key characteristic of information. However, if you find certain information isn’t being reused, such as in the case of “dark data,” it may be time to reduce it. Repurpose Repurpose on purpose. Repurposing an asset involves sharing it and enabling it to be used for different reasons. An Uber or Lyft driver’s automobile is a prime example: it is used for both taxiing and personal reasons. Repurposing any asset, including an information asset, can lower or spread its net cost of ownership among multiple entities, and it can generate additional benefits that offset its initial expense or ongoing depreciation.

Only one western company even cracks the top 10: IBM, in tenth. 18 For a more complete analysis of this data on patent algorithms, see: “Algorithm Patents Increased 30x The Past Fifteen Years,” Doug Laney, Gartner Blog Network, 24 October 2016, http://blogs.gartner.com/doug-laney/patents-for-algorithms-have-increased-30x-the-past-fifteen-years/. 19 Nolan Miller, interview with author, 09 September 2016. 20 Roberto V. Zicari, “Trends and Information on Big Data, New Data Management Technologies, Data Science and Innovation,” ODBMS Industry Watch, 26 January 2017, www.odbms.org/blog/. 21 “Uber U.S. Terms of Use, Effective: November 21, 2016,” Uber, www.uber.com/legal/terms/us/. 22 Stephen W. Bernstein et al., “Ownership of Biological Samples and Clinical Data II: U.S. Supreme Court Denies Certiorari in the Catalona Decision,” McDermott Will & Emery, 21 February 2008, www.mwe.com/en/thought-leadership/publications/2008/02/ownership-of-biological-samples-and-clinical-dat__. 23 Campbell Simpson, “Your Metadata Isn’t Private Personal Information, Federal Court Decides,” Gizmodo, 19 January 2017, www.gizmodo.com.au/2017/01/your-metadata-isnt-private-personal-information-federal-court-decides/. 24 The General Data Protection Regulations (GDPR), implemented 2018, will require organizations doing business in the European Union (EU) to provide individuals access to their data, the ability to rectify issues with it, the right to be “forgotten,” and the rights to notification, data portability, and limitations on its usage.

Power 57, 67, 229 Jessup, Beau Rose 35 Juniper Networks 33 keiretsus 132 Keough, Don 132 Knowledge Centered Support (KCS) 171n15 knowledge management (KM): information strategy 179; knowhow 155–6; people 191 “KnowMe” program, Westpac 54 Kosmix 31 Kovitz Investment 164 Kraft 39 Kreditech 62 Krishna, Dilip 260 Kroger 32, 36 Kumar, V. 30 Kushner, Theresa 272 Kyoto Protocol 63 Ladley, John 25, 120n13, 148, 187 Last.fm 34 Latulippe, Barb 188, 195, 234–5 Leatherberry, Tonie 260 legal rulings, information property rights 303–5 LexisNexis 57 liability, information as 216 library and information science (LIS) 156–8 library science: information strategy 179–80; metrics 184 lifecycle 252; see also information lifecycle LinkedIn 64 liquidity, information 20–1 Lockheed Martin 41–3, 62; project information 88 Logan, Valerie 144, 244 logical data warehouse (LDW) 181 Loss Adjustment Expense (LAE) 95 Lovelock, James 144n7 Lowans, Brian 272 loyalty 15, 22, 37, 80, 246 Lyft 141 McCrory, Dave 261 McDonald’s 236 McGilvray, Danette 272 McKnight, William 148 Magic Quadrants 68 marginal utility 273, 276; architecting for optimized information utility 278–9; concept of 284n4; of information 276–8; information for people 277; of information for people 277; information for technologies 278; of information for technologies 278; law of diminishing 276; negative 276; positive 276; understanding 273 market: cultivating for information product 73; entering new 35–6; market value of information (MVI) 257, 262, 266, 274; monetization success 74 Mashey, James 101n8 Mears, Rena 260 measurement: business-related benefits 244–5; data quality 246–8; future of infonomics 292; information assets 242–6; information asset valuation models 249–60; information–related benefits 242–4; information valuation 260–1; value of information 246–61 Mechanical Turk 65 Medicaid 44, 98 Medicare 44, 98 Megaupload 225 Memorial Healthcare System 62 Merck 66 Mercy Hospitals 98 metrics: applied asset management 184–6; assessing data quality 246–9; information asset management 182–6; information management challenges 299; information supply chain 126–7; objective quality 247–8; subjective quality 249 Microsoft 42, 223–5, 239n8 Microstrategy 133 Miller, Nolan 231, 272 Mishra, Gokula 235 MISO Energy 267 Mobilink 80 Mondelez 39 monetization 11–13, 16–18, 20, 29, 31–2, 34, 40–1, 44, 46, 55–6, 66–9, 80–100, 139, 176, 195, 244–5, 257, 265–6, 273, 277, 281, 286–7, 290, 292 monetizing information 28–9; analytics as engine of 77; bartering for favorable terms and conditions 38–9; bartering for goods and services 37–8; being in information business 48–9; creating supplemental revenue stream 32–3; defraying costs of information management and analytics 40–1; enabling competitive differentiation 36–7; entering new markets 35–6; future of infonomics 292; improving citizen well-being 45–8; increasing customer acquisition and retention 29–31; introducing a new line of business 33–4; measurement benefits 244–5; more than cash for 14–16; myths of 12–13; possibilities of 11–12; recognizing organizational roadblocks to 287–8; reducing fraud and risk 44–5; reducing maintenance costs, cost overruns and delays 41–4; success of 74–6; understanding unstructured information 94–5; value of 265–6 monetizing information steps 55–74; alternatives for direct and indirect monetization 66–8; available information assets 59–66; feasibility of ideas 69–73; high-value ideas from other industries 69; information product management function 56–9; market cultivation for information 73–4; preparing data for monetization 73 Monsanto 8, 21 Mozenda 65 Mullier, Graham 239n15 multiple listing service (MLS) 53–4 Multispectral 35 Nabisco 39 Nash Equilibrium 273 National Health Service 232 Naudé, Glabriel 156 Negroponte, Nicholas 147 Netflix 59 network effect 25, 27n14 New Jersey, state of 179, 192 New York City, reducing fraud and risk 44–5 New York Stock Exchange 23, 134 Ng, Andrew 231 Nielsen 34, 57, 63, 67 non-rivalrous 19, 131, 235, 256, 277, 280 non-rivalry principle 142, 274 Nordic Wellness Products 33 North Atlantic Treaty Organization (NATO) 147–8 Oberholzer-Gee, Felix 169 Ocean Tomo 213 O’Neal, Kelle 272 OpenClinical.org 98 operational data, information asset 61 opportunity cost for information 279–80 Orange 33 ownership: brief history of 223; habeas corpus of rulings on 226–7; information 221–2, 237–8; information location 223–5; infothievery 225–6; internal, of information 233–7; owning usage of information 230–1; personal, of personal information 231–3; see also information ownership; property, information as Pacioli, Luca 210 Panchmatia, Nimish 43 Patel, Ash 134 patent 1, 19, 28; algorithm 239nn17–18; applications 230–1, 260; economic value 229; intangible asset 168, 207; intellectual property 128, 130 Patrick, Charlotte 34 People Capability Maturity Model (P-CMM) 165–6 people-process-technology 99 Pepsi 40 performance metrics, information supply chain 126–7 performance value of information (PVI) 254–5 periodicity 248 personal information, ownership of 231–3 personally identifiable information (PII) 25, 76, 178 physical asset management 158–63; asset condition 161–2; asset maintenance and replacement costs 162–3; asset register 160–1; asset risks 161–2; governance 188; vision 176 Pigott, Ian 7 Pinterest 31 Plotkin, David 187 PNC Bank 192 Poste Italiane 47 Post Malaysia 47 Potbot 64 Preska, Loretta 224 Prevedere Software 97 Price, James 106, 114–15, 181, 186, 272 price elasticity of information 275–6 process: applied asset management 194–6; information management 193–6; information management challenges 301–2; maturity, challenges and remedies 193–4 production possibility frontier 280 productive efficiency 280 productization, monetization success 75 product management function 56–9 profitability, information 24–6 ProgrammableWeb 63 property, information as 227–30 public data, information asset 64 Publicly Available Specification (PAS): metrics 184; physical asset management 158–60, 162–3 public-private partnerships 47 quality see data quality Radio Shack 141 Rajesekhar, Ruchi 267 Raskino, Mark 37 Realtor.com 53 records information management (RIM) 152–3 Reddit 23 Redman, Thomas 235, 272 relationships, bartering for 38–9 reusable nature, information 19–20 revenue: monetization success 74; supplemental stream 32–3; value of expanded 266 Ricardian Rent 273 risk 12, 14, 28, 44–5, 62, 74–5, 85, 89, 91–2, 106, 115, 125, 139, 152, 159–61, 185, 194, 216, 242–4, 256–7, 286–90; reduction 44–5, 74–5, 85, 89; monetization success 74 Rite Aid 32 Roosevelt, Franklin 37 Rosenkranz, E.


pages: 282 words: 93,783

The Future Is Analog: How to Create a More Human World by David Sax

Alvin Toffler, augmented reality, autonomous vehicles, Bernie Sanders, big-box store, bike sharing, Black Lives Matter, blockchain, bread and circuses, Buckminster Fuller, Cal Newport, call centre, clean water, cognitive load, commoditize, contact tracing, contact tracing app, COVID-19, crowdsourcing, cryptocurrency, data science, David Brooks, deep learning, digital capitalism, Donald Trump, driverless car, Elon Musk, fiat currency, Francis Fukuyama: the end of history, future of work, gentrification, George Floyd, indoor plumbing, informal economy, Jane Jacobs, Jaron Lanier, Jeff Bezos, Kickstarter, knowledge worker, lockdown, Lyft, Marc Andreessen, Mark Zuckerberg, Marshall McLuhan, Minecraft, New Urbanism, nuclear winter, opioid epidemic / opioid crisis, Peter Thiel, RAND corporation, Ray Kurzweil, remote working, retail therapy, RFID, Richard Florida, ride hailing / ride sharing, Saturday Night Live, Shoshana Zuboff, side hustle, Sidewalk Labs, Silicon Valley, Silicon Valley startup, Skype, smart cities, social distancing, sovereign wealth fund, Steve Jobs, Superbowl ad, supply-chain management, surveillance capitalism, tech worker, technological singularity, technoutopianism, TED Talk, The Death and Life of Great American Cities, TikTok, Uber and Lyft, uber lyft, unemployed young men, urban planning, walkable city, Y2K, zero-sum game

“They’re not going to eliminate traffic; they’re going to increase traffic.” Studies already showed that this had happened with Uber and Lyft and other ride-sharing companies worldwide: all those drivers, cruising around in their empty cars, waiting for the next ping of a pickup (an activity known as deadheading), actually added more pollution and congestion to cities, even compared to privately owned cars. Ride sharing’s digital future just put more cars on the road, and from what I saw every day, their drivers already drove like idiotic robots. Not a day goes by where I don’t witness an Uber driver making a suicidal, blind U-turn on a busy street, or pulling over in the middle of a bike lane without a signal, or driving the wrong way on a one-way street (my damn street!)

Fleets of self-driving electric vehicles were presented as the solution to so many of a city’s problems—public transit and trash collection, carbon emissions, congestion and accidents—and these would be supplemented by other digitally enabled vehicles, like the electronic scooters that already littered the sidewalks of cities around the world. Rather than replacing cars, many smart city plans proposed harnessing their true potential. By 2018 many cities were cutting deals with companies like Uber and Lyft to weave private ride sharing into their transit systems, based on the widely accepted promise that rideshares easily reduced congestion, emissions, and the other drawbacks of private car ownership, and paying them would be cheaper than investing in expanded bus service or building costly subway lines.

If you have restaurant people running it, digital technology can serve it. Uber Eats is worried about a onetime sale. We’re worried about a lifetime customer.” When you think about the original promise of the digital future of commerce, this makes perfect sense. Computers and the internet were designed as democratizing tools, placing the same powers in the hands of small businesses as held by large corporations. Digital commerce was supposed to allow anyone to sell anything and compete on a level playing field. But as markets consolidated and companies like Amazon, Uber, and Grubhub pursued a zero-sum game of commerce, the scales tipped, and analog became subservient to digital.


pages: 319 words: 90,965

The End of College: Creating the Future of Learning and the University of Everywhere by Kevin Carey

Albert Einstein, barriers to entry, Bayesian statistics, behavioural economics, Berlin Wall, Blue Ocean Strategy, business cycle, business intelligence, carbon-based life, classic study, Claude Shannon: information theory, complexity theory, data science, David Heinemeier Hansson, declining real wages, deliberate practice, discrete time, disruptive innovation, double helix, Douglas Engelbart, Douglas Engelbart, Downton Abbey, Drosophila, Fairchild Semiconductor, Firefox, Frank Gehry, Google X / Alphabet X, Gregor Mendel, informal economy, invention of the printing press, inventory management, John Markoff, Khan Academy, Kickstarter, low skilled workers, Lyft, Marc Andreessen, Mark Zuckerberg, meta-analysis, natural language processing, Network effects, open borders, pattern recognition, Peter Thiel, pez dispenser, Recombinant DNA, ride hailing / ride sharing, Ronald Reagan, Ruby on Rails, Sand Hill Road, self-driving car, Silicon Valley, Silicon Valley startup, social web, South of Market, San Francisco, speech recognition, Steve Jobs, technoutopianism, transcontinental railway, uber lyft, Vannevar Bush

He fiddled with his iPhone and frowned as cars rushed by. He was using an app on his iPhone that was supposed to summon another person with the same app to drive us, but the first guy flaked, so he switched to the popular limousine-summoning service Uber. The GPS chip in Michael’s phone told the Uber driver’s phone where to pick us up, and the fare was automatically charged to Michael’s credit card. This was a year or so before Uber and competitors like Lyft became ubiquitous in major cities worldwide. We were running behind schedule and I asked Michael if we should just take a regular taxi. He is by nature laid-back, so I was surprised to see him scowl.

., 157 Lewin, Walter, 190–91 Liberal arts, 16, 27–31, 237, 241, 244–45 in accreditation standards, 50 core curriculum for, 49 at elite universities, 179 online courses in, 158, 244 PhDs and, 35 rankings and, 59 teaching mission in, 253 training, research, and, 29, 33, 261n (see also Hybrid universities) Lincoln, Abraham, 25 LinkedIn, 66, 217 Litton Industries, 75 Livy, 25 London, University of, 23 Lue, Robert, 178–81, 211, 231 Lyft ride-sharing service, 122 MacArthur, General Douglas, 51, 90 MacArthur “Genius” awards, 2 MacBooks, 132, 144 Madison, James, 23 Manitoba, University of, 150 Maples, Mike, Jr., 128–30, 132 Marine Corps, U.S., 140 Marx, Karl, 45 Massachusetts Bay Colony, Great and General Court of, 22 Massachusetts Institute of Technology (MIT), 37–38, 59, 116, 132, 148, 153, 167–79, 245 admissions to, 39, 161, 212, 214–15, 245 Brain and Cognitive Sciences Complex, 1–4, 143, 173–74 Bush at, 51–52, 79, 125, 168 computer science sequence offered online by, 231, 233 founding of, 29, 167 General Institute Requirements, 14, 190, 241 graduation rate at, 8 hacks as source of pride at, 168–69 joint online course effort of Harvard and, see edX MITx, 169, 173, 203 OpenCourseWare, 107–8, 150, 169, 185, 191 prestige of brand of, 163, 181 Saylor at, 176–90 Secret of Life (7.00x) online offering of, see Introduction to Biology—The Secret of Life (7.00x) tour of campus of, 168, 174 wormhole connecting Stanford and cafeteria at, 174–75, 179, 235 Massive open online courses (MOOCs), 150, 154, 156, 158, 159, 185, 204, 255 global demand for, 225 initial audience for, 214–15 providers of, see names of specific companies and universities Master Plans, 35, 60, 64–65 Master’s degrees, 117, 193, 195–96 Mayo Clinic, 242 Mazur, Eric, 137 “M-Badge” system, 208–9 McGill University, 204 Mellon Institute of Science, 75, 76, 229 Memex, 79, 80 Mendelian genetics, 3, 103–4 Miami-Dade Community College, 64 Microsoft, 128, 139, 145, 146, 188, 204 MicroStrategy, 187–91, 199 Middle States Association of Colleges and Schools, 50 Minerva Project, 133–38, 141, 215, 235, 236, 243 Minnesota, University of, Rochester (UMR), 242–43 Missouri, University of, 208 Moore’s law, 176 Morrill, Justin Smith, 25–26 Morrill Land-Grant Act (1862), 25, 168 Mosaic software program, 126 Mozilla Foundation, 205–8, 218, 248 MS-DOS, 87 Myanganbayar, Battushig, 214, 215 NASDAQ, 177, 188 National Aeronautics and Space Administration (NASA), 208 National Broadcasting Company (NBC), 96 National Bureau of Economic Research, 10 National Institutes of Health, 52 National Instruments, 216 National Manufacturing Institute, 208 National Oceanic and Atmospheric Administration, 208 National Science Foundation, 52 National Survey of Student Engagement, 243 Navy, U.S., 53, 123 Nebraska, University of, 26 Nelson, Ben, 133–35, 139, 181 Netflix, 131, 145 Netscape, 115, 126, 128, 129, 204–5 Newell, Albert, 79, 105 New Jersey, College of, 23 Newman, John Henry, 27–29, 47, 49, 244 Newman Report (1971), 56 Newton, Isaac, 190 New York, State University of, Binghamton, 183–84 New York City public schools, 1, 44 New York Times, 9, 44, 56–57, 107–8, 149, 170 New York University (NYU), 9, 64, 96, 250 Ng, Andrew, 153, 158 Nicomachean Ethics (Aristotle), 17 Nimitz, Admiral Chester W., 90 NLS/Augment, 125 Nobel Prize, 3, 45, 59, 78, 80, 176 Northeastern University, 64 Northern Arizona University, 229–30 Health and Learning Center, 230 Northern Iowa, University of, 55 Norvig, Peter, 149, 170, 227–28, 232 Notre Dame (Paris), cathedral school at, 18 Nurkiewicz, Tomasz, 218 Obama, Barack, 2 Oberlin College, 46 O’Brien, Conan, 166 Oklahoma, University of, 90 Omdurman Islamic University, 88 oNLine system, 125–26 Open Badges, 207 Open source materials and software, 177, 205–6, 215, 223, 232 Organisation for Economic Co-operation and Development, 9, 224 Overeducated American, The (Freeman), 56 Oxford University, 19, 21, 23, 24, 92, 135 Packard, David, 123 Parkinson’s disease, 70 Paris, University of, 18–19, 21, 137 Pauli, Wolfgang, 176 Pauling, Linus, 70 Pausch, Randy, 71–72 Peace Corps, 125 Pellar, Ronald (“Doctor Dante”), 208 Pell Grant Program, 56 Penguin Random House, 146 Pennsylvania, University of, 23, 24, 31 Wharton Business School, 155 Pennsylvania State University, 53 People magazine, 57 Pez dispensers, 146 Phaedrus (Socrates), 20, 98 PhDs, 7, 55, 117, 141, 193, 237, 250, 254 adjunct faculty replacing, 252 college rankings based on number of scholars with, 59 regional universities and community colleges and, 60, 64, 253 as requirement for teaching in hybrid universities, 31–33, 35, 50, 60, 224 Silicon Valley attitude toward, 66 Philadelphia, College of, 23 Philip of Macedon, 92 Phoenix, University of, 114 Piaget, Jean, 84, 227 Piazza, 132 Pittsburgh, University of, 73–76 Pixar, 146 Planck, Max, 45 Plato, 16, 17, 21, 31, 44, 250–51 Portman, Natalie, 165 Powell, Walter, 50, 117 Princeton University, 1–2, 23, 112, 134, 161, 245 Principia (Newton), 190 Protestantism, 24 Public universities, 7, 55, 177, 224, 253 Purdue University, 96, 208 Puritans, 22–24 Queens College, 23 Quizlet, 133 Rafter, 131–32 Raphael, 16, 17 Reader’s Guide to Periodical Literature, 87 Reagan, Ronald, 56 Regional universities, 55, 60, 64 Reid, Harry, 42 Renaissance, 19 Rhode Island, College of, 23 Rhodes Scholarships, 2 Rice University, 204 RNA, 3 Rockstar Games, 230 Roksa, Josipa, 9, 36, 85, 244 Romans, ancient, 16 Roosevelt, Theodore, 165 Ruby on Rails Web development framework, 144 Rutgers University, 23 Sample, Steven, 64 Samsung, 146 San Jose State University, 177 Sandel, Michael, 177 SAT scores, 63, 136–37, 171, 195, 213 Saylor, Michael, 186–93, 199, 201 Saylor.org, 191, 223, 231 Schelling, Friedrich Wilhelm Joseph, 45 School of Athens, The (Raphael), 16 Schopenhauer, Arthur, 45 Science: The Endless Frontier (Bush), 51 Scientific American, 92, 155 Scientific Research and Development, U.S.

Then it’s random whether they have a credit card machine, and if they do, they hassle you to pay cash even though he never carries cash with him, or they run his credit card through some kind of mechanical impression machine that must have been invented in the nineteenth century. He’s not putting up with it. We’re going with Uber. The Uber showed up a few minutes later, and as we bumped along the downtown streets, dodging cable cars and oncoming traffic, it occurred to me that I, too, was annoyed by every single aspect of the standard taxi experience that Michael had described. But I had simply learned to live with it, because it hadn’t occurred to me that things could be different.


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The Nation City: Why Mayors Are Now Running the World by Rahm Emanuel

Affordable Care Act / Obamacare, Airbnb, Big Tech, bike sharing, blockchain, carbon footprint, clean water, data science, deindustrialization, disinformation, Donald Trump, Edward Glaeser, Enrique Peñalosa, Filter Bubble, food desert, gentrification, high-speed rail, income inequality, informal economy, Jane Jacobs, Kickstarter, Lyft, megacity, military-industrial complex, new economy, New Urbanism, offshore financial centre, opioid epidemic / opioid crisis, payday loans, ride hailing / ride sharing, Ronald Reagan, Salesforce, San Francisco homelessness, Silicon Valley, The Death and Life of Great American Cities, the High Line, transcontinental railway, Uber and Lyft, uber lyft, urban planning, War on Poverty, white flight, working poor

We also found some money in a federal program called Congestion Mitigation and Air Quality Improvement. We had a start, but we needed more. So I put on my dancing shoes and went down to Springfield. I cajoled our state to change TIF regulations so we could apply TIFs to transportation. We also levied a first-ever fee on the ride-sharing companies Uber and Lyft, which raised $16 million in its first year (2017). We used that money to raise $180 million in bonds to be used for capital improvement. We did this—the biggest modernization of our transit system in the city’s history—without raising our tax rates or fare increases, and without a new federal transportation bill.

The idea is to help the students cope with such feelings as frustration and to “think about their thinking.” This is vitally important: Much of the violence we see in our cities is impulsive, an overreaction to provocation. I loved the program from the beginning, and I did much to enhance and boost its reach. We funded some of it from a $10.4 million settlement we received after we sued Uber and Lyft for inadequate background checks on their drivers. This idea was hatched at the University of Chicago Crime Lab. We started to scale it up, and it now reaches 7,000 young men and is being copied by other cities, such as Boston. The goal is to reach all young men in crime-ridden neighborhoods by ensuring they are in a mentoring program from seventh to eleventh grades.

Most of its residents use bicycles as their primary mode of transportation, and the city has a mandate that there must be either a park or a beach within a fifteen-minute walk of every city resident. Copenhagen has twenty-two Michelin-rated restaurants. And it’s ranked as one of the happiest cities in the world by the United Nations. Copenhagen comes very close to hitting the uber-city trifecta: It’s a great place to live, work, and play. It wasn’t always like that, though. As I mentioned earlier, it wasn’t too long ago that Copenhagen was in crisis, verging on bankruptcy and suffering through close to 18 percent unemployment. Right around that time, in 1989, the people of Copenhagen elected a former math and Danish teacher named Jens Kramer Mikkelsen as their new mayor.


pages: 387 words: 106,753

Why Startups Fail: A New Roadmap for Entrepreneurial Success by Tom Eisenmann

Airbnb, Atul Gawande, autonomous vehicles, Ben Horowitz, Big Tech, bitcoin, Blitzscaling, blockchain, call centre, carbon footprint, Checklist Manifesto, clean tech, conceptual framework, coronavirus, corporate governance, correlation does not imply causation, COVID-19, crowdsourcing, Daniel Kahneman / Amos Tversky, data science, Dean Kamen, drop ship, Elon Musk, fail fast, fundamental attribution error, gig economy, growth hacking, Hyperloop, income inequality, initial coin offering, inventory management, Iridium satellite, Jeff Bezos, Jeff Hawkins, Larry Ellison, Lean Startup, Lyft, Marc Andreessen, margin call, Mark Zuckerberg, minimum viable product, Network effects, nuclear winter, Oculus Rift, PalmPilot, Paul Graham, performance metric, Peter Pan Syndrome, Peter Thiel, reality distortion field, Richard Thaler, ride hailing / ride sharing, risk/return, Salesforce, Sam Altman, Sand Hill Road, side project, Silicon Valley, Silicon Valley startup, Skype, social graph, software as a service, Solyndra, speech recognition, stealth mode startup, Steve Jobs, TED Talk, two-sided market, Uber and Lyft, Uber for X, uber lyft, vertical integration, We wanted flying cars, instead we got 140 characters, WeWork, Y Combinator, young professional, Zenefits

Fab was copied in Europe by Rocket Internet, a Berlin-based incubator that targets successful U.S. startups. Intense rivalry can have nasty consequences for profitability. New entrants often launch with low prices to gain a foothold, and incumbents must respond with price cuts to protect their market share. And if they vie for the same resources—like drivers, in the case of Uber and Lyft—rivals will bid up costs. Quality and customer service problems. Hypergrowth can strain a startup’s operations and contribute to quality problems—especially when the company relies on large numbers of employees in production and customer service. It can be difficult to hire enough employees to staff these functions, and then train them to get the job done right.

Middle managers start to wonder if senior management really knows what’s going on and what needs to be done—especially since the CEO is spending so much time out of the office, trying to raise more capital. Step 9: Ethical Lapses. Sometimes, the relentless pressure to sustain growth leads entrepreneurs to cut legal, regulatory, or ethical corners. Uber, for example, was accused of encouraging its employees to book and then cancel rides with its rival, Lyft. Zenefits, a licensed health insurance broker, created software that allegedly allowed its new salespeople to cheat on state licensing exams to sustain the startup’s rapid growth. At Fab, however, Goldberg avoided this ethical slippery slope. Step 10: Investor Alarm.

Regardless of whether an entrepreneur pursues a gradual path or a big bang, each of the four ways to expand a startup’s scope comes with pros and cons: Geographic Reach. Many startups are tempted to enter new territories. Uber, for example, launched into city after city in the United States, then followed the same playbook overseas. Investors aiming for a bigger opportunity will pressure an entrepreneur to pursue this strategy. There are other reasons for geographic expansion. Entering another market is much easier when you can leverage the know-how you gained in your earlier markets, as Uber did. And, the presence of competitors in other territories may motivate entry. As rivals gain momentum, a startup’s window of opportunity to compete successfully in a new territory may close.


pages: 486 words: 150,849

Evil Geniuses: The Unmaking of America: A Recent History by Kurt Andersen

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, affirmative action, Affordable Care Act / Obamacare, air traffic controllers' union, airline deregulation, airport security, Alan Greenspan, always be closing, American ideology, American Legislative Exchange Council, An Inconvenient Truth, anti-communist, Apple's 1984 Super Bowl advert, artificial general intelligence, autonomous vehicles, basic income, Bear Stearns, Bernie Sanders, blue-collar work, Bonfire of the Vanities, bonus culture, Burning Man, call centre, Capital in the Twenty-First Century by Thomas Piketty, carbon tax, Cass Sunstein, centre right, computer age, contact tracing, coronavirus, corporate governance, corporate raider, cotton gin, COVID-19, creative destruction, Credit Default Swap, cryptocurrency, deep learning, DeepMind, deindustrialization, Donald Trump, Dr. Strangelove, Elon Musk, ending welfare as we know it, Erik Brynjolfsson, feminist movement, financial deregulation, financial innovation, Francis Fukuyama: the end of history, future of work, Future Shock, game design, General Motors Futurama, George Floyd, George Gilder, Gordon Gekko, greed is good, Herbert Marcuse, Herman Kahn, High speed trading, hive mind, income inequality, industrial robot, interchangeable parts, invisible hand, Isaac Newton, It's morning again in America, James Watt: steam engine, Jane Jacobs, Jaron Lanier, Jeff Bezos, jitney, Joan Didion, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, Joseph Schumpeter, junk bonds, Kevin Roose, knowledge worker, lockdown, low skilled workers, Lyft, Mark Zuckerberg, market bubble, mass immigration, mass incarceration, Menlo Park, Naomi Klein, new economy, Norbert Wiener, Norman Mailer, obamacare, Overton Window, Peter Thiel, Picturephone, plutocrats, post-industrial society, Powell Memorandum, pre–internet, public intellectual, Ralph Nader, Right to Buy, road to serfdom, Robert Bork, Robert Gordon, Robert Mercer, Ronald Reagan, Saturday Night Live, Seaside, Florida, Second Machine Age, shareholder value, Silicon Valley, social distancing, Social Responsibility of Business Is to Increase Its Profits, Steve Jobs, Stewart Brand, stock buybacks, strikebreaker, tech billionaire, The Death and Life of Great American Cities, The Future of Employment, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, Tim Cook: Apple, too big to fail, trickle-down economics, Tyler Cowen, Tyler Cowen: Great Stagnation, Uber and Lyft, uber lyft, union organizing, universal basic income, Unsafe at Any Speed, urban planning, urban renewal, very high income, wage slave, Wall-E, War on Poverty, We are all Keynesians now, Whole Earth Catalog, winner-take-all economy, women in the workforce, working poor, young professional, éminence grise

.*6 Companies don’t even need to merge in order to pay workers less than they’d have to pay in a truly free labor market. I’d assumed only high-end employees were ever required to sign noncompete contracts—an HBO executive prohibited from going to work at Netflix, a coder at Lyft who can’t take a job coding for Uber. But no: shockingly, noncompetes have come to be used just as much to prevent a $10-an-hour fry cook at Los Pollos Hermanos from quitting to work for $10.75 at Popeyes. Of all American workers making less than $40,000 a year, one in eight are bound by noncompete agreements. As another way to reduce workers’ leverage, three-quarters of fast-food franchise chains have contractually prohibited their restaurant operators from hiring workers away from fellow franchisees.

Among those fast-food workers are some of the 3.4 million American cashiers, who are officially distinct from the 4.1 million American retail sales workers—and obviously the great majority of all of them are replaceable sooner rather than later by e-commerce and improved self-checkout machines, known in the industry as “semi-attended customer-activated terminals.” Starting now, retail chains will have a public health argument for replacing workers behind the counters with machines. The most common American job, however, has been driver—the 4 or 5 million FedEx and UPS and tractor-trailer and bus drivers, and the maybe 2 million taxi and Uber and Lyft drivers. During this decade, autonomous vehicles will begin making the 6 or 7 million (potentially infectious) people doing those jobs redundant as well. That debate over whether to blame automation or cheap labor for eliminating U.S. jobs and suppressing wages is continuing to become moot, because robots are replacing foreign workers as well, both here and abroad.

As that second category of workers grew from a minority to the overwhelming majority during the last half of the last century, relatively few of them remained or became successfully unionized—that was left mainly to employees of state and local government, hospitals, hotels, casinos, and show business. As workplaces became smaller and employees more dispersed—or transformed into pseudo-nonemployees, like at Uber and Lyft—the work of organizing workers got harder. But along with the public’s reviving wish for big government to tackle big problems and projects, the organized labor tide may be turning as well. Answering Gallup’s regular binary question in 2019 about approval or disapproval of unions, people were pro-labor by two to one; only a decade ago, the split was about even.


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Thank You for Being Late: An Optimist's Guide to Thriving in the Age of Accelerations by Thomas L. Friedman

3D printing, additive manufacturing, affirmative action, Airbnb, AltaVista, Amazon Web Services, Anthropocene, Apple Newton, autonomous vehicles, Ayatollah Khomeini, barriers to entry, Berlin Wall, Bernie Sanders, Big Tech, biodiversity loss, bitcoin, blockchain, Bob Noyce, business cycle, business process, call centre, carbon tax, centre right, Chris Wanstrath, Clayton Christensen, clean tech, clean water, cloud computing, cognitive load, corporate social responsibility, creative destruction, CRISPR, crowdsourcing, data science, David Brooks, deep learning, demand response, demographic dividend, demographic transition, Deng Xiaoping, digital divide, disinformation, Donald Trump, dual-use technology, end-to-end encryption, Erik Brynjolfsson, fail fast, failed state, Fairchild Semiconductor, Fall of the Berlin Wall, Ferguson, Missouri, first square of the chessboard / second half of the chessboard, Flash crash, fulfillment center, game design, gig economy, global pandemic, global supply chain, Great Leap Forward, illegal immigration, immigration reform, income inequality, indoor plumbing, intangible asset, Intergovernmental Panel on Climate Change (IPCC), Internet of things, invention of the steam engine, inventory management, Irwin Jacobs: Qualcomm, Jeff Bezos, job automation, John Markoff, John von Neumann, Khan Academy, Kickstarter, knowledge economy, knowledge worker, land tenure, linear programming, Live Aid, low interest rates, low skilled workers, Lyft, Marc Andreessen, Mark Zuckerberg, mass immigration, Maui Hawaii, Menlo Park, Mikhail Gorbachev, mutually assured destruction, Neil Armstrong, Nelson Mandela, ocean acidification, PalmPilot, pattern recognition, planetary scale, power law, pull request, Ralph Waldo Emerson, ransomware, Ray Kurzweil, Richard Florida, ride hailing / ride sharing, Robert Gordon, Ronald Reagan, Salesforce, Second Machine Age, self-driving car, shareholder value, sharing economy, Silicon Valley, Skype, smart cities, Solyndra, South China Sea, Steve Jobs, subscription business, supercomputer in your pocket, synthetic biology, systems thinking, TaskRabbit, tech worker, TED Talk, The Rise and Fall of American Growth, Thomas L Friedman, Tony Fadell, transaction costs, Transnistria, uber lyft, undersea cable, urban decay, urban planning, Watson beat the top human players on Jeopardy!, WikiLeaks, women in the workforce, Y2K, Yogi Berra, zero-sum game

She sent back the following list: • Tell you what to wear & provide the weather forecast for interview day • Where to go with Google street map view of job location & public transit route to job location • Send interview reminders about the time and how long you should prepare to get there • Have you dial-in to a practice interview line, record your answers, then hear “best practices” answers • Provide tips from previously hired job seekers or managers at each step • Provide more transparency of what and why at each step of a job search so that the benefits are clear • Show other previously hired job seekers at the job location • Share interesting facts about the location and the manager with job seekers • Provide more info about the hiring manager whom they will meet • Ask job seekers to share interesting facts about themselves with the hiring managers • Auto schedule a Lyft or Uber to take them to their interview • Remind you to send a thank-you note to the interviewer Concluded Ringwald: “Everyone needs someone who says, ‘I believe in you’ … There is not just a skills gap—there’s a confidence gap.” And you can’t sustainably fill one without the other. You Need Work on Fractions Maybe the most popular intelligent assistant in the world today is Khan Academy, which was started in 2006 by the educator Salman “Sal” Khan and offers free, short YouTube video lessons in English on subjects ranging from math, art, computer programming, economics, physics, chemistry, biology, and medicine to finance, history, and more.

Or consider this story from Sydney, Australia. On December 24, 2015, the mobile taxi-booking app Uber had to apologize for instituting surge pricing during a terrorist incident at a café, in which three people plus the gunmen were killed during a sixteen-hour siege. BBCNews.com reported that after a gunman took over the café and people started fleeing from the area by foot and by car, Uber’s “surge pricing” algorithm “raised fares by as much as four times its normal rate.” On the day of the Martin Place siege in Sydney, Uber came under heavy criticism on social media for raising its fares, so it started offering free rides out of the city.

And now suddenly so many more people are meeting gay people. If empathy comes about through human interaction, this system creates so many more opportunities for that.” The day I interviewed Gorbis, Bettina Warburg, a researcher at the Institute for the Future, told me this story from her recent commute in the San Francisco area: “I was riding in a Lyft the other morning—where you ride-share with others headed in the same direction. My driver chatted with me and mentioned his last [passenger] was ‘voted out of the car,’ because he was expressing extreme homophobic rhetoric. He said, ‘You won’t get a ride in San Francisco with those values—you are in the wrong city.’


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Arriving Today: From Factory to Front Door -- Why Everything Has Changed About How and What We Buy by Christopher Mims

air freight, Airbnb, Amazon Robotics, Amazon Web Services, Apollo 11, augmented reality, autonomous vehicles, big-box store, blue-collar work, Boeing 747, book scanning, business logic, business process, call centre, cloud computing, company town, coronavirus, cotton gin, COVID-19, creative destruction, data science, Dava Sobel, deep learning, dematerialisation, deskilling, digital twin, Donald Trump, easy for humans, difficult for computers, electronic logging device, Elon Musk, Frederick Winslow Taylor, fulfillment center, gentrification, gig economy, global pandemic, global supply chain, guest worker program, Hans Moravec, heat death of the universe, hive mind, Hyperloop, immigration reform, income inequality, independent contractor, industrial robot, interchangeable parts, intermodal, inventory management, Jacquard loom, Jeff Bezos, Jessica Bruder, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, Joseph Schumpeter, Kaizen: continuous improvement, Kanban, Kiva Systems, level 1 cache, Lewis Mumford, lockdown, lone genius, Lyft, machine readable, Malacca Straits, Mark Zuckerberg, market bubble, minimum wage unemployment, Nomadland, Ocado, operation paperclip, Panamax, Pearl River Delta, planetary scale, pneumatic tube, polynesian navigation, post-Panamax, random stow, ride hailing / ride sharing, robot derives from the Czech word robota Czech, meaning slave, Rodney Brooks, rubber-tired gantry crane, scientific management, self-driving car, sensor fusion, Shenzhen special economic zone , Shoshana Zuboff, Silicon Valley, six sigma, skunkworks, social distancing, South China Sea, special economic zone, spinning jenny, standardized shipping container, Steve Jobs, supply-chain management, surveillance capitalism, TED Talk, the scientific method, Tim Cook: Apple, Toyota Production System, traveling salesman, Turing test, two-sided market, Uber and Lyft, Uber for X, uber lyft, Upton Sinclair, vertical integration, warehouse automation, warehouse robotics, workplace surveillance

By being a gigantic, highly visible company that offers above-market wages, plus health-care benefits starting on day one, Amazon is able to attract huge numbers of applicants. And because it relentlessly pursues automation to make the jobs of its workers ever simpler and more error-proof, it can attract and productively employ huge numbers of potential associates regardless of their level of skill or education. The genius of ride-sharing companies Uber and Lyft (not to mention delivery start-ups Postmates and Instacart) is that thanks to two-sided marketplaces run by software, route-planning algorithms, and GPS, all you need to know to work for these companies is how to drive a car. In the same way, the genius of Amazon is that all you need to possess in order to work in one of its warehouses are sensorimotor skills most people acquired by the time they’re in grade school.

In 2018 and again in 2019, venture capitalists poured about $3.6 billion into trucking and related freight start-ups, an amount without precedent in the history of the industry. Marquee names like Uber are using investor capital to build Uber Freight, which claims to eliminate some of the inefficiencies of trucking by, for example, having drivers drop off and immediately pick up fully loaded trailers rather than waiting for them to be emptied or filled. But all these efforts should be regarded with a healthy skepticism. Truck transportation is the land war in Asia of investment opportunities. Ray’s own experience with start-up Coyote, a logistics firm recently acquired by UPS, and Amazon Logistics indicate that smartphone-accessible, Uber-style marketplaces for booking truckloads of freight may not gain much traction in an industry in which every driver and trucking company is an eccentric combination of needs, wants, shortcomings, and talents, and best suited to certain regions, conditions, times of day, types of freight, and shippers.

See also delivery of goods to consumers; self-driving trucks Trump, Donald, 9, 125, 280 Tsang, Jeff, 27, 29–32, 34, 36–40, 42 tugboats, towing, and towropes, 50, 59–61, 63, 64, 67 Tuohy, Ryan, 263–66, 269 Turing test, 179 turnover, 111, 113, 204, 210, 214, 216, 237, 245, 280 TuSimple, 142, 143, 145, 148, 152, 154–55, 156, 267 twistlocks and lashings, 34, 69, 84 2M, 22 Uber, 102, 135, 138, 157, 217, 265, 279 Uber Eats, 266, 279 Uber Freight, 138, 157 Unimate (first industrial robot), 247 unions and unionization: at Amazon, 171, 210–11, 278; of delivery drivers, 277–78; factory jobs compared with warehouse work, 218; of long-haul truckers, 110, 137; of longshoremen, 33, 45, 69–74, 85; Taylorism and other management systems, 103, 229.


pages: 179 words: 43,441

The Fourth Industrial Revolution by Klaus Schwab

"World Economic Forum" Davos, 3D printing, additive manufacturing, Airbnb, Amazon Mechanical Turk, Amazon Web Services, Anthropocene, augmented reality, autonomous vehicles, barriers to entry, Baxter: Rethink Robotics, bitcoin, blockchain, Buckminster Fuller, call centre, circular economy, clean water, collaborative consumption, commoditize, conceptual framework, continuous integration, CRISPR, cross-border payments, crowdsourcing, digital divide, digital twin, disintermediation, disruptive innovation, distributed ledger, driverless car, Edward Snowden, Elon Musk, epigenetics, Erik Brynjolfsson, future of work, global value chain, Google Glasses, hype cycle, income inequality, Internet Archive, Internet of things, invention of the steam engine, job automation, job satisfaction, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, life extension, Lyft, Marc Benioff, mass immigration, megacity, meta-analysis, more computing power than Apollo, mutually assured destruction, Narrative Science, Network effects, Nicholas Carr, nuclear taboo, OpenAI, personalized medicine, precariat, precision agriculture, Productivity paradox, race to the bottom, randomized controlled trial, reshoring, RFID, rising living standards, Sam Altman, Second Machine Age, secular stagnation, self-driving car, sharing economy, Silicon Valley, smart cities, smart contracts, social contagion, software as a service, Stephen Hawking, Steve Jobs, Steven Levy, Stuxnet, supercomputer in your pocket, synthetic biology, TaskRabbit, The Future of Employment, The Spirit Level, total factor productivity, transaction costs, Uber and Lyft, uber lyft, Watson beat the top human players on Jeopardy!, Wayback Machine, WikiLeaks, winner-take-all economy, women in the workforce, working-age population, Y Combinator, Zipcar

Well-known examples of the sharing economy exist in the transportation sector. Zipcar provides one method for people to share use of a vehicle for shorter periods of time and more reasonably than traditional rental car companies. RelayRides provides a platform to locate and borrow someone’s personal vehicle for a period of time. Uber and Lyft provide much more efficient “taxi-like” services from individuals, but aggregated through a service, enabled by location services and accessed through mobile apps. In addition, they are available at a moment’s notice. The sharing economy has any number of ingredients, characteristics or descriptors: technology enabled, preference for access over ownership, peer to peer, sharing of personal assets (versus corporate assets), ease of access, increased social interaction, collaborative consumption and openly shared user feedback (resulting in increased trust).

Foster, Andrey Rzhetsky and James A. Evans, “Tradition and Innovation in Scientists’ Research Strategies”, American Sociological Review, October 2015 80: 875-908 http://www.knowledgelab.org/docs/1302.6906.pdf 13 Mike Ramsay and Douglas Cacmillan, “Carnegie Mellon Reels After Uber Lures Away Researchers”, Wall Street Journal, 31 May 2015 http://www.wsj.com/articles/is-uber-a-friend-or-foe-of-carnegie-mellon-in-robotics-1433084582 14 World Economic Forum, Deep Shift – Technology Tipping Points and Societal Impact, Survey Report, Global Agenda Council on the Future of Software and Society, September 2015. 15 For more details on the survey methodology, please refer to pages 4 and 39 of the report referenced in the previous note. 16 UK Office of National Statistics, “Surviving to Age 100”, 11 December 2013, http://www.ons.gov.uk/ons/rel/lifetables/historic-and-projected-data-from-the-period-and-cohort-life-tables/2012-based/info-surviving-to-age-100.html 17 The Conference Board, Productivity Brief 2015, 2015.

Simply put, major technological innovations are on the brink of fuelling momentous change throughout the world – inevitably so. The scale and scope of change explain why disruption and innovation feel so acute today. The speed of innovation in terms of both its development and diffusion is faster than ever. Today’s disruptors – Airbnb, Uber, Alibaba and the like – now household names - were relatively unknown just a few years ago. The ubiquitous iPhone was first launched in 2007. Yet there were as many as 2 billion smart phones at the end of 2015. In 2010 Google announced its first fully autonomous car. Such vehicles could soon become a widespread reality on the road.


pages: 336 words: 95,773

The Theft of a Decade: How the Baby Boomers Stole the Millennials' Economic Future by Joseph C. Sternberg

Affordable Care Act / Obamacare, Airbnb, Alan Greenspan, American Legislative Exchange Council, Asian financial crisis, banking crisis, Basel III, Bear Stearns, Bernie Sanders, blue-collar work, centre right, corporate raider, Detroit bankruptcy, Donald Trump, Edward Glaeser, employer provided health coverage, Erik Brynjolfsson, eurozone crisis, financial engineering, future of work, gig economy, Gordon Gekko, hiring and firing, Home mortgage interest deduction, housing crisis, independent contractor, job satisfaction, job-hopping, labor-force participation, low interest rates, low skilled workers, Lyft, Marc Andreessen, Mark Zuckerberg, minimum wage unemployment, mortgage debt, mortgage tax deduction, Nate Silver, new economy, obamacare, oil shock, payday loans, pension reform, quantitative easing, Richard Florida, Ronald Reagan, Saturday Night Live, Second Machine Age, sharing economy, Silicon Valley, sovereign wealth fund, Steve Bannon, stop buying avocado toast, TaskRabbit, total factor productivity, Tyler Cowen, Tyler Cowen: Great Stagnation, uber lyft, unpaid internship, women in the workforce

But the technology is an important part of the story of the gig economy less because it has created revolutionary new gig work than because it proves the bigger point of this chapter: enormous quantities of investment capital have flowed into companies creating these apps because making an app that will take the middleman out of temporary hiring is currently a lot cheaper than investing in almost any business activity that would create a full-time job. Indeed, the entire appeal of companies such as Uber is that they do not have a large workforce that subjects them to expensive labor taxes, costs, and regulations. Instead, the most important fact about the modern gig economy is its preoccupation with sweating capital as much as humanly possible—maximizing the profits from capital assets that a “sharing-economy” entrepreneur already owns—while investing as little as possible in labor. The central premise of Uber or Lyft or Airbnb or many other sharing platforms is that the app will allow a micro-entrepreneur (or the platform itself) to extract maximum profits from personal assets like a car or an apartment that otherwise would sit idle for large parts of the day.

What exactly is the “gig economy”? One thing it isn’t is new. Freelancers and part-timers have always been important parts of the economy. What also isn’t as special about the gig economy as many people think is the thing that always catches everyone’s attention about it—the technology. Smartphone apps like Uber or Lyft or TaskRabbit make it a lot easier for workers to offer themselves as temporary employees without going through an agency, and the lower cost thresholds associated with hiring individuals to do jobs via an app mean that “temporary” can become as short as a single car ride. But the technology is an important part of the story of the gig economy less because it has created revolutionary new gig work than because it proves the bigger point of this chapter: enormous quantities of investment capital have flowed into companies creating these apps because making an app that will take the middleman out of temporary hiring is currently a lot cheaper than investing in almost any business activity that would create a full-time job.

In the developed world, we’ve licked the childhood diseases—polio, measles, whooping cough, smallpox—that used to terrify the parents of the Baby Boom generation as they sent their children out to the playground or the public swimming pool. Almost every aspect of daily life is easier now than it was even twenty years ago, from doing homework (Google), to communication (iPhone), to entertainment (Netflix), even to hailing a taxi (Uber) or finding a mate (Tinder). Millennials are the first American generation in at least three not to grow up against the backdrop of a major war threatening its young men with mass conscription just as they enter adulthood.‡ Much of this is the legacy of the Baby Boomers. The way we talk about the Boomers is just as skewed as the way we discuss their Millennial young adult children.


User Friendly by Cliff Kuang, Robert Fabricant

A Pattern Language, Abraham Maslow, Airbnb, anti-communist, Any sufficiently advanced technology is indistinguishable from magic, Apple II, augmented reality, autonomous vehicles, behavioural economics, Bill Atkinson, Brexit referendum, Buckminster Fuller, Burning Man, business logic, call centre, Cambridge Analytica, Chuck Templeton: OpenTable:, cognitive load, computer age, Daniel Kahneman / Amos Tversky, dark pattern, data science, Donald Trump, Douglas Engelbart, Douglas Engelbart, driverless car, Elaine Herzberg, en.wikipedia.org, fake it until you make it, fake news, Ford Model T, Frederick Winslow Taylor, frictionless, Google Glasses, Internet of things, invisible hand, James Dyson, John Markoff, Jony Ive, knowledge economy, Kodak vs Instagram, Lyft, M-Pesa, Mark Zuckerberg, mobile money, Mother of all demos, move fast and break things, Norbert Wiener, Paradox of Choice, planned obsolescence, QWERTY keyboard, randomized controlled trial, replication crisis, RFID, scientific management, self-driving car, seminal paper, Silicon Valley, skeuomorphism, Skinner box, Skype, smart cities, Snapchat, speech recognition, Steve Jobs, Steve Wozniak, tacit knowledge, Tesla Model S, three-martini lunch, Tony Fadell, Uber and Lyft, Uber for X, uber lyft, Vannevar Bush, women in the workforce

It just had to be slightly out of reach—much like how the final reel on a slot machine will slow down to make you think you’re just about to hit three cherries, then slip by at the last moment. Uber and Lyft both tantalize drivers with another feature, which Uber calls “forward dispatch,” that queues up the next drive before the present one has ended—much like Netflix queues up the next episode of a series. “It requires very little effort to binge on Netflix; in fact, it takes more effort to stop than keep going,” noted the scholars Matthew Pittman and Kim Sheehan. The feature was so successful that Uber drivers nearly revolted, because they felt unable to take bathroom breaks. The company eventually added a pause button, but defended itself by pointing out that drivers want to stay busy earning money.

Consider two examples from recent history: when a driverless Uber killed a pedestrian in Arizona while driving at night; and in Hawaii when, during a routine drill, a hapless employee sent a nuclear missile warning that reached tens of thousands of people. Uber had been testing its self-driving cars on the open road for a few years until the night of March 18, 2018, when, in Tempe, Arizona, one of them, driving forty miles per hour, killed Elaine Herzberg while she was crossing the street.23 A week later, the Tempe chief of police said she suspected that Uber was not at fault.24 The day after that, I saw a headline on my phone that read, “Woman Killed by Driverless Car Likely Homeless.”

Government,” Reuters, June 19, 2017, www.reuters.com/article/us-tesla-crash/tesla-driver-in-fatal-autopilot-crash-got-numerous-warnings-u-s-government-idUSKBN19A2XC; “Transport Safety Body Rules Safeguards ‘Were Lacking’ in Deadly Tesla Crash,” Guardian, September 12, 2017, www.theguardian.com/technology/2017/sep/12/tesla-crash-joshua-brown-safety-self-driving-cars. 22. “Transport Safety Body Rules Safeguards ‘Were Lacking.’” 23. Ryan Randazzo et al., “Self-Driving Uber Vehicle Strikes, Kills 49-Year-Old Woman in Tempe,” AZCentral.com, March 19, 2018, www.azcentral.com/story/news/local/tempe-breaking/2018/03/19/woman-dies-fatal-hit-strikes-self-driving-uber-crossing-road-tempe/438256002/. 24. Carolyn Said, “Exclusive: Tempe Police Chief Says Early Probe Shows No Fault by Uber,” San Francisco Chronicle, March 26, 2018, www.sfchronicle.com/business/article/Exclusive-Tempe-police-chief-says-early-probe-12765481.php. 25.


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Do Nothing: How to Break Away From Overworking, Overdoing, and Underliving by Celeste Headlee

8-hour work day, agricultural Revolution, airport security, Atul Gawande, Bertrand Russell: In Praise of Idleness, correlation does not imply causation, deliberate practice, Downton Abbey, Dunbar number, Elon Musk, estate planning, financial independence, Ford paid five dollars a day, gamification, hedonic treadmill, helicopter parent, Henri Poincaré, hive mind, income inequality, James Watt: steam engine, Jeff Bezos, John Maynard Keynes: Economic Possibilities for our Grandchildren, knowledge worker, Lyft, new economy, Parkinson's law, performance metric, Ronald Reagan, Silicon Valley, Snapchat, Steve Jobs, tech billionaire, tech worker, TED Talk, The Theory of the Leisure Class by Thorstein Veblen, The Wisdom of Crowds, theory of mind, Thorstein Veblen, Torches of Freedom, trickle-down economics, uber lyft, women in the workforce, work culture

I think we can safely assume that working up until nearly the moment her baby was born was not part of Mary’s birth plan. I haven’t spoken to Mary, and it’s certainly possible that she wasn’t in much pain and was delighted about how things turned out. I’ve talked to many drivers who love their jobs with Lyft and Uber. Maybe Mary views the events of that night as a cute story, much like Lyft does. But this story is bigger than Mary, because it’s a reflection of a global attitude about work-life balance. The reasons Mary might have felt compelled to stay in that car and pick up another fare are probably various. Many people work extra hours in order to cover medical expenses or to pay high rent or inflated car insurance bills.

“Our economies [haven’t] been shaped by our idea of fairness,” writes Ethan Watters, author of Crazy Like Us: The Globalization of the American Psyche. “It was the other way around.” Corporate values have seeped into nearly all areas of private life. In 2016, the transportation company Lyft issued a celebratory press release about what they called “an exciting Lyft story.” A driver named Mary went into labor while working and even picked up a fare on her way to the hospital. “Luckily, the ride was a short one,” the press release added, with an implied wink. My jaw dropped when I read that “adorable” story. Someone in the corporate office thought it was “cute” that one of their workers felt so much pressure to make a few extra dollars that she gritted her teeth, swallowed the pain of growing contractions, and kept driving.


pages: 139 words: 33,246

Money Moments: Simple Steps to Financial Well-Being by Jason Butler

Albert Einstein, asset allocation, behavioural economics, buy and hold, Cass Sunstein, Cornelius Vanderbilt, diversified portfolio, estate planning, financial independence, fixed income, happiness index / gross national happiness, index fund, intangible asset, John Bogle, longitudinal study, loss aversion, Lyft, Mark Zuckerberg, mortgage debt, Mr. Money Mustache, passive income, placebo effect, Richard Thaler, ride hailing / ride sharing, Steve Jobs, time value of money, traffic fines, Travis Kalanick, Uber and Lyft, uber lyft, Vanguard fund, Yogi Berra

This often makes it unaffordable without financial help from their family. The advent of ride hailing apps like Uber and Lyft, and the eventual availability of autonomous electric cars, together with wider adoption of car-sharing and better public transport, as well as rising vehicle running costs, are combining to undermine car ownership among younger people in urban areas. ‘Our intention is to make Uber so efficient, cars so highly utilized, that for most people it is cheaper than owning a car.’ said Uber’s then CEO Travis Kalanick in 2015. Interestingly the majority of UK automotive executives expect that more than half of today’s car owners will not want to own a car in less than a decade.25 While car ownership may always be relevant for families and those living in more remote rural places, it looks like young single urban dwellers will increasingly turn to alternative mobility as a service (MaaS) model.


pages: 318 words: 91,957

The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America—and How to Undo His Legacy by David Gelles

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, 3D printing, accounting loophole / creative accounting, Adam Neumann (WeWork), air traffic controllers' union, Alan Greenspan, Andrei Shleifer, Bear Stearns, benefit corporation, Bernie Sanders, Big Tech, big-box store, Black Monday: stock market crash in 1987, Boeing 737 MAX, call centre, carbon footprint, Carl Icahn, collateralized debt obligation, Colonization of Mars, company town, coronavirus, corporate governance, corporate raider, corporate social responsibility, COVID-19, Credit Default Swap, credit default swaps / collateralized debt obligations, disinformation, Donald Trump, financial deregulation, financial engineering, fulfillment center, gig economy, global supply chain, Gordon Gekko, greed is good, income inequality, inventory management, It's morning again in America, Jeff Bezos, junk bonds, Kaizen: continuous improvement, Kickstarter, Lean Startup, low interest rates, Lyft, manufacturing employment, Mark Zuckerberg, Michael Milken, Neil Armstrong, new economy, operational security, profit maximization, profit motive, public intellectual, QAnon, race to the bottom, Ralph Nader, remote working, Robert Bork, Ronald Reagan, Rutger Bregman, self-driving car, shareholder value, side hustle, Silicon Valley, six sigma, Social Responsibility of Business Is to Increase Its Profits, Steve Ballmer, stock buybacks, subprime mortgage crisis, TaskRabbit, technoutopianism, Travis Kalanick, Uber and Lyft, uber lyft, warehouse robotics, Watson beat the top human players on Jeopardy!, We are the 99%, WeWork, women in the workforce

Even at some of the country’s largest employers, there is a concerted effort to keep workers as close to temps as they can possibly be, with the aspiration of making people as interchangeable as the parts of a machine. The new downsizing takes many forms, depending on the industry. The rise of the gig economy has allowed new multibillion-dollar companies to be built on the backs of a shadow workforce. There are millions of drivers for Uber and Lyft, hundreds of thousands of deliverymen for Instacart and Seamless, and many thousands more offering themselves up for part-time work on sites like TaskRabbit and Upwork. Some of these workers treat the jobs as side hustles, occasional gigs that provide a bit of pocket cash. But for many, gig work is a full-time occupation, only without the security of a steady paycheck, decent benefits, or an employer to hold accountable.

., 26 Kitroeff, Natalie, 190–94 Klein, Joel, 132–33 Kodak, 59, 165 Kohlberg Kravis Roberts, 57, 70 Kozlowski, Dennis, 124–25 Kraft Heinz, 177, 181, 203, 206–7 Kudlow, Larry, 151–52 Kurria, Zipporah, 189 Lake, 143 Lane, Bill, 42, 45 Langone, Ken, 32, 104, 108–10, 137–38, 146, 220 Last Startup, The (Ries), 139 Lauer, Matt, 117, 135, 220–21 Lay, Kenneth, 124 Lazonick, William, 65–66 Leadership Institute, University of Southern California, 132 Lee, Jimmy, 135 Lehman Brothers, 67, 144 Lemann, Jorge Paulo, 177–82 Leno, Jay, 90 Letterman, David, 52 Lever, William, 204–5 Levitt, Arthur, 95–96 life expectancy, 183, 204 Limbaugh, Rush, 53 LinkedIn, 152 Lion Air Flight 610 crash (2018), 186–87, 190 Lockheed Martin, 61 Lowe’s, 110 Lyft, 170 Macy’s, 224 Management Today, 74 “Manager of the Century,” JW as (Fortune magazine), 7, 91–97, 114–15, 117, 118–19, 120, 146, 152, 159, 163, 198, 230 Maneuvering Characteristics Augmentation (MCAS, Boeing 737 Max), 153–56, 186–90, 192–94, 224 market concentration, 79–80, 176–78, 219 Marriott International, 224 Martin, Roger, 38, 64, 68, 106–7 McAllister, Kevin, 154, 189–91, 194 McDonnell Douglas, 77, 86–90, 127, 191 McKinsey & Company, 143, 182 McMillon, Doug, 184, 199 McNerney, Jim, 99, 101–2, 107 as Boeing CEO, 113, 127–30, 153–54, 194, 200 at the Jack Welch Management Institute (online MBA program), 134 Six Sigma and, 101, 112–13, 127 as 3M CEO, 111–13, 127 Means, Gardiner C., 24–25, 212 Meckling, William, 37–38, 110 Medtronic, 77–78, 84, 106 mergers and acquisitions, see dealmaking (generally); dealmaking at GE Merrill Lynch, 39, 144, 149 Microsoft, 67, 102, 133–34, 171, 217, 223 Milken, Michael, 120–21 Milleron, Nadia, 194 minimum wage, 93, 183, 209, 215, 218, 223 MIT Sloan School of Management, 132 Modern Corporation and Private Property, The (Berle and Means), 24–25, 212 Moltke, Helmuth von, 34 Money magazine, 67, 120 Montgomery Ward, 61 Motorola, 107 MSNBC, 53–54 Muilenburg, Dennis, 154–56, 187–94 Murdoch, Rupert, 54 Nabisco, 169 Nader, Ralph, 36, 194 Nardelli, Bob, 99–101, 107–11 Nasser, Jacques, 72–73 Nassetta, Chris, 223 National Steel, 66–67 Natura, 212 NBC, 157, 174 The Apprentice (TV program), 121, 134–35, 195 and GE acquisition of RCA, 51–54, 56, 57, 95, 152, 175, 176 GE takeover of RCA and, 51–54, 56, 57, 95, 152, 175, 176 If Japan Can, Why Can’t We?

That didn’t stop NBC—under Immelt’s control at the time—from greenlighting The Apprentice, giving Trump a new lease on fame, as well as a new fortune. So it was for Welch. His first year of retirement was bumpy, and the cracks in GE’s foundation may have started to show. But he remained the swaggering, unapologetic, uber-boss who had ruled GE with an iron fist, and he wasn’t about to let some pesky, moralizing headlines get him down. Not long after leaving GE, he confided in magazine editor Tina Brown, telling her how much he loved living at the top of the Trump International, the gold-hued monolith that GE Capital and Trump developed in the mid-1990s.


pages: 484 words: 104,873

Rise of the Robots: Technology and the Threat of a Jobless Future by Martin Ford

3D printing, additive manufacturing, Affordable Care Act / Obamacare, AI winter, algorithmic management, algorithmic trading, Amazon Mechanical Turk, artificial general intelligence, assortative mating, autonomous vehicles, banking crisis, basic income, Baxter: Rethink Robotics, Bernie Madoff, Bill Joy: nanobots, bond market vigilante , business cycle, call centre, Capital in the Twenty-First Century by Thomas Piketty, carbon tax, Charles Babbage, Chris Urmson, Clayton Christensen, clean water, cloud computing, collateralized debt obligation, commoditize, computer age, creative destruction, data science, debt deflation, deep learning, deskilling, digital divide, disruptive innovation, diversified portfolio, driverless car, Erik Brynjolfsson, factory automation, financial innovation, Flash crash, Ford Model T, Fractional reserve banking, Freestyle chess, full employment, general purpose technology, Geoffrey Hinton, Goldman Sachs: Vampire Squid, Gunnar Myrdal, High speed trading, income inequality, indoor plumbing, industrial robot, informal economy, iterative process, Jaron Lanier, job automation, John Markoff, John Maynard Keynes: technological unemployment, John von Neumann, Kenneth Arrow, Khan Academy, Kiva Systems, knowledge worker, labor-force participation, large language model, liquidity trap, low interest rates, low skilled workers, low-wage service sector, Lyft, machine readable, machine translation, manufacturing employment, Marc Andreessen, McJob, moral hazard, Narrative Science, Network effects, new economy, Nicholas Carr, Norbert Wiener, obamacare, optical character recognition, passive income, Paul Samuelson, performance metric, Peter Thiel, plutocrats, post scarcity, precision agriculture, price mechanism, public intellectual, Ray Kurzweil, rent control, rent-seeking, reshoring, RFID, Richard Feynman, Robert Solow, Rodney Brooks, Salesforce, Sam Peltzman, secular stagnation, self-driving car, Silicon Valley, Silicon Valley billionaire, Silicon Valley startup, single-payer health, software is eating the world, sovereign wealth fund, speech recognition, Spread Networks laid a new fibre optics cable between New York and Chicago, stealth mode startup, stem cell, Stephen Hawking, Steve Jobs, Steven Levy, Steven Pinker, strong AI, Stuxnet, technological singularity, telepresence, telepresence robot, The Bell Curve by Richard Herrnstein and Charles Murray, The Coming Technological Singularity, The Future of Employment, the long tail, Thomas L Friedman, too big to fail, Tragedy of the Commons, Tyler Cowen, Tyler Cowen: Great Stagnation, uber lyft, union organizing, Vernor Vinge, very high income, warehouse automation, warehouse robotics, Watson beat the top human players on Jeopardy!, women in the workforce

Lila Shapiro, “Car Wash Workers Unionize in Los Angeles,” Huffington Post, February 23, 2012, http://www.huffingtonpost.com/2012/02/23/car-wash-workers-unionize_n_1296060.html. 19. David Von Drehle, “The Robot Economy,” Time, September 9, 2013, pp. 44–45. 20. Andrew Harris, “Chicago Cabbies Sue Over Unregulated Uber, Lyft Services,” Bloomberg News, February 6, 2014, http://www.bloomberg.com/news/2014–02–06/chicago-cabbies-sue-over-unregulated-uber-lyft-services.html. CHAPTER 8 1. For statistics on consumer spending, see Nelson D. Schwartz, “The Middle Class Is Steadily Eroding. Just Ask the Business World,” New York Times, February 2, 2014, http://www.nytimes.com/2014/02/03/business/the-middle-class-is-steadily-eroding-just-ask-the-business-world.html. 2.

A small preview of the conflict and social upheaval that are sure to accompany the rise of self-driving cars can be found in the conflagration surrounding Uber, a start-up company that allows people to call for a ride using their smart phone. The company has been embroiled in controversy and litigation in nearly every market it has entered. In February 2014, Chicago taxicab operators filed a lawsuit against the city, claiming that Uber is devaluing nearly 7,000 city-issued operating licenses with a total market value of over $2.3 billion.20 Imagine the uproar when Uber’s cars start arriving without drivers. AS JOBS EVAPORATE and median incomes stagnate—or perhaps even fall—we run the risk that a large and growing fraction of our population will no longer have sufficient discretionary income to continue propelling vibrant demand for the products and services that the economy produces.

Taxi drivers possessing The Knowledge—who drive the famous “black” cabs (no longer black, but now covered in colorful advertising)—still dominate in London, but this is largely due to regulation. Drivers without The Knowledge have to be pre-booked; they are not allowed to be flagged down on the street. Of course, new services like Uber, which lets you book a cab with your smart phone, may soon make the act of flagging down a taxi itself obsolete. The taxi drivers may eventually be replaced completely by automated cars, but long before that happens, technology might well deskill their jobs and lower their wages. Perhaps regulation will save the London cabbies from this fate, but workers in many other fields will not be so lucky


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How I Built This: The Unexpected Paths to Success From the World's Most Inspiring Entrepreneurs by Guy Raz

Airbnb, AOL-Time Warner, Apple II, barriers to entry, Bear Stearns, Ben Horowitz, Big Tech, big-box store, Black Monday: stock market crash in 1987, Blitzscaling, business logic, call centre, Clayton Christensen, commoditize, Cornelius Vanderbilt, Credit Default Swap, crowdsourcing, data science, East Village, El Camino Real, Elon Musk, fear of failure, glass ceiling, growth hacking, housing crisis, imposter syndrome, inventory management, It's morning again in America, iterative process, James Dyson, Jeff Bezos, Justin.tv, Kickstarter, low cost airline, Lyft, Marc Andreessen, Mark Zuckerberg, move fast and break things, Nate Silver, Paul Graham, Peter Thiel, pets.com, power law, rolodex, Ronald Reagan, Ruby on Rails, Salesforce, Sam Altman, Sand Hill Road, side hustle, Silicon Valley, software as a service, South of Market, San Francisco, Steve Jobs, Steve Wozniak, subprime mortgage crisis, TED Talk, The Signal and the Noise by Nate Silver, Tony Hsieh, Uber for X, uber lyft, Y Combinator, Zipcar

A city undergoing a historic seismic shift, the fault lines of which ran in parallel right down Mission and Market Streets. To the south were the headquarters of many of the tech companies that hit the mother lode during the internet gold rush of the early 2000s and became the dominant forces in their respective spaces: Salesforce, Twitter, Instacart, Airbnb, Pinterest, Zynga, Trulia, DocuSign, Lyft, Uber. To the north were landmarks to the legacy companies that actually built the city—Ghirardelli Chocolate, Wells Fargo, Levi Strauss—and got their start during the actual gold rush in the late 1840s and 1850s, striking it rich not by mining for gold, but by operating on the periphery servicing the interests of those who did.

It has struck me on more than a few occasions when talking to founders that taking Levi’s route through a gold rush is far cheaper, much less risky, and potentially just as profitable as going all in to mine for the mother lode itself—or to chase a unicorn, in the language of modern-day entrepreneurship. Just think about the hundreds of millions of venture dollars required to launch the handful of tech companies lining Mission Street, filling the office space south of Market. Uber alone has raised $20 billion in the ten years since its founding, and yet for every Uber, there are a hundred Uber competitors or “Uber for _________” companies that never made it. The possibility of succeeding in that kind of capital-intensive, winner-take-all environment has always been much lower than in finding a small niche related but adjacent to a massive boom and building a business there.

(magazine), 15 Indiegogo, 81 innovation, in Allbirds, 84–87 Innovator’s Dilemma, The (Christensen), 14–15 Instacart, 111–12, 215 Instagram, 118–20, 186, 270 intellectual property rights, 160–68 International Dermal Institute, 30, 186 investors Bevel and, 153–54 confusion surrounding, 76 for Five Guys, 130 friends and family as, 76–80 mindset of, 148 Stonyfield Farm, 140–41 storytelling, 65 iOS app store, 116 iterations, 84–93 Airbnb, 143–44 Angie’s BOOMCHICKAPOP, 249–51 Dippin’ Dots, 163 fundraising and, 156 Headspace, 199–200 post crisis, 170–72, 175–76 J Janney, Eli, 218 Jeni’s Splendid Ice Creams, 172–76 Jobs, Steve, 18, 38, 48–49 John, Daymond bootstrapping, 29 brand building, 122 on idea for FUBU, 24–25 other people’s money (OPM), 74–76 research of, 40 on Shark Tank, 10, 11 transition, into an entrepreneur, 26–28 mentioned, 41, 62, 270 Johnson & Johnson, 169–72, 176 Jones, Curt, 162–68 Jordan, Kim, 257, 258–59 Jordan, Michael, 235 Justin.tv, 185–86 K Kahneman, Daniel, 181 Kallman, Rhonda, 43–44, 49–50 Kan, Justin, 185–86 Kaymen, Samuel, 138, 141, 143, 145–46 Kelleher, Herb, 28, 29, 220, 268, 269 Kendra Scott (company), 269 Kennedy, Michelle, 69 Keurig Dr Pepper, 196 Kickstarter, 41, 81 Kilgore, Marcia, 255–56 kindness, 253–64 Kirk-Dyson, 160 Knight, Phil, 27 The Knot, 130, 134, 269 Koch, Jim education, 270 fallback plan, 29 partnership and, 43–44, 49–50 on risk vs. security, 14–18 mentioned, 20, 62 Korey, Steph idea for Away, 34 partnership and, 35–36, 43 product research and launch, 36–38 raising money, 75, 77, 123 mentioned, 45, 49 Kraft, 245 Krieger, Mike, 118–20, 186, 270 L LaFace Records, 112 Lake, Katrina, 110–11, 223, 228, 270 Lake, Scott, 108–9 Lampe, John, 178 Lärabar, 88–91, 99–100 leadership Andy Dunn on, 240 company culture, 208 crises and, 169–76 defining roles of, 226, 230 Eileen Fisher on, 257–58 failure of, 176–79 kindness, 253–64 mixed messages vs. clarity in, 235–38 vs. money, 243–52 pitfalls in, 205–8 leaky buckets, 188 leaping, into entrepreneurship, 23–31 LearnVest, 270 Lebesch, Jeff, 258–59 legal action and lawsuits American Apparel, 206–7 Ford and Firestone tires, 176–79 James Dyson on, 159–62 Microsoft monopoly, 104 Southwest Airlines, 220 Stitch Fix, 223 Lehman Brothers, 193–94 Let My People Go Surfing (Chouinard), 260 Levi Strauss, 215, 216 lifecasting, 185–86 Lincoln, Sadie, 112–13 Liu, David, 130–31, 132, 134, 269 location, 105–14 advice on, 111 Chez Panisse and, 209–10 examples of, 111–13 for Five Guys, 129 importance of, 105–6 Jeni’s Splendid Ice Creams and, 174 Katrina Lake on, 110–11 Tobi Lütke on, 106–9 L’Oréal, 4, 12 Lowe, John, 173, 174 Lowry, Adam bootstrapping, 51–52 money from family, 76–77 partnership and, 44–47 on partnership tension, 224–25, 228 privilege and access, 79 luck, 265–72 defined, 269 in How I Built This interviews, 267 vs. partnership, 47 privilege and access, 79–83 in professional money, 148 Lütke, Tobi, 106–9, 268–69 Lyft, 215 M Madison, Stacy, 181–84 marketing. See building buzz; word of mouth market niche, 214–21 for Belkin International, 216–20 from gold rush, 215–16 of San Francisco, 214–15 Southwest Airlines, 220 marriage, among entrepreneurs, 49, 228–30 Masters of Scale (podcast), 127, 203 maternity leave, 261 McDaniels, Ralph, 26, 122 McFarland, Billy, 43 McKean, Fiona, 108 McWhorter, Earlon, x–xi media, 122–23 Mehta, Apoorva, 111–12 Merriken, Lara, xiv, 88–92, 99–100 Method bootstrapping, 51–52 building buzz, 117 co-founders of, 44 money from family, 76–77 research, 46–47 Microsoft Windows, 97–98, 103–4 Mike Campbell (character), 180 mindfulness, 199–200 Mini Melts, 164 minorities barriers to entry, 98–99 Bevel, 152–54 Carol’s Daughter products, 11–12 privilege and access, 79–83 mission of Headspace, 198 importance of, 194 lack of identity, 238–39 purpose of, 196 of Rent the Runway, 195 the why of product, 197–98 monarch CEOs, 205–8 money access to, 79–83 vs. control, 243–52 culture and communication, 75–76 pressures of accepting, 82 Wells Fargo niche, 215–16 See also funding the business; investors money vs. deeper purpose Angie’s BOOMCHICKAPOP, 251–52 Chez Panisse on, 209–10 financial mismanagement, 193–94 Gary Erickson on, 245–47 mission first approach, 194 monopoly power, 103–4 mortgage-backed securities, 193–94 Mosey, Thomas, 163–64 motivation, from accepting other people’s money, 82 Munger, Charlie, 49 Murrell, Jerry and Janie, 128–30, 132, 134–36 Musk, Elon, xii N naming, of companies after founder, 152, 215–16, 251, 257, 269 after parent, 9, 246 Airbnb, 71–73 Bumble, 69–70 FUBU, 24 Spanx, 70–71 Nasser, Jacques, 178 National Highway Traffic Safety Administration (NHTSA), 177 Neeleman, David, 30 Nestlé, 245 Netflix, 203–5, 208 networking, 81–82, 119–20 New Belgium Brewing Company, 257, 258–60 New York Times, 150, 170, 207, 239 NHTSA (National Highway Traffic Safety Administration), 177 niche markets, 214–21 for Belkin International, 216–20 from gold rush, 215–16 of San Francisco, 214–15 Southwest Airlines, 220 Nike, 27 NPR, xiii, 132, 266–67, 271–72 O Obama, Barack, 56 Obama O’s (promotional cereal), 58–59 Oculus, 81 Ohanian, Alexis, 225–28, 230 1-800-GOT-JUNK?


pages: 475 words: 134,707

The Hype Machine: How Social Media Disrupts Our Elections, Our Economy, and Our Health--And How We Must Adapt by Sinan Aral

Airbnb, Albert Einstein, algorithmic bias, AlphaGo, Any sufficiently advanced technology is indistinguishable from magic, AOL-Time Warner, augmented reality, behavioural economics, Bernie Sanders, Big Tech, bitcoin, Black Lives Matter, Cambridge Analytica, carbon footprint, Cass Sunstein, computer vision, contact tracing, coronavirus, correlation does not imply causation, COVID-19, crowdsourcing, cryptocurrency, data science, death of newspapers, deep learning, deepfake, digital divide, digital nomad, disinformation, disintermediation, Donald Trump, Drosophila, Edward Snowden, Elon Musk, en.wikipedia.org, end-to-end encryption, Erik Brynjolfsson, experimental subject, facts on the ground, fake news, Filter Bubble, George Floyd, global pandemic, hive mind, illegal immigration, income inequality, Kickstarter, knowledge worker, lockdown, longitudinal study, low skilled workers, Lyft, Mahatma Gandhi, Mark Zuckerberg, Menlo Park, meta-analysis, Metcalfe’s law, mobile money, move fast and break things, multi-sided market, Nate Silver, natural language processing, Neal Stephenson, Network effects, performance metric, phenotype, recommendation engine, Robert Bork, Robert Shiller, Russian election interference, Second Machine Age, seminal paper, sentiment analysis, shareholder value, Sheryl Sandberg, skunkworks, Snapchat, social contagion, social distancing, social graph, social intelligence, social software, social web, statistical model, stem cell, Stephen Hawking, Steve Bannon, Steve Jobs, Steve Jurvetson, surveillance capitalism, Susan Wojcicki, Telecommunications Act of 1996, The Chicago School, the strength of weak ties, The Wisdom of Crowds, theory of mind, TikTok, Tim Cook: Apple, Uber and Lyft, uber lyft, WikiLeaks, work culture , Yogi Berra

So ratings oversample good and bad experiences and sample good experiences at a higher rate than bad ones. Another contributing factor occurs when we agree to mutually beneficial outcomes with our transaction partners. For example, a simple trick enables riders and drivers on Uber and Lyft to collude to give each other good ratings. As you’re leaving an Uber, you ask, “Five for five?” meaning “I’ll give you five stars if you return the favor,” a practice that contributes to ratings inflation. Finally, as we saw in our ratings experiment, social influence bias favors positive herding over negative herding. Together, these explanations drive ratings distributions toward the J-curve.

Dropbox relied heavily on its “give us a customer, get free space” promotion, while Airbnb and Uber both used personalized referral messages and incentives to drive their growth. Joseph Ziyaee, an Uber driver from Los Angeles, even used such a referral program to become an outlier in Uber’s income distribution or, as he likes to call himself, “the Uber King.” The more Uber drivers drive, the more money they earn. While there is some variation in when, where, and how drivers drive, this relationship is pretty consistent. Uber data from 2014 showed that a sample of New York City drivers earned about $30 per hour and that those who drove the most (80 to 90 hours per week) earned about $90,000 a year, which was the highest end of the spectrum.

If we take these numbers at face value, then what Joseph Ziyaee earned in a six-month period that same year is truly remarkable. In fact, he probably earned more than any other Uber driver on the planet, by a long shot. Joseph nearly doubled the next-highest driver’s earnings in 2014, earning $90,000 net of costs in just six months. This implies an annual income of $180,000. He was a complete outlier. But that’s not the most remarkable thing about Joseph Ziyaee. The startling thing is that he earned this much money as an Uber driver without ever driving an Uber. He did it almost exclusively by referring other drivers to the service. Uber has one of the most successful referral programs in the world. It offers incentives for drivers to refer other drivers to the site.


pages: 430 words: 135,418

Power Play: Tesla, Elon Musk, and the Bet of the Century by Tim Higgins

air freight, asset light, autonomous vehicles, big-box store, call centre, Colonization of Mars, coronavirus, corporate governance, COVID-19, Donald Trump, electricity market, Elon Musk, family office, Ford Model T, gigafactory, global pandemic, Henry Ford's grandson gave labor union leader Walter Reuther a tour of the company’s new, automated factory…, Jeff Bezos, Jeffrey Epstein, junk bonds, Larry Ellison, low earth orbit, Lyft, margin call, Mark Zuckerberg, Masayoshi Son, Menlo Park, Michael Milken, paypal mafia, ride hailing / ride sharing, Sand Hill Road, self-driving car, Sheryl Sandberg, short selling, side project, Silicon Valley, Silicon Valley startup, skunkworks, SoftBank, Solyndra, sovereign wealth fund, stealth mode startup, Steve Jobs, Steve Jurvetson, Tesla Model S, Tim Cook: Apple, Travis Kalanick, Uber for X, uber lyft, vertical integration

Kim, who had worked to improve the online buying process, turned to members of his sales staff who had worked at Amazon and Uber, for their expertise in tracking packages and hiring gig workers. Musk wanted cars delivered in covered trucks. Kim and chief designer Franz von Holzhausen huddled to develop the look of the carriers until it became clear it would be too costly and take too much time. Instead, Kim proposed to Musk that employees simply drive cars to buyers’ homes and hand over the keys. Tesla’s drivers would return to the office by calling an Uber or Lyft. Home delivery was unusual in the auto industry, and an uncertain proposition for some buyers.

Instead of spending an hour with each customer introducing the new Tesla owner to their brand-new car’s features, Kim wanted his deliverers to aim for five minutes. They would tell customers to watch a training video instead. Some of the drivers were so eager to return that they would summon an Uber or Lyft ahead of their arrival at a customer’s door—a clever time-saving ploy unless the ride-hailing car showed up before they did and knocked on the eager Model 3 buyer’s door. As they raced toward the end of the quarter, it became clear that the team had failed to anticipate how many trucks it would require to deliver an ever-increasing volume of cars to delivery centers.

While he may have talked in recent years about stepping back as CEO, the new pay package sent a powerful message to his senior leadership team—and investors—that he wouldn’t be letting go of the reins anytime soon. Some inside Tesla thought McNeill or maybe Field, the engineer overseeing the Model 3 whose authority had grown to include oversight of manufacturing, might be a future Tesla CEO. The next month, McNeill would depart Tesla to become chief operating officer of ride-hailing startup Lyft Inc. As the new year began, Musk wasn’t acting like he wanted to give up control. It was clear that Fremont, not Sparks, was the highest hurdle. Musk’s focus again shifted. The new Roadster reveal, along with the semi, helped Tesla’s cash situation, though money was running low again and, for a few reasons, Musk was reluctant to seek more capital.


pages: 439 words: 131,081

The Chaos Machine: The Inside Story of How Social Media Rewired Our Minds and Our World by Max Fisher

2021 United States Capitol attack, 4chan, A Declaration of the Independence of Cyberspace, Airbnb, Bellingcat, Ben Horowitz, Bernie Sanders, Big Tech, Bill Gates: Altair 8800, bitcoin, Black Lives Matter, call centre, centre right, cloud computing, Comet Ping Pong, Computer Lib, coronavirus, COVID-19, crisis actor, crowdsourcing, dark pattern, data science, deep learning, deliberate practice, desegregation, disinformation, domesticated silver fox, Donald Trump, Douglas Engelbart, Douglas Engelbart, end-to-end encryption, fake news, Filter Bubble, Future Shock, game design, gamification, George Floyd, growth hacking, Hacker Conference 1984, Hacker News, hive mind, illegal immigration, Jeff Bezos, John Perry Barlow, Jon Ronson, Joseph Schumpeter, Julian Assange, Kevin Roose, lockdown, Lyft, Marc Andreessen, Mark Zuckerberg, Max Levchin, military-industrial complex, Oklahoma City bombing, Parler "social media", pattern recognition, Paul Graham, Peter Thiel, profit maximization, public intellectual, QAnon, recommendation engine, ride hailing / ride sharing, Rutger Bregman, Saturday Night Live, Sheryl Sandberg, side project, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, Snapchat, social distancing, Social Justice Warrior, social web, Startup school, Stephen Hawking, Steve Bannon, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, Susan Wojcicki, tech billionaire, tech worker, Ted Nelson, TED Talk, TikTok, Uber and Lyft, uber lyft, Whole Earth Catalog, WikiLeaks, Y Combinator

This sense of divine mission drove the angel investors of Generation PayPal who selected the startups and founders to remake the world around their vision. They called it disrupting incumbents. Uber and Lyft would not just offer a new way to hail taxis, they would abolish and replace the old one. Airbnb would disrupt short-term housing. All three were PayPal alumni investees. Many others pursued the same violent displacement. Amazon and physical retail, Napster and music. Only a few, like Thiel, seriously suggested doing to global governance what Uber had done to ridesharing. But once the social media platforms stumbled into that role, it must have felt like just a continuation of their rightful place.

Yishan Wong, Reddit’s chief during Gamergate, had come up at PayPal, whose alums guided much of the social media era. One of PayPal’s first executives, Reid Hoffman, used his windfall to found LinkedIn and invest early in Facebook. He introduced Zuckerberg to Thiel, who became Facebook’s first board member. Thiel, further parlaying his PayPal success, started a fund that launched major investments in Airbnb, Lyft, and Spotify. Throughout, like many leading investors, he imposed his ideals on the companies he oversaw. In the 1990s, he co-authored a book, The Diversity Myth, calling the purposeful inclusion of women or minorities a scam that stifled free intellectual pursuit. “Max Levchin, my co-founder at PayPal, says that startups should make their early staff as personally similar as possible,” Thiel wrote.

If William Shockley had embodied the industry’s semiconductor era, Andy Grove the microchip era, and Peter Thiel the early web era, then Andreessen and Horowitz personified the social media era. It wasn’t just where they invested (Facebook, where Andreessen sat on the board, as well as Twitter, Slack, Pinterest, Airbnb, Lyft, and Clubhouse), but how. They institutionalized, as a matter of investing strategy, the Valley’s drift toward inexperienced, unconstrained young CEOs. They pledged to elevate “technical founders” with little experience or knowledge beyond engineering, then unshackle them from adult supervision or any expectation of normal corporate behavior.


pages: 181 words: 52,147

The Driver in the Driverless Car: How Our Technology Choices Will Create the Future by Vivek Wadhwa, Alex Salkever

23andMe, 3D printing, Airbnb, AlphaGo, artificial general intelligence, augmented reality, autonomous vehicles, barriers to entry, benefit corporation, Bernie Sanders, bitcoin, blockchain, clean water, correlation does not imply causation, CRISPR, deep learning, DeepMind, distributed ledger, Donald Trump, double helix, driverless car, Elon Musk, en.wikipedia.org, epigenetics, Erik Brynjolfsson, gigafactory, Google bus, Hyperloop, income inequality, information security, Internet of things, job automation, Kevin Kelly, Khan Academy, Kickstarter, Law of Accelerating Returns, license plate recognition, life extension, longitudinal study, Lyft, M-Pesa, Mary Meeker, Menlo Park, microbiome, military-industrial complex, mobile money, new economy, off-the-grid, One Laptop per Child (OLPC), personalized medicine, phenotype, precision agriculture, radical life extension, RAND corporation, Ray Kurzweil, recommendation engine, Ronald Reagan, Second Machine Age, self-driving car, seminal paper, Silicon Valley, Skype, smart grid, stem cell, Stephen Hawking, Steve Wozniak, Stuxnet, supercomputer in your pocket, synthetic biology, Tesla Model S, The future is already here, The Future of Employment, Thomas Davenport, Travis Kalanick, Turing test, Uber and Lyft, Uber for X, uber lyft, uranium enrichment, Watson beat the top human players on Jeopardy!, zero day

This paradigm shift will not be without costs or controversies. For sure, widespread adoption of autonomous vehicles will eliminate the jobs of the millions of Americans whose living comes of driving cars, trucks, and buses (and eventually all those who pilot planes and ships). We will begin sharing our cars, in a logical extension of Uber and Lyft. But how will we handle the inevitable software faults that result in human casualties? And how will we program the machines to make the right decisions when faced with impossible choices—such as whether an autonomous car should drive off a cliff to spare a busload of children at the cost of killing the car’s human passenger?

That’s because each of us can use the same Uber application in hundreds of cities around the world to order a cab that will be paid for by the same credit card, and we have a reasonable guarantee that the service will be of high quality. From day one, Uber had global ambition. Addison Lee had the same idea but never pursued the global market. This ambition of Uber’s extends well beyond cars. Uber’s employees have already considered the implications of their platform and view Uber not as a car-hailing application but as a marketplace that brings buyers and sellers together. You can see signs of their testing the marketplace all the time, ranging from comical marketing ploys such as using Uber to order an ice-cream truck or a mariachi band, to the really interesting, such as “Ubering” a nurse to offer everyone in the office a flu vaccine.

.), 28 June 2014, http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10933273/Addison-Lee-owner-flags-sale.html (accessed 21 October 2016). 3. Johana Bhuiyan, “Why Uber has to be first to market with self-driving cars,” Recode 29 September 2016, http://www.recode.net/2016/9/29/12946994/why-uber-has-to-be-first-to-market-with-self-driving-cars (accessed 21 October 2016). 4. Alison Griswold, “Uber wants to replace its drivers with robots. So much for that ‘new economy’ it was building,” Slate 2 February 2015, http://www.slate.com/blogs/moneybox/2015/02/02/uber_self_driving_cars_autonomous_taxis_aren_t_so_good_for_contractors_in.html (accessed 21 October 2016). 5.


pages: 295 words: 87,204

The Capitalist Manifesto by Johan Norberg

AltaVista, anti-communist, barriers to entry, Berlin Wall, Bernie Sanders, Big Tech, Boris Johnson, business climate, business cycle, capital controls, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, carbon tax, Charles Babbage, computer age, coronavirus, COVID-19, creative destruction, crony capitalism, data is not the new oil, data is the new oil, David Graeber, DeepMind, degrowth, deindustrialization, Deng Xiaoping, digital map, disinformation, Donald Trump, Elon Musk, energy transition, Erik Brynjolfsson, export processing zone, failed state, Filter Bubble, friendshoring, gig economy, Gini coefficient, global supply chain, Google Glasses, Greta Thunberg, Gunnar Myrdal, Hans Rosling, Hernando de Soto, Howard Zinn, income inequality, independent contractor, index fund, Indoor air pollution, industrial robot, Intergovernmental Panel on Climate Change (IPCC), invention of the printing press, invisible hand, Jeff Bezos, Jeremy Corbyn, job automation, job satisfaction, Joseph Schumpeter, land reform, liberal capitalism, lockdown, low cost airline, low interest rates, low skilled workers, Lyft, manufacturing employment, Mark Zuckerberg, means of production, meta-analysis, Minecraft, multiplanetary species, Naomi Klein, Neal Stephenson, Nelson Mandela, Network effects, open economy, passive income, Paul Graham, Paul Samuelson, payday loans, planned obsolescence, precariat, profit motive, Ralph Nader, RAND corporation, rent control, rewilding, ride hailing / ride sharing, Ronald Coase, Rosa Parks, Salesforce, Sam Bankman-Fried, Shenzhen was a fishing village, Silicon Valley, Simon Kuznets, Snapchat, social distancing, social intelligence, South China Sea, Stephen Fry, Steve Jobs, tech billionaire, The Spirit Level, The Wealth of Nations by Adam Smith, TikTok, Tim Cook: Apple, total factor productivity, trade liberalization, transatlantic slave trade, Tyler Cowen, Uber and Lyft, uber lyft, ultimatum game, Virgin Galactic, Washington Consensus, working-age population, World Values Survey, X Prize, you are the product, zero-sum game

And in that case, the opportunity to choose when and how much you work is a feature and not a bug, even if the salary might look dismally low when compared to a full-time salary.32 Of course, there is a substantial minority who take these jobs because they don’t have anything else, and then the pressure to accept even lousy job opportunities can be great and satisfaction with the job will be low. But if all other opportunities are worse, it means that this job is the least bad. Another word for ‘least bad’ is ‘best’. Studies of Uber and Lyft drivers in the United States consistently show that between 60 and 70 per cent prefer to have the job as a gig over a permanent job. And this is also the wrong question, since the real choice is between being a gig worker and having a smaller chance of permanent employment, because if companies have to pay fixed salaries and benefits, they will not be able to accept anyone, especially not someone who does not pull in a sufficient number of assignments or is not efficient.

., 59–60 Japan, 22, 84, 225, 267 Jevons, William Stanley, 242 Jobs, Steve, 170, 173 Johnson, Boris, 9 Journal of the American Medical Association, The, 137 Kahneman, Daniel, 280 Kalecki, Michał, 120 Kamprad, Ingvar, 119, 124, 127 Keynes, John Maynard, 69 Klein, Naomi, 17, 21, 43, 232, 241 Kodak, 151, 174 Kuznets, Simon, 248 ‘Kuznets curve’, 248, 250, 254 Kyrgyzstan, 215 Kyriakides, Stella, 76 labour market see work Labour Party, 10 Latin America, 27–30, 42–3, 47, 282 de Lattre, Anne, 32 Latvia, 26 Lawson, Robert, 37, 283 Lego, 151 Lehman Brothers, 170 Lerner, Josh, 190, 195, 197–8 liberalism, 262–6, 269–70 Licklider, J.C.R., 184, 186 life expectancy, 20–21, 36–7, 136–7, 291 Light Bulb Conspiracy, The (documentary), 157 light bulbs, 157–8 literacy, 291 Lithuania, 26 Living Planet Index, 249 lobbying, 139–41 Locke, John, 263–4 loneliness, 266–70 Lonely Century, The (Hertz), 262 Lumafabriken, 157 Lyft, 102 Ma, Jack, 227 Maduro, Nicolás, 43 Malmrot, Henrik, 119 Mandela, Nelson, 45 manufacturing industries, 83–7 automation, 85–6, 110 Mao Zedong, 24, 207, 209, 221–2 Maoism, 213–14 Márquez, Gabriel Garcìa, 269 Marshall Space Flight Center, 202 Martin, Claude, 238 Martin, Iain, 116 Martínez, Luis, 47 Marx, Karl, 2, 70, 243, 289, 290–91 maternal mortality, 20 Mathupe, Maria, 72 Mauritius, 34–5 Mazzucato, Mariana, 181–9, 192, 195 Mbeki, Thabo, 45 McCloskey, Deirdre, 13–14 Meade, James, 34 mental health, 262, 264, 266, 270–72 Meta, 179 Mexico, 11, 29 Microsoft, 169, 171–2, 179 Middle East, 282 Milanović, Branko, 131 Mill, John Stuart, 56 Milliken, Roger, 139 Minecraft, 150–51 Minitel, 191 von Mises, Ludwig, 152 Moldova, 215 Monbiot, George, 3, 262 monopolies, 146–80 ‘natural monopoly’, 169 Montgomery, Alabama, 63 moon landing, 181–3, 191, 201–2 Moore, Michael, 119 Moore, Stephen, 8 Morocco, 234 Motorola, 152–3 MSN, 169, 171 Mugabe, Robert, 42–3 Musk, Elon, 124 Myanmar, 239 Myrdal, Gunnar, 30 MySpace, 169–71, 173–5 Nader, Ralph, 17 NASA, 183, 185, 190, 202–3 Naughton, Barry, 213, 218 neoliberalism, 38, 42, 45, 262–3 Netflix, 179 Netherlands 250, 285 Netscape, 174 New York Times, The, 122 New Zealand, 11, 267, 282, 285 Nicaragua, 47 Niemietz, Kristian, 44 Nilsson, Therese, 62 Ning Wang, 206 Nixon, Richard, 191, 219 Nokia, 151, 170–72, 174 Noll, Roger, 189 Nordhaus, William, 122–3 Norfeldt, Sven, 124 North American free trade agreement (NAFTA), 109 North Korea, 24, 220, 273 Norway, 283 nuclear weapons, 219–20 O’Rourke, P.

Smyth, ‘Stress at work: Differential experiences of high versus low SES workers’, Social Science & Medicine 156, March 2016. 30. Alan Manning & Graham Mazeine, ‘Subjective job insecurity and the rise of the precariat: Evidence from the UK, Germany and the United States’, CEP Discussion Paper no.1712, August 2020. 31. See, e.g., Thor Berger, Carl Benedikt Frey, Guy Levin, Santosh Rao Danda, ‘Uber happy? Work and well-being in the “gig economy”’, Economic Policy, vol.34, no.99, 2019. 32. Linda Weidenstedt, Andrea Geissinger & Monia Lougui, ‘Why gig as a food courier?’, Report no.15, Ratio 2020. 33. Andreas Bergh, ‘Låt giggarna gigga’, Arbetsmarknadsnytt, 2 December 2020. 34. Federal Reserve Bank of St Louis, ‘All employees, manufacturing’, https://fred.stlouisfed.org/series/ MANEMP and ‘All Employees, total nonfarm’, https://fred.stlouisfed.org/series/ PAYEMS.


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Frenemies: The Epic Disruption of the Ad Business by Ken Auletta

"World Economic Forum" Davos, Airbnb, Alvin Toffler, AOL-Time Warner, barriers to entry, Bernie Sanders, bike sharing, Boris Johnson, Build a better mousetrap, Burning Man, call centre, Cambridge Analytica, capitalist realism, carbon footprint, cloud computing, commoditize, connected car, content marketing, corporate raider, crossover SUV, data science, digital rights, disintermediation, Donald Trump, driverless car, Elon Musk, fake news, financial engineering, forensic accounting, Future Shock, Google Glasses, Internet of things, Jeff Bezos, Kevin Roose, Khan Academy, Lyft, Mark Zuckerberg, market design, Mary Meeker, Max Levchin, Menlo Park, move fast and break things, Naomi Klein, NetJets, Network effects, pattern recognition, pets.com, race to the bottom, Richard Feynman, ride hailing / ride sharing, Salesforce, Saturday Night Live, self-driving car, sharing economy, Sheryl Sandberg, Shoshana Zuboff, Silicon Valley, Snapchat, Steve Ballmer, Steve Jobs, surveillance capitalism, Susan Wojcicki, The Theory of the Leisure Class by Thorstein Veblen, three-martini lunch, Tim Cook: Apple, transaction costs, Uber and Lyft, uber lyft, Upton Sinclair, éminence grise

They chart for clients: What messages worked? What doesn’t work? Who comes to the store? Who doesn’t come to the store? It becomes, she believes, “a game changer.” Using this data, the brand can make changes to improve the customer experience and convenience, as Warby Parker has done for eyeglasses and Uber and Lyft have done for transit. Unless big agencies learn to shed old habits, to move faster, she believes they are in danger of plunging down the same rabbit hole as most newspapers. * * * ■ ■ ■ Big data excites Laura O’Shaughnessy, as it does Irwin Gotlieb, Martin Sorrell, Carolyn Everson, Michael Kassan, and the entire marketing industry and its clients.

A popular and socially useful app aimed at reducing drunk driving fatalities was introduced by the Mindshare agency on behalf of Campari America, which makes Skyy Vodka, Wild Turkey, and Campari. They created in-app messages, sent Friday evenings to sports bars, containing a five-dollar discount coupon with the ride-sharing Lyft. Campari enjoyed a huge jump in its brand awareness, and probably saved lives. Among the more effective marketing ploys to reach younger consumers has been influencer marketing. Young influencers have their own channels or platforms on YouTube, Instagram, Facebook, Snapchat, as well as their own Web sites.

They use simple bar codes to partake in 500 million daily transactions, employing 300 million credit cards that link to 300,000 stores, all without switching to another app. If the client does not know, Kassan can explain that WeChat is a one-stop service that combines the varied functions of PayPal, Facebook, Uber, Amazon, Netflix, banks, Expedia, and countless apps. It is clear to Kassan: the mobile future is being shaped in China, not Silicon Valley. But this frightens his clients, because they know China is a hard market to crack, and they know the U.S. companies that control mobile will drive hard bargains with agencies and advertisers.


Early Retirement Guide: 40 is the new 65 by Manish Thakur

Airbnb, diversified portfolio, financial independence, hedonic treadmill, index fund, lifestyle creep, Lyft, passive income, passive investing, risk tolerance, Robert Shiller, side hustle, time value of money, uber lyft, Vanguard fund, William Bengen, Zipcar

When it comes down to it, owning a large, powerful car is an expensive luxury that most people don't remotely get close to using to the fullest, and don't even realize the kind of luxury they have. Here are several conscientious spending alternatives: 1. Carpooling to work and split the cost of gas. 2. Signing up for a car sharing service such as Zipcar or Car2Go. 3. Use Uber or Lyft if the longer distance rides are rarer and signing up for a car sharing service doesn't add up. Get free rides just by signing up with these links and try them out if you haven't yet Savings: $8,800 Challenges: 1. Compare the cost of public transportation to all the costs of owning a car, there's probably a significant difference. 2.


pages: 621 words: 123,678

Financial Freedom: A Proven Path to All the Money You Will Ever Need by Grant Sabatier

8-hour work day, Airbnb, anti-work, antiwork, asset allocation, bitcoin, buy and hold, cryptocurrency, diversified portfolio, Donald Trump, drop ship, financial independence, fixed income, follow your passion, full employment, Home mortgage interest deduction, index fund, lifestyle creep, loss aversion, low interest rates, Lyft, money market fund, mortgage debt, mortgage tax deduction, passive income, remote working, ride hailing / ride sharing, risk tolerance, robo advisor, side hustle, Skype, solopreneur, stocks for the long run, stocks for the long term, TaskRabbit, the rule of 72, time value of money, uber lyft, Vanguard fund

You can use that 53 minutes each day to read a book or take a nap, listen to a podcast, or even earn some extra cash by selling something online or working on one of your side gigs. If you have a couple of friends or neighbors who drive the same direction as you, then carpooling is a simple way to cut costs, one that might be even more affordable than public transportation. Another option is ride-sharing using a service like Uber, Lyft, or Waze. In some locations, ride-sharing might even be cheaper than owning a car. I know people in Los Angeles, one of the most car-dependent cities on the planet, who use ride-sharing services to get everywhere because they’re so inexpensive. THE ART OF TRAVEL-HACKING Get out and explore the world.

There are two ways you can make money side hustling: you can work for someone else or work for yourself. If you are side hustling for someone else, the money you can make will always be limited by the number of hours you have in the day. It’s really tough to get off your nine-to-five job and hop in a Lyft to drive all night. Sure, it gives you flexibility and freedom, but no matter how much you drive for Lyft or deliver for Postmates, you’ll always be limited to your own hours and will make only as much money as those companies are willing to pay you. In other words, these gigs are not scalable. Working for yourself allows you to make a lot of money doing something that you love and gives you more control.

Dedicating days like these to your side hustle can really fast-track your progress. The In-Between Moments Then there’s all those in-between moments when you can find an extra ten, twenty, thirty, or even sixty minutes here and there. It’s how you make the most of your commute or your lunch hour; it’s when you’re traveling, sitting in an Uber, or waiting for an appointment. If you can stay focused, these small blocks of time can also really add up. Whether it’s writing a blog post on your phone in the back of a cab or taking calls when you have a few extra moments, make the most of them to work on your side hustle. Or take twenty minutes to just breathe deeply and decompress, which might be the most valuable way to spend a few extra minutes.


pages: 474 words: 130,575

Surveillance Valley: The Rise of the Military-Digital Complex by Yasha Levine

23andMe, activist fund / activist shareholder / activist investor, Adam Curtis, Airbnb, AltaVista, Amazon Web Services, Anne Wojcicki, anti-communist, AOL-Time Warner, Apple's 1984 Super Bowl advert, bitcoin, Black Lives Matter, borderless world, Boston Dynamics, British Empire, Californian Ideology, call centre, Charles Babbage, Chelsea Manning, cloud computing, collaborative editing, colonial rule, company town, computer age, computerized markets, corporate governance, crowdsourcing, cryptocurrency, data science, digital map, disinformation, don't be evil, Donald Trump, Douglas Engelbart, Douglas Engelbart, Dr. Strangelove, drone strike, dual-use technology, Edward Snowden, El Camino Real, Electric Kool-Aid Acid Test, Elon Musk, end-to-end encryption, fake news, fault tolerance, gentrification, George Gilder, ghettoisation, global village, Google Chrome, Google Earth, Google Hangouts, Greyball, Hacker Conference 1984, Howard Zinn, hypertext link, IBM and the Holocaust, index card, Jacob Appelbaum, Jeff Bezos, jimmy wales, John Gilmore, John Markoff, John Perry Barlow, John von Neumann, Julian Assange, Kevin Kelly, Kickstarter, Laura Poitras, life extension, Lyft, machine readable, Mark Zuckerberg, market bubble, Menlo Park, military-industrial complex, Mitch Kapor, natural language processing, Neal Stephenson, Network effects, new economy, Norbert Wiener, off-the-grid, One Laptop per Child (OLPC), packet switching, PageRank, Paul Buchheit, peer-to-peer, Peter Thiel, Philip Mirowski, plutocrats, private military company, RAND corporation, Ronald Reagan, Ross Ulbricht, Satoshi Nakamoto, self-driving car, sentiment analysis, shareholder value, Sheryl Sandberg, side project, Silicon Valley, Silicon Valley startup, Skype, slashdot, Snapchat, Snow Crash, SoftBank, speech recognition, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, Susan Wojcicki, Telecommunications Act of 1996, telepresence, telepresence robot, The Bell Curve by Richard Herrnstein and Charles Murray, The Hackers Conference, Tony Fadell, uber lyft, vertical integration, Whole Earth Catalog, Whole Earth Review, WikiLeaks

By 2017, it had $90 billion in revenues and $20 billion in profits, with seventy-two thousand full-time employees working out of seventy offices in more than forty countries.92 It had a market capitalization of $593 billion, making it the second-most-valuable public company in the world—second only to Apple, another Silicon Valley giant.93 Meanwhile, other Internet companies depend on Google for survival. Snapchat, Twitter, Facebook, Lyft, and Uber—all have built multi-billion-dollar businesses on top of Google’s ubiquitous mobile operating system. As the gatekeeper, Google benefits from their success as well. The more people use their mobile devices, the more data it gets on them. What does Google know? What can it guess? Well, it seems just about everything.

Robinson Meyer, “Facebook Is America’s Favorite Media Product,” The Atlantic, November 11, 2016; Alexei Oreskovic, “Facebook Now Gets Almost $20 from Each US and Canadian User, Compared to under $5 at Its IPO,” Business Insider, February 1, 2017. 87. “Uber’s use of Greyball was recorded on video in late 2014, when Erich England, a code enforcement inspector in Portland, [Oregon,] tried to hail an Uber car downtown in a sting operation against the company. But unknown to Mr. England and other authorities, some of the digital cars they saw in the app did not represent actual vehicles. And the Uber drivers they were able to hail also quickly canceled. That was because Uber had tagged Mr. England and his colleagues—essentially Greyballing them as city officials—based on data collected from the app and in other ways.

A decade after Mark Zuckerberg transfigured the company from a Harvard project, 1.28 billion people worldwide used the platform daily, and Facebook minted $62 in revenue for every one of its users in America.86 Uber, the Internet taxi company, deployed data to evade government regulation and oversight in support of its aggressive expansion into cities where it operated illegally. To do this, the company developed a special tool that analyzed user credit card information, phone numbers, locations and movements, and the way that users used the app to identify whether or not they were police officers or government officials who might be hailing an Uber only to ticket drivers or impound their cars. If the profile was a match, these users were silently blacklisted from the app.87 Uber, Amazon, Facebook, eBay, Tinder, Apple, Lyft, Four-Square, Airbnb, Spotify, Instagram, Twitter, Angry Birds.


AI 2041 by Kai-Fu Lee, Chen Qiufan

3D printing, Abraham Maslow, active measures, airport security, Albert Einstein, AlphaGo, Any sufficiently advanced technology is indistinguishable from magic, artificial general intelligence, augmented reality, autonomous vehicles, basic income, bitcoin, blockchain, blue-collar work, Cambridge Analytica, carbon footprint, Charles Babbage, computer vision, contact tracing, coronavirus, corporate governance, corporate social responsibility, COVID-19, CRISPR, cryptocurrency, DALL-E, data science, deep learning, deepfake, DeepMind, delayed gratification, dematerialisation, digital map, digital rights, digital twin, Elon Musk, fake news, fault tolerance, future of work, Future Shock, game design, general purpose technology, global pandemic, Google Glasses, Google X / Alphabet X, GPT-3, happiness index / gross national happiness, hedonic treadmill, hiring and firing, Hyperloop, information security, Internet of things, iterative process, job automation, language acquisition, low earth orbit, Lyft, Maslow's hierarchy, mass immigration, mirror neurons, money: store of value / unit of account / medium of exchange, mutually assured destruction, natural language processing, Neil Armstrong, Nelson Mandela, OpenAI, optical character recognition, pattern recognition, plutocrats, post scarcity, profit motive, QR code, quantitative easing, Richard Feynman, ride hailing / ride sharing, robotic process automation, Satoshi Nakamoto, self-driving car, seminal paper, Silicon Valley, smart cities, smart contracts, smart transportation, Snapchat, social distancing, speech recognition, Stephen Hawking, synthetic biology, telemarketer, Tesla Model S, The future is already here, trolley problem, Turing test, uber lyft, universal basic income, warehouse automation, warehouse robotics, zero-sum game

IMPLICATIONS OF FULLY AUTONOMOUS (L5) VEHICLES When L5 AV roams the road, it will bring about a revolution in transportation—on-demand cars that take you to your destination with lower cost, greater convenience, and improved safety. When your calendar sees that you need to be driven to a meeting in an hour, an autonomous ride-hailing app like Uber or Lyft could order a car for you just as you’re ready to depart. Uber’s AI algorithms will move their AV fleet to be closer to people who might need a ride soon (say, when a concert is about to end). Vehicles’ routes can be optimized based on minimizing the total amount of time all users wait idly, and the total amount of time Uber AVs are empty, while ensuring that the car’s batteries are charged along the way. By removing the human driver, the fully automated and AI-managed fleet will have much better utilization as human uncertainties are eliminated.

Alongside the lives saved and productivity gained, there will be disruptions to other aspects of our society. Taxi, truck, bus, and delivery drivers will be largely out of luck in a self-driving world. There are over 3.8 million Americans who directly operate trucks or taxis for a living, and many more who drive part-time for Uber/Lyft, the post office, delivery services, warehouses, and so on. These jobs will be gradually replaced by AI. Disruptions will also come in the form of a reshuffling of other traditional professions. Car maintenance will be less about mechanical repairs and will require electronics and software expertise.

We need to have laws that protect people from unsafe software, but we also need to ensure that technological improvement does not stall due to excessive indemnities. Finally, traffic fatalities rarely make national headlines. But when Uber’s autonomous vehicle killed a pedestrian in Phoenix in 2018, it became a national headline for several days. While Uber’s system was likely at fault, is such media coverage warranted for every fatality in the future? If the media blasts every AV-induced death with damning headlines, it could destroy the AV industry, even when AV will eventually save millions of lives.


pages: 265 words: 93,354

Please Don't Sit on My Bed in Your Outside Clothes: Essays by Phoebe Robinson

Affordable Care Act / Obamacare, Airbnb, An Inconvenient Truth, anti-bias training, Black Lives Matter, butterfly effect, coronavirus, COVID-19, David Attenborough, defund the police, desegregation, different worldview, disinformation, Donald Trump, Downton Abbey, emotional labour, financial independence, gentrification, George Floyd, gig economy, global pandemic, green new deal, Greta Thunberg, hiring and firing, imposter syndrome, independent contractor, Intergovernmental Panel on Climate Change (IPCC), Joan Didion, Lyft, mass incarceration, microaggression, off-the-grid, Phoebe Waller-Bridge, Ralph Waldo Emerson, rolodex, Rosa Parks, Sheryl Sandberg, social distancing, Social Justice Warrior, Steve Bannon, Steve Jobs, TED Talk, too big to fail, uber lyft, unpaid internship, W. E. B. Du Bois

I’d also like to thank Duolingo, because without you, I wouldn’t be able to butcher Spanish when calling Oaxaca Taqueria to place a dinner order—“Meh gustaría TRES carNAY Aah Sah Dahs, por favor”—and then lie and say my name is Karen, as butchering another language is total Karen vibes. Mother Naych, I used to treat you like you weren’t much more than what I experience when waiting outside for the Lyft ride I definitely should have called fifteen minutes earlier, but since I didn’t, I will totes blame the driver for not Tokyo Drift’ing in a school zone so I could get to work on time. I was wrong and thank you for opening my eyes. This year, I went on five hikes aka waddled my melodramatic self over some autumnal leaves.

Is some of what I’m about to tell you going to be ignorant or ignorantly presented? I think we all know the answer to that question. So thanks for signing up for this DeVry University version of Harvard Business School. Please note there are no refunds, I’m the only faculty member, my office hours are the minutes I spend waiting for my Lyft XL, and the only required reading on the class syllabus are my two previous books and Rich Dad Poor Dad by Robert Kiyosaki, who filed for bankruptcy in 2012. Aww, Rob. Like Ferris Bueller famously said, “Life moves pretty fast!” Anyway, here’s what I’ve learned from running businesses and building a mini empire for two-plus years: What Warren Buffett Should’ve Told Ya #1: For Some of Your Employees, This Is Just a J.O.B.

Why are we acting like that’s not an option? Why are we behaving as though changing in and out of PJs is akin to doing high school trig? Okay, yes, but: Let’s say BonBon comes over to hang out with you, and he casually sits on your bed wearing his outside clothes. WHAT DO YOU DO?! Call him a Lyft to take him to JFK Airport and kick his ass out. I am too old to be playing games with someone damn near twice my age. And he too grown not to know that if he wanna sit on my bed, he needs to bring a day bag and change clothes in the guest bathroom once he gets to my home. I’ve never heard of outside clothes!


pages: 416 words: 108,370

Hit Makers: The Science of Popularity in an Age of Distraction by Derek Thompson

Airbnb, Albert Einstein, Alexey Pajitnov wrote Tetris, always be closing, augmented reality, Clayton Christensen, data science, Donald Trump, Downton Abbey, Ford Model T, full employment, game design, Golden age of television, Gordon Gekko, hindsight bias, hype cycle, indoor plumbing, industrial cluster, information trail, invention of the printing press, invention of the telegraph, Jeff Bezos, John Snow's cholera map, Kevin Roose, Kodak vs Instagram, linear programming, lock screen, Lyft, Marc Andreessen, Mark Zuckerberg, Marshall McLuhan, Mary Meeker, Menlo Park, Metcalfe’s law, Minecraft, Nate Silver, Network effects, Nicholas Carr, out of africa, planned obsolescence, power law, prosperity theology / prosperity gospel / gospel of success, randomized controlled trial, recommendation engine, Robert Gordon, Ronald Reagan, Savings and loan crisis, Silicon Valley, Skype, Snapchat, social contagion, statistical model, Steve Ballmer, Steve Jobs, Steven Levy, Steven Pinker, subscription business, TED Talk, telemarketer, the medium is the message, The Rise and Fall of American Growth, Tyler Cowen, Uber and Lyft, Uber for X, uber lyft, Vilfredo Pareto, Vincenzo Peruggia: Mona Lisa, women in the workforce

In Silicon Valley, where venture capitalists also sift through a surfeit of proposals, high-concept pitches are so common that they’re practically a joke. The home rental company Airbnb was once called “eBay for homes.” The on-demand car service companies Uber and Lyft were once considered “Airbnb for cars.” When Uber took off, new start-ups took to branding themselves “Uber for . . .” anything. Creative people often bristle at the suggestion that they have to stoop to market their ideas or dress them in familiar garb. It’s pleasant to think that an idea’s brilliance is self-evident and doesn’t require the theater of marketing.

., 100 Levy, Steven, 269 Lieberson, Stanley, 136–37, 140, 141n, 322n135 Lincoln, Abraham, 284 literacy, 137, 150, 288 Loewy, Raymond, 46–48, 50–56, 68, 70, 71–72, 287 logos, 53, 159 Lombardo, Michael, 247–48, 251 Lorde (musician), 34, 236 Lost (television series), 58 Lucas, George allusions assembled by, 99, 106, 118, 186 and audiences, 285 and Bruzzese, 108 and creation of Star Wars, 102–6, 114–15, 117–18 and Flash Gordon, 103–4, 105, 115 Lyft, 61–62 Lynn, Freda, 139–140, 141n MacDonald, J. Fred, 291 Mad Men (television series), 244, 249 mail delivery services, 151 The Making of a Moonie (Barker), 217 malaria video, 194–95 Manet, Edouard, 22, 23 manufacturing, American, 48–49 Margulis, Elizabeth, 80 Maria Theresa, Empress, 122 Markel, B.

The second principle at FX is what Clemens calls the “hide the vegetables and potatoes” approach to storytelling. Like George Lucas festooning his evergreen myths with glittery technology, Clemens sees the value of old stories wearing new costumes. In Sons of Anarchy, its popular drama about an outlawed motorcycle club, “You think it’s this super-uber-macho motorcycle show, but it’s also a soap with handsome guys. And the plot is basically Hamlet.” In The Americans, the critically acclaimed spy drama about Soviet agents posing as a married couple in the United States, “You crash in, in the middle of the Cold War, and meet this spy couple who has been in an arranged marriage for ten years.


pages: 614 words: 168,545

Rentier Capitalism: Who Owns the Economy, and Who Pays for It? by Brett Christophers

"World Economic Forum" Davos, accounting loophole / creative accounting, Airbnb, Amazon Web Services, barriers to entry, Big bang: deregulation of the City of London, Big Tech, book value, Boris Johnson, Bretton Woods, Brexit referendum, British Empire, business process, business process outsourcing, Buy land – they’re not making it any more, call centre, Cambridge Analytica, Capital in the Twenty-First Century by Thomas Piketty, Cass Sunstein, cloud computing, collective bargaining, congestion charging, corporate governance, data is not the new oil, David Graeber, DeepMind, deindustrialization, Diane Coyle, digital capitalism, disintermediation, diversification, diversified portfolio, Donald Trump, Downton Abbey, electricity market, Etonian, European colonialism, financial deregulation, financial innovation, financial intermediation, G4S, gig economy, Gini coefficient, Goldman Sachs: Vampire Squid, greed is good, green new deal, haute couture, high net worth, housing crisis, income inequality, independent contractor, intangible asset, Internet of things, Jeff Bezos, Jeremy Corbyn, Joseph Schumpeter, Kickstarter, land bank, land reform, land value tax, light touch regulation, low interest rates, Lyft, manufacturing employment, market clearing, Martin Wolf, means of production, moral hazard, mortgage debt, Network effects, new economy, North Sea oil, offshore financial centre, oil shale / tar sands, oil shock, patent troll, pattern recognition, peak oil, Piper Alpha, post-Fordism, post-war consensus, precariat, price discrimination, price mechanism, profit maximization, proprietary trading, quantitative easing, race to the bottom, remunicipalization, rent control, rent gap, rent-seeking, ride hailing / ride sharing, Right to Buy, risk free rate, Ronald Coase, Rutger Bregman, sharing economy, short selling, Silicon Valley, software patent, subscription business, surveillance capitalism, TaskRabbit, tech bro, The Nature of the Firm, transaction costs, Uber for X, uber lyft, vertical integration, very high income, wage slave, We are all Keynesians now, wealth creators, winner-take-all economy, working-age population, yield curve, you are the product

Madrigal, ‘The Servant Economy’, 6 March 2019, at theatlantic.com. 89. ‘Facebook’s UK Tax Bill Jumps as Profits Rise’, 8 October 2018, at bbc.com; K. Ahmed, ‘Google’s Tax Bill Rises to £50m’, 28 March 2018, at bbc.com. 90. H. Somerville, ‘Uber Posts $50 Billion in Annual Bookings as Profit Remains Elusive Ahead of IPO’, 15 February 2019, at uk.reuters.com. 91. R. Molla, ‘Why Companies Like Lyft and Uber Are Going Public Without Having Profits’, 6 March 2019, at recode.net. 92. Sandbu, ‘How Internet Giants Damage the Economy and Society’. 93. ‘Google UK Limited: Report and Financial Statements Year Ended 30 June 2018’, March 2019, p. 2 – pdf available at beta.companieshouse.gov.uk. 94.

Thus, observing the same sub-optimal pricing outcomes as Furman and his colleagues, Kenney and Zysman write that, in becoming ‘a virtual monopolist’, the platform owner is able to appropriate a generous portion of the entire value created by all the users on the platform [because she has the power to] squeeze the platform community – the drivers or customers on Lyft or Uber, the content providers, the consigners, the customers, essentially any of the participants in the ecosystem who are instrumental in creating the value in the first place.57 Leaving aside for the moment the impacts of monopoly pricing on workers, the fact that many of the services provided by digital platforms are free to use to the consumer means that – in the first instance, at least – those platforms’ monopoly prices must be shouldered by the business customers who pay the transaction commissions and advertising premiums that represent platforms’ main sources of income.

In 2016, for instance, an employment tribunal ruled that Uber’s London drivers should be treated as employees rather than self-employed contractors, and were therefore entitled to holiday pay, paid rest breaks and the minimum wage.79 Yet Uber and its ilk, in their turn, have stubbornly resisted all efforts to constrain their ability to squeeze gig-economy workers and deny them their rights. Uber, for example, immediately appealed the 2016 employment tribunal ruling. When the tribunal upheld that ruling in 2017, Uber appealed to the Court of Appeal. And when, in December 2018, that court, too, upheld the original decision, Uber said it would take the case to the Supreme Court.80 All the while, until the company actually implements worker status under the force of law, Uber drivers have had to continue to operate as self-employed contractors, and they will presumably have to do so until Uber has exhausted all of its legal avenues for appeal – no doubt at the snail’s pace that the law typically allows.


pages: 215 words: 59,188

Seriously Curious: The Facts and Figures That Turn Our World Upside Down by Tom Standage

"World Economic Forum" Davos, agricultural Revolution, augmented reality, autonomous vehicles, Big Tech, blood diamond, business logic, corporate governance, CRISPR, deep learning, Deng Xiaoping, Donald Trump, Dr. Strangelove, driverless car, Elon Musk, failed state, financial independence, gender pay gap, gig economy, Gini coefficient, high net worth, high-speed rail, income inequality, index fund, industrial robot, Internet of things, invisible hand, it's over 9,000, job-hopping, Julian Assange, life extension, Lyft, M-Pesa, Mahatma Gandhi, manufacturing employment, mega-rich, megacity, Minecraft, mobile money, natural language processing, Nelson Mandela, plutocrats, post-truth, price mechanism, private spaceflight, prosperity theology / prosperity gospel / gospel of success, purchasing power parity, ransomware, reshoring, ride hailing / ride sharing, Ronald Coase, self-driving car, Silicon Valley, Snapchat, South China Sea, speech recognition, stem cell, supply-chain management, transaction costs, Uber and Lyft, uber lyft, undersea cable, US Airways Flight 1549, WikiLeaks, zoonotic diseases

Indeed, it appears that the advent of ride-hailing apps like Uber and Lyft has had a welcome impact on road safety. According to a working paper by Jessica Lynn Peck of the Graduate Centre at the City University of New York, the arrival of Uber in New York City may have helped reduce alcohol-related traffic accidents by 25–35%, as people opt to hail a ride home after a night out, rather than driving themselves. Uber was first introduced in the city in May 2011, but did not spread through the rest of the state. The study uses this as a natural experiment. To control for factors unrelated to Uber’s launch, such as adverse weather conditions, Ms Peck compares accident rates in each of New York’s five boroughs to those in the counties where Uber was not present, picking those that had the most similar population density and pre-2011 drunk-driving rate.

To control for factors unrelated to Uber’s launch, such as adverse weather conditions, Ms Peck compares accident rates in each of New York’s five boroughs to those in the counties where Uber was not present, picking those that had the most similar population density and pre-2011 drunk-driving rate. The four boroughs which were quick to adopt Uber – Manhattan, Brooklyn, Queens and the Bronx – all saw decreases in alcohol-related car crashes relative to their lookalike counties. By contrast, Staten Island, where Uber caught on more slowly, saw no such decrease. It should not take ride-hailing apps to curb drunk driving, but any reduction is worth hailing. Worth hailing Alcohol-related crashes in New York City Difference* in the number of crashes in boroughs when compared with similar counties Source: “New York City Drunk Driving After Uber” by J.

Coase argued that the degree to which the firm stands in for the market will vary with changing circumstances. Eighty years on, the boundary between the two might appear to be dissolving altogether. The share of self-employed contractors in the labour force has risen. The “gig economy”, exemplified by Uber drivers, is mushrooming. Yet firms are not withering away, nor are they likely to. Prior to Uber, taxi-drivers in most cities were already self-employed. Spot-like job contracts are becoming more common, but their flexibility comes at a cost. Workers have little incentive to invest in firm-specific skills, so productivity suffers. The supply chains for complex goods, such as an iPhone or an Airbus A380 superjumbo, rely on long-term contracts between firms that are “incomplete”.


pages: 386 words: 112,064

Rich White Men: What It Takes to Uproot the Old Boys' Club and Transform America by Garrett Neiman

"World Economic Forum" Davos, Affordable Care Act / Obamacare, Albert Einstein, basic income, Bernie Sanders, BIPOC, Black Lives Matter, Branko Milanovic, British Empire, Capital in the Twenty-First Century by Thomas Piketty, carried interest, clean water, confounding variable, coronavirus, COVID-19, critical race theory, dark triade / dark tetrad, data science, Donald Trump, drone strike, effective altruism, Elon Musk, gender pay gap, George Floyd, glass ceiling, green new deal, high net worth, Home mortgage interest deduction, Howard Zinn, impact investing, imposter syndrome, impulse control, income inequality, Jeff Bezos, Jeffrey Epstein, John Maynard Keynes: Economic Possibilities for our Grandchildren, knowledge worker, Larry Ellison, liberal capitalism, Lyft, Mahatma Gandhi, mandatory minimum, Mark Zuckerberg, mass incarceration, means of production, meritocracy, meta-analysis, Michael Milken, microaggression, mortgage tax deduction, move fast and break things, Nelson Mandela, new economy, obamacare, occupational segregation, offshore financial centre, Paul Buchheit, Peter Thiel, plutocrats, Ralph Waldo Emerson, randomized controlled trial, rent-seeking, Ronald Reagan, Rutger Bregman, Sheryl Sandberg, Silicon Valley, Snapchat, sovereign wealth fund, Steve Jobs, subprime mortgage crisis, TED Talk, The Bell Curve by Richard Herrnstein and Charles Murray, Travis Kalanick, trickle-down economics, uber lyft, universal basic income, Upton Sinclair, War on Poverty, white flight, William MacAskill, winner-take-all economy, women in the workforce, work culture , working poor

So does social integration, which refers to how often a person interacts with other people in their community. I’ve started asking myself: Do I take the time to exchange pleasantries with my neighbors, cashiers, and baristas? Do I go to a book club or take exercise classes with friends? When I hop in a Lyft or Uber, do I converse with my driver? I’ve started asking myself these questions not only because they help me counter socialization I’ve received to devalue some people’s humanity, but also because I’ve learned that daily interactions like these do more to boost longevity than the finest medicines, products, and services that money can buy.

It’s not easy being a low-wealth white man in a wealthy-dominated society, but the compounding unearned advantages of gender and race offer some protection. When I heard about the white woman who threatened to send police after a Black bird-watcher in Central Park in 2020,10 I was angry. And I was angry at the white male Lyft driver I met in Cincinnati who spent the entire drive spewing racist and xenophobic views about people of color in his community. But I also wondered: If I were underneath the weight of patriarchy or poverty—or both—would I try to hang on to my unearned advantages for dear life, too? And if I’m honest, there are still instances when I leverage my unearned advantages to make my life easier or advance my own agenda—like when I asked a wealthy white couple if I could borrow their lake house for a month rent free so I could write under ideal conditions.

“Consent Is a Third Option,” Circle Forward, accessed September 19, 2022, https://circleforward.us/consent-is-a-third-option/. 13. Ronald J. Gilson and Curtis J. Milhaupt, “Economically Benevolent Dictators: Lessons for Developing Democracies,” American Journal of Comparative Law 59, no. 1 (2011): 227–288. 14. Mike Isaac, “Uber Founder Travis Kalanick Resigns as C.E.O.,” New York Times, June 21, 2017, https://www.nytimes.com/2017/06/21/technology/uber-ceo-travis-kalanick.html. 15. Ken Wilber, A Theory of Everything: An Integral Vision for Business, Politics, Science, and Spirituality (Boston: Shambhala, 2000). 16. Frederic Laloux, Reinventing Organizations: A Guide to Creating Organizations Inspired by the Next Stage of Human Consciousness (Brussels: Nelson Parker, 2014). 17.


pages: 197 words: 49,296

The Future We Choose: Surviving the Climate Crisis by Christiana Figueres, Tom Rivett-Carnac

3D printing, Airbnb, AlphaGo, Anthropocene, autonomous vehicles, Berlin Wall, biodiversity loss, carbon footprint, circular economy, clean water, David Attenborough, decarbonisation, DeepMind, dematerialisation, Demis Hassabis, disinformation, Donald Trump, driverless car, en.wikipedia.org, Extinction Rebellion, F. W. de Klerk, Fall of the Berlin Wall, Gail Bradbrook, General Motors Futurama, green new deal, Greta Thunberg, high-speed rail, income inequality, Intergovernmental Panel on Climate Change (IPCC), Internet of things, Jeff Bezos, job automation, Lyft, Mahatma Gandhi, Marc Benioff, Martin Wolf, mass immigration, Mustafa Suleyman, Nelson Mandela, new economy, ocean acidification, plant based meat, post-truth, rewilding, ride hailing / ride sharing, self-driving car, smart grid, sovereign wealth fund, the scientific method, trade route, uber lyft, urban planning, urban sprawl, Yogi Berra

United Nations Department of Economic and Social Affairs, “68% of the World Population Projected to Live in Urban Areas by 2050, Says UN,” May 16, 2018, https://www.un.org/​development/​desa/​en/​news/​population/​2018-revision-of-world-urbanization-prospects.html. 22. David Dudley, “The Guy from Lyft Is Coming for Your Car,” CityLab, September 19, 2016, https://www.citylab.com/​transportation/​2016/​09/​the-guy-from-lyft-is-coming-for-your-car/​500600/. 23. Annie Rosenthal, “How 3D Printing Could Revolutionize the Future of Development,” Medium, May 1, 2018, https://medium.com/​@plus_socialgood/​how-3d-printing-could-revolutionize-the-future-of-development-54a270d6186d; Elizabeth Royte, “What Lies Ahead for 3-D Printing?”

In the near future, even individual ownership of cars may cease to exist as the dominant paradigm—the transportation we need might be offered by shared vehicles, probably self-driving and certainly electric.33 One day consumers may come to define themselves not as owners of products but as beneficiaries of systems of service delivery. Already the world’s largest provider of overnight accommodation (Airbnb) owns no buildings. The world’s largest provider of personal transport (Uber) owns no cars.34 This shift from ownership to stewardship will fundamentally change our relationship to consumerism. We can help accelerate it by engaging with it and welcoming it with open arms. * * * — The story of the happy fisherman, first made popular by Paulo Coelho, has several versions.


pages: 328 words: 90,677

Ludicrous: The Unvarnished Story of Tesla Motors by Edward Niedermeyer

autonomous vehicles, barriers to entry, Bear Stearns, bitcoin, business climate, call centre, carbon footprint, Clayton Christensen, clean tech, Colonization of Mars, computer vision, crowdsourcing, disruptive innovation, Donald Trump, driverless car, Elon Musk, en.wikipedia.org, facts on the ground, fake it until you make it, family office, financial engineering, Ford Model T, gigafactory, global supply chain, Google Earth, housing crisis, hype cycle, Hyperloop, junk bonds, Kaizen: continuous improvement, Kanban, Kickstarter, Lyft, Marc Andreessen, Menlo Park, minimum viable product, new economy, off grid, off-the-grid, OpenAI, Paul Graham, peak oil, performance metric, Ponzi scheme, ride hailing / ride sharing, risk tolerance, Sand Hill Road, self-driving car, short selling, short squeeze, side project, Silicon Valley, Silicon Valley startup, Skype, smart cities, Solyndra, stealth mode startup, Steve Jobs, Steve Jurvetson, tail risk, technoutopianism, Tesla Model S, too big to fail, Toyota Production System, Uber and Lyft, uber lyft, union organizing, vertical integration, WeWork, work culture , Zipcar

In effect, Musk was arguing that Teslas were about half a decade away from becoming economic perpetual-motion machines. As long as you could qualify for a loan of $35,000 or more, you could own an asset that could not only pay for itself, but possibly even earn its owner a net profit. Though Tesla owners would be forbidden from renting out their autonomous vehicles using Uber and Lyft, a “Tesla Network” would facilitate these private robotaxis, and Tesla would even provide its own fleet in localities where demand exceeded supply. Having pivoted from electric drive to autonomy, Musk was now following his Silicon Valley peers into the promised land of shared autonomy. But because Tesla was a traditional car company built on private ownership, it couldn’t simply shift overnight from sleek, expensive, powerful status-endowing cars to the anonymous shared mobility pods that Google and others in the space envisioned.

Meanwhile Tesla’s struggles with the traditional auto industry competencies of manufacturing and service, as well as the low market valuation of every other automaker, meant Tesla’s all-important valuation was more dependent on autonomous-drive technology than ever. If you believed Tesla’s promise, it was not only the sole automaker offering the hottest option on a new car, but it was also a potential disruptor of the hottest companies in the mobility technology space: Uber and Lyft. If you didn’t, the brazenness of Tesla’s ploy to collect money for a feature it couldn’t possibly deliver on raised huge questions about what else the company was bluffing about and what it was really worth . . . and once you started down that line of questioning, there seemed to be no end to it.

This “long-tail risk” means that the closer an autonomous-drive system gets to being “perfect,” the harder it becomes to anticipate and address the remaining edge cases. In 2016, when Tesla first started selling a Full Self Driving option, autonomous-drive technology was at the peak of its hype. After the Josh Brown incident and the fatal crash of an Uber autonomous test vehicle into a pedestrian in March of 2018, popular perceptions of autonomous cars turned negative and developers began to take the edge case problem a lot more seriously. Silicon Valley’s “move fast and break stuff” ethos, which fostered innovation in non-safety-critical software, was beginning to look like a poor approach to developing self-driving car systems, which hold the power of life and death.


pages: 362 words: 87,462

Laziness Does Not Exist by Devon Price

Affordable Care Act / Obamacare, call centre, coronavirus, COVID-19, data science, demand response, Donald Trump, emotional labour, fake news, financial independence, Firefox, gamification, gig economy, Google Chrome, helicopter parent, impulse control, Jean Tirole, job automation, job satisfaction, Lyft, meta-analysis, Minecraft, New Journalism, off-the-grid, pattern recognition, prosperity theology / prosperity gospel / gospel of success, randomized controlled trial, remote working, Saturday Night Live, selection bias, side hustle, side project, Silicon Valley, social distancing, strikebreaker, TaskRabbit, TikTok, traumatic brain injury, uber lyft, working poor

A lot of us have turned to sites like Upwork, TaskRabbit, Uber, Lyft, Fiverr, or Grubhub in order to make supplementary income. After all, full-time jobs with benefits are rapidly becoming a thing of the past.32 The harder it gets to make a conventional, nine-to-five living, the more people have to fill their weekends, evenings, and other spare moments with moneymaking side hustles like these. I know more people like Alex than I could ever possibly name. The gig economy has arrived in full force, and it’s swallowed up the free time and brain space of every driven Millennial artist I know. Ricky drives for Uber in the mornings and evenings when he’s not busy giving singing lessons and performing in choirs.

It started out small, but it helped her recognize which of her friends were really there for her. “Some people disappeared on me the second I stopped giving them free rides and going out of my way to be there for them,” she says. “But other people stepped up their game. I told my friend Phil I couldn’t pick him up every time he wanted to hang out, and he immediately started taking Lyfts to my house. Just like it was nothing. That told me he really wanted to spend time with me even when I wasn’t doing all of the work to make it happen.” With other relationships, though, the change was not as seamless. In those situations, Grace had to learn to stand strong and reassert her needs and limits as often as necessary.

Our economy is structured around the hatred of laziness, and it has us working longer and longer hours with each passing year. Many of us don’t know how to walk away from our jobs, whether for a vacation, a sick day, or simply to relax at home at the end of a shift. Apps like Foxtrot, Upwork, TaskRabbit, and Uber beckon us to work even in our spare time and tempt us to set even more strenuous and unsustainable goals. All this intense overcommitment and overwork is ultimately self-defeating and harmful. In truth, a person can only work so much. You Can Work Only So Much Human beings are not robots; we can’t keep churning out consistent results for hours and hours.


pages: 290 words: 90,057

Billion Dollar Brand Club: How Dollar Shave Club, Warby Parker, and Other Disruptors Are Remaking What We Buy by Lawrence Ingrassia

air freight, Airbnb, airport security, Amazon Robotics, augmented reality, barriers to entry, call centre, commoditize, computer vision, data science, fake news, fulfillment center, global supply chain, Hacker News, industrial robot, Jeff Bezos, Kickstarter, Kiva Systems, Lyft, Mark Zuckerberg, minimum viable product, natural language processing, Netflix Prize, rolodex, San Francisco homelessness, side project, Silicon Valley, Silicon Valley startup, Snapchat, Steve Jobs, supply-chain management, Uber and Lyft, uber lyft, warehouse automation, warehouse robotics, WeWork

Among the early Flexe customers at the Ontario warehouse were the online mattress retailers Casper and Lull; Mohawk, the maker of hOmeLabs brand minifridges and other small appliances; Vive, an online medical device store; and Kangaroo, an outdoor appliance e-tailer. The warehouse’s smallest Flexe customer was Cargo, which sells boxes filled with breath mints, lip balm, beef jerky, candy bars, energy drinks, and aspirin (small-ticket items carried by convenience stores) to Uber and Lyft drivers, who can resell them to their riders and make a few extra bucks. Vive occupied about 50,000 square feet, but Cargo initially occupied fewer than 1,000, with the ability to expand to 2,500, an amount of space that would have been unheard of for a large warehouse to provide to a customer in the past.

Jobs, Steve Johnson, Michael Johnson & Johnson Jones, Michael Kai Kalvaria, Selena Kangaroo Kaplan University Katz-Mayfield, Andy Kaziukenas, Juozas Kellogg’s Kerouac, Jack keyword bids Kickstarter Kim, John Brian kitchenware Kiva Systems Kleiner Perkins Kmart Korey, Steph Koulouris, George Krim, Philip Kumar, Adrian Lackenby, Steve Laczay, Tibor Lai, Patricia Lane Bryant Lark & Ro Laseter, Tim last-mile problem laundry detergent L Brands lead generation Le Conte, Thibault Leesa Lensabl LensCrafters Lerer, Ben Lerer Hippeau Levine, Mark Levi Strauss Levy, Brian lifestyle branding lifetime guarantee Lingley, Ann LinkedIn Lively Locus Robotics logistics Lola Lookalike Audience Lord & Taylor L’Oréal Louis Vuitton LTV (lifetime value) luggage rolling smart Lull Lumi Luxottica LVMH Lyft machinery, hair coloring production MacNeil, Thomas Macy’s Made In Madison Reed Mahoney, Patrick malls Mama Bear manufacturing Maridou, Evan Marino, John-Thomas “JT” marketing. See also advertising cost per order costs of data analytics and discounts and physical space as tool for marketing software Marketplace Pulse market share Marlboro Man Masinter, Mark mattresses Mattress Firm Maveron May Department Stores McGhee, Devin McKinsey consulting MeCommerce Inc.

“As a by-product of our work with Dollar Shave Club, a lot of good things happened,” Hawkins says. “A lot of buzz was created because of our success there. It got talked about a lot in the start-up community.” Ampush’s client list would grow to include not only new direct-to-consumer brands such as Hubble and Madison Reed hair coloring but also larger companies such as Uber and StubHub. In 2015, a much bigger digital marketing company named Red Ventures paid $15 million for a 20 percent stake in Ampush. Ampush’s success sent a clear signal to direct-to-consumer start-ups. While not everybody could develop a viral video, as Michael Dubin had for Dollar Shave Club, anybody could copy Dollar Shave Club’s Facebook strategy of using social media to target its most likely customers and constantly testing and iterating its ads using data that revealed what was working and what wasn’t.


Capitalism, Alone: The Future of the System That Rules the World by Branko Milanovic

affirmative action, Asian financial crisis, assortative mating, barriers to entry, basic income, Berlin Wall, bilateral investment treaty, Black Swan, Branko Milanovic, capital controls, Capital in the Twenty-First Century by Thomas Piketty, carried interest, colonial rule, corporate governance, creative destruction, crony capitalism, deindustrialization, dematerialisation, Deng Xiaoping, discovery of the americas, European colonialism, Fall of the Berlin Wall, financial deregulation, Francis Fukuyama: the end of history, full employment, ghettoisation, gig economy, Gini coefficient, global supply chain, global value chain, Great Leap Forward, high net worth, household responsibility system, income inequality, income per capita, invention of the wheel, invisible hand, job automation, John Maynard Keynes: Economic Possibilities for our Grandchildren, Joseph Schumpeter, labor-force participation, laissez-faire capitalism, land reform, liberal capitalism, low skilled workers, Lyft, means of production, new economy, offshore financial centre, Paul Samuelson, plutocrats, post-materialism, purchasing power parity, remote working, rent-seeking, ride hailing / ride sharing, Robert Solow, Silicon Valley, single-payer health, special economic zone, Tax Reform Act of 1986, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, Thorstein Veblen, uber lyft, universal basic income, Vilfredo Pareto, Washington Consensus, women in the workforce, working-age population, Xiaogang Anhui farmers

The growth of the gig economy commercializes our free time and things that we own but have not used for commercial purposes before. Uber was created precisely on the idea of making better use of free time. Limousine drivers used to have extra time between jobs; instead of wasting that time, they began to drive people around to make money. Now anybody who has some free time can “sell” it by working for a ride-share company or delivering pizza. A portion of leisure time that we could not commercialize (simply because jobs were “lumpy” and could not be squeezed into very short bits of free time) has become marketable. Likewise, a private car that was “dead capital” becomes real capital if used to drive for Lyft or Uber. Keeping the car idle in a garage or parking lot has a clear opportunity cost.

., 207–211; possible evolution of, 215–218; self-perpetuating upper class in, 56–66; systemic inequalities in, 20, 23–42; threat to, 11; welfare state in the era of globalization and, 50–55 Liberal view of world, inability to explain place of communism in history and, 68–78 Libertarianism, 216 Lin, Justin, 126–127 Lobbying, 252n26 Lump of labor fallacy, 197–201 Luxembourg Income Study database, 99 Luxemburg, Rosa, 222 Lyft, 190 Ma, Debin, 115 Machiavelli, Niccolò, 171, 228, 252n25 Maddison, Angus, 232 Maddison Comparison Project, 232 Mafias, political capitalism and, 94 Major, John, 57 Mandeville, Bernard, 178, 185, 228 Mao Zedong, 79, 81, 245n12 Marketable asset, citizenship as, 134–136 Markovits, Daniel, 61, 193–194 Marriage education premium, 39 Marriage patterns, liberal meritocratic capitalism and, 18–19, 36–40 Marx, Karl, 1, 2, 3, 129; on British rule in India, 223, 245n10; defense of imperialism, 76; definition of capitalism, 12; definition of rent, 250n1; on function of capitalist, 22–23; on greed as abstract hedonism, 178–179; on role of ruling class, 65; on Russia, 245n6; on socialism in Russia, 74; on stages of economic development, 224–225; Third World and, 74 Marxian path of development of capitalism, 113–115, 117 Marxist view of history, 221, 224; inability to explain place of communism in history, 68–74 Mason, Paul, 194–195, 255n18 Mazumder, Bhashkar, 41 Meade, James, 48 Measurement: of capital share in total net income, 233–234; of global inequality, 231–233 Mercantilism, 150 Meritocratic capitalism, 49.

Consequently, we cannot imagine what new jobs will be required to satisfy the newly created needs. Again, history comes to the rescue. As recently as fifteen years ago we could not imagine the need for a smart cellphone (because we could not imagine its existence), and thus we could not imagine the new jobs created by smart phone applications: from Uber to applications that sell airplane tickets or connect dog owners with available dog-walkers. Forty years ago, we could not imagine the need to have a computer in our own house, and we could not imagine the millions of new jobs created by the personal computer. Some hundred years ago, we could not imagine the need for a personal motor car, and thus we could not imagine Detroit and Ford and GM and Toyota and even things like the Michelin restaurant guide.


pages: 288 words: 64,771

The Captured Economy: How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality by Brink Lindsey

Airbnb, Asian financial crisis, bank run, barriers to entry, Bernie Sanders, Build a better mousetrap, Capital in the Twenty-First Century by Thomas Piketty, carbon tax, Carmen Reinhart, Cass Sunstein, collective bargaining, creative destruction, Credit Default Swap, crony capitalism, Daniel Kahneman / Amos Tversky, David Brooks, diversified portfolio, Donald Trump, Edward Glaeser, endogenous growth, experimental economics, experimental subject, facts on the ground, financial engineering, financial innovation, financial intermediation, financial repression, hiring and firing, Home mortgage interest deduction, housing crisis, income inequality, informal economy, information asymmetry, intangible asset, inventory management, invisible hand, Jones Act, Joseph Schumpeter, Kenneth Rogoff, Kevin Kelly, knowledge worker, labor-force participation, Long Term Capital Management, low skilled workers, Lyft, Mark Zuckerberg, market fundamentalism, mass immigration, mass incarceration, medical malpractice, Menlo Park, moral hazard, mortgage debt, Network effects, patent troll, plutocrats, principal–agent problem, regulatory arbitrage, rent control, rent-seeking, ride hailing / ride sharing, Robert Metcalfe, Robert Solow, Ronald Reagan, Savings and loan crisis, Silicon Valley, Silicon Valley ideology, smart cities, software patent, subscription business, tail risk, tech bro, too big to fail, total factor productivity, trade liberalization, tragedy of the anticommons, Tragedy of the Commons, transaction costs, tulip mania, Tyler Cowen, Uber and Lyft, uber lyft, Washington Consensus, white picket fence, winner-take-all economy, women in the workforce

Research shows that surviving new firms are generally more productive than existing firms, while existing firms have higher productivity than those that go out of business. Occupational licensing, by impeding the formation of new businesses, slows down this vital channel of productivity growth. The advent of app-based ridesharing firms like Uber and Lyft, and the furious resistance they often provoke from supporters of the traditional taxicab industry, offer a powerfully vivid illustration of the conflict between occupational licensing and innovation. The quality of taxi services has long been fodder for consumer grumbling, but improvement through competition was thwarted by restrictive taxi licensing and associated anticompetitive regulations.

Kleiner, “Reforming Occupational Licensing Policies,” Brookings Institution, Hamilton Project Discussion Paper 2015-01, January 2015, http://www.brookings.edu/~/media/research/files/papers/2015/01/28%20reforming%20occupational%20licensing%20kleiner/reform_occupational_licensing_policies_kleiner_v4.pdf. 17.Kleiner, Licensing Occupations, p. 115. 18.Andrew Bender, “Uber’s Astounding Rise: Overtaking Taxis in Key Markets,” Forbes, April 10, 2015, http://www.forbes.com/sites/andrewbender/2015/04/10/ubers-astounding-rise-overtaking-taxis-in-key-markets/#4d6699a922ef. 19.Peter Cohen, Robert Hahn, Jonathan Hall, Steven Levitt, and Robert Metcalfe, “Using Big Data to Estimate Consumer Surplus: The Case of Uber,” National Bureau of Economic Research Working Paper No. 22627, September 2016, http://www.nber.org/papers/w22627. 20.Scott Wallstein, “Has Uber Forced Taxi Drivers to Up Their Game?” Atlantic, July 9, 2015, http://www.theatlantic.com/business/archive/2015/07/uber-taxi-drivers-complaints-chicago-newyork/397931/. 21.Kleiner, “Reforming Occupational Licensing Policies.” 22.Kleiner and Krueger, “Analyzing the Extent and Influence of Occupational Licensing.” 23.Angrist and Guryan, “Teacher Testing, Teacher Education, and Teacher Characteristics.” 24.Maya N.

They are all affluent and high-status, and they share common ties and the same cultural milieu with the policymakers who regulate them. Although rent-seeking is a pervasive feature of democracies, not all rent-seeking schemes are created equal. Taxi drivers in many cities have been able to stymie the entrance of Uber into their markets, reducing competition and increasing their incomes in the process. Whatever one thinks of Uber, and both of us are basically supportive of the business model (if not the scandal-plagued corporate culture), taxi drivers are almost always people of very modest incomes. Labor unions have often been able to increase the wages and job security of their members above what a competitive market would provide, with costs passed on to consumers.


pages: 260 words: 67,823

Always Day One: How the Tech Titans Plan to Stay on Top Forever by Alex Kantrowitz

accounting loophole / creative accounting, Albert Einstein, AltaVista, Amazon Robotics, Amazon Web Services, Andy Rubin, anti-bias training, augmented reality, Automated Insights, autonomous vehicles, Bernie Sanders, Big Tech, Cambridge Analytica, Clayton Christensen, cloud computing, collective bargaining, computer vision, Donald Trump, drone strike, Elon Musk, fake news, Firefox, fulfillment center, gigafactory, Google Chrome, growth hacking, hive mind, income inequality, Infrastructure as a Service, inventory management, iterative process, Jeff Bezos, job automation, Jony Ive, Kiva Systems, knowledge economy, Lyft, Mark Zuckerberg, Menlo Park, new economy, Nick Bostrom, off-the-grid, Peter Thiel, QR code, ride hailing / ride sharing, robotic process automation, Salesforce, self-driving car, Sheryl Sandberg, Silicon Valley, Skype, Snapchat, SoftBank, Steve Ballmer, Steve Jobs, Steve Wozniak, super pumped, tech worker, Tim Cook: Apple, uber lyft, warehouse robotics, wealth creators, work culture , zero-sum game

After faithfully naming a few basic things the HomePod was capable of—playing music from Apple Music, reading your last text message aloud, telling you the weather—Brownlee started listing the many places it fell short. It couldn’t tell the difference between two people’s voices; it couldn’t sync with another HomePod; it couldn’t make Spotify the default music player. And from there, he just let it fly. “You can’t order products online,” Brownlee said. “You can’t order food online, you can’t call an Uber or a Lyft with it. You can’t have it read calendar events or set any calendar events. You can’t set multiple timers at the same time, only one at a time, which seems like something you would do in a kitchen with a smart speaker. You can’t have it make phone calls via your voice—again, that’s something you have to set up on your phone and then airplay to the HomePod.

Dow Jones & Company, October 25, 2018. https://www.wsj.com/articles/at-netflix-radical-transparency-and-blunt-firings-unsettle-the-ranks-1540497174?mod=hp_lead_pos4. Ideas at Tesla come from the top: Duhigg, Charles. “Dr. Elon & Mr. Musk: Life Inside Tesla’s Production Hell.” Wired. Condé Nast, December 13, 2008. https://www.wired.com/story/elon-musk-tesla-life-inside-gigafactory. Uber’s culture is famously troubled: Isaac, Mike. Super Pumped: The Battle for Uber. New York: W. W. Norton & Company, 2019. CHAPTER 1: INSIDE JEFF BEZOS’S CULTURE OF INVENTION Bezos drives Amazon’s inventive culture through fourteen leadership principles: “Leadership Principles.” Amazon.jobs. Accessed October 3, 2019. https://www.amazon.jobs/en/principles.

Nor is it the province of the tech giants alone. Smaller companies can apply it just as effectively. But for now, the tech giants are ahead, especially among their tech peers. Netflix, for instance, has a feedback culture, but not one meant to spark invention. Ideas at Tesla come from the top. And Uber’s culture is famously troubled. This book will unpack the Engineer’s Mindset, describing how it’s the foundation of the systems Bezos, Zuckerberg, Pichai, and Nadella have built to channel ideas and bring them to life. This mindset will soon become standard in successful companies across the globe.


pages: 245 words: 83,272

Artificial Unintelligence: How Computers Misunderstand the World by Meredith Broussard

"Susan Fowler" uber, 1960s counterculture, A Declaration of the Independence of Cyberspace, Ada Lovelace, AI winter, Airbnb, algorithmic bias, AlphaGo, Amazon Web Services, autonomous vehicles, availability heuristic, barriers to entry, Bernie Sanders, Big Tech, bitcoin, Buckminster Fuller, Charles Babbage, Chris Urmson, Clayton Christensen, cloud computing, cognitive bias, complexity theory, computer vision, Computing Machinery and Intelligence, crowdsourcing, Danny Hillis, DARPA: Urban Challenge, data science, deep learning, Dennis Ritchie, digital map, disruptive innovation, Donald Trump, Douglas Engelbart, driverless car, easy for humans, difficult for computers, Electric Kool-Aid Acid Test, Elon Musk, fake news, Firefox, gamification, gig economy, global supply chain, Google Glasses, Google X / Alphabet X, Greyball, Hacker Ethic, independent contractor, Jaron Lanier, Jeff Bezos, Jeremy Corbyn, John Perry Barlow, John von Neumann, Joi Ito, Joseph-Marie Jacquard, life extension, Lyft, machine translation, Mark Zuckerberg, mass incarceration, Minecraft, minimum viable product, Mother of all demos, move fast and break things, Nate Silver, natural language processing, Northpointe / Correctional Offender Management Profiling for Alternative Sanctions, One Laptop per Child (OLPC), opioid epidemic / opioid crisis, PageRank, Paradox of Choice, payday loans, paypal mafia, performance metric, Peter Thiel, price discrimination, Ray Kurzweil, ride hailing / ride sharing, Ross Ulbricht, Saturday Night Live, school choice, self-driving car, Silicon Valley, Silicon Valley billionaire, speech recognition, statistical model, Steve Jobs, Steven Levy, Stewart Brand, TechCrunch disrupt, Tesla Model S, the High Line, The Signal and the Noise by Nate Silver, theory of mind, traumatic brain injury, Travis Kalanick, trolley problem, Turing test, Uber for X, uber lyft, Watson beat the top human players on Jeopardy!, We are as Gods, Whole Earth Catalog, women in the workforce, work culture , yottabyte

They had started an Indiegogo crowdfunding campaign to partially fund the project and had already collected a few hundred dollars. Next up was Screet, a service that proposed to deliver on-demand products to couples in the throes of passion. Aimed at those who want to be safe but don’t want to make a trip to the drugstore, Screet was a smartphone app that would summon a Lyft or Uber driver to unobtrusively drop off condoms, dental dams, or latex gloves that he or she kept stored in the car trunk in plain, SKU-labeled boxes. This service was going to be especially useful for LGBTQIA people, Screet claimed, because dental dams are hard to find in stores. After two pitches, I wandered out of the green room and rejoined my team to watch the rest of the pitches on the simulcast.

It shows up later in the behavior of tech CEOs like Travis Kalanick, who in 2017 was ousted from his top position at Uber for (among other things) creating a culture of sexual harassment. Kalanick also had the attitude that laws didn’t matter. He launched Uber in cities worldwide in defiance of local taxi and limousine regulations, created a program called Greyball to help Uber computationally evade sting operations by law enforcement, was captured on camera verbally abusing an Uber driver, and looked the other way when Uber drivers raped passengers.10 According to a blog post by former Uber engineer Susan Fowler, Kalanick’s tech managers were almost cartoonishly incompetent at dealing with the harassment complaints Fowler lodged.

Dormehl, “Why John Sculley Doesn’t Wear an Apple Watch (and Regrets Booting Steve Jobs).” 8. Lewis, “Rise of the Fembots”; LaFrance, “Why Do So Many Digital Assistants Have Feminine Names?” 9. Hillis, “Radioactive Skeleton in Marvin Minsky’s Closet.” 10. Alba, “Chicago Uber Driver Charged with Sexual Abuse of Passenger”; Fowler, “Reflecting on One Very, Very Strange Year at Uber”; Isaac, “How Uber Deceives the Authorities Worldwide.” 11. Copeland, “Summing Up Alan Turing.” 12. “The Leibniz Step Reckoner and Curta Calculators—CHM Revolution.” 13. Kroeger, The Suffragents; Shetterly, Hidden Figures; Grier, When Computers Were Human. 14. 


pages: 340 words: 94,464

Randomistas: How Radical Researchers Changed Our World by Andrew Leigh

Albert Einstein, Amazon Mechanical Turk, Anton Chekhov, Atul Gawande, basic income, behavioural economics, Black Swan, correlation does not imply causation, crowdsourcing, data science, David Brooks, Donald Trump, ending welfare as we know it, Estimating the Reproducibility of Psychological Science, experimental economics, Flynn Effect, germ theory of disease, Ignaz Semmelweis: hand washing, Indoor air pollution, Isaac Newton, It's morning again in America, Kickstarter, longitudinal study, loss aversion, Lyft, Marshall McLuhan, meta-analysis, microcredit, Netflix Prize, nudge unit, offshore financial centre, p-value, Paradox of Choice, placebo effect, price mechanism, publication bias, RAND corporation, randomized controlled trial, recommendation engine, Richard Feynman, ride hailing / ride sharing, Robert Metcalfe, Ronald Reagan, Sheryl Sandberg, statistical model, Steven Pinker, sugar pill, TED Talk, uber lyft, universal basic income, War on Poverty

The results of the randomised experiment showed that ‘the mere myth of compatibility works just as well as the truth’.20 Some firms remain reluctant to run experiments, with managers stymied by bureaucratic inertia, or fearing that an experiment will demonstrate that they don’t have all the answers (the truth: they don’t).21 But in other industries, experiments are everywhere. Running a randomised experiment in business is often called ‘A/B testing’, and has become integral to the operation of firms such as eBay, Intuit, Humana, Chrysler, United Airlines, Lyft and Uber. Money transfer firm Western Union uses randomised experiments to decide what combination of fixed fees and foreign exchange mark-ups to charge consumers. Quora, a question-and-answer website, devotes a tenth of its staff to running randomised trials, and is conducting about thirty experiments at any given time.22 As one writer puts it, ‘We talk about the Google homepage or the Amazon checkout screen, but it’s now more accurate to say that you visited a Google homepage, an Amazon checkout screen.’23 Another commentator observes that ‘every pixel on the [Amazon] home page has had to justify its existence through repeated testing of alternative layouts’.24 Among the largest restaurants, retailers and financial institutions in the United States, at least a third are running randomised experiments.25 But these experiments don’t always go according to plan

‘The behavioralist visits the factory: Increasing productivity using simple framing manipulations’, Management Science, vol. 58, no. 12, 2012, pp. 2151–67. Similarly, ridesharing company Lyft found that new drivers were more likely to shift from a quiet time of the week to a busy time of the week if the difference was expressed as a loss than a gain (the company ultimately chose not to implement the results of the study): Noam Scheiber, ‘How Uber uses psychological tricks to push its drivers’ buttons’, New York Times, 2 April 2017. 42Alexandre Mas & Enrico Moretti, ‘Peers at work’, American Economic Review, vol. 99, no. 1, 2009, pp. 112–45; Oriana Bandiera, Iwan Barankay and Imran Rasul, ‘Social incentives in the workplace’, Review of Economic Studies, vol. 77, no. 2, 2010, pp. 417–58; Lamar Pierce and Jason Snyder, ‘Ethical spillovers in firms: Evidence from vehicle emissions testing,’ Management Science, vol. 54, no. 11, 2008, pp. 1891–1903.


pages: 206 words: 60,587

Side Hustle: From Idea to Income in 27 Days by Chris Guillebeau

Airbnb, buy low sell high, content marketing, inventory management, Lyft, passive income, ride hailing / ride sharing, Salesforce, sharing economy, side hustle, side project, Silicon Valley, Silicon Valley startup, subscription business, TaskRabbit, the scientific method, Uber for X, uber lyft

On our imaginary drive, I mentioned ridesharing, where you essentially operate your own car as a taxi. A lot of people get started with side hustles by driving for Uber, Lyft, or some other rideshare service. It’s not a bad start at all; you can work when you want, and the majority of the fares are yours to keep. Still, it also has a severe limitation: since you only make money when you’re driving, you’re still just earning an hourly wage that is capped by market demand, competition from other drivers, and of course, your own limited supply of free time. In my last book, Born for This, I told the story of Harry Campbell, an Uber driver who created an online community called The Rideshare Guy.

Instead of just ferrying people around all the time, he now also earns money coaching other drivers and serving as an expert commentator on the booming rideshare industry. This is what I mean by a next-level idea. See the difference? Since new drivers are signing up all the time, Harry’s market demand is nearly inexhaustible. Starter idea: Drive for Uber Next-level idea: Coach other Uber drivers As another example, back when I got started hustling more than two decades ago, I listed various items for sale on online auction sites. I started by listing random stuff from around my apartment that I no longer needed. It was fun and profitable, but it had a severe, built-in limitation: sooner or later I’d run out of stuff to sell!

In doing the interviews for my daily Side Hustle School podcast, I’ve heard stories upon stories of how people started before they were ready. • A self-published romance novelist presells the next book in a series before writing it • A mom creates a “Stressed Mommy” line of private label wine, without knowing anything about the wine industry • Two friends start an “Uber for Lawncare” hustle with the goal of serving lawn care professionals, figuring it out as they go along (they end up making more than $1 million a year) All these examples reinforce a guiding lesson of this whole book: “Done is better than perfect.” Not sure exactly how to handle a coaching session?


pages: 252 words: 79,452

To Be a Machine: Adventures Among Cyborgs, Utopians, Hackers, and the Futurists Solving the Modest Problem of Death by Mark O'Connell

"World Economic Forum" Davos, 3D printing, Ada Lovelace, AI winter, Airbnb, Albert Einstein, AlphaGo, Amazon Picking Challenge, artificial general intelligence, Bletchley Park, Boston Dynamics, brain emulation, Charles Babbage, clean water, cognitive dissonance, computer age, cosmological principle, dark matter, DeepMind, disruptive innovation, double helix, Edward Snowden, effective altruism, Elon Musk, Extropian, friendly AI, global pandemic, Great Leap Forward, Hans Moravec, impulse control, income inequality, invention of the wheel, Jacques de Vaucanson, John von Neumann, knowledge economy, Law of Accelerating Returns, Lewis Mumford, life extension, lifelogging, Lyft, Mars Rover, means of production, military-industrial complex, Nick Bostrom, Norbert Wiener, paperclip maximiser, Peter Thiel, profit motive, radical life extension, Ray Kurzweil, RFID, San Francisco homelessness, self-driving car, sharing economy, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, Singularitarianism, Skype, SoftBank, Stephen Hawking, Steve Wozniak, superintelligent machines, tech billionaire, technological singularity, technoutopianism, TED Talk, The Coming Technological Singularity, Travis Kalanick, trickle-down economics, Turing machine, uber lyft, Vernor Vinge

This gave the place an air of sorrowful aftermath, as though in some efficient and bloodless apocalypse all souls had been raptured, but for those tainted by poverty. I needed to get to Piedmont by 9 a.m., and there was not a cab to be seen. I had maxed out on data roaming within minutes of landing in SFO two days previously, and so had no way of Ubering or Lyfting myself the remaining five miles east to the conference venue. I felt divested, as though bereft of some irreducibly human faculty. After an interlude of vacillation (Should I look around for a café with WiFi? Should I get some quarters and find a pay phone? Were pay phones even a thing anymore?)

But when the race was held again the following year, five cars finished the route, and the winning team went on to form the nucleus of Google’s Self-Driving Car Project, under the auspices of which, even now, California’s roads were being successfully navigated by vehicles unguided by human hands, luxury ghostmobiles on the decaying highways, an advance guard of an automated future. Uber, the drive-sharing service that had seriously damaged the taxi sector in recent years, was already speaking openly about its plans to replace all of its drivers with automated cars as soon as the technology allowed. At a conference in 2014, the company’s preeminently obnoxious CEO Travis Kalanick had explained that “the reason Uber could be expensive is because you’re not just paying for the car, you’re paying for the other dude in the car. When there’s no other dude in the car, the cost of taking an Uber anywhere becomes cheaper than owning a vehicle.”

As I took my leave of these machines, the mind-children of my fellow humans, and as I made my way out of the grandstand toward the Uber driver whose approach I was tracking on my iPhone screen, I found myself suddenly, intimately conscious of the mechanical nature of my movements, of the articulated pendula of my legs, with their ball joints and adductors and extensors, and I felt for a moment as though no interior volition was at work here, as though this object in motion, feeling these things, was merely a component in some vast and unrevealed pattern, some controlled system that included the Uber driver, the advancing car, the highway network of Greater Los Angeles, the images representing these phenomena on the smartphone screen, the eyes watching that screen, the information, the code, and the world itself, among other things.


pages: 716 words: 192,143

The Enlightened Capitalists by James O'Toole

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, Abraham Maslow, activist fund / activist shareholder / activist investor, anti-communist, Ayatollah Khomeini, benefit corporation, Bernie Madoff, Bletchley Park, book value, British Empire, business cycle, business logic, business process, California gold rush, carbon footprint, City Beautiful movement, collective bargaining, company town, compensation consultant, Cornelius Vanderbilt, corporate governance, corporate social responsibility, Credit Default Swap, crowdsourcing, cryptocurrency, desegregation, do well by doing good, Donald Trump, double entry bookkeeping, end world poverty, equal pay for equal work, Frederick Winslow Taylor, full employment, garden city movement, germ theory of disease, glass ceiling, God and Mammon, greed is good, high-speed rail, hiring and firing, income inequality, indoor plumbing, inventory management, invisible hand, James Hargreaves, job satisfaction, joint-stock company, Kickstarter, knowledge worker, Lao Tzu, Larry Ellison, longitudinal study, Louis Pasteur, Lyft, Marc Benioff, means of production, Menlo Park, North Sea oil, passive investing, Ponzi scheme, profit maximization, profit motive, Ralph Waldo Emerson, rolodex, Ronald Reagan, Salesforce, scientific management, shareholder value, Silicon Valley, Social Responsibility of Business Is to Increase Its Profits, Socratic dialogue, sovereign wealth fund, spinning jenny, Steve Jobs, Steve Wozniak, stock buybacks, stocks for the long run, stocks for the long term, The Fortune at the Bottom of the Pyramid, The Wealth of Nations by Adam Smith, Tim Cook: Apple, traveling salesman, Uber and Lyft, uber lyft, union organizing, Vanguard fund, white flight, women in the workforce, young professional

Unlike modern economists, however, Owen and other enlightened leaders viewed investing in employee development as necessary not merely for business reasons but, more important, because they believed they had a moral responsibility to provide workers with the opportunity to pursue happiness through fulfilling their individual potentials at work. In Jeffersonian terms, the enlightened capitalists considered employee development a human right. But why would Uber pay for the development of its drivers? After all, they might go to work for Lyft tomorrow. And why would Hewlett-Packard—once a leader in employee skill and career development—invest in the training of its contingent workforce, whose next gig will probably be at a competitor hollow organization? And why would Universal Pictures plan for full employment, or engage in community-building activities, when the movies it produces are made by freelancers?

And I have not even mentioned the looming negative effects of automation on tomorrow’s workforce, nor dealt with the problem of foreign outsourcing. And, to offer a specific example, I have failed to examine the consequences for former taxi drivers of the upheaval in their lives caused by the advent of Uber and Lyft. Many of those men and women had been members of long-standing worker cooperatives offering health insurance and a sense of community. Then there is the unsettling fact that most new jobs being created today are in low-paying industries—in hotels, restaurants, and discount retailing—where worker skills are seldom developed and such benefits as health insurance are rare.2 Taken together, these trends threaten to leave countless people in Britain and America without meaningful employment in traditional organizations.

., 120–21 Limited stores, 354 Lincoln, Abraham, xliii Lincoln, James, 150, 268, 396, 428 about, 95–96 as advocate of his philosophy, 96–97, 111–12 arguments against his system, 118–19 as capitalist, 131–32 Christian values and managerial philosophy, 110–11, 137, 360 “classless society” vision of, 112, 123 congressional questioning of, 102–3 customer service and, 96 death of, 116 “the development of latent ability” and, 96–97, 100 durability of system, 112–16, 395 ethics and, 111 Ford’s influence on, 96, 112–13 as free-trader, 111 idealism of, 131 incentive management, 94, 97–105, 111 influence of, 430 innovation and, 109 intellectual influences on, 430 Lincoln Electric and, 94–119 management style of, 115–16 message of, 96 as outspoken, 96, 116 product innovation and, 109–12 profound insight of, 95 reconciling the antagonistic interests of workers and owners, 94 study of management by, 96 system as alternative to socialism, 97 system not adopted by any other major company, 117, 117n trust of workers, 113 workplace practices, reason for, 431–32 Lincoln, John Cromwell, 95, 109, 110, 115 Lincoln Electric, 290, 406, 424, 476 advisory board, 97–98, 100, 106, 138, 413 average earnings, 100 community relations, 110, 113, 116 company today, 94, 116–19 critics of, 118–19, 134 culture of, 98–99 diversification resisted, 109–10 egalitarian work environments, 98 employee bonuses, 94, 102, 491n11 employee communication and participation, 97–99 employee retention, 104, 185 employee self-management and lowest total labor costs, 101 employee wages and benefits, 94–95, 98, 99–101, 158, 276 ethical behavior and, 111 expectations of employees, 104–5 foreign expansion, 98, 102 founding of, 95 Great Depression and, 100, 103 growth, 110 guaranteed employment/job security, 94, 95, 103–5, 111 incentive management, 97–105 influence on SAIC, 413–14 innovation and, 94, 95, 109–12 institutionalization of practices, 436 merit-based bonus, 101–3 number of employees, 94 ownership structure, 115, 116–17, 433, 436 piecework compensation, 99–101, 106–7, 117n, 229 productivity, 99–101 profits (2017), 94 profits reinvested, 109, 110 profit-sharing, 98, 101–3, 406 public offering of stock, 117 recent acquisitions, 117 recruitment and, 131 sustainability of business model, 134–35, 395, 433 trade union objections, 105–9 working conditions, 98 world’s largest manufacturer of electric arc-welding machines, 94 Lindt, Rodolphe, 77 Lister, Joseph, 145 living conditions of workers, xi ACIPCO housing, 138 Britain’s textile mills and, 6 Carnegie’s workers, xxxii Ford and, 113 Ford’s Fordlandia, xxviii Hershey and, 78–79, 80, 82, 85, 86 J&J and, 148 Lever and, 54–55, 56–57 Lever Bros. in the Congo and, 60 M&S employee lunchrooms and, 212 Miller and, 315 model towns, 18–19, 54–56, 78–79, 82, 84, 85, 113, 148, 315, 450 Owen and, 12, 13, 18–19 Pullman’s company town, 77 Locke, John, 9 Locke, Robert, 430 London Stock Exchange, 47 Long, Russell, 411 Lord & Taylor, 432 Lord Corporation, 424 L’Oréal, 357–59, 392, 394 Los Kass, 35 Lubetzky, Daniel, 404–5, 456, 457 Do the KIND Thing, 404 Luce, Henry, 154 Lucent Technologies, 318 Lyft, 474, 475 Macauley, Thomas, 7, 154 Machiavelli, Niccolò, xlii Mackey, John, 444, 447, 448, 455 Conscious Capitalism (CC) movement, 452–53 as pro-capitalism with libertarian convictions, 453 Macqueen, Adam, The King of Sunlight, 61–62, 488n Macy’s, 401 Madoff, Bernie, 468 Maersk, 507n7 Major Barbara (Shaw), 69–70 Malden Mills, 262–63, 427 Polartec and, 263 Maltby, Kate, xliv Manchester, UK, 5, 6, 8–10, 11, 208 as center for the Industrial Revolution, 9 Enlightenment ideas in, 9 Owen in, 8–10 Manchester Literary and Philosophical Society, 10 Manchester University, 210 Man for All Seasons, A (Bolt), xlii Mann, Horace, 94 Margarine Unie, 65 Marks, Hannah Cohen, 207 Marks, Michael, 206–9, 395 death of, 209, 223 ethics and, 210, 222, 428 Leeds market stalls and, 207 marriage and family, 207 novel retail practices, 207 partnership with Spencer, 208 Marks, Miriam Sieff, 209 Marks, Simon, 209, 431 as Baron Marks of Broughton, 217 birth of, 207 concept of “superstores,” 210–11 death of, 217 economic philosophy, 209–10 friendship with Israel Sieff, 208, 209 institutionalization of practices, 435 as Marks & Spencer CEO, 209–17 marriage and family, 209 paternalism and, 213 personality of, 214, 215 Weizmann’s influence on, 210, 211, 428 Marks & Spencer (M&S), 206–23, 426 acquisitions, 220 bad decisions at, 220 as Britain’s dominant retailer, 211 business model, 210 Chapman heads, 209 community relations and, 213, 216 company ownership, 209, 211, 399, 436 crisis of 1999 and reorganization, 221 customer base, loss of, 221 customers and, 211–17 domestic sourcing of products, 214 employees and, 210, 216, 219 employees’ education and training, 212 employees’ health care, 212 employees’ lunchrooms, 212 employees’ profit-sharing and stock-ownership program, 212, 221 employment policies, 219 environmental practices, 222 ethical lapses and, 220 ethical standards, 210 first private brand in British retailing (St Michael), 213–14, 216, 221, 222 food sales, 214 founding of, 208 Greenbury as CEO and loss of business model, 220–21 growth, 211 incorporation of, 208 industrial research and, 211 as leader in informational labeling, 222 as limited liability corporation, 211 “Look Behind the Label” campaign, 222 management, 215–16 in Manchester, 208 Marks, Simon, heads, 209–17 as “Marks and Sparks,” 211 nonfamily CEOs and current state, 220–23 Norman as CEO and imperiling of enlightened culture, 223 paternalism and, 213 Penny Bazaars, 208 philosophies and practices (list), 216 philosophy of employment policies, 212 product line, 215 profits and, 220 Rayner as CEO, 220 refocus on core values, 222 relationships with manufacturers, 211, 216 reputation for quality, 215 Rose as CEO, 221–22 Sieff, Israel, leadership of, 209–10, 217 Sieff, Marcus, as CEO, 217–19 social responsibility, 210, 213, 216, 218 social responsibility and, 222 stock and lost value, 220–21 store closings, 223 transforming British retailing, 210 Vandevelde as CEO, 221 wages and benefits, 211, 212, 219 women managers and, 212 Woolworths as competitor, 210 World War II and, 214 Mars, 398–99 environmental practices, 399 line of healthy snacks, 399 long-term thinking and, 399 management philosophy, 399 number of employees, 399 progressive employee-and management-development practices, 399 Reid as CEO, 399 sales and earnings, 399 Wrigley acquired by, 399 Mars, Forrest, 398–99 Martineau, Harriet, 27 Marvin Windows and Doors, 396–97 Marx, Karl, xi, 5, 25, 432 criticism of Owen, 6–7 redistribution of wealth and, 132 Maslow, Abraham, 160, 431 Mattel, 286 Maximilian I, Emperor, xxv, xxvi Mayo, Elton, 154 Mayville, Gail, 385–86, 451 “Green Team,” 386 Mazzei, Ser Lapo, xxiv–xxv McGregor, Douglas, 160, 229, 430 Theory Y, 431 McKinsey & Co., 194, 411 McNabb, Bill, xiv, xv, 461 McWane, J.


pages: 342 words: 72,927

Transport for Humans: Are We Nearly There Yet? by Pete Dyson, Rory Sutherland

Abraham Maslow, Alan Greenspan, autonomous vehicles, barriers to entry, behavioural economics, bitcoin, Black Swan, Boeing 747, BRICs, butterfly effect, car-free, carbon footprint, Charles Babbage, choice architecture, cognitive bias, cognitive load, coronavirus, COVID-19, Crossrail, Daniel Kahneman / Amos Tversky, decarbonisation, demand response, Diane Coyle, digital map, driverless car, Dunning–Kruger effect, Elon Musk, fake news, functional fixedness, gender pay gap, George Akerlof, gig economy, global supply chain, Goodhart's law, Greta Thunberg, Gödel, Escher, Bach, high-speed rail, hive mind, Hyperloop, Induced demand, informal economy, Isaac Newton, Jane Jacobs, lockdown, longitudinal study, loss aversion, low cost airline, Lyft, megaproject, meta-analysis, Network effects, nudge unit, Ocado, overview effect, Paul Samuelson, performance metric, pneumatic tube, RAND corporation, randomized controlled trial, remote working, ride hailing / ride sharing, risk tolerance, Rory Sutherland, Sapir-Whorf hypothesis, selection bias, Skype, smart transportation, social distancing, South Sea Bubble, systems thinking, TED Talk, the map is not the territory, The Market for Lemons, the scientific method, The Wisdom of Crowds, Thomas Malthus, Uber and Lyft, uber lyft, urban planning, Veblen good, When a measure becomes a target, yield management, zero-sum game

The bad news is that we haven’t been able to get an air bridge, but the good news is that the bus will take you straight to passport control, so you won’t have far to walk. Silver linings need sensitive application, given their potential to be interpreted as spinning a negative as a positive. It’s an upside, not an upgrade. It would be fascinating for operators to collect qualitative and quantitative data to better understand and act on this phenomenon. Uber and Lyft have conducted groundbreaking experiments on passenger behaviour.28 In 2017 they jointly commissioned a team of Chicago-based behavioural economists to design an apology experiment. The companies wanted to discover the best approach to retaining customers who had suffered from delays on a trip they took: a basic apology; a sophisticated apology that conceded the company was at least partly responsible; a discount voucher, with or without an apology; or no apology at all.

Report, February, ORR (www.orr.gov.uk/media/16871). 10 J. Stone. 2019. Netherlands makes trains free on national book day for those who show a book instead of a ticket. The Independent, 1 April (https://bit.ly/2Skcojx). 11 I. Lapowsky. 2014. What Uber’s Sydney surge pricing debacle says about its public image. WIRED, 15 December (wired.com/2014/12/uber-surge-sydney/). 12 J. Locke. 1695. Venditio. A short essay available to read on the Reconstructing Economics website (https://reconstructingeconomics.com/2014/06/06/venditio-by-john-locke/). 13 Transport Focus. 2010. Ticket vending machine usability – qualitative research.

The Dutch make train trips free to anyone who presents a Dutch-language book (one purchased that week) instead of a ticket, thereby selling train travel for what some people really value: a seat offering room for reflection and some ‘me-time’.10 We are convinced that enticing new users onto public transport will require fresh ideas and novel discounts to encourage reappraisal. People need a new story to tell themselves about why the train or bus works for them. Can we discriminate beyond time and price? We use prices as an imperfect way of managing and redistributing high demand. Uber’s algorithm charges surge prices at busy times, but doing so during a terrorist attack (as happened with Sydney’s 2014 hostage incident) feels morally wrong.11 In his 1690 pamphlet Venditio, the Enlightenment philosopher John Locke observed the strong moral instinct to reject charges that exploit misfortune.12 But most people do occasionally need a fast option – when they are rushing to the airport, say.


pages: 661 words: 185,701

The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance by Eswar S. Prasad

access to a mobile phone, Adam Neumann (WeWork), Airbnb, algorithmic trading, altcoin, bank run, barriers to entry, Bear Stearns, Ben Bernanke: helicopter money, Bernie Madoff, Big Tech, bitcoin, Bitcoin Ponzi scheme, Bletchley Park, blockchain, Bretton Woods, business intelligence, buy and hold, capital controls, carbon footprint, cashless society, central bank independence, cloud computing, coronavirus, COVID-19, Credit Default Swap, cross-border payments, cryptocurrency, deglobalization, democratizing finance, disintermediation, distributed ledger, diversified portfolio, Dogecoin, Donald Trump, Elon Musk, Ethereum, ethereum blockchain, eurozone crisis, fault tolerance, fiat currency, financial engineering, financial independence, financial innovation, financial intermediation, Flash crash, floating exchange rates, full employment, gamification, gig economy, Glass-Steagall Act, global reserve currency, index fund, inflation targeting, informal economy, information asymmetry, initial coin offering, Internet Archive, Jeff Bezos, Kenneth Rogoff, Kickstarter, light touch regulation, liquidity trap, litecoin, lockdown, loose coupling, low interest rates, Lyft, M-Pesa, machine readable, Mark Zuckerberg, Masayoshi Son, mobile money, Money creation, money market fund, money: store of value / unit of account / medium of exchange, Network effects, new economy, offshore financial centre, open economy, opioid epidemic / opioid crisis, PalmPilot, passive investing, payday loans, peer-to-peer, peer-to-peer lending, Peter Thiel, Ponzi scheme, price anchoring, profit motive, QR code, quantitative easing, quantum cryptography, RAND corporation, random walk, Real Time Gross Settlement, regulatory arbitrage, rent-seeking, reserve currency, ride hailing / ride sharing, risk tolerance, risk/return, Robinhood: mobile stock trading app, robo advisor, Ross Ulbricht, Salesforce, Satoshi Nakamoto, seigniorage, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, smart contracts, SoftBank, special drawing rights, the payments system, too big to fail, transaction costs, uber lyft, unbanked and underbanked, underbanked, Vision Fund, Vitalik Buterin, Wayback Machine, WeWork, wikimedia commons, Y Combinator, zero-sum game

On-Demand Insurance Traditional insurance companies are typically reluctant to extend auto insurance to drivers who use their cars to transport passengers for rideshare services such as Lyft and Uber or to provide homeowners with insurance policies that cover short-term rentals of properties through homeshare services such as Airbnb. Some of these scenarios can be covered by commercial insurance policies, but these tend to be prohibitively expensive. A full-year commercial policy might make little sense for an Uber driver who drives only a few hours a week outside of another full-time job or an elderly couple renting out their apartment for just a few weeks a year when they are traveling.

The pullout of Libra Association members is reported in Joe Light and Olivia Carville, “Libra Loses a Quarter of Its Members as Booking Holdings Exits,” Bloomberg, October 14, 2019, https://www.bloomberg.com/news/articles/2019-10-14/booking-holdings-is-latest-to-pull-out-of-libra-association. As of September 2020, twenty of the original twenty-eight founding members remained, while the total number of members had risen back up to twenty-six, including Lyft, Uber, a few venture capital funds, and Facebook itself (through its subsidiary Novi). See https://www.diem.com/en-us/association/#the_members. Libra Revised The April 2020 white paper is posted at “Libra White Paper,” Libra Association, https://wp.diem.com/en-US/wp-content/uploads/sites/23/2020/04/Libra_WhitePaperV2_April2020.pdf.

,” Financial Times, May 10, 2018, https://www.ft.com/content/9fc55dda-5316-11e8-b24e-cad6aa67e23e. Rogoff (2016) proposes the elimination of high-denomination currency banknotes. That Uber does not pay social security or Medicare taxes for drivers or pay into social insurance programs, such as unemployment insurance and workers’ compensation, is discussed in Economic Policy Institute, Uber and the Labor Market, May 15, 2018, https://www.epi.org/publication/uber-and-the-labor-market-uber-drivers-compensation-wages-and-the-scale-of-uber-and-the-gig-economy/. Even More Advantages of a CBDC Countering Counterfeiting The discussion about counterfeiting in ancient China, including the text from one of the Bao Chao currency notes, is drawn from Prasad (2016).


pages: 247 words: 69,593

The Creative Curve: How to Develop the Right Idea, at the Right Time by Allen Gannett

Alfred Russel Wallace, collective bargaining, content marketing, data science, David Brooks, deliberate practice, Desert Island Discs, Elon Musk, en.wikipedia.org, gentrification, glass ceiling, iterative process, lone genius, longitudinal study, Lyft, Mark Zuckerberg, McMansion, pattern recognition, profit motive, randomized controlled trial, recommendation engine, Richard Florida, ride hailing / ride sharing, Salesforce, Saturday Night Live, sentiment analysis, Silicon Valley, Silicon Valley startup, Skype, Snapchat, South of Market, San Francisco, Steve Jobs, TED Talk, too big to fail, uber lyft, work culture

For this reason, gatekeepers are a notorious challenge for creative people. Csikszentmihalyi explained to me that often an industry gatekeeper doesn’t want to “creatively christen” anyone new. In the world of start-ups, for example, venture capitalists may decide that there are too many Uber or Lyft clones already, and decline to fund a new ride-sharing service. Even if a fledgling company has the potential to become a strong competitor of Uber, it may not be possible to raise the necessary capital to compete. If you cannot attract the attention of the gatekeepers, you might very well be “original” and “technically skilled,” but the truth of the matter is you will not be considered creative.

I have no doubt he’ll be in an MMA ring soon enough. Made of Plastic The question remains: Why does purposeful practice work? To answer this, I went to a surprising source: taxi drivers. Saul was a London cabbie. He drove one of those famous black taxis with hunchbacked roofs (this was pre-Uber). He spent his days driving the streets of London, taking customers to their desired destinations. Some destinations were requested over and over, such as the airport, while others were places he’d never been before, such as an obscure neighborhood where a customer’s mother lived. As a result, Saul, like most London cab drivers, developed a keen ability to navigate.

Then, on top of that structure, they can add novelty while maintaining the necessary familiarity. The Franklin method isn’t just a historic occurrence, or artifact. It’s still a critical part of understanding and mastering the creative process in a digital world. A Modern Application Andrew Ross Sorkin is a media renaissance man. He created the uber-popular DealBook blog for The New York Times, is an anchor on CNBC’s Squawk Box, wrote the bestselling book Too Big to Fail, and cocreated the Showtime hit drama Billions. As with Benjamin Franklin, for Sorkin it all started with imitation. Sorkin and I connected over Skype. He was in his Manhattan apartment, barricaded in his bedroom while his children sporadically knocked at the door.


pages: 420 words: 100,811

We Are Data: Algorithms and the Making of Our Digital Selves by John Cheney-Lippold

algorithmic bias, bioinformatics, business logic, Cass Sunstein, centre right, computer vision, critical race theory, dark matter, data science, digital capitalism, drone strike, Edward Snowden, Evgeny Morozov, Filter Bubble, Google Chrome, Google Earth, Hans Moravec, Ian Bogost, informal economy, iterative process, James Bridle, Jaron Lanier, Julian Assange, Kevin Kelly, late capitalism, Laura Poitras, lifelogging, Lyft, machine readable, machine translation, Mark Zuckerberg, Marshall McLuhan, mass incarceration, Mercator projection, meta-analysis, Nick Bostrom, Norbert Wiener, offshore financial centre, pattern recognition, price discrimination, RAND corporation, Ray Kurzweil, Richard Thaler, ride hailing / ride sharing, Rosa Parks, Silicon Valley, Silicon Valley startup, Skype, Snapchat, software studies, statistical model, Steven Levy, technological singularity, technoutopianism, the scientific method, Thomas Bayes, Toyota Production System, Turing machine, uber lyft, web application, WikiLeaks, Zimmermann PGP

A machine-learned model of ‘woman’ from 2008 is archaic, most definitely out of fashion, and most likely passé. ‘She’ has no idea what Snapchat or Tinder is. ‘She’ might not know there was a global financial collapse around the corner. ‘She’ has never heard of the Arab Spring and wouldn’t know what an Uber or Lyft “ride-sharing” car was, even if it drove back in time and hit ‘her’ on the street. The measurable-type models that Quantcast developed in 2008 need to account for the dynamism of life itself. New sites, new words, new interactions, and new types of performance, when datafied, maintain these recursively updated versions of ‘gender’ (as well as ‘ethnicity,’ ‘class,’ ‘age,’ and even ‘education’).

, 117, 119 LetsMove.gov, 140 Levy, Steven, 228 Lianos, Michalis, 197 liberalism, 113, 194–95, 224, 236, 297n26; individual, 104, 162, 199, 253; privacy, 22, 209–15, 218–19, 221–22, 225, 231, 233, 237. See also capitalism; neoliberalism Linguistic Inquiry Word Count (LIWC), 48–53, 49, 56, 89, 277n40 Live.com, 108 Livingston, Ira, 191 Lorde, Audre, 86 Lowe, Lisa, 188 Lyft, 133 Lyon, David, 31, 132 machine learning, 46, 47, 67–72, 70, 79–80, 109, 133 Mackenzie, Adrian, 181 MacKinnon, Catharine, 208 magic circle of play, 103, 284n17 Magnet, Soshana, 278n60 Manovich, Lev, 12, 73, 90 marimba, 46, 67–68 MARINA, 289n12. See also National Security Agency (NSA): data collection programs marketing, xiii, 22, 34, 53, 99, 108, 132, 134, 143, 172, 229–30, 265, 299n61; algorithmic identities, 5, 7–8, 10, 73–76, 91, 166, 182, 279n75; companies, 19–20, 66, 74, 109, 111, 123, 222.

See National Security Agency (NSA) transcoding, 10, 12, 18–19, 33–34, 47, 53–55, 71, 78, 97, 104, 107, 115, 159, 172, 180, 252 Tribe, Laurence, 224 Truth, Sojourner, 166 Tufekci, Zeynep, 146 Turing, Alan, 64; Turing Machine, 185 Turner, Graeme, xi Turrow, Joseph, xii, 73 Twitter, 31, 47, 58, 80–81, 82–83, 87, 107, 246, 282n124. See also “Cuban Twitter” Uber, 133 United Nations, 176 United States v. Microsoft, 20 University of California, Berkeley, 137 U.S. Agency for International Development (USAID), 130–31, 262 U.S. Army, 295n103 U.S. Census, 8, 53–54, 59, 135, 163 U.S. Congress, 20, 55; Senate Judiciary Committee, 167 U.S. Constitution, 104, 160, 209–12, 224; Fifth Amendment, 210; First Amendment, 206, 210; Fourth Amendment, 210, 212; Ninth Amendment, 210; Third Amendment, 210 U.S.


pages: 579 words: 183,063

Tribe of Mentors: Short Life Advice From the Best in the World by Timothy Ferriss

"World Economic Forum" Davos, 23andMe, A Pattern Language, agricultural Revolution, Airbnb, Albert Einstein, Alvin Toffler, Bayesian statistics, bitcoin, Black Lives Matter, Black Swan, blockchain, Brownian motion, Buckminster Fuller, Clayton Christensen, cloud computing, cognitive dissonance, Colonization of Mars, corporate social responsibility, cryptocurrency, David Heinemeier Hansson, decentralized internet, dematerialisation, do well by doing good, do what you love, don't be evil, double helix, driverless car, effective altruism, Elon Musk, Ethereum, ethereum blockchain, family office, fear of failure, Gary Taubes, Geoffrey West, Santa Fe Institute, global macro, Google Hangouts, Gödel, Escher, Bach, haute couture, helicopter parent, high net worth, In Cold Blood by Truman Capote, income inequality, index fund, information security, Jeff Bezos, job satisfaction, Johann Wolfgang von Goethe, Kevin Kelly, Lao Tzu, Larry Ellison, Law of Accelerating Returns, Lyft, Mahatma Gandhi, Marc Andreessen, Marc Benioff, Marshall McLuhan, Max Levchin, Mikhail Gorbachev, minimum viable product, move fast and break things, Mr. Money Mustache, Naomi Klein, Neal Stephenson, Nick Bostrom, non-fiction novel, Peter Thiel, power law, profit motive, public intellectual, Ralph Waldo Emerson, Ray Kurzweil, Salesforce, Saturday Night Live, Sheryl Sandberg, side project, Silicon Valley, Skype, smart cities, smart contracts, Snapchat, Snow Crash, Steve Jobs, Steve Jurvetson, Steven Pinker, Stewart Brand, sunk-cost fallacy, TaskRabbit, tech billionaire, TED Talk, Tesla Model S, too big to fail, Turing machine, uber lyft, Vitalik Buterin, W. E. B. Du Bois, web application, Whole Earth Catalog, Y Combinator

She has been called “the most powerful woman in startups” by Forbes and is a lecturer in entrepreneurship at Stanford. The child of a rocket scientist at NASA, Ann is a Palo Alto native and has been steeped in technology startups since she was a teenager. Prior to co-founding Floodgate, she worked at Charles River Ventures and McKinsey and Company. Some of Ann’s investments include Lyft, Ayasdi, Xamarin, Refinery29, Chloe and Isabel, Maker Media, Wanelo, TaskRabbit, and Modcloth. How has a failure, or apparent failure, set you up for later success? Do you have a “favorite failure” of yours? As a 12-year-old, I stood on a stage next to my brother, who confidently pointed to me and announced, “This is Ann Miura.

., 123, 222 Lewis, Sarah Elizabeth, 336–39 Loehr, Jim, 526–31, 562–64, 566, 567 Lonfrote Deep Molded Sleep Mask, 146 Long Now Foundation, 246, 332 Lorentzon, Martin, 286 Los Angeles Dodgers, 280 Los Angeles Football Club (LAFC), 280 Louboutin, Christian, 75 Louis Vitton, 78 Love Army, 257, 260 Lyft, 200 Lynch, David, 379–81 M Machiavelli, Niccoló, 210 Machowicz, Richard, 15, 16 Mackenzie, Brian, 338 MacNaughton, Wendy, 151–52, 397 Madredeus, 12 Maharishi Mahesh Yogi, 381 Maker Media, 200 Malcolm X, 520 Mamet, David, 92, 93 Mandalay Entertainment Group, 280 Manduka PRO yoga mat, 236 Maples, Mike, Jr., 64–68 Marcus Aurelius, 69, 335, 486 Mastery, 249, 441 Maté, Gabor, 340–44 Maynard, Kyle, 14–17 McGonigal, Kelly, 439 McGraw, Tim, 464–67 McHale, Joel, 131–34 McMahon, Stephanie, 509–12 McMahon, Vince, 512 Meditation bodily awareness in, 559, 560 breathing techniques in, 89, 559–60 guided, 545 to handle overwhelm/lack of focus, 99, 214, 271, 524 to improve your life, 106, 177, 237, 430 investing in, 322, 338, 450 as investing in yourself, 212–13 mindfulness, 402 from nature, 126 reframing, 189 Samatha, 271 for stress relief, 529 Transcendental, 80, 241, 242, 322, 380, 381, 489 Vipassana, 271, 558–60 Medium, 401 Medley Global Advisors, 56 Mental exercise, 296–97 Merzenich, Michael, 297 Meyer, Danny, 371–72 Michaels, Lorne, 177 Microsoft, 446 Milk, 101 Miller, BJ, 356 Millman, Debbie, 24–30 Mindfulness, 101, 213, 237, 270, 402, 569 Miura-Ko, Ann, 199–202 Modcloth, 200 Moore’s Law, 294–95 Moskovitz, Dustin, 82–84 Mother Dirt, 72 Motive, 64 Mr.

There’s a proverb that will become increasingly important: “If you want to go fast, go alone, but if you want to go far, you must go together.” That could very well emerge as the mantra of the Third Wave. And the third piece of bad advice is that it’s best to ignore regulations and just plow ahead. Sure, Uber was successful in ignoring local laws. Rather than waiting for approvals that may have never come, they raced forward and built up a very successful and very valuable two-sided rider/driver marketplace. Hats off to them. But that worked for Uber because the laws were set locally, not nationally. That won’t be the case for most innovations in sectors like health care; if you launch a drug or medical device without getting approval, you’ll be stopped in your tracks.


pages: 300 words: 76,638

The War on Normal People: The Truth About America's Disappearing Jobs and Why Universal Basic Income Is Our Future by Andrew Yang

3D printing, Airbnb, assortative mating, augmented reality, autonomous vehicles, basic income, Bear Stearns, behavioural economics, Ben Horowitz, Bernie Sanders, call centre, corporate governance, cryptocurrency, data science, David Brooks, DeepMind, Donald Trump, Elon Musk, falling living standards, financial deregulation, financial engineering, full employment, future of work, global reserve currency, income inequality, Internet of things, invisible hand, Jeff Bezos, job automation, John Maynard Keynes: technological unemployment, Khan Academy, labor-force participation, longitudinal study, low skilled workers, Lyft, manufacturing employment, Mark Zuckerberg, megacity, meritocracy, Narrative Science, new economy, passive income, performance metric, post-work, quantitative easing, reserve currency, Richard Florida, ride hailing / ride sharing, risk tolerance, robo advisor, Ronald Reagan, Rutger Bregman, Sam Altman, San Francisco homelessness, self-driving car, shareholder value, Silicon Valley, Simon Kuznets, single-payer health, Stephen Hawking, Steve Ballmer, supercomputer in your pocket, tech worker, technoutopianism, telemarketer, The future is already here, The Wealth of Nations by Adam Smith, traumatic brain injury, Tyler Cowen, Tyler Cowen: Great Stagnation, Uber and Lyft, uber lyft, unemployed young men, universal basic income, urban renewal, warehouse robotics, white flight, winner-take-all economy, Y Combinator

Other autonomous vehicle companies report similar timelines, with 2020 being the first year of mass adoption. And it’s not just those driving trucks who are at risk. A senior official at one of the major ride-sharing companies told me that their internal projections are that half of their rides will be given by autonomous vehicles by 2022. This has the potential to affect about 300,000 Uber and Lyft drivers in the United States. The replacement of drivers will be one of the most dramatic, visible battlegrounds between automation and the human worker. Companies can eliminate the jobs of call center workers, retail clerks, fast food workers, and the like with minimal violence and fuss. Truck drivers will be different.

So having a PhD is not normal, but neither is being a junior high dropout. When I was traveling in New Orleans last year, I had a conversation with my Uber driver that stuck with me. Laurie was a pleasant woman in her late forties who looked like a typical suburban mom. When she found out that I worked in entrepreneurship she exclaimed, “That’s great—I’m an entrepreneur, too!” She had started a kitchen remodeling business a few years earlier. As we talked, it emerged that her business had dried up and that she was driving an Uber to make ends meet. She had two sons, one of whom had special needs, and she teared up talking about trying to find the right school for him.

In the United States we want to believe that the market will resolve most situations. In this case, the market will not solve the problem—quite the opposite. The market is driven to reduce costs. It will look to find the cheapest way to perform tasks. The market doesn’t want to provide for unemployed truck drivers or cashiers. Uber is going to get rid of its drivers as soon as it can. Its job isn’t to hire lots of people—its job is to move customers around as efficiently as possible. The market will continue to throw millions of people out of the labor force as automation and technology improve. In order for society to continue to function and thrive when tens of millions of Americans don’t have jobs, we will need to rethink the relationship between work and being able to pay for basic needs.


pages: 600 words: 72,502

When More Is Not Better: Overcoming America's Obsession With Economic Efficiency by Roger L. Martin

activist fund / activist shareholder / activist investor, Affordable Care Act / Obamacare, autism spectrum disorder, banking crisis, Black Monday: stock market crash in 1987, butterfly effect, call centre, cloud computing, complexity theory, coronavirus, COVID-19, David Ricardo: comparative advantage, do what you love, Edward Lorenz: Chaos theory, financial engineering, Frederick Winslow Taylor, Glass-Steagall Act, High speed trading, income inequality, industrial cluster, inflation targeting, Internet of things, invisible hand, Lean Startup, low interest rates, Lyft, Mark Zuckerberg, means of production, Network effects, new economy, obamacare, open economy, Phillips curve, Pluto: dwarf planet, power law, Renaissance Technologies, Richard Florida, Ronald Reagan, scientific management, shareholder value, Silicon Valley, Snapchat, Spread Networks laid a new fibre optics cable between New York and Chicago, Tax Reform Act of 1986, The future is already here, the map is not the territory, The Wealth of Nations by Adam Smith, Tobin tax, Toyota Production System, transaction costs, trickle-down economics, two-sided market, uber lyft, very high income, Vilfredo Pareto, zero-sum game

They can take Uber sometimes, Lyft others, and taxis still others. They can get some of their news through their Facebook feed and still subscribe to their local newspaper. They can use Facebook for some things but rather than use Facebook subsidiary Instagram for their photo sharing, use Insta gram rival Snapchat. They can buy some things from Amazon Prime and others from their local retailer. The natural tendency is the opposite—and that is why we are seeing so many distributions tending toward Pareto. The effect (using Uber or Facebook or Amazon) becomes the cause of more of the effect (using Uber or Facebook or Amazon even more).

“Jo Ann Robinson: A Heroine of the Montgomery Bus Boycott,” National Museum of African American History & Culture, https://nmaahc.si.edu/blog-post/jo-ann-robinson-heroine-montgomery-bus-boycott, accessed July 2019. 6. See www.buycott.com, accessed April 2019. 7. Ray Fisman and Tim Sullivan, “Don’t Let Uber and Amazon Take Over the World,” USA Today, December 16, 2016, https://www.usatoday.com/story/tech/columnist/2016/12/26/how--save--world-uber-and-amazon/95757208/. 8. Charles Tilly, “Social Movements as Historically Specific Clusters of Politi cal Performances,” Berkeley Journal of Sociology 38 (1993–1994): 1. 9. Brian Clark Howard, “SeaWorld to End Controversial Orca Shows and Breeding,” National Geographic, March 17, 2016; Nestlé press release, “Nestlé Verifies Three-Quarters of Its Supply Chain as Deforestation-Free,” April 30, 2019. 10.

See educators teaching See also educators certainty, 170–173, 181, 185 integrative approach to, 174 reductionism, 173–178 technology, 65, 66, 88–89 tenure-based voting rights, 157–159 theorizing, 178–179 Third Congressional District of Maryland, 202, 203 third-party candidates, 201–202 3G Capital, 123–124, 126, 187 tightly coupled systems, 106–107 Tilly, Charles, 192, 194 time-and-motion studies, 42 time horizons, 155–159 Tobin, James, 92 Tobin tax, 92, 103 Tocqueville, Alexis de, 198–199 Ton, Zeynep, 124–126 total quality management, 43 Toyota Production System, 43 Toys “R” Us, 97–98, 99, 101 trade free, 41–42, 56, 63, 66, 150–152 productive friction in, 150–152 trade barriers, 150 trade policy, 56, 150, 151 Trader Joe’s, 125 trade wars, 41 trading technology, 88–91 training, 125 transaction costs, 106 trickle-down economics, 161 Troubled Asset Relief Program (TARP), 138, 144 two-sided markets, 152–153 Uber, 192 unemployment, 24 United States, metaphor for, 26 University of Chicago, 24 US Census Bureau, 4 US Constitution, 40 US economy achieving balance in, 97–114 efficiency in, 63 as efficient machine, 21–44, 94, 100, 210 gaming the system and, 84–94 growth of, 33–38 imbalances in, 1–17 models of, 22–25 as natural system, 77–94 of 1970s, 5–12, 24 proxies in, 45–57 sectors, 22 user-experience (UX) design, 180 value creation, 130 Verizon, 53–54 voter registration, 205–206, 207 voters, 201–206 Voters Not Politicians, 204 wage growth, 9, 10, 68 wages, 67–70, 125, 150 Wagner School, 180 Wallace, George, 201 Wallenstein Feed & Supply (WFS), 133–134 Washington Mutual, 137 Waste Management Inc.


pages: 329 words: 100,162

Hype: How Scammers, Grifters, and Con Artists Are Taking Over the Internet―and Why We're Following by Gabrielle Bluestone

Adam Neumann (WeWork), Airbnb, Bellingcat, Bernie Madoff, Bernie Sanders, Big Tech, bitcoin, Black Lives Matter, Burning Man, cashless society, coronavirus, COVID-19, Donald Trump, driverless car, Elon Musk, fake it until you make it, financial thriller, forensic accounting, gig economy, global pandemic, growth hacking, high net worth, hockey-stick growth, hype cycle, Hyperloop, Kevin Roose, lock screen, lockdown, Lyft, Mark Zuckerberg, Masayoshi Son, Mason jar, Menlo Park, Multics, Naomi Klein, Netflix Prize, NetJets, Peter Thiel, placebo effect, post-truth, RFID, ride hailing / ride sharing, Russell Brand, Sand Hill Road, self-driving car, Silicon Valley, Snapchat, social distancing, SoftBank, Steve Jobs, tech billionaire, tech bro, TikTok, Tim Cook: Apple, Travis Kalanick, Uber and Lyft, uber lyft, unpaid internship, upwardly mobile, Vision Fund, WeWork

If officials resisted, the company would mobilize a campaign among their local riders to “save Uber.” The laws they couldn’t skirt, they’d lobby to change. And they’re still doing it: in 2020, Uber and Lyft spent a combined $200 million to pass Prop 22, which exempts them from California’s unconscionable expectations that state employers provide their workers with outrageous benefits like health care and basic labor protections.48 “There is a pattern to Uber’s conflicts with cities,” Claypool noted at the time. “Uber usually wins these battles against rules and regulations the company opposes, but when it loses, it keeps fighting. When cities pass laws that Uber opposes, the company commonly seeks to have them preempted with Uber-approved state law or repealed through voter referenda.”

I had visions of building a network of restauranteurs all executing this strategy in tandem, all drinking from the SoftBank teat before the money ran dry, but went back to work doing content strategy stuff.” Roy made another interesting point, which is that food delivery companies like DoorDash, Uber Eats, and Grubhub are all sort of scams themselves. “Uber Eats lost $461 million in Q4 2019 off of revenue of $734 million. Sometimes I need to write this out to remind myself. Uber Eats spent $1.2 billion to make $734 million. In one quarter,” Roy wrote. Incredibly, that is currently Uber’s most profitable division, and they seem prepared to double down on it by purchasing Postmates. But these apps aren’t just unprofitable for their own investors—they’re also eating up the restaurants’ profits too, not that those margins were ever that good to begin with.

In 2020, it took YouTuber Eric Decker (aka airrack) less than a week to start his own Uber Eats business—ten minutes to set up an account using a rap-name generator and then another seven days to wait for the official Uber Eats tablet to arrive in the mail. Using a stock pizza menu he found online, populated with pizza descriptions from Olive Garden, Sweet Pablo’s was officially in business. For the experiment, Decker bought up a stack of $6 Publix pizzas and a box of Bagel Bites and then dropped about $150 on Uber Eats ads to start bringing in the orders. Other than that, he didn’t do much else to disguise the prank, other than crossing out the brand name on the pizza boxes with a Sharpie.


pages: 334 words: 104,382

Brotopia: Breaking Up the Boys' Club of Silicon Valley by Emily Chang

"Margaret Hamilton" Apollo, "Susan Fowler" uber, "World Economic Forum" Davos, 23andMe, 4chan, Ada Lovelace, affirmative action, Airbnb, Alan Greenspan, Andy Rubin, Apollo 11, Apple II, augmented reality, autism spectrum disorder, autonomous vehicles, barriers to entry, Benchmark Capital, Bernie Sanders, Big Tech, Burning Man, California gold rush, Chuck Templeton: OpenTable:, clean tech, company town, data science, David Brooks, deal flow, Donald Trump, Dr. Strangelove, driverless car, Elon Musk, emotional labour, equal pay for equal work, fail fast, Fairchild Semiconductor, fake news, Ferguson, Missouri, game design, gender pay gap, Google Glasses, Google X / Alphabet X, Grace Hopper, Hacker News, high net worth, Hyperloop, imposter syndrome, Jeff Bezos, job satisfaction, Khan Academy, Lyft, Marc Andreessen, Mark Zuckerberg, Mary Meeker, Maui Hawaii, Max Levchin, Menlo Park, meritocracy, meta-analysis, microservices, Parker Conrad, paypal mafia, Peter Thiel, post-work, pull request, reality distortion field, Richard Hendricks, ride hailing / ride sharing, rolodex, Salesforce, Saturday Night Live, shareholder value, Sheryl Sandberg, side project, Silicon Valley, Silicon Valley startup, Skype, Snapchat, Steve Jobs, Steve Jurvetson, Steve Wozniak, Steven Levy, subscription business, Susan Wojcicki, tech billionaire, tech bro, tech worker, TED Talk, Tim Cook: Apple, Travis Kalanick, uber lyft, women in the workforce, Zenefits

But the vast majority of venture capital in 2016 went into fintech (meaning financial tech, such as apps that disrupt banking and retirement planning), security, genetics, augmented and virtual reality, and artificial intelligence, in addition to an outsize amount in transportation (dominated by funding of Uber, Lyft, and other ride-hailing services). These numbers indicate a big mismatch between ideas that attract mostly male VCs and ideas that attract female entrepreneurs. Is this a true gender gap? Maybe, but not necessarily. There is evidence to suggest that women choose lower-cost-of-entry, lower-growth sectors simply because they have fewer resources available to them.

sexually assaulting his passenger: Eric Newcomer, “Uber Workplace Probe Extends to Handling of India Rape Case,” Bloomberg, June 7, 2017, https://www.bloomberg.com/news/articles/2017-06-07/uber-workplace-probe-extends-to-handling-of-india-rape-case. An Uber employee who oversaw operations: Kara Swisher and Johana Bhuiyan, “How Being ‘Coin-Operated’ at Uber Led to a Top Exec Obtaining the Medical Records of a Rape Victim in India,” Recode, June 11, 2017., https://www.recode.net/2017/6/11/15758818/uber-travis-kalanick-eric-alexander-india-rape-medical-records. Uber finally revealed the results: Mike Isaac, “Uber Fires 20 Amid Investigation into Workplace Culture,” New York Times, June 6, 2017, https://www.nytimes.com/2017/06/06/technology/uber-fired.html. Uber’s board adopted: “Uber Report: Eric Holder’s Recommendations for Change,” New York Times, June 13, 2017, https://www.nytimes.com/2017/06/13/technology/uber-report-eric-holders-recommendations-for-change.html.

“abhorrent and against everything”: Eric Newcomer, “Uber Investigating Sexual Discrimination Claims by Ex-engineer,” Bloomberg, Feb. 20, 2017, https://www.bloomberg.com/news/articles/2017-02-20/uber-investigating-sexual-discrimination-claims-by-ex-engineer. video was leaked: Newcomer, “In Video, Uber CEO Argues with Driver over Falling Fares.” the company would stop hiring “brilliant jerks”: Mike Isaac, “Inside Uber’s Aggressive, Unrestrained Workplace Culture,” New York Times, Feb. 22, 2017, https://www.nytimes.com/2017/02/22/technology/uber-workplace-culture.html. “What has driven Uber”: Mike Isaac, “Uber Releases Diversity Report and Repudiates Its ‘Hard-Charging Attitude,’” New York Times, March 28, 2017, https://www.nytimes.com/2017/03/28/technology/uber-scandal-diversity-report.html.


pages: 344 words: 96,020

Hacking Growth: How Today's Fastest-Growing Companies Drive Breakout Success by Sean Ellis, Morgan Brown

Airbnb, Amazon Web Services, barriers to entry, behavioural economics, Ben Horowitz, bounce rate, business intelligence, business process, content marketing, correlation does not imply causation, crowdsourcing, dark pattern, data science, DevOps, disruptive innovation, Elon Musk, game design, gamification, Google Glasses, growth hacking, Internet of things, inventory management, iterative process, Jeff Bezos, Khan Academy, Kickstarter, Lean Startup, Lyft, Mark Zuckerberg, market design, minimum viable product, multi-armed bandit, Network effects, Paul Graham, Peter Thiel, Ponzi scheme, recommendation engine, ride hailing / ride sharing, Salesforce, Sheryl Sandberg, side project, Silicon Valley, Silicon Valley startup, Skype, Snapchat, software as a service, Steve Jobs, Steve Jurvetson, subscription business, TED Talk, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, working poor, Y Combinator, young professional

Or a business in a “winner take all” situation, where it’s likely that one firm will become overwhelmingly dominant (as is often true for network effect businesses such as LinkedIn or WhatsApp), spending a great deal up front to make a land grab and try to lock in dominance may be a brilliant strategy. Or, if a company is running neck and neck with a strong competitor, as is the case with car-service providers Uber and Lyft, there may be no choice but to spend heavily on acquisition efforts. That’s assuming, of course, that the company has the cash on hand to sustain that up-front spending and a solid plan to recoup it down the line. The amount a company should spend on customer acquisition is not a matter of any preordained formula; it’s a function of many variables specific to each company’s business model, competitive situation, and stage of growth.

Amir Efrati, “The People Who Matter at Uber,” The Information (blog), August 30, 2016, theinformation.com/the-people-who-matter-at-uber. 15. General Electric 2013 Annual Report, 6. 16. Michael Porter and James E. Heppelmann, “How Smart, Connected Products Are Transforming Competition,” Harvard Business Review, October 2015. 17. Fred Lambert, “Tesla Is Building a New Growth Team ‘From Scratch’ Ahead of the Model 3 Launch, Hires from Facebook and Uber,” Electrek (blog), May 9, 2016, electrek.co/2016/05/09/tesla-growth-team-model-3-launch-hires-facebook-uber/. 18. http://original.livestream.com/f8industry/video?

For eBay, the aha moment was finding and winning one-of-a-kind items at auction from people all over the world. For Facebook, it was instantly seeing photos and updates from friends and family and sharing what you were up to. For Dropbox, it was the concept of easy file sharing and unlimited file storage. Or take Uber’s aha moment, which Uber cofounder and CEO Travis Kalanick explained as, “You push a button and a black car comes up. Who’s the baller? It was a baller move to get a black car to arrive in 8 minutes.”11 An aha experience is a necessary ingredient of sustainable growth because it is one that is simply too remarkable not to value, to return to often, and to share.


pages: 302 words: 95,965

How to Be the Startup Hero: A Guide and Textbook for Entrepreneurs and Aspiring Entrepreneurs by Tim Draper

3D printing, Airbnb, Apple's 1984 Super Bowl advert, augmented reality, autonomous vehicles, basic income, Berlin Wall, bitcoin, blockchain, Buckminster Fuller, business climate, carried interest, connected car, CRISPR, crowdsourcing, cryptocurrency, deal flow, Deng Xiaoping, discounted cash flows, disintermediation, Donald Trump, Elon Musk, Ethereum, ethereum blockchain, fake news, family office, fiat currency, frictionless, frictionless market, growth hacking, high net worth, hiring and firing, initial coin offering, Jeff Bezos, Kickstarter, Larry Ellison, low earth orbit, Lyft, Mahatma Gandhi, Marc Benioff, Mark Zuckerberg, Menlo Park, Metcalfe's law, Metcalfe’s law, Michael Milken, Mikhail Gorbachev, Minecraft, Moneyball by Michael Lewis explains big data, Nelson Mandela, Network effects, peer-to-peer, Peter Thiel, pez dispenser, Ralph Waldo Emerson, risk tolerance, Robert Metcalfe, Ronald Reagan, Rosa Parks, Salesforce, Sand Hill Road, school choice, school vouchers, self-driving car, sharing economy, Sheryl Sandberg, short selling, Silicon Valley, Skype, smart contracts, Snapchat, sovereign wealth fund, stealth mode startup, stem cell, Steve Jobs, Steve Jurvetson, Tesla Model S, Twitter Arab Spring, Uber for X, uber lyft, universal basic income, women in the workforce, Y Combinator, zero-sum game

He finally got what he wanted, a music player that had one button with a touch ring around the button, and the iPod was made. Now, when you design your product or service, you can think, “no buttons.” There is so much information about people available now that products can anticipate needs of their customers. Uber is a one button experience, but I can imagine a time when Uber is hooked into my calendar and, knowing that I have to be at Hero City at 3 pm, an Uber arrives at 2:20 pm to pick me up from Buck’s Restaurant in Woodside to make what it calculates is a 40-minute drive. Figure out how your business can anticipate the needs of your customer. No buttons. How you will market it – how do you get your customers to become your greatest sales force.

To keep it manageable, we kept class size to a total of 30 so the 10 students could easily be focused on. The students included a wide mix of exceptional talent including former Miss USA Erin Brady and her then husband Tony Capasso, Instagram star Ana Marte, social entrepreneur Sharon Winter, and medical marijuana delivery king David Kram. Lectures were given by the founders of Lyft, SolarCity, Airbnb, and several other household names. Among the speakers were Michelle Kwan, Jane Buckingham, and the Valley Girl herself, Jesse Draper. The students came up with a wide range of interesting companies to pitch. I agreed to invest in the top three in hopes that the show would help them get off the ground.

Because of the downsides to going public, most bright entrepreneurs decide to avoid the public markets and keep their companies private, and as a result, employees, investors and founders have completely illiquid shares. Airbnb and Uber, at this writing, have created hundreds of paper millionaires who can’t sell their shares, even though there are plenty of willing buyers. You could have a billion dollars’ worth of Uber stock today and not be able to buy a cup of coffee with it. These regulations built around trying to protect people from losing their investment money have stymied the wealth in America and around the world.


Becoming Bulletproof: Protect Yourself, Read People, Influence Situations, and Live Fearlessly by Evy Poumpouras

British Empire, Chuck Templeton: OpenTable:, cognitive load, cuban missile crisis, fear of failure, Lyft, Ronald Reagan, uber lyft, Y2K

Social media: Everyone loves to let everyone else know they’re on vacation. But if you’re posting “wish you were here” photos in real time, you’re also letting everyone know you’re away. Although it’s fun to gloat, don’t do it at the expense of inviting unwanted guests. Post your vacation pictures after you have returned home. 4. Taxi/Uber/Lyft pickup: Although having a car service pick you up at home is super convenient, it’s also an easy way to let everyone know—including your driver—that you’re leaving, especially with several suitcases in tow. When hailing a car for a ride to the airport, consider using a pickup location not directly in front of your home, like a few doors down or on the corner.

See influence Pew Research Center, 27 physical abilities/activity and being bulletproof, 17–19 and bulletproofing the mind, 275 detecting deception and, 203 disrupters and, 76 instincts and, 101 and mental resilience, 76 and polygraphs, 132–34 protection and, 77–89 and Secret Service mindset, 77–89 shift agents and, 92 See also conflict/confrontation; fights/fighting physical appearance: and reading people, 181–83 pickups, taxi/Uber/Lyft, 122 Pinsky, Drew, 71 place as disrupter, 75–76 and hard and soft targets, 83 plan/planning foundational protection, 80–89 and making your own plan, 98–99 shift agents and, 98–99 for what-ifs, 15 Plato, 23, 47, 103, 127, 229, 237 playing the long game, 61–64 Plutarch, 265 poker face, 183–84 police departments: as safe houses, 81–82 police interrogation rooms, 255–56 polygraphs asking questions after, 230 and discovering guilt, 199 and F3 response, 132–34 failure of, 141 and Golden Boy, 127–29 and how they work, 132–34 nonverbal behavior and, 199 and physical changes, 132–34 and playing the long game, 61–62 Poumpouras and, 129–32, 134–36, 139–42, 163–65, 230 and reading people, 16, 127–34, 139–42, 199 training to use, 129–32 validity of, 131 post-9/11 world, 14–15 Postal Service, U.S., 121 posture, 161–62, 184, 242, 256, 275 Poumpouras, Evy “Genie” ego of, 244 and gender issues, 286 “grace” and, 289 and growing up in fear, 34–36 image/impression of, 182 mistakes of, 260–61 and oath of Secret Service, 278 O’Neill fighting with, 113, 114 personal life of, 79 remembering name of, 219 Secret Service Valor Award for, 11, 296 and shopping book proposal, 231–32 on TV, 182 at William Esper Studios, 189 See also specific person or topic Poumpouras, Ioannis (father) Chios visit of, 293–95 death of, 295–96, 297 and Evy’s career ambitions, 36, 37 Evy’s relationship with, 36, 37, 293–96 and fear of living in New York City, 34–36 Poumpouras, Parthena (mother) and burglary in Poumpouras home, 28–29, 31, 32 and Evy’s career ambitions, 36–37 F3 response of, 29, 31, 32, 36–37 and fear of living in New York City, 34–36 speech patterns of, 192 Poumpouras, Theodoros “Teddy” (brother), 28, 35, 295 power, and voice, 193 powerful vs. powerless, mental resilience and, 72–74, 75 PPD.


pages: 504 words: 129,087

The Ones We've Been Waiting For: How a New Generation of Leaders Will Transform America by Charlotte Alter

"Hurricane Katrina" Superdome, "World Economic Forum" Davos, 4chan, affirmative action, Affordable Care Act / Obamacare, basic income, Berlin Wall, Bernie Sanders, Big Tech, Black Lives Matter, carbon footprint, carbon tax, clean water, collective bargaining, Columbine, corporate personhood, correlation does not imply causation, Credit Default Swap, crowdsourcing, data science, David Brooks, deepfake, deplatforming, disinformation, Donald Trump, double helix, East Village, ending welfare as we know it, fake news, Fall of the Berlin Wall, feminist movement, Ferguson, Missouri, financial deregulation, Francis Fukuyama: the end of history, gentrification, gig economy, glass ceiling, Glass-Steagall Act, Google Hangouts, green new deal, Greta Thunberg, housing crisis, illegal immigration, immigration reform, income inequality, Intergovernmental Panel on Climate Change (IPCC), job-hopping, Kevin Kelly, knowledge economy, Lyft, mandatory minimum, Marc Andreessen, Mark Zuckerberg, mass incarceration, McMansion, medical bankruptcy, microaggression, move fast and break things, Nate Silver, obamacare, Occupy movement, opioid epidemic / opioid crisis, passive income, pre–internet, race to the bottom, RAND corporation, Ronald Reagan, sexual politics, Sheryl Sandberg, side hustle, Silicon Valley, single-payer health, Snapchat, Social Justice Warrior, Steve Bannon, TaskRabbit, tech bro, too big to fail, Uber and Lyft, uber lyft, universal basic income, unpaid internship, We are the 99%, white picket fence, working poor, Works Progress Administration

When big purchases such as homes and cars were out of the question, many millennials figured they might as well spend their money on things like specialty cronuts and fancy coffees. They tended to prefer experiences over possessions. And a generation steeped in social networks became increasingly comfortable renting things instead of owning them: millennials rented rides (with Uber and Lyft), rented clothes (through Rent The Runway), and rented labor (through TaskRabbit). They also began to look to the gig economy for side hustles to supplement their meager incomes. By 2018, more than 40 percent of eighteen- to thirty-four-year-olds worked as freelancers. For almost half of the largest generation of workers, the traditional work structure that had defined twentieth-century professional life just wasn’t available anymore.

., 276 Lazerson, Marvin, 46 Lean In (Sandberg), 153–54 Lehman Brothers, 93 Lepore, Jill, 219 Lesser, Eric, xxi, 104, 132, 141–42, 153–57 elected to Massachusetts State Senate, 111, 141 Obama’s 2004 Democratic National Convention speech and, 81 on Obama’s leadership style, 112 as special assistant to David Axelrod, 105–9 as staffer for Obama’s first presidential campaign, 83–84, 86, 87, 88, 89, 90 trans-state railroad championed by, 141–42 “Let Detroit Go Bankrupt” (Romney), 104 leveraged buyouts, 28–29 Levin, Ezra, 124–25 Indivisible resistance and, 180, 204–5 2012 presidential election and, 170–71, 172–73, 176, 178–80 Lieberman, Joe, 107 Lincoln, Abraham, xiii Litman, Amanda, 209–12 Logan, Eric, 144–45, 286 Londrigan, Betsy Dirksen, 241 Look Who’s Talking (film), 33 Love, Mia, 155–56, 158, 264 Lovett, Jon, 111 Lucas, Quinton, 135 Lumumba, Chokwe Antar, 223 Luria, Elaine, 270 Lyft, 99 Mackler, Camille, 202 McBath, Lucy, 268 McCain, John, xiii, 90, 147, 206–7 McCain, Meghan, 260 McCarthy, Kevin, 155 McCaskill, Claire, 87 McChrystal, Stanley, 71 McConnell, Mitch, xv, 51, 147, 277 McDonald, Laquan, 121 Mckesson, DeRay, 171, 172 Mad, 285 Make the Road New York, 202 Malcolm X, 29–30 Mallory, Tamika, 199–200 Mannheim, Karl, xiv March for Our Lives, 247 March for Science, 204 Marcinko, Richard, 14 marijuana issue, 160 Marjory Stoneman Douglas High School shooting, 293 Markey, Ed, 281 Martin, Trayvon, 118 mass shootings Columbine High School shooting, 27 Marjory Stoneman Douglas High School shooting, 293 Parkland, Florida, shooting, 41, 247 Sandy Hook Elementary School shooting, 147 Virginia Tech shooting, 53 Mast, Brian, 158 Me Generation.

But high unemployment also made young people more likely to go to graduate school, thinking that an extra degree would give them a competitive edge in a job market that was already saturated with overeducated, underemployed workers. In the absence of a “real job,” going to graduate school seemed better than driving for Uber or working at Starbucks. So unemployment led to more education, which led to more debt but not necessarily more employment—a perverse cycle that ultimately meant that young workers were paying to train themselves for jobs they would not have. As bad as this was, it was worse for the roughly 55 percent of millennials who didn’t have a postsecondary degree.


Coastal California Travel Guide by Lonely Planet

1960s counterculture, Airbnb, airport security, Albert Einstein, anti-communist, Apollo 11, Apple II, Asilomar, back-to-the-land, Bay Area Rapid Transit, bike sharing, Burning Man, buy and hold, California gold rush, call centre, car-free, carbon footprint, company town, Day of the Dead, Donner party, East Village, El Camino Real, Electric Kool-Aid Acid Test, flex fuel, Frank Gehry, gentrification, glass ceiling, Golden Gate Park, Haight Ashbury, haute couture, haute cuisine, income inequality, intermodal, Joan Didion, Kickstarter, Loma Prieta earthquake, low cost airline, Lyft, machine readable, Mason jar, military-industrial complex, New Journalism, Northpointe / Correctional Offender Management Profiling for Alternative Sanctions, off-the-grid, Peoples Temple, ride hailing / ride sharing, Ronald Reagan, Rosa Parks, Saturday Night Live, Silicon Valley, Silicon Valley startup, South of Market, San Francisco, starchitect, stealth mode startup, stem cell, Steve Jobs, Steve Wozniak, Stewart Brand, trade route, transcontinental railway, uber lyft, Upton Sinclair, upwardly mobile, urban sprawl, Wall-E, white picket fence, Whole Earth Catalog, women in the workforce, working poor, Works Progress Administration, young professional, Zipcar

On Saturdays and Sundays up to two children (age 12 and under) may ride for free with one fare-paying adult (age 18 or older) on all MTS routes. Taxi & Rideshare Taxi fares vary, but plan on about $12 for a 3-mile journey. Established companies include Orange Cab (%619-223-5555; www.orangecabsandiego.net) and Yellow Cab (%619-444-4444; www.driveu.com). Recently app-based ride-share companies such as Uber (www.uber.com) and Lyft (www.lyft.com) have entered the market with lower fares. Trolley Municipal trolleys, not to be confused with Old Town Trolley tourist buses, operate on three main lines in San Diego. From the transit center across from the Santa Fe Depot, Blue Line trolleys go south to San Ysidro (on the Mexico border) and north to Old Town Transit Center ( GOOGLE MAP ; www.amtrak.com; 4009 Taylor St).

Outside is the Digital Mural Project, where, in place of the usual cigarette advertisements, a billboard features slogans like 'Abolish borders!' in English, Arabic and Spanish. BEFORE YOU GO AMake reservations at top San Francisco restaurants – some accept early/late walk-ins, but not all do. AReserve Alcatraz tickets two to four weeks ahead, especially for popular night tours. ADownload SF-invented apps for ride sharing (Lyft, Uber), home sharing (Airbnb), restaurant booking (Yelp) and audio walking tours (Detour) – all widely used here. 2Activities Cycling & Skating Basically Free Bike RentalsCYCLING ( MAP GOOGLE MAP ; %415-741-1196; www.sportsbasement.com/annex; 1196 Columbus Ave; half-/full-day bike rentals adult from $24/32, child $15/20; h9am-7pm Mon-Fri, 8am-7pm Sat & Sun; c; gF, 30, 47, jPowell-Mason, Powell-Hyde) This quality bike-rental shop cleverly gives you the choice of paying for your rental or taking the cost as credit for purchases (valid for 72 hours) at sporting-goods store Sports Basement ( GOOGLE MAP ; %415-437-0100; www.sportsbasement.com; 610 Old Mason St; h9am-9pm Mon-Fri, 8am-8pm Sat & Sun; g30, 43, PresidiGo Shuttle), in the Presidio en route to the Golden Gate Bridge.

For public-transit information, dial 511, or look online at www.transit.511.org. Downtown Napa is about an 80-minute drive from San Francisco. 8Getting Around Pedicabs park outside downtown restaurants – especially at the foot of Main St, near the Napa Valley Welcome Center – in summer. Car-sharing service Uber (www.uber.com) operates in Napa, but plans to hire an Uber can go awry in some areas due to spotty cell reception. Napa Valley South 1Top Sights 1Frog's LeapB1 2Robert Sinskey VineyardsB3 3Tres SaboresA1 1Sights 4DarioushB5 5Elizabeth SpencerA1 6Ma(i)sonryB6 7Mumm NapaB1 8Napa Valley MuseumA3 9RegusciB4 10Robert MondaviA2 11Twenty RowsA6 12Yountville ParkA3 2Activities, Courses & Tours 13Balloons Above the ValleyA7 14Napa Valley BalloonsA5 15Napa Valley Bike ToursB7 4Sleeping 16Auberge du SoleilB1 17Cottages of Napa ValleyA5 18Milliken Creek InnA6 19Napa Winery InnA5 20Petit LogisB7 21Poetry InnB3 22Rancho CaymusA1 23River Terrace InnA7 5Eating Ad HocA3 24AddendumA3 25Bistro Don GiovanniA5 26Bistro JeantyB7 27BouchonB7 28Bouchon BakeryB7 29Buttercream Bakery & DinerA6 CiccioB6 30French LaundryB6 31Mustards GrillA3 32OttimoB7 33Redd WoodB6 Rutherford GrillA1 34Soda Canyon StoreB5 Tacos GarciaB6 6Drinking & Nightlife 35Pancha'sB6 36Tannery Bend BeerworksA7 3Entertainment 37Lincoln TheaterA3 7Shopping Finesse, the StoreB7 38Napa Premium OutletsA6 Yountville This onetime stagecoach stop, 9 miles north of Napa, is now a fine-food destination playing to the haute bourgeoisie, with more Michelin stars per capita than any other American town.


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AIQ: How People and Machines Are Smarter Together by Nick Polson, James Scott

Abraham Wald, Air France Flight 447, Albert Einstein, algorithmic bias, Amazon Web Services, Atul Gawande, autonomous vehicles, availability heuristic, basic income, Bayesian statistics, Big Tech, Black Lives Matter, Bletchley Park, business cycle, Cepheid variable, Checklist Manifesto, cloud computing, combinatorial explosion, computer age, computer vision, Daniel Kahneman / Amos Tversky, data science, deep learning, DeepMind, Donald Trump, Douglas Hofstadter, Edward Charles Pickering, Elon Musk, epigenetics, fake news, Flash crash, Grace Hopper, Gödel, Escher, Bach, Hans Moravec, Harvard Computers: women astronomers, Higgs boson, index fund, information security, Isaac Newton, John von Neumann, late fees, low earth orbit, Lyft, machine translation, Magellanic Cloud, mass incarceration, Moneyball by Michael Lewis explains big data, Moravec's paradox, more computing power than Apollo, natural language processing, Netflix Prize, North Sea oil, Northpointe / Correctional Offender Management Profiling for Alternative Sanctions, p-value, pattern recognition, Pierre-Simon Laplace, ransomware, recommendation engine, Ronald Reagan, Salesforce, self-driving car, sentiment analysis, side project, Silicon Valley, Skype, smart cities, speech recognition, statistical model, survivorship bias, systems thinking, the scientific method, Thomas Bayes, Uber for X, uber lyft, universal basic income, Watson beat the top human players on Jeopardy!, young professional

Imagine one team of researchers spending six months cleaning a data set with tens of millions of data points, all to ask one specific question—say, how to predict the progression of kidney disease—and to publish two academic papers. There is no clear way for others to benefit from that data set; nor is there any system to facilitate similar interactions at a large scale. Imagine if you had to write your own GPS mapping software every time you wanted to hail a ride on Uber or Lyft. You’d probably just take a taxi. And the hospitals themselves, again with some exceptions, don’t seem to be rushing to hire their own in-house data-science teams. The result is a sad misallocation of talent. The best data scientists of our generation could have been working on health care for years now.

Thuy Ong, “Dubai Starts Testing Crewless Two-Person ‘Flying Taxis,’” The Verge, September 26, 2017, https://www.theverge.com/2017/9/26/16365614/dubai-testing-uncrewed-two-person-flying-taxis-volocopter; Tom Simonite, “Mining 24 Hours a Day with Robots,” MIT Technology Review, December 2016, https://www.technologyreview.com/s/603170/mining-24-hours-a-day-with-robots/; “Asia’s First Automated Container Terminal, at Port of Qingdao, China,” live report on New China TV, May 11, 2017, https://www.youtube.com/watch?v=bn2GPNJmR7A.   5.  Peter Henderson, “U.S. Judge Deals Setback to Waymo Damage Claim in Uber Lawsuit,” Reuters, November 3, 2017, https://www.reuters.com/article/us-alphabet-uber-lawsuit/u-s-judge-deals-setback-to-waymo-damage-claim-in-uber-lawsuit-idUSKBN1D32J0.   6.  William Beecher, “Vast Search Fails to Find Submarine,” New York Times, May 29, 1968, A1.   7.  “The President’s News Conference of May 28, 1968,” in Public Papers of the Presidents of the United States: Lyndon B.

Or the autonomous shipping terminal at the Port of Qingdao, in China—six enormous berths spanning two kilometers of coastline, 5.2 million shipping containers a year, hundreds of robot trucks and cranes, and nobody at the wheel.4 One of the most common questions we hear from students in our data-science classes is “How do these robots work?” We’d love to answer that question in all its glory. Alas, we can’t. For one thing, there are so many details that it would take a much longer book, one with lots and lots of equations. Besides, a lot of the details are proprietary. You may have heard, for instance, that Waymo has sued Uber for $1.86 billion over the alleged theft of some of those details—a suit whose outcome, at the time of writing, was unknown.5 Details aside, though, let’s think about the big picture. Here’s an analogy. You can certainly learn the basics of how a plane stays in the air, even if you don’t know how to build a Boeing 787.


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The Economic Singularity: Artificial Intelligence and the Death of Capitalism by Calum Chace

"World Economic Forum" Davos, 3D printing, additive manufacturing, agricultural Revolution, AI winter, Airbnb, AlphaGo, Alvin Toffler, Amazon Robotics, Andy Rubin, artificial general intelligence, augmented reality, autonomous vehicles, banking crisis, basic income, Baxter: Rethink Robotics, Berlin Wall, Bernie Sanders, bitcoin, blockchain, Boston Dynamics, bread and circuses, call centre, Chris Urmson, congestion charging, credit crunch, David Ricardo: comparative advantage, deep learning, DeepMind, Demis Hassabis, digital divide, Douglas Engelbart, Dr. Strangelove, driverless car, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, Fairchild Semiconductor, Flynn Effect, full employment, future of work, Future Shock, gender pay gap, Geoffrey Hinton, gig economy, Google Glasses, Google X / Alphabet X, Hans Moravec, Herman Kahn, hype cycle, ImageNet competition, income inequality, industrial robot, Internet of things, invention of the telephone, invisible hand, James Watt: steam engine, Jaron Lanier, Jeff Bezos, job automation, John Markoff, John Maynard Keynes: technological unemployment, John von Neumann, Kevin Kelly, Kiva Systems, knowledge worker, lifelogging, lump of labour, Lyft, machine translation, Marc Andreessen, Mark Zuckerberg, Martin Wolf, McJob, means of production, Milgram experiment, Narrative Science, natural language processing, Neil Armstrong, new economy, Nick Bostrom, Occupy movement, Oculus Rift, OpenAI, PageRank, pattern recognition, post scarcity, post-industrial society, post-work, precariat, prediction markets, QWERTY keyboard, railway mania, RAND corporation, Ray Kurzweil, RFID, Rodney Brooks, Sam Altman, Satoshi Nakamoto, Second Machine Age, self-driving car, sharing economy, Silicon Valley, Skype, SoftBank, software is eating the world, speech recognition, Stephen Hawking, Steve Jobs, TaskRabbit, technological singularity, TED Talk, The future is already here, The Future of Employment, Thomas Malthus, transaction costs, Two Sigma, Tyler Cowen, Tyler Cowen: Great Stagnation, Uber for X, uber lyft, universal basic income, Vernor Vinge, warehouse automation, warehouse robotics, working-age population, Y Combinator, young professional

Many freelancers find they have simply traded an unreasonable boss for unreasonable clients, and feel unable to turn down any work for fear that it will be the last commission they ever get. Many freelancers find that in hindsight, the reassurance of a steady income goes a long way to compensate for the 9 to 5 routine of the salaried employee. Whether or not the new forms of freelancing opened up by Uber, Lyft, TaskRabbit, Handy and so on are precarious is a matter of debate, especially in their birthplace, San Francisco. Are the people hired out by these organisations “micro-entrepreneurs” or “instaserfs” - members of a new “precariat”, forced to compete against each other on price for low-end work with no benefits?

Most of the large car companies seem convinced that self-driving technology will be introduced gradually over many years, with adaptive cruise control and assisted parking bedding in during the lifetime of one model, and assisted overtaking being introduced gradually with the next model, and so on. That is far too slow for the tech titans of Silicon Valley. Google, Tesla, Uber and others are racing towards full automation as soon as it can be safely introduced. If Detroit does not join in it may find itself displaced. In the closing months of 2015, Detroit and its rivals seemed to wake up. Toyota announced a five-year, $1bn investment in Silicon Valley,[cci] Ford announced a JV with Google,[ccii] and BMW's head of R&D declared that in five years, his division had to transition from a department of a mechanical engineering company to a department of a tech company.

This is an important insight and suggests that jobs will be sliced and diced, with some tasks being automated, and other tasks being retained by the human who previously did the whole job. Some would argue that this process is already under way. Parts of the economies of developed countries are being fragmented, or Balkanised, with more and more people working freelance, carrying out individual tasks which are allocated to them by platforms and apps like Uber and TaskRabbit. There are many words for this phenomenon: the gig economy, the networked economy, the sharing economy, the on-demand economy, the peer-to-peer economy, the platform economy, and the bottom-up economy. Is this a way to escape the automation of jobs by machine intelligence? To break jobs down into as many component tasks as possible, and preserve for humans those tasks which they can do better than machines?


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Mastering Blockchain: Unlocking the Power of Cryptocurrencies and Smart Contracts by Lorne Lantz, Daniel Cawrey

air gap, altcoin, Amazon Web Services, barriers to entry, bitcoin, blockchain, business logic, business process, call centre, capital controls, cloud computing, corporate governance, creative destruction, cross-border payments, cryptocurrency, currency peg, disinformation, disintermediation, distributed ledger, Dogecoin, Ethereum, ethereum blockchain, fault tolerance, fiat currency, Firefox, global reserve currency, information security, initial coin offering, Internet of things, Kubernetes, litecoin, low interest rates, Lyft, machine readable, margin call, MITM: man-in-the-middle, multilevel marketing, Network effects, offshore financial centre, OSI model, packet switching, peer-to-peer, Ponzi scheme, prediction markets, QR code, ransomware, regulatory arbitrage, rent-seeking, reserve currency, Robinhood: mobile stock trading app, Ross Ulbricht, Satoshi Nakamoto, Silicon Valley, Skype, smart contracts, software as a service, Steve Wozniak, tulip mania, uber lyft, unbanked and underbanked, underbanked, Vitalik Buterin, web application, WebSocket, WikiLeaks

The Libra Association With its billions of users, Facebook has been exploring blockchain implementations for some time. The company’s Libra Association is a consortium of organizations that have come together to implement an entirely new blockchain system called Libra. The following are some of the companies involved, and their roles: Payments: PayU Technology: Facebook, FarFetch, Lyft, Spotify, Uber Telecom: Iliad Blockchain: Anchorage, BisonTrails, Coinbase, Xapo Venture capital: Andreessen Horowitz, Breakthrough Initiatives, Union Square Ventures, Ribbit Capital, Thrive Capital Nonprofits: Creative Destruction Lab, Kiva, Mercy Corps, Women’s World Banking Borrowing from Existing Blockchains The Libra Association intends to create an entirely new payments system on the internet by using a proof-of-stake consensus Byzantine fault-tolerant algorithm developed by VMware, known as HotStuff.

The company reached a deal with regulators to pay $700 million in fines and compensation. eBay suffered an attack in 2014 that exposed the personal information (including passwords) of over 145 million users. Uber’s servers were breached in 2016, after two hackers were able to retrieve password information from GitHub. The hackers then accessed the personal information of 57 million riders and 600,000 drivers. Uber hid the breach for over a year and was ultimately fined $148 million. And these are just technology companies. Well-known hacks at Target, Marriott, Home Depot, and JPMorgan, among others, have taken user data and put it in the hands of those who try to use that information for nefarious purposes.


Alpha Girls: The Women Upstarts Who Took on Silicon Valley's Male Culture and Made the Deals of a Lifetime by Julian Guthrie

"Susan Fowler" uber, "World Economic Forum" Davos, Airbnb, Alan Greenspan, Andy Rubin, Apollo 11, Apple II, barriers to entry, Bear Stearns, Benchmark Capital, blockchain, Bob Noyce, call centre, cloud computing, credit crunch, deal flow, disruptive innovation, Elon Musk, equal pay for equal work, Fairchild Semiconductor, fear of failure, game design, Gary Kildall, glass ceiling, hiring and firing, information security, Jeff Bezos, Larry Ellison, Louis Pasteur, Lyft, Marc Benioff, Mark Zuckerberg, Menlo Park, Mitch Kapor, new economy, PageRank, peer-to-peer, pets.com, phenotype, place-making, private spaceflight, retail therapy, ROLM, Ronald Reagan, Rosa Parks, Salesforce, Sand Hill Road, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Skype, Snapchat, software as a service, South of Market, San Francisco, stealth mode startup, Steve Jobs, Steve Jurvetson, Steve Wozniak, Susan Wojcicki, TaskRabbit, Teledyne, Tim Cook: Apple, Timothy McVeigh, Travis Kalanick, uber lyft, unpaid internship, upwardly mobile, urban decay, UUNET, web application, William Shockley: the traitorous eight, women in the workforce

By this time, the two were dating casually. The negotiations at the downtown office tower started in the late afternoon. Theresia told Matthew that it would probably last a couple of hours. At eight P.M., she texted him to apologize that things were moving slowly and that he should head home if he hadn’t already. She could take Lyft or Uber. “I’ll wait for you,” he insisted. The mediation went on past nine P.M. Then ten P.M. Then eleven P.M. Then midnight. Theresia hadn’t had time to look at her phone. She figured that Matthew was long gone. Emerging from the building exhausted, she stopped in her tracks. There, still waiting in the car, was Matthew.

Female entrepreneurs in Silicon Valley were coming forward to say they had been afraid until now to report the misconduct of certain venture capitalists. Susan Fowler, an engineer at Uber, accused her company of fostering a toxic culture of sexism. Uber CEO Travis Kalanick had quipped to a reporter in an interview years earlier that he should call the company “boober” for all the women he gets “on demand.” New allegations of abuse and bad behavior seemed to make headlines every day. Everyone at the Broadway Angels table knew someone who was accused of misconduct or worse. Shervin Pishevar, the Menlo partner and Uber investor who had moved into Sonja’s old office, was being accused of sexual harassment and assault by a handful of women.

Sonja had spent countless hours under the tutelage of her father, who had been a professor of civil engineering and the director of the Center for Transportation Studies at the University of Virginia. Sonja told Carolan and Pishevar, “Point-to-point public transport is the holy grail of public transportation. Uber enables point-to-point public transport using existing resources and creating jobs.” She was relentless this time in sharing her views of the importance of the company. Menlo succeeded in landing a deal with Uber and led the Series B investment with $26 million of the $39 million round. (Other Series B investors included Jeff Bezos and Goldman Sachs.) Around the same time, Sonja helped engineer the sale of one of her earlier investments, Q1 Labs, to IBM.


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The Evolution of Everything: How New Ideas Emerge by Matt Ridley

"World Economic Forum" Davos, adjacent possible, affirmative action, Affordable Care Act / Obamacare, Albert Einstein, Alfred Russel Wallace, AltaVista, altcoin, An Inconvenient Truth, anthropic principle, anti-communist, bank run, banking crisis, barriers to entry, bitcoin, blockchain, Boeing 747, Boris Johnson, British Empire, Broken windows theory, carbon tax, Columbian Exchange, computer age, Corn Laws, cosmological constant, cotton gin, creative destruction, Credit Default Swap, crony capitalism, crowdsourcing, cryptocurrency, David Ricardo: comparative advantage, demographic transition, Deng Xiaoping, discovery of DNA, Donald Davies, double helix, Downton Abbey, driverless car, Eben Moglen, Edward Glaeser, Edward Lorenz: Chaos theory, Edward Snowden, endogenous growth, epigenetics, Ethereum, ethereum blockchain, facts on the ground, fail fast, falling living standards, Ferguson, Missouri, financial deregulation, financial innovation, flying shuttle, Frederick Winslow Taylor, Geoffrey West, Santa Fe Institute, George Gilder, George Santayana, Glass-Steagall Act, Great Leap Forward, Greenspan put, Gregor Mendel, Gunnar Myrdal, Henri Poincaré, Higgs boson, hydraulic fracturing, imperial preference, income per capita, indoor plumbing, information security, interchangeable parts, Intergovernmental Panel on Climate Change (IPCC), invisible hand, Isaac Newton, Jane Jacobs, Japanese asset price bubble, Jeff Bezos, joint-stock company, Joseph Schumpeter, Kenneth Arrow, Kevin Kelly, Khan Academy, knowledge economy, land reform, Lao Tzu, long peace, low interest rates, Lyft, M-Pesa, Mahatma Gandhi, Mark Zuckerberg, means of production, meta-analysis, military-industrial complex, mobile money, Money creation, money: store of value / unit of account / medium of exchange, Mont Pelerin Society, moral hazard, Necker cube, obamacare, out of africa, packet switching, peer-to-peer, phenotype, Pierre-Simon Laplace, precautionary principle, price mechanism, profit motive, RAND corporation, random walk, Ray Kurzweil, rent-seeking, reserve currency, Richard Feynman, rising living standards, road to serfdom, Robert Solow, Ronald Coase, Ronald Reagan, Satoshi Nakamoto, scientific management, Second Machine Age, sharing economy, smart contracts, South Sea Bubble, Steve Jobs, Steven Pinker, Stuart Kauffman, tacit knowledge, TED Talk, The Wealth of Nations by Adam Smith, Thorstein Veblen, transaction costs, twin studies, uber lyft, women in the workforce

Given the right institutions – a market in which to sell your product, the rule of law to prevent theft, a decent system of finance and taxation to incentivise you, some intellectual property protection, but not too much – you can set out to make an innovation and reap the rewards from it, despite sharing it with the world, in the same way you can set out to build a machine. That is roughly what the various firms around the world that are, as of this writing, offering mobile taxi-hiring services (Uber, Lyft, Hailo and so on) are doing – investing in innovation itself. But apart from some vague hand-waving about institutions, economists still have very little to offer in the way of prescriptions for innovation, except to say they know it will happen in open, free societies connected to the rest of the world by trade so that ideas can meet and mate.

Morgan 290 Judaism 258, 259, 260, 261, 263 Justinian, Emperor 34, 262 Kagan, Jerome 161 Kahn, Bob 301 Kalikuppam (nr Pondicherry, India) 185–6 Kammerer, Paul 56 Kant, Immanuel 8 Kauffman, Stuart 125 Kay, John 92 Kealey, Terence 134, 137, 138 Kedzie, Christopher 300 Kelly, Kevin 122, 125, 129, 131; What Technology Wants 120, 126 Kennedy, Gavin 25 Kennedy, John F. 206 Kenya 170, 181, 296 Keynes, John Maynard 105 Kim Il-sung 252 Kirwan, Richard 17 Kitzmiller, Tammy 49; Kitzmiller vs Dover Area School District (2005) 49–50 Klein, Richard 83 Knight, Thomas 121 Koestler, Arthur 56 Koran 8, 260–1, 261, 262 Kosslyn, Stephen 185 Kroeber, Alfred 120 Krugman, Paul 292, 293 Kryder’s Law 124 Kublai Khan 87 Kurzweil, Ray 124 Lagos 182–3 Lamarck, Jean-Baptise de 55–7 Lamb, Marion 56, 57 Lamont, Norman 295 Lane, Nick 61, 62 Lao Tzu 31, 241 Laplace, Pierre-Simon 17–18, 41 Latin America 229, 233 Laughlin, Harry 200, 202–3 Law, John 285–6 Lawson, Nigel 273, 275 leadership: China’s reform 217–19; and economic development 228–33; evolution of management 2258; giving credit to 215–16; Great Man theory 216–17, 218,222–5, 228; Hong Kong example 233–4; mosquitoes win wars 219–22 Lee, Sir Tim Berners 301 Leeds 91 Leibniz, Gottfried 12, 14, 15, 120, 276 Lenin, V.I. 217, 250 Lessing, Doris 188 Levellers 242–3 Libet, Benjamin 146 Library of Mendel 48 life: critics of Darwin 49–52; culture-driven genetic evolution 57–8; designed 39–42; development of the eye 44–6; Lamarckian view 557; natural selection 38–9, 42–8; organised complexity 44–5 Lilburne, John 242 The Limits to Growth (Club of Rome) 211, 212 Lincoln, Abraham 4 Lindsey, Brink 248, 318 Lisbon earthquake (1755) 14 Little Ice Age 276 Live Well Collaborative 130 Lloyd George, David 116 Locke, John 12, 20, 39, 41, 53, 67, 143,243, 247 Lockheed 130 Lodygin, Alexander 119 London 91, 92, 94, 121 Looksmart (search engine) 120 Lorentz, Hendrik 121 Lorenz, Edward 18 Lost City Hydrothermal Field 61 Louis XIV 101, 142 Lovelock, James 20 Lucretia, rape of 87 Lucretian heresy 10–12 Lucretius (Titus Lucretius Carus) 7, 8–10, 12, 14, 16, 21, 52, 244, 268; De Rerum Natura (Of the Nature of Things) 8–12, 13, 15–16, 21, 37, 59, 76, 96, 118, 140, 155, 174, 193, 215, 235, 256, 277 Luther, Martin 8, 216 Lycos 120 Lyft 109 Lysenko, Trofim 157 M-Pesa 296 Macbook Air laptop 319 McCloskey, Deirdre 96–7, 104, 108, 217n, 229, 248; The Bourgeois Virtues 32 Mackintosh, James 38 McNamara, Robert 206, 208 McNeill, J.R. 220–2 Mackey, John 227 Maccoby, Eleanor 161 Machiavelli, Niccolò 15 Madras 186 Mafia 238, 239, 240 Malawi 232–3 Malthus, Robert 38, 104, 193, 194–7, 203, 204–5, 208, 213–14, 246; Essay on Population 120, 194 Manchester 91 Mandela, Nelson 217 Manhattan 91 ‘Mankind at the Turning Point’ (Club of Rome) 211 Mann, Charles, 1493 220 Mann, Horace 176, 189 Mansfield, Edwin 133 Mao Zedong 210, 217, 219, 252 Marconi, Guglielmo 124 Marcus Aurelius 9 Margarot, Maurice 244 Marinetti, Filippo 198 Marshall, Alfred 106 Martin, William 61 Martineau, Harriet 38, 244–5; Illustrations of Political Economy 244 Marx, Karl 8, 106, 165, 216n, 248, 252, 269–70 Marxism 104, 267, 302 Maude, Francis 255 Maupertuis, Pierre-Louis 14–15 Maurice, Prince of Saxe 88 Mauritius 125 Max Planck Institute, Leipzig 146–7 May, Tim 306 Mayans 259 Mead, Carver 123 Mecca 260, 261, 261402 Medawar, Sir Peter 211 Medicaid 114 Medicare 114 Men in Black (film, 1997) 141 Mencken, H.L. 189 Mendel, Gregor 121–2, 199 Menger, Carl 106 Mexico 87, 170, 238 Micklethwait, John 247 Middle Ages 88 Mill, John Stuart 104, 105, 187, 246, 247, 249 Miller, George A. 159 Miller, Kenneth 51 Milton, John 15 mind: background 140–2; and the brain 143–7; and free will 142–3, 147–54; responsibility in a world of determinism 150–4; and self 140–1 mind-body dualism 141 Minerva Academy, San Francisco 184–5 Ming Chinese 130 Mises, Ludwig von 112 Mississippi Company 286 MIT (Massachusetts Institute of Technology) 184, 301 Mitchell Energy 136 Mitchell, George 136 Mitra, Sugata 176–7, 185–7 Moglen, Eben 303 Mohamed 8, 216, 257, 260–3, 266 Molière (Jean-Baptiste Poquelin) 15 money: crypto-currencies 296, 308–9, 310–12; emergence of 277–80; fiat money 297; financial crisis 287–94; financial stability without central banks 284–6; main functions 296; mobile money 294–8; and nationalisation of system 283–4; Scottish experiment 280–2; sub-prime market 289–94 Mongols 101 Monism 197–8 Montaigne, Michel de 15 Montana 92 Montesquieu, Charles-Louis de Secondat, Baron de La Brède et de 20, 31, 142, 216; The Spirit of the Laws 16 Montessori schools 188 Montford, Andrew 188 Monty Python’s Life of Brian (film, 1979)42, 265 Moore, Gordon 123 Moore’s Law 123–5 Morality: effect of commerce on 30–3; emergence of 26–7, 28; evolution of 28–30; impartial spectator 24–5, 30; nature-via-nurture explanation 23–4; spontaneous phenomenon 21–2, 25 More, Thomas, Utopia 15 Mormonism 263 Morning Star Tomatoes 225–8 Morris, Ian, War: What is it Good For?

(with Paul Paddock) 207 Page, Larry 188 Pagel, Mark 80, 81–2 Pakistan 32, 206 Paley, William 38–9, 41–2, 51 Panama 286 Paris 102, 121, 254 Park, Walter 139 Parris, Matthew 303 Parys Mine Company, Anglesey 278 Pascal, Blaise 273 Paul, Senator Rand 241 Paul, Ron 114, 285, 292, 295 Paul, St (Saul of Tarsus) 8, 258, 264 Pauling, Linus 121 Pax Romana 239 Peace High School, Hyderabad (India) 181 Peel, Robert 246, 283–4 Peer-to-Peer Foundation 308 Peninsular War 280 People’s Printing Press 288 personality: and the blank slate 156–7, 158–9; and genes 159, 160–2; and homicide 169–71; innateness of behaviour 157–8; intelligence from within 165–7; non-genetic differences 162–5; and parenting 159–60, 161–2; and sexual attraction 172–3; and sexuality 167–9 Peterloo massacre (1819) 245 Pfister, Christian 276 Philippe, duc d’Orléans 286 Philippines 190 Philips, Emo 140 Philostratus 258 Phoenicia 101 Pinker, Steven 28, 30, 31–3, 172–3; The Better Angels of Our Nature 28–9 Pinnacle Technologies 136 Pitt-Rivers, Augustus 127 Pixar 124 Planned Parenthood Foundation 204 Plath, Robert 126 Plato 7, 11 Plomin, Robert 165, 167 Poincaré, Henri 18, 121 Polanyi, Karl 133 Polanyi, Michael 253 politics 314–16 Poor Law (1834) 195 Pope, Alexander 15 Popper, Karl 253; ‘Conjectures and Refutations’ 269 Population: American eugenics 200–3; control and sterilisation 205–8; and eugenics 197–9; impact of Green Revolution 208–10; Irish application of Malthusian doctrines 195–7; Malthusian theory 193, 194–5; and one-child policy 210–14; post-war eugenics 203–5 Population Crisis Committee 206 Portugal, Portuguese 134 Pottinger, Sir Harry 233 ‘Primer for Development’ (UN, 1951) 232 Prince, Thomas 242 Pritchett, Lant 179–80; The Rebirth of Education 176 Procter & Gamble 130 Proudhon, Pierre-Joseph 194–5 Prussia 176 Psychological Review 159 Putin, Vladimir 305 ‘The Puzzle of Monogamous Marriage’ (Henrich, Boyd & Richerson) 89 Pythagoras 85 Pythagorism 259 Qian XingZhong 213 Quesnay, François 98 Raines, Franklin 292 Ramsay, John 25 RAND Corporation 206, 300 Ravenholt, Reimert 206 Ray Smith, Alvy 124 Reagan, Ronald 254, 290 Red Sea 82 Reed, Leonard 43 Reformation 216, 220 religion: and climate change/global warming 271–6; and cult of cereology (crop circles) 264–6; existence of God 14–15; heretics and heresies 141–2; as human impulse 256–8; predictability of gods 259–60; and the prophet 260–3; temptations of superstition 266–8; variety of beliefs 257–8; vital delusions 268–71 Renaissance 220 Ricardo, David 104–5, 106, 246 Richardson, Samuel 88 Richerson, Pete 78, 89 Ridley, Matt, The Rational Optimist: How Prosperity Evolves 110–11, 126–7 Rio de Janeiro 92 Roberts, Russ 4 Robinson, James 97–8 Rockefeller Foundation 229, 230–1 Rodriguez, Joã 47–8 Rodrik, Dani 228 Rome 257, 259, 260 Romer, Paul 109 Roosevelt, Franklin Delano 251 Roosevelt, Theodore 197 Rothbard, Murray 243 Rousseau, Jean-Jacques 165, 216 Rowling, J.K. 122 Royal Bank 281 Royal Mint 278, 279 Royal Navy 297 Royal United Services Institution 198 Rudin, Ernst 202 Rufer, Chris 226 Runciman, Garry, Very Different, But Much the Same 94 Rusk, Dean 206–7 Russell, Lord John 195 Russia 119, 204, 227–8, 250, 303 Russian Revolution 318 Sadow, Bernard 126 Safaricom 296 St Louis (ship) 202–3 St Maaz School, Hyderabad (India) 181 Salk Institute, California 67 San Marco, Venice 53 Sandia National Laboratory 136 Sanger, Margaret 201, 204 Santa Fe Institute 93, 126 Santayana, George 10 Sapienza, Carmen 67 Satoshi Nakamoto 307–8, 309–10, 312 Schiller, Friedrich 248 Schmidt, Albrecht 222 Schumpeter, Joseph 106, 128, 251; Capitalism, Socialism and Democracy 106–7; Theory of Economic Development 106 science: as driver of innovation 133–7; as private good 137–9; pseudo-science 269 Science (journal) 70 Scientology 263 Scopes, John 49 Scotland 17, 280–2, 286 Scott, Sir Peter 211 Scott, Sir Walter (‘Malachi Malagrowther’) 283 Second International Congress of Eugenics 200 Second World War 105, 138, 203, 231, 252, 254, 318 Self-Management Institute 226 Selgin, George 297; Good Money 279, 280 Shade, John 188 Shakespeare, William 15, 131, 216, 224 Shanker, Albert 180 Shaw, George Bernard 197 Shaw, Marilyn 155–6 Shelley, Mary, Frankenstein 16 Shelley, Percy 16 Shockley, William 119 Shogun Japanese 130 Sierra Club 204 Silk Road 311–12 Silvester, David 274 Simon, Julian 209 Singapore 190 Sistine Chapel, Rome 256 Skarbek, David, The Social Order of the Underworld 237–8 Skinner, B.F. 156, 267–8 Skirving, William 244 skyhooks 7, 13, 14, 18, 65, 67, 71, 150, 267 Slumdog Millionaire (film, 2008) 185 Smith, Adam 3, 20, 21, 22–7, 28, 33, 110, 112, 117, 234, 243, 244, 246, 249; The Theory of Moral Sentiments 23–4, 27, 28, 37–8, 98; The Wealth of Nations 24, 38, 98–100, 103–4, 137 Smith, John Maynard 53 Smith, Joseph 263, 264, 266 Smithism 110 Snowden, Edward 303 SOLE (self-organised learning environment) 186 Solow, Robert 108, 137 Somalia 32 Song, Chinese dynasty 101 Song Jian 210–11, 212–13 South America 247 South Korea 125, 190, 229 South Sea Bubble (1720) 285, 294 South Sudan 32 Soviet-Harvard illusion 3 Soviet Union 114, 122 Spain 101, 247 Sparkes, Matthew 313 Sparta 101 Spencer, Herbert 216–17, 249, 253 Spenser, Edmund 15 Spinoza, Baruch 20, 141–2, 148, 268; Ethics 142; l’Esprit des lois 142–3 Sputnik 138 Stalin, Joseph 250, 252, 253 Stalling, A.E. 10 Stanford University 184, 185 Stealth bomber 130 Steiner, George, Nostalgia for the Absolute 266 Steiner, Rudolf 271 Steinsberger, Nick 136 Stephenson, George 119 Stewart, Dugald 38, 244 Stiglitz, Joseph 292 Stockman, David 288, 289–90; The Great Deformation 294 stoicism 259 Stop Online Piracy Act (US, 2011) 304 Strawson, Galen 140 Stuart, Charles Edward ‘The Young Pretender’ 282 Stuart, James Edward ‘The Old Pretender’ 281 Sudan 32 Summers, Larry 110 Sunnis 262 Suomi, Stephen 161 Sveikauskas, Leo 139 Swan, Joseph 119 Sweden 101, 284 Switzerland 32, 190, 247, 254 Sybaris 93 Syria 32 Szabo, Nick 307, 310; ‘Shelling Out: The Origins of Money’ 307 Tabarrok, Alex 132; Launching the Innovation Renaissance 132 Taiwan 190 Tajikistan 305 Taleb, Nassim 3, 92, 107, 135, 285, 312 Tamerlane the Great 87 Taoism 259, 260 Taylor, Winslow 250 Taylorism 250, 251 Tea Act (UK, 1773) 282n Tea Party 246 technology: biological similarities 126–31; boat analogy 128; computers 123–5, 126; copying 132–3; electric light 1–2; and fracking 136; inexorable progress 122–6, 130–1; innovation as emergent phenomenon 139; and the internet 299–316; light bulbs 118–19, 120; many-to-many 300; mass-communication 200; open innovation 130; patents/copyright laws 131–2; and printing 220; and science 133–9; simultaneous discovery 120–2; skunk works 130; software 131 TED (Technology, Entertainment, Design) lecture 177 Thatcher, Margaret 217 Third International Congress of Eugenics 201–2, 204 Third World 231–2 Thrun, Sebastian 185 Time (magazine) 241 The Times 308 Togo 94 Tokyo 92 Tolstoy, Leo 217 Tooby, John 43 Tooley, James 181–4 Toy Story (film, 1995) 124 Trevelyan, Charles 195 Tuchman, Barbara, A Distant Mirror 29 Tucker, William 90; Marriage and Civilization 89 Tullock, Gordon 35 Turner, Ted 213 Twister (messaging system) 313 Twitter 310, 313 U-2 reconnaissance plane 130 Uber 109 UK Meteorological Office 275 UN Codex Alimentarius 254 UN Family Planning Agency 213 UN Framework Convention on Climate Change 254–5 UN General Assembly 305 UNESCO 205 Union Bank of Scotland 281 United Nations 131, 213, 232, 305 United States 34, 122, 125, 138, 139, 176, 200–2, 232, 235–8, 245, 247, 250, 254, 284–5, 286, 302 United States Supreme Court 50 universe: anthropic principle 18–20; designed and planned 7–10; deterministic view 17–18; Lucretian heresy 10–12; Newton’s nudge 12–13; swerve 14–15 University of Czernowitz 106 University of Houston 71 University of Pennsylvania 133 UNIX 302 Urbain Le Verrier 120–1 US Bureau of Land Management 240 US Department of Education 240 US Department of Homeland Security 240, 241 US Federal Reserve 285, 286, 288, 293, 297, 309 US Financial Crisis Inquiry Commission 294 US Internal Revenue Service (IRS) 240 US National Oceanographic and Atmospheric Administration 240 US Office of Management and Budget 290 Utah 89 Uzbekistan 305 Vancouver 92 Vanuatu 81 Vardanes, King 258 Veblen, Thorstein 249 Verdi, Giuseppe: Aida 248; Rigoletto 248 Veronica (search engine) 120 Versailles Treaty (1919) 318 Victoria, Queen 89 Virgil (Publius Vergilius Maro) 10, 23 vitalism 270–1 Vodafone 296 Vogt, William 205, 209; Road to Survival 204 Voltaire, François-Marie Arouet 14, 15, 20, 22, 25, 41, 143, 243, 268; Candide 15 Volvo 101 Wagner, Andreas 47 Wall Street Journal 125, 132 Wallace, Alfred Russell 20, 54–5, 196 Wallison, Peter 294 Walras, Léon 106 Waltham, David, Lucky Planet 19 Walwyn, Thomas 242 Wang Mang, Emperor 267 Wang Zhen 212 Wannsee conference 198 Wapinski, Norm 136 Washington, George 220, 222, 240 Washington Post 241 Watson, James 121, 145 Webb, Beatrice 197 Webb, Richard 5, 319 Webb, Sidney 197 Webcrawler 120 Wedgwood family 38 Wedgwood, Josiah 199 Weismann, August 55 Wells, H.G. 197, 251 West, Edwin 178; Education and the State 177 West, Geoffrey 93 West Indies 134, 286 Whitney, Eli 128 Whittle, Frank 119 Whole Foods 227 Wikipedia 188, 304–5 Wilby, Peter 315 Wilhelm II, Kaiser 198, 247 Wilkins, Maurice 121 Wilkinson, John 278–9 Willeys 278–9, 280 Williams, Thomas 278 Williamson, Kevin 33; The End is Near and it’s Going to be Awesome 238–9 Wilson, Catherine 12 Wilson, Margo 171 Wolf, Alison, Does Education Matter?


Bit Rot by Douglas Coupland

3D printing, Airbnb, airport security, bitcoin, Burning Man, delayed gratification, dematerialisation, Edward Snowden, Elon Musk, en.wikipedia.org, Google Glasses, Guggenheim Bilbao, index card, jimmy wales, junk bonds, Lyft, Marshall McLuhan, Maui Hawaii, McJob, Menlo Park, nuclear paranoia, Oklahoma City bombing, Pepto Bismol, pre–internet, Ray Kurzweil, Sand Hill Road, Silicon Valley, Skype, space junk, Stanford marshmallow experiment, tech worker, Ted Kaczynski, TED Talk, The Future of Employment, uber lyft, young professional

So of course taxi owners are angry, and of course they’re going to lash out and try to generate urban legends to frighten people who, the moment they use an Uber, will never use a taxi again if they don’t have to. Uber’s not alone in this sort of engineered fear environment. Remember the Craigslist killer? Gosh—someone didn’t buy an ad in a newspaper, and for their stupidity they paid with their life. In Canada a while ago, the press revelled in the fate of an Edmonton couple who rented out their house on Airbnb and came back only to find it trashed to the tune of C$100,000. Airbnb now has the largest hotel footprint in the world. Uber has image problems, but they’re on the correct historical track. Craigslist, Lyft et al—the shareconomy?

So they fabricated the urban legend of people putting babies down the garburator to galvanize public sentiment on their side. “Oh.” So back to Uber. What I hear from some people now is, “Yes, but you could get raped by an Uber driver! They could be psycho murderers.” “Well, you could get raped by any driver, really. So why are you focusing on Uber?” I think right now the Uber situation is like the Teamsters and garburators. There’s no real argument to not have Uber drivers. They are superior to taxis in all possible ways. The only thing stopping them are all these cab drivers who had to pay extortionate amounts of money for a medallion, and suddenly entering their arena are these new people with superior service who didn’t get hosed buying a medallion (honestly, medallions?

“Look at it now. It’s making good time on Rue Saint-Lazare.” “Oh no—it’s stopped again.” “What is its problem?” Then I had a chill: Uber is the one holding the laser pointer—and I wonder if they’re even aware that they are? For fans of Uber, and there are many, possibly the most underrated asset they have going for them is the red laser-dot experience of staring at the phone’s screen as you watch the car come ever closer. “It’s almost here!” “It’s here!” Bliss. Everything about Uber makes sense. Beyond the onscreen fun of ordering, when the car shows up, it’s clean and new, the drivers are well-dressed and courteous.


pages: 177 words: 38,221

Financing Basic Income: Addressing the Cost Objection by Richard Pereira

banks create money, basic income, behavioural economics, carbon credits, carbon tax, income inequality, job automation, Lyft, new economy, offshore financial centre, Paul Buchheit, quantitative easing, sovereign wealth fund, Tobin tax, transfer pricing, uber lyft, universal basic income, unpaid internship, Wall-E

A Victorian Taxi Industry Inquiry suggested raising the annual fee to $25,000 to recapture the monopoly rent from license holders. The TRRA report adopts this recommendation and calculates potential revenue of $360,050,000 from a total of 14,402 licenses in Australia at $25,000 apiece. This formula may have to be changed as the paradigm of paid passenger travel is being severely challenged by Uber, Lyft and other ride services. The monopoly is being broken, which may significantly lower the value of a taxi license. This may just mean transferring the rental fee to a larger number of private vehicle operators. FISHING LICENSES AND QUOTAS Many valuable fishing licenses and quotas were given out for free but are now sold for large amounts of money.


pages: 363 words: 109,834

The Crux by Richard Rumelt

activist fund / activist shareholder / activist investor, air gap, Airbnb, AltaVista, AOL-Time Warner, Bayesian statistics, behavioural economics, biodiversity loss, Blue Ocean Strategy, Boeing 737 MAX, Boeing 747, Charles Lindbergh, Clayton Christensen, cloud computing, cognitive bias, commoditize, coronavirus, corporate raider, COVID-19, creative destruction, crossover SUV, Crossrail, deep learning, Deng Xiaoping, diversified portfolio, double entry bookkeeping, drop ship, Elon Musk, en.wikipedia.org, financial engineering, Ford Model T, Herman Kahn, income inequality, index card, Internet of things, Jeff Bezos, Just-in-time delivery, Larry Ellison, linear programming, lockdown, low cost airline, low earth orbit, Lyft, Marc Benioff, Mark Zuckerberg, Masayoshi Son, meta-analysis, Myron Scholes, natural language processing, Neil Armstrong, Network effects, packet switching, PageRank, performance metric, precision agriculture, RAND corporation, ride hailing / ride sharing, Salesforce, San Francisco homelessness, search costs, selection bias, self-driving car, shareholder value, sharing economy, Silicon Valley, Skype, Snapchat, social distancing, SoftBank, software as a service, statistical model, Steve Ballmer, Steve Jobs, stochastic process, Teledyne, telemarketer, TSMC, uber lyft, undersea cable, union organizing, vertical integration, WeWork

That is, how well does the platform meet the buyer’s need to easily search for a desired category or item? And how easy is it for a buyer or seller to switch to a different platform? With Uber, search is fast and easy, though one can get caught with fares three times normal if there is a rush. There is some concern about the lack of stickiness on both sides of Uber’s market. A large portion of its drivers also drive for competitors like Lyft, and its ride-hailing phone app is fairly easy to duplicate. Some of those concerns also apply to Airbnb. The craft platform space sees buyers and sellers willing to move to alternative platforms, but it is somewhat costly for a seller to do so.

Over time, as renters began to use the platform, Airbnb no longer had to pay for photography—property owners hired their own to keep up with the look of other listings. Uber is a platform connecting drivers and their cars with people wanting a ride. At Uber its ride-sharing prices are low enough to pull business away from taxicabs and black cars. There is controversy over what it pays drivers. It is obviously easy enough to get people to drive for Uber, though the turnover is reported to be on the order of 60 percent per year. The company spends a great deal on marketing, on paying fines, and on making political contributions around the world. The big question as of this writing is whether there is a “pathway” to profit. Uber lost $6.77 billion in 2020, an improvement from its $8.5 billion loss in 2019.

Right now, the poster child for this effect seems to be Uber. It appears that the company’s price for a ride does not cover its variable costs, but it is able to subsidize both the rides and the rapid expansion with investors’ capital. Despite creating the largest loss on initial public offering (IPO) in history, Uber continues to expand. The payoff to the original investors has been huge. For example, First Round Capital’s $510,000 seed investment was worth $2.5 billion by mid-2019. The original founder cashed out and left the board in 2018. Still, CEO Dara Khosrowshahi claimed that Uber would become profitable by the end of 2020.


pages: 305 words: 101,743

Trick Mirror: Reflections on Self-Delusion by Jia Tolentino

4chan, Affordable Care Act / Obamacare, Airbnb, Alexander Shulgin, big-box store, Black Lives Matter, cloud computing, Comet Ping Pong, crowdsourcing, Donald Trump, financial independence, game design, Jeff Bezos, Jon Ronson, Kickstarter, knowledge worker, late capitalism, Lyft, Mark Zuckerberg, Mason jar, Norman Mailer, obamacare, pattern recognition, Peter Thiel, Ponzi scheme, prosperity theology / prosperity gospel / gospel of success, public intellectual, QR code, rent control, Saturday Night Live, selective serotonin reuptake inhibitor (SSRI), Sheryl Sandberg, Silicon Valley, Snapchat, Steve Bannon, Steve Jobs, TED Talk, TikTok, uber lyft, upwardly mobile, wage slave, white picket fence

When, in 2018, the company finally responded to public pressure by raising minimum wage for its warehouse workers to $15, it made these changes at the expense of those very workers, taking their holiday bonus incentives and potential stock grants away. The model of business success in the millennial era is that of dismantling social structures to suck up cash from whatever corners of life can still be exploited. Uber and Airbnb have been similarly “disruptive.” Where Amazon ignored state sales taxes, Uber ignored local transportation regulations, and Airbnb ignored city laws against unregulated hotels. With Uber and Airbnb, the aesthetic of rapid innovation—and, crucially, the sense of relief these cheap experiences provide to consumers who are experiencing an entirely related squeeze—obscures the fact that these companies’ biggest breakthroughs have been successfully monetizing the unyielding stresses of late capitalism, shifting the need to compete from the company itself to the unprotected individual, and normalizing a paradigm in which workers and consumers bear the company’s rightful responsibility and risk.

At a basic level, Facebook, like most other forms of social media, runs on doublespeak—advertising connection but creating isolation, promising happiness but inculcating dread. The Facebook idiom now dominates our culture, with the most troubling structural changes of the era surfacing in isolated, deceptive specks of emotional virality. We see the dismantling of workplace protections in a celebratory blog post about a Lyft driver who continued to pick up passengers while she was in labor. We see the madness of privatized healthcare in the forced positivity of a stranger’s chemotherapy Kickstarter campaign. On Facebook, our basic humanity is reframed as an exploitable viral asset. Our social potential is compressed to our ability to command public attention, which is then made inextricable from economic survival.

With Uber and Airbnb, the aesthetic of rapid innovation—and, crucially, the sense of relief these cheap experiences provide to consumers who are experiencing an entirely related squeeze—obscures the fact that these companies’ biggest breakthroughs have been successfully monetizing the unyielding stresses of late capitalism, shifting the need to compete from the company itself to the unprotected individual, and normalizing a paradigm in which workers and consumers bear the company’s rightful responsibility and risk. Airbnb didn’t tell its New York City users that they were breaking the law by renting their apartments. Uber, like Amazon, has been artificially holding down prices to take over the market, at which point the prices will almost certainly go up. Driver pay, in the meantime, has been declining sharply. “We are living in an era of robber barons,” said John Wolpert, in Brad Stone’s The Upstarts. (Wolpert was the CEO of Cabulous, an Uber-esque company that had tried to work with San Francisco’s taxi commission instead of against it.) “If you have enough money and can make the right phone call, you can disregard whatever rules are in place and then use that as a way of getting PR.”


pages: 291 words: 90,771

Upscale: What It Takes to Scale a Startup. By the People Who've Done It. by James Silver

Airbnb, augmented reality, Ben Horowitz, Big Tech, blockchain, business process, call centre, credit crunch, crowdsourcing, data science, DeepMind, DevOps, family office, flag carrier, fulfillment center, future of work, Google Hangouts, growth hacking, high net worth, hiring and firing, imposter syndrome, Jeff Bezos, Kickstarter, Lean Startup, Lyft, Mark Zuckerberg, minimum viable product, Network effects, pattern recognition, reality distortion field, ride hailing / ride sharing, Salesforce, Silicon Valley, Skype, Snapchat, software as a service, Uber and Lyft, uber lyft, WeWork, women in the workforce, Y Combinator

The example I’ll give is Airbnb, which is nights booked. So you have a supply side, and you have a demand side. When there’s a successful transaction in the form of night units for Airbnb, that’s the sign of the marketplace working. So anything you do that’s driving up nights booked [or equivalent] is what you want to do for a marketplace. ‘For Uber and Lyft, it’s rides booked. So they don’t say kilometres driven; they could, and then you could incentivise people to do longer rides, but the theory is that ride length is not very elastic, so using these ride-sharing services for more rides is the right reflection of the utility of those apps.’ And while it’s not always immediately obvious what a company’s North Star metric is, says Grol, without knowing it you are going to have a much more challenging time accelerating the growth of your business.

It turned out OK, but I now think we should have been less conservative and we should have raised earlier.’ Does Buttress think that - because food-delivery tech is considered a winner-takes-all category, where the UK competition includes heavy-hitters Deliveroo and Uber Eats - scaling as rapidly as possible was the only surefire route to success? ‘Just Eat is a very different model to some of the last-mile delivery players like Uber Eats and Deliveroo,’ he replies. ‘The reason they have to scale fast is that without the efficiencies of delivery, your business model is terrible and you lose lots of money. So you need to find scale because that’s how you find efficiency.

There are multiple ways of doing this, explains Grol, ranging from emails or push notifications of new updates the user may be interested in, explicitly establishing a habit that the user creates themselves (like setting up a reminder to exercise at 6.30am with the 8fit app) to a coffee shop-style loyalty card that gamifies a habit. ‘Uber Eats, for example, is throwing money at the problem and trying to develop a habit with people by building all of these loyalty schemes. This mechanism is known as a retention loop. [As a founder] ask yourself what the mechanism is that will trigger your users to come back repeatedly to your product or service?’


pages: 149 words: 44,375

Slow by Brooke McAlary

Airbnb, big-box store, clean water, imposter syndrome, Lyft, off grid, Parkinson's law, Rana Plaza, retail therapy, sharing economy, TaskRabbit, TED Talk, uber lyft

In her 2012 TED talk, Rachel Botsman spoke of the sharing economy as a way to minimise buying things that have a limited use. Talking of handheld drills, which, on average, are used for a total of 12–13 minutes throughout their entire life, she exclaimed, ‘You need the hole, not the drill!’ Turo, Lyft, TaskRabbit and Airbnb are symbolic of the emergence of mainstream sharing, but there is a much more personal way to share that also taps into one of our most important resources—community. Is there a way you and your family, friends or neighbours could share common resources? Things you don’t use very often, but would probably go out and buy if the need arose?

And that’s OK. And I think that’s the difference between a burnout-inducing state of unsustainable busy-ness and a sustainable, albeit tiring, one: intention. The busy period I’m in now has an end date and a very clear purpose; we knew it was coming and we planned accordingly. The workload and the hours and the uber-tilting isn’t forever, and it’s very intentionally moving us closer towards our Why. Learning to accept and recognise that ahead of time has meant this period, which may have wiped me clean off the planet a few years ago, has been possible. So we’ve established that we will not get it right all the time and we’re OK with that.


pages: 232 words: 70,361

The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay by Emmanuel Saez, Gabriel Zucman

activist fund / activist shareholder / activist investor, Affordable Care Act / Obamacare, behavioural economics, Berlin Wall, book value, business cycle, carbon tax, Cass Sunstein, classic study, collective bargaining, Cornelius Vanderbilt, corporate governance, cross-border payments, Donald Trump, financial deregulation, government statistician, income inequality, income per capita, independent contractor, informal economy, intangible asset, Jeff Bezos, labor-force participation, Lyft, Mark Zuckerberg, market fundamentalism, Mont Pelerin Society, mortgage debt, mortgage tax deduction, new economy, offshore financial centre, oil shock, patent troll, profit maximization, purchasing power parity, race to the bottom, rent-seeking, ride hailing / ride sharing, Ronald Reagan, shareholder value, Silicon Valley, single-payer health, Skype, Steve Jobs, Tax Reform Act of 1986, The Wealth of Nations by Adam Smith, transfer pricing, trickle-down economics, uber lyft, very high income, We are the 99%

According to our computations, 80% of the wealth owned by the top 0.1% richest Americans consists of listed equities, bonds, shares in collective investment funds, real estate, and other assets with easily accessible market values. As for the remaining 20%—mostly shares in private businesses—valuation raises fewer problems than you might think. Although not publicly listed, shares in large private businesses are regularly bought and sold. Even before Lyft and Uber went public in 2019, for instance, it was possible for rich people to invest in the ride-sharing service companies. Private companies regularly issue new stock to banks, venture capitalists, wealthy individuals, and other “accredited investors” with deep enough pockets. These transactions de facto put a value on private firms.

Or, as is more frequently the case, they may structure their already profitable business so that it generates little taxable income (see: Buffett, Warren). In both cases, these billionaires can today live almost tax-free. As we saw in Chapter 5, even from the strict vantage point of economic efficiency, there is no cogent reason why the uber-wealthy should be permitted to grow their billions without contributing to their community’s needs. Without a wealth tax, it will be hard to reach average rates of 60% at the highest reaches of the wealth scale. Raising the top marginal income tax rate wouldn’t affect the tax bill of Jeff Bezos or Warren Buffett notably, since neither of them has much taxable income in the first place.


pages: 225 words: 70,590

Curbing Traffic: The Human Case for Fewer Cars in Our Lives by Chris Bruntlett, Melissa Bruntlett

15-minute city, An Inconvenient Truth, autonomous vehicles, bike sharing, BIPOC, car-free, coronavirus, COVID-19, emotional labour, en.wikipedia.org, global pandemic, green new deal, Jane Jacobs, lockdown, Lyft, microplastics / micro fibres, New Urbanism, post-work, RAND corporation, ride hailing / ride sharing, self-driving car, social distancing, streetcar suburb, the built environment, Uber and Lyft, uber lyft, urban planning, white flight, working-age population, World Values Survey

And that state of affairs will only be worsened by the (seemingly inevitable) introduction of autonomous cars: “Imagine all of us being in self-driving vehicles. The algorithm of the self-driving car solves all of these conflicts by itself. Imagine doing that for a year, and what that would do to your sense of trust of others.” On a smaller scale, this is already happening with ride-hailing services, such as Uber and Lyft, gradually diminishing our capacity to trust, and willingness to go out of our way to help one another. In both cases, we’re outsourcing these street-level negotiations to an external third party, with little regard of the consequences. One has only to delve into the comment section of an online article to appreciate how important that exposure to social and spatial diversity is in the twenty-first-century city.

We soon started receiving packages—coffee from our favorite coffee company, groceries from the nearby green grocers, flour ground at the nearby windmill, and even beer from one of our craft breweries. We even did the same for our family in Canada, ensuring that birthdays and holidays were still meaningful during a pandemic. These options for hyperlocal, sustainable delivery meant these entrepreneurs—many of whom were our neighbors—could compete with the Amazons and Uber Eats of the world, and a situation that might have forced them to close their shutters allowed them to thrive. The question that now remains is whether the COVID-19 pandemic and the ongoing climate crisis will be enough for car-dependent regions to pivot and create a “new normal.” But their reaction to the coronavirus lockdown, and the unique conditions experienced by people across the planet, has allowed for some optimism.


pages: 242 words: 67,233

McMindfulness: How Mindfulness Became the New Capitalist Spirituality by Ronald Purser

"World Economic Forum" Davos, Abraham Maslow, Affordable Care Act / Obamacare, Bernie Sanders, biodiversity loss, British Empire, capitalist realism, commoditize, corporate governance, corporate social responsibility, digital capitalism, Donald Trump, Edward Snowden, fake news, Frederick Winslow Taylor, friendly fire, Goldman Sachs: Vampire Squid, housing crisis, Howard Zinn, impulse control, job satisfaction, liberation theology, Lyft, Marc Benioff, mass incarceration, meta-analysis, military-industrial complex, moral panic, Nelson Mandela, neoliberal agenda, Nicholas Carr, obamacare, placebo effect, precariat, prosperity theology / prosperity gospel / gospel of success, publication bias, Ralph Waldo Emerson, randomized controlled trial, Ronald Reagan, Salesforce, science of happiness, scientific management, shareholder value, Sheryl Sandberg, Silicon Valley, Slavoj Žižek, source of truth, stealth mode startup, TED Talk, The Spirit Level, Tony Hsieh, too big to fail, Torches of Freedom, trickle-down economics, uber lyft, work culture

He wasn’t done. “If you are heading towards Union Square just be mindful of your personal belongings. Should you choose to go into the Tenderloin for theatres, restaurants, or galleries it does have a quirky, vibrant community” — pause for giggles from the audience — “you may want to take a cab, Lyft or Uber back to the hotel.”22 Basking in white privilege, Wisdom 2.0 is like a gated community where smug elites spew feel-good sound bites. Meanwhile, the technologies of distraction and addiction they produce cause widespread suffering, while their companies contribute to widening inequality. For all his talk about compassion and acceptance, Soren Gordhamer still bears grudges.

Then why was I unsettled, and experiencing vague irritation? Was I restless and bothered because of how mindfulness was being presented, as a simple technique without an ethical framework or social purpose? Not really. As far as I could tell, there were no serial killers among us — or cutthroat twenty-six-year-old Uber executives. I had also taken a few courses at Buddhist Insight Meditation Centers, and ethics were not on their agenda either. That wasn’t the issue. I briefly came back to my senses as the MBSR instructor led us in a guided sitting meditation. Minutes into the exercise, I had a flashback, or what the teacher called “mind-wandering” — sort of the opposite of focusing on now.


pages: 397 words: 110,222

Habeas Data: Privacy vs. The Rise of Surveillance Tech by Cyrus Farivar

Apple's 1984 Super Bowl advert, autonomous vehicles, call centre, citizen journalism, cloud computing, computer age, connected car, do-ocracy, Donald Trump, Edward Snowden, en.wikipedia.org, failed state, Ferguson, Missouri, Frank Gehry, Golden Gate Park, information security, John Markoff, Laura Poitras, license plate recognition, lock screen, Lyft, national security letter, Occupy movement, operational security, optical character recognition, Port of Oakland, RAND corporation, Ronald Reagan, sharing economy, Silicon Valley, Silicon Valley startup, Skype, Steve Jobs, Steven Levy, tech worker, The Hackers Conference, Tim Cook: Apple, transaction costs, uber lyft, WikiLeaks, you are the product, Zimmermann PGP

Since just after the Jones decision, Ohm has written in both academic and popular forums that in recent decades, privacy has often been lost as part of the transactional cost of doing business. If I want to use a cell phone, for instance, I have to give up my location information at all times. If I want to use a service like Uber or Lyft, I have to tell them where I want to go at specific times, and they are effectively allowed to retain that information forever. Under the third-party doctrine, that data can be accessed by the government relatively easily. But the Fourth Amendment does not regulate the power of private companies, it regulates government.

More recently, Boutrous is representing Uber in its ongoing labor dispute with its drivers. The case, known as O’Connor v. Uber, represents a major landmark in a rising tide of legal decisions and ongoing litigation in the so-called sharing economy. The four drivers, who now represent a class (like the Dukes case) are seeking to push Uber to recognize the service’s workers as employees rather than contractors. This case, along with dozens of similar ongoing lawsuits filed against Uber and other tech firms, seeks to answer a simple question: Are the workers (here, the Uber drivers) adequately labeled contractors or should they be properly classified as employees?

This case, along with dozens of similar ongoing lawsuits filed against Uber and other tech firms, seeks to answer a simple question: Are the workers (here, the Uber drivers) adequately labeled contractors or should they be properly classified as employees? If they should be employees, then Uber and the other corporations would be on the hook for unemployment benefits, workers’ compensation, and reimbursement for mileage and other expenses. In short, it would cost Uber tens of millions, or hundreds of millions, if not more. * * * Within hours of the judge’s order on February 16, 2016—even before Apple was given a chance to respond in a court of law—the US Attorney’s Office in Los Angeles released a statement to the court of public opinion. “We have made a solemn commitment to the victims and their families that we will leave no stone unturned as we gather as much information and evidence as possible,” Eileen Decker, the US attorney, wrote.


pages: 413 words: 115,274

Paved Paradise: How Parking Explains the World by Henry Grabar

A Pattern Language, Adam Neumann (WeWork), Airbnb, Albert Einstein, autonomous vehicles, availability heuristic, big-box store, bike sharing, Blue Bottle Coffee, car-free, congestion pricing, coronavirus, COVID-19, digital map, Donald Shoup, edge city, Ferguson, Missouri, Ford Model T, Frank Gehry, General Motors Futurama, gentrification, Google Earth, income inequality, indoor plumbing, Jane Jacobs, Lewis Mumford, Lyft, mandatory minimum, market clearing, megastructure, New Urbanism, parking minimums, power law, remote working, rent control, restrictive zoning, ride hailing / ride sharing, Ronald Reagan, Seaside, Florida, side hustle, Sidewalk Labs, Silicon Valley, SimCity, social distancing, Stop de Kindermoord, streetcar suburb, text mining, the built environment, The Death and Life of Great American Cities, TikTok, traffic fines, Uber and Lyft, uber lyft, upwardly mobile, urban planning, urban renewal, urban sprawl, Victor Gruen, walkable city, WeWork, white flight, Yogi Berra, young professional

The mood at the conference in Orlando in 2019 was one of gentle defiance: Christine Banning, the president of the sixty-eight-year-old trade group, set the tone in an early address: “There is so much in the media ‘Parking is dead,’ ” she cried. “If I see one more report, I don’t know what I’m going to do.” In fact, as Banning spelled out, things were looking pretty sunny for parking that fall: autonomous cars had failed to materialize, Uber and Lyft were still pouring billions of dollars down the drain, millennials were finally buying cars. The pandemic was still six months away. “That normal human life pattern is taking shape,” Banning observed of millennial car buying, “and there’s a bright future ahead of us.” Despite America’s surplus of free parking and Americans’ related hatred for paying for it, commercial parking is a lucrative business because parkers receive a great deal of help on both sides of the ball.

But the bike-share stations did exemplify, on an enormous scale, a new way of thinking about the curb that went beyond the old parking meter. Not surprisingly, one company interested in thinking about curb uses besides parking was Uber—the ride-hail giant whose cars now made up a significant share of traffic in central business districts, often stopping for minutes at a time to pick up or drop off passengers, but rarely parking. In 2018, Uber commissioned a study with the San Francisco consultancy Fehr & Peers that coined a new concept: the Curb Productivity Index, which attempted to think about curbs not by Morgan Stanley’s crude measures of profit but in terms of total utility.

He graduated from college into the Great Recession, took an entry-level banking job, got laid off, and moved in with his parents outside of Chicago. There, Mark tooled around with a familiar start-up formula: find a successful new company, and apply its model to a field that hasn’t yet been disrupted. Uber of X, Amazon of Y. Mark wanted to start the Airbnb of parking. Initially, as a kid from the suburbs accustomed to stress-cruising snowy streets before a Bulls game and going home with a parking ticket, Mark assumed there was not enough parking in Chicago. His company would bring all this new parking to market and alleviate traffic and congestion.


pages: 344 words: 104,077

Superminds: The Surprising Power of People and Computers Thinking Together by Thomas W. Malone

Abraham Maslow, agricultural Revolution, Airbnb, Albert Einstein, Alvin Toffler, Amazon Mechanical Turk, Apple's 1984 Super Bowl advert, Asperger Syndrome, Baxter: Rethink Robotics, bitcoin, blockchain, Boeing 747, business process, call centre, carbon tax, clean water, Computing Machinery and Intelligence, creative destruction, crowdsourcing, data science, deep learning, Donald Trump, Douglas Engelbart, Douglas Engelbart, driverless car, drone strike, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, experimental economics, Exxon Valdez, Ford Model T, future of work, Future Shock, Galaxy Zoo, Garrett Hardin, gig economy, happiness index / gross national happiness, independent contractor, industrial robot, Internet of things, invention of the telegraph, inventory management, invisible hand, Jeff Rulifson, jimmy wales, job automation, John Markoff, Joi Ito, Joseph Schumpeter, Kenneth Arrow, knowledge worker, longitudinal study, Lyft, machine translation, Marshall McLuhan, Nick Bostrom, Occupy movement, Pareto efficiency, pattern recognition, prediction markets, price mechanism, radical decentralization, Ray Kurzweil, Rodney Brooks, Ronald Coase, search costs, Second Machine Age, self-driving car, Silicon Valley, slashdot, social intelligence, Stephen Hawking, Steve Jobs, Steven Pinker, Stewart Brand, technological singularity, The Nature of the Firm, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, theory of mind, Tim Cook: Apple, Tragedy of the Commons, transaction costs, Travis Kalanick, Uber for X, uber lyft, Vernor Vinge, Vilfredo Pareto, Watson beat the top human players on Jeopardy!

That’s why I think we’re likely to see more and more decentralization of decision making over the coming decades. In the years since The Future of Work was published, many of the things it predicted have become more common: Highly decentralized online groups like Wikipedia and open-source software are much more prominent. Decentralized markets for things like taxi services (Lyft) and hotel services (Airbnb) have captured our national attention. Even our largest corporations—like IBM, Google, and General Motors—have less of the rigid, centralized hierarchies that were common in the corporations of the past (think three-piece suits) and more of the loose, decentralized structures that used to be confined to a few cutting-edge sectors of the economy (think jeans and T-shirts).

Unlike the ecosystems described in this book, business ecosystems, in this sense, often have a leader and substantial amounts of cooperation among the ecosystem members. For example, both Apple and Microsoft are leaders in their respective ecosystems of IT companies. See James F. Moore, “Predators and Prey: A New Ecology of Competition,” Harvard Business Review (May–June 1993): 75–86. 2. Erin Griffith, “Why Uber CEO Travis Kalanick’s Resignation Matters,” Fortune, June 21, 2017, http://fortune.com/2017/06/21/uber-ceo-travis-kalanick-why-it-matter. 3. Charles Darwin, On the Origin of Species by Means of Natural Selection (London: John Murray, 1859). 4. Richard R. Nelson and Sidney G. Winter, An Evolutionary Theory of Economic Change (Cambridge, MA: Harvard University Press, 1982); Michael T.

As we move further along the continuum toward greater machine control, Google Assistant and Amazon’s Alexa are examples of automated systems that strive to be assistants rather than just tools, especially when they do things like volunteering information you never asked for—such as reminding you that you need to leave for the airport now to make your flight. Similarly, a fully self-driving car would be a clear example of an assistant. Like a human taxi (or Uber) driver, this automated assistant will take a great deal of initiative to navigate through traffic to the destination you specify. Another example of an automated assistant is the software used by the online clothing retailer Stitch Fix to help its human stylists recommend items to customers.3 Stitch Fix customers first fill out detailed questionnaires about their style, size, and price preferences.


pages: 356 words: 91,157

The New Urban Crisis: How Our Cities Are Increasing Inequality, Deepening Segregation, and Failing the Middle Class?and What We Can Do About It by Richard Florida

affirmative action, Airbnb, back-to-the-city movement, basic income, Bernie Sanders, bike sharing, blue-collar work, business climate, Capital in the Twenty-First Century by Thomas Piketty, clean water, Columbine, congestion charging, creative destruction, David Ricardo: comparative advantage, declining real wages, deindustrialization, Donald Trump, East Village, edge city, Edward Glaeser, failed state, Ferguson, Missouri, gentrification, Gini coefficient, Google bus, high net worth, high-speed rail, income inequality, income per capita, industrial cluster, informal economy, Jane Jacobs, jitney, Kitchen Debate, knowledge economy, knowledge worker, land value tax, low skilled workers, Lyft, megacity, megaproject, Menlo Park, mortgage tax deduction, Nate Silver, New Economic Geography, new economy, New Urbanism, occupational segregation, off-the-grid, opioid epidemic / opioid crisis, Paul Graham, plutocrats, RAND corporation, rent control, rent-seeking, restrictive zoning, Richard Florida, rising living standards, Ronald Reagan, secular stagnation, self-driving car, Silicon Valley, SimCity, sovereign wealth fund, streetcar suburb, superstar cities, tech worker, the built environment, The Chicago School, The Death and Life of Great American Cities, the High Line, The Rise and Fall of American Growth, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, Thorstein Veblen, trickle-down economics, Tyler Cowen, Uber and Lyft, uber lyft, universal basic income, upwardly mobile, urban decay, urban planning, urban renewal, urban sprawl, white flight, young professional

Cities in other parts of the world, including London, have begun to institute congestion charges, which make drivers pay for their use of busy roads to help alleviate traffic, sprawl, and pollution. New developments like self-driving cars, electric vehicles, and on-demand digital delivery systems, such as Uber and Lyft, will certainly play a big role in the city of the future. But we still need mass transit to provide the connective fiber that will increase clustering and enable the development of a larger number of dense, mixed-use clustered neighborhoods that are affordable to more people. Ultimately, this is not about choosing one form of transportation over another.

In the role of mayor, they have the power to change things like tax rates, zoning ordinances, and land use regulations, and to do things that boost economic development and create jobs. Then, by clicking on individual citizens, players can see the effects their changes are having on people’s lives. In the grim future world in which Cities of Tomorrow is set, the city’s technologically advanced infrastructure is owned by an über-elite cadre known as ControlNet. The mayor can do things to limit their power, but only at the risk of stifling the city’s economic growth. Too little growth and the city devolves into dystopian squalor; too much and it becomes so unequal that its citizens cannot afford to live in it. To succeed, players must find and navigate the precarious path between those two equally unpalatable urban alternatives.1 Sound familiar?

Today’s hottest startups involve digital and social media, games, and creative applications, which draw on the deep pools of designers, composers, scenarists, musicians, marketers, and copywriters that can be found in cities. Tumblr and Buzzfeed launched in New York City to take advantage of the proximity of leading media and advertising agencies.18 Other urban startups, such as Uber and Airbnb, hope to actually make some aspect of cities work more efficiently—transportation and short-term housing, respectively. Cities aren’t just locations for these companies, but the sites of the very problems their technologies aim to solve and the platforms for innovation itself. Indeed, the cultural creativity of great cities has proven to be a big draw for startup talent.


pages: 172 words: 48,747

The View From Flyover Country: Dispatches From the Forgotten America by Sarah Kendzior

Aaron Swartz, Affordable Care Act / Obamacare, Alan Greenspan, American ideology, barriers to entry, clean water, corporate personhood, crowdsourcing, David Brooks, David Graeber, disinformation, Donald Trump, Edward Snowden, gentrification, George Santayana, glass ceiling, income inequality, independent contractor, low skilled workers, Lyft, Marshall McLuhan, Mohammed Bouazizi, new economy, obamacare, Occupy movement, Oklahoma City bombing, payday loans, pink-collar, post-work, public intellectual, publish or perish, Richard Florida, ride hailing / ride sharing, Sheryl Sandberg, side hustle, Silicon Valley, the medium is the message, trickle-down economics, Uber and Lyft, uber lyft, unpaid internship, Upton Sinclair, urban decay, War on Poverty, WikiLeaks, women in the workforce

Louis writer and full-time taxi driver, bemoaned the economic model of ride-share services, which are trying to establish themselves in the city. Noting that they hurt not only taxi drivers but poor residents who have neither cars nor public transport and thus depend on taxis willing to serve dangerous neighborhoods, he dismisses Uber and Lyft as hipster elitists masquerading as innovators: “I’ve heard several young hipsters tell me they’re socially-liberal and economic-conservative, a popular trend in American politics,” he writes. “Well, I hate to break it to you, buddy, but it’s economics and the role of the state that defines politics.


pages: 368 words: 108,222

Parkland: Birth of a Movement by Dave Cullen

3D printing, Albert Einstein, Bernie Sanders, Black Lives Matter, Columbine, crisis actor, gun show loophole, impulse control, Lyft, megaproject, side project, Skype, Snapchat, uber lyft

She had never even attended a political rally before Valentine’s Day. David, Emma, and Cameron also skipped the competitions. The teams could take a break, but not them. Most of the details were delegated. Adults were employed to solve the vexing issues posed by all the in-kind generosity. Airlines and hotels had donated tickets and blocks of rooms, Lyft promised free rides, and so many kids were in need, but who was going to coordinate all that? Invitations were routed to Ryan Deitsch, who texted the information to Jeff Foster, the AP government teacher. Mr. Foster maintained a sign-up list, which ran about 750 students deep, and he built a detailed spreadsheet to capture all the details and match them up.

He also expressed undying love for a girl mentioned by her first name: “I hope to see you in the afterlife.” “I’m going to be the next school shooter of 2018,” he said in another segment. “My goal is at least twenty people with an AR-15. . . . Location is Stoneman Douglas in Parkland, Florida. . . . Here’s the plan: I’m going to take an Uber in the afternoon before 2:40 p.m. From there, I’ll go into the school campus, walk up the stairs, load my bags and get my AR and shoot people down at . . . the main courtyard and people will die.” Aside from the courtyard, that’s how it played out. The father of the family he was staying with normally drove him to his adult education course, but that morning, the killer said he didn’t go to school on Valentine’s Day.

The father of the family he was staying with normally drove him to his adult education course, but that morning, the killer said he didn’t go to school on Valentine’s Day. He put on a Junior ROTC polo shirt. All the ROTC kids wore them on Wednesdays. He packed the AR-15 into a softback carrying case, and extra magazines into a backpack. He told the Uber driver he was going to music class, leading the driver to mistake the big bag for a guitar case. In the back of the car, the killer texted with the friend he was staying with, who was inside the school. It was normal chitchat. The final text came at 2:18 p.m.: “Hey yo, hey whatcha doin?” They arrived one minute later.


You Can't Touch My Hair: And Other Things I Still Have to Explain by Phoebe Robinson

Bottomless brunch, Donald Trump, Frank Gehry, Lyft, microaggression, Rosa Parks, uber lyft

If you allow yourself to absorb too much of the positivity, you’ll think your shit don’t stink, and that’s how the world ended up with Rebecca Black’s “Friday.” On the flip side, if you take the negative things they say about you too much to heart, you and your family/friends will end up on an episode of Dr. Phil. And trust me, you don’t want to be taking life advice from someone who is basically the by-product of a Popeyes commercial and a Lyft mustache. Not-So-Guilty Pleasure #6: Having Pretend Subway Boyfriends He’s the dreamboat of the day on a crowded subway train, who’s seated across from me, reading a book. He looks up, we lock eyes, and then he returns to his book. I, on the other hand, have decided it. Is. On. We are dating until the end of the commute.

I’m talking like the “Aunt Flo decided to visit when I just put on a brand-new pair of my Victoria’s Secret five-for-$25” type of bad surprise, as was the case with my recent Uber ride. To properly set the scene, you must know two things: One, I had just finished working out at the gym and decided to treat myself to a cab ride home. Yes, this is trifling, but when you’re so single that your Apple TV remote has its own side of the bed, you really try to do anything to make yourself feel special, hence the Uber; and two, my driver looked like Villain #4 from the Taken movies, you know, just real Slavic AF, so for the purposes of this story, he will be known as Taken Face.


pages: 555 words: 80,635

Open: The Progressive Case for Free Trade, Immigration, and Global Capital by Kimberly Clausing

"World Economic Forum" Davos, 2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, active measures, Affordable Care Act / Obamacare, agricultural Revolution, battle of ideas, Bernie Sanders, business climate, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, carbon tax, climate change refugee, corporate social responsibility, creative destruction, currency manipulation / currency intervention, David Ricardo: comparative advantage, Donald Trump, fake news, floating exchange rates, full employment, gig economy, global supply chain, global value chain, guest worker program, illegal immigration, immigration reform, income inequality, index fund, investor state dispute settlement, knowledge worker, labor-force participation, low interest rates, low skilled workers, Lyft, manufacturing employment, Mark Zuckerberg, meta-analysis, offshore financial centre, open economy, Paul Samuelson, precautionary principle, profit motive, purchasing power parity, race to the bottom, Robert Shiller, Ronald Reagan, savings glut, secular stagnation, Silicon Valley, Tax Reform Act of 1986, tech worker, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, too big to fail, trade liberalization, transfer pricing, uber lyft, winner-take-all economy, working-age population, zero-sum game

For example, in Germany, excellent labor market outcomes are often attributed to the fact that labor stakeholders are more involved in business decision-making.6 Finally, there are several useful ways to modernize labor laws for today’s economy that warrant consideration. As one example, labor laws likely need updating to account for the fact that many workers work independently in the “gig economy” (for example, for online intermediaries like Lyft or Uber).7 Flying the Friendly Skies? Recently, American Airlines announced a plan for pay raises for their pilots and flight attendants, in part due to competitive pressures associated with higher wages at Delta and United. In response, stock market analysts wrote disapproving commentary about how shareholders would be harmed by this undue generosity toward labor, and American Airlines’ stock price fell 5 percent in one day.

Forty-four of the eighty-seven private start-ups that are now valued at over $1 billion were started by immigrants, and sixty-two of these companies have immigrants as key members of their management team.6 Between 2006 and 2012, immigrants started one-third of the US venture capital–backed companies that became publicly traded, a total of ninety-two companies.7 It is nearly impossible to imagine Silicon Valley without immigrants. Google, Instagram, Uber, and eBay were founded by immigrants, and the role of immigrants in the region extends far beyond these companies. As of 2014, 46 percent of Silicon Valley’s workforce was foreign-born. The share is even larger for workers between the ages of 25 and 44, and it rises to a whopping 74 percent of workers hired for their math and computer expertise in that age bracket.8 These workers also extend opportunities for American-born workers.


pages: 496 words: 131,938

The Future Is Asian by Parag Khanna

3D printing, Admiral Zheng, affirmative action, Airbnb, Amazon Web Services, anti-communist, Asian financial crisis, asset-backed security, augmented reality, autonomous vehicles, Ayatollah Khomeini, barriers to entry, Basel III, bike sharing, birth tourism , blockchain, Boycotts of Israel, Branko Milanovic, British Empire, call centre, capital controls, carbon footprint, cashless society, clean tech, clean water, cloud computing, colonial rule, commodity super cycle, computer vision, connected car, corporate governance, CRISPR, crony capitalism, cross-border payments, currency peg, death from overwork, deindustrialization, Deng Xiaoping, Didi Chuxing, Dissolution of the Soviet Union, Donald Trump, driverless car, dual-use technology, energy security, European colonialism, factory automation, failed state, fake news, falling living standards, family office, financial engineering, fixed income, flex fuel, gig economy, global reserve currency, global supply chain, Great Leap Forward, green transition, haute couture, haute cuisine, illegal immigration, impact investing, income inequality, industrial robot, informal economy, initial coin offering, Internet of things, karōshi / gwarosa / guolaosi, Kevin Kelly, Kickstarter, knowledge worker, light touch regulation, low cost airline, low skilled workers, Lyft, machine translation, Malacca Straits, Marc Benioff, Mark Zuckerberg, Masayoshi Son, megacity, megaproject, middle-income trap, Mikhail Gorbachev, money market fund, Monroe Doctrine, mortgage debt, natural language processing, Netflix Prize, new economy, off grid, oil shale / tar sands, open economy, Parag Khanna, payday loans, Pearl River Delta, prediction markets, purchasing power parity, race to the bottom, RAND corporation, rent-seeking, reserve currency, ride hailing / ride sharing, Ronald Reagan, Salesforce, Scramble for Africa, self-driving car, Shenzhen special economic zone , Silicon Valley, smart cities, SoftBank, South China Sea, sovereign wealth fund, special economic zone, stem cell, Steve Jobs, Steven Pinker, supply-chain management, sustainable-tourism, synthetic biology, systems thinking, tech billionaire, tech worker, trade liberalization, trade route, transaction costs, Travis Kalanick, uber lyft, upwardly mobile, urban planning, Vision Fund, warehouse robotics, Washington Consensus, working-age population, Yom Kippur War

The ride-sharing industry is emblematic of how Western companies are losing out to local rivals for both strategic and cultural reasons. As recently as 2015, it seemed as though Uber was taking over the world. But thanks to SoftBank’s consistent support for a suite of Asian car-sharing firms—Didi Chuxing (DiDi) in China, GrabShare in Southeast Asia, and Ola Cabs in India—Uber’s valuation dropped below that of DiDi, which bought Uber’s China operations (after which SoftBank bought Uber shares at a discount).28 In Russia, Uber was subsumed by Yandex.Drive; in Southeast Asia, Uber sold its operations to GrabShare, which took another $1 billion in investment from Toyota. Now DiDi is expanding into Brazil, Ola Cabs (in which DiDi has invested) is moving into Australia, and Careem leads in the Gulf region.

Now DiDi is expanding into Brazil, Ola Cabs (in which DiDi has invested) is moving into Australia, and Careem leads in the Gulf region. These Asian firms collectively own the Asian space while challenging Uber everywhere else. In many Asian cities, Uber is no longer the market leader but a transport solutions partner for indigenous champions. In stark contrast to Uber founder Travis Kalanick, DiDi founder Jean Liu—one of fifty recently minted billionaire Chinese females—is considered a nurturing mentor to her regional peers. Grab CEO Anthony Tan has said, “There’s this sense of brotherhood, that we’re in this battle together.

Books Kinokuniya, the stylish Japanese bookstore chain, has become a prominent landmark in major Asian cities from Dubai to Singapore. In place of the old corporate culture known for seniority rather than meritocracy, new-economy companies such as the e-commerce pioneer Rakuten are promoting a more entrepreneurial and diverse workforce to match that of their investments such as Lyft and Pinterest in the United States and PriceMinister in France. Rakuten requires English competence, and at Uniqlo, English is the official workplace language. According to Rakuten founder Hiroshi Mikitani, “The greatest business risk [Japan] faces is that of staying at home.”20 Japan is invigorating its already deep advantages in precision industries through new public-private alliances amounting to several trillion dollars devoted to the Internet of Things (IoT), big data, AI, 3D printing, robotics, biotech, health care, clean energy, enhanced agriculture, and other sectors—all ready for export to Asia’s high-growth markets.


Mindf*ck: Cambridge Analytica and the Plot to Break America by Christopher Wylie

4chan, affirmative action, Affordable Care Act / Obamacare, air gap, availability heuristic, Berlin Wall, Bernie Sanders, Big Tech, big-box store, Boris Johnson, Brexit referendum, British Empire, call centre, Cambridge Analytica, Chelsea Manning, chief data officer, cognitive bias, cognitive dissonance, colonial rule, computer vision, conceptual framework, cryptocurrency, Daniel Kahneman / Amos Tversky, dark pattern, dark triade / dark tetrad, data science, deep learning, desegregation, disinformation, Dominic Cummings, Donald Trump, Downton Abbey, Edward Snowden, Elon Musk, emotional labour, Etonian, fake news, first-past-the-post, gamification, gentleman farmer, Google Earth, growth hacking, housing crisis, income inequality, indoor plumbing, information asymmetry, Internet of things, Julian Assange, Lyft, Marc Andreessen, Mark Zuckerberg, Menlo Park, move fast and break things, Network effects, new economy, obamacare, Peter Thiel, Potemkin village, recommendation engine, Renaissance Technologies, Robert Mercer, Ronald Reagan, Rosa Parks, Sand Hill Road, Scientific racism, Shoshana Zuboff, side project, Silicon Valley, Skype, Stephen Fry, Steve Bannon, surveillance capitalism, tech bro, uber lyft, unpaid internship, Valery Gerasimov, web application, WikiLeaks, zero-sum game

But as I answered their questions, it was obvious that threats to democracy didn’t interest them nearly as much as the mechanics of what Cambridge Analytica had pulled off. Even the Facebook vice president seemed mostly unfazed. If I had a problem with Cambridge Analytica, he said, then I should create a rival firm—respond to the Uber of propaganda by developing the Lyft. This suggestion struck me as perverse—not to mention irresponsible—coming from an executive at a company well positioned to take meaningful action. But that was how Silicon Valley operated, I soon realized. The reaction to any problem, even one as serious as a threat to the integrity of our elections, is not “How can we fix it?”

One of his hobbies is building model train sets, and I got the feeling that he thought he could, in effect, get us to build him a model society for him to tinker with until it was perfect. By taking a leap at quantifying many of the intrinsic aspects of human behavior and cultural interaction, Mercer eventually realized that he could have at his disposal the Uber of information warfare. And, like Uber, which decimated the hundred-year-old taxi industry with a single app, his venture was about to do the same with democracy. Bannon’s goal was fundamentally different. He was no traditional Republican. In fact, he hated Mitt Romney–style Republicans for what he saw as their vapid capitalism.

(Facebook first publicly outlined the extent of the Russian information operations on its platform in September 2017, more than a year after it first identified the issue, and seven months after beginning to investigate what was called a “five-alarm fire” of disinformation spreading on its site.) Ultimately, between the Democrats’ indifference to the threat and Silicon Valley’s inability to understand how to solve a problem without creating another “Uber of X,” my efforts to warn the Americans went nowhere. When you try to sound an alarm and people keep telling you “Don’t worry about it” or “Don’t rock the boat,” you start to wonder if maybe you’re overreacting. I wasn’t in the Clinton campaign or in the White House. I was just a guy in Canada, shouting into the wind.


pages: 197 words: 53,831

Investing to Save the Planet: How Your Money Can Make a Difference by Alice Ross

"World Economic Forum" Davos, activist fund / activist shareholder / activist investor, An Inconvenient Truth, barriers to entry, British Empire, carbon footprint, carbon tax, circular economy, clean tech, clean water, coronavirus, corporate governance, COVID-19, creative destruction, decarbonisation, diversification, Elon Musk, energy transition, Extinction Rebellion, family office, food miles, Future Shock, global pandemic, Goldman Sachs: Vampire Squid, green transition, Greta Thunberg, high net worth, hiring and firing, impact investing, Intergovernmental Panel on Climate Change (IPCC), Jeff Bezos, lockdown, low interest rates, Lyft, off grid, oil shock, passive investing, Peter Thiel, plant based meat, precision agriculture, risk tolerance, risk/return, sharing economy, Silicon Valley, social distancing, sovereign wealth fund, TED Talk, Tragedy of the Commons, uber lyft, William MacAskill

Companies like this can also help address the issue of so-called scope 3 emissions, which take into account emissions indirectly caused by a company through their supply chain. The sharing economy is also part of the circular-economy movement: the emphasis being on consumers owning fewer things and instead renting or sharing. Lift-sharing services like Uber or Lyft are one obvious example, while in China, start-up YCloset, which allows users to rent clothes and jewellery, attracted investment from Chinese technology giant Alibaba in 2018. A circular economy in fashion could also be given a boost by the coronavirus pandemic, as people practising social distancing look to refresh their wardrobes cheaply or repair what they already own.


pages: 173 words: 55,328

Last Best Hope: America in Crisis and Renewal by George Packer

affirmative action, Affordable Care Act / Obamacare, Alan Greenspan, anti-bias training, anti-communist, Berlin Wall, Bernie Sanders, Big Tech, BIPOC, Black Lives Matter, blue-collar work, Branko Milanovic, British Empire, business cycle, Capital in the Twenty-First Century by Thomas Piketty, collective bargaining, coronavirus, COVID-19, crony capitalism, defund the police, deindustrialization, desegregation, disinformation, Donald Trump, failed state, fake news, Fall of the Berlin Wall, Ferguson, Missouri, fulfillment center, full employment, George Floyd, ghettoisation, gig economy, glass ceiling, informal economy, Jeff Bezos, knowledge economy, liberal capitalism, lockdown, Lyft, Mark Zuckerberg, mass immigration, meritocracy, minimum wage unemployment, new economy, Norman Mailer, obamacare, off-the-grid, postindustrial economy, prosperity theology / prosperity gospel / gospel of success, QAnon, ride hailing / ride sharing, road to serfdom, Ronald Reagan, school vouchers, self-driving car, Silicon Valley, social distancing, Social Justice Warrior, Steve Bannon, too big to fail, Triangle Shirtwaist Factory, Uber and Lyft, uber lyft, Upton Sinclair, white flight, working poor, young professional

If a ride-share app is quick and easy, if one-click shopping beats driving to the mall, if a too-big-to-fail bank has branches all over the city, it’s hard to see all the negative consequences of monopoly, or want to do much about them. So in 2020 voters in California, who gave Biden 5 million more votes than Trump, also passed a referendum to overturn a new state law that would have allowed drivers for Uber and Lyft the status and rights of employees. As long as prices stay low and services efficient, who really wants change? Even if you feel a vague objection now and then, you still have to live in the world of the behemoths. The Progressives of Perkins’s era attacked the trusts not simply because they were big, but because they threatened the freedom of the independent owner, the industrial worker, and the citizen.


pages: 405 words: 112,470

Together by Vivek H. Murthy, M.D.

Airbnb, call centre, cognitive bias, coronavirus, COVID-19, crowdsourcing, death from overwork, gentrification, gig economy, income inequality, index card, karōshi / gwarosa / guolaosi, longitudinal study, Lyft, Mahatma Gandhi, medical residency, meta-analysis, moral hazard, Nelson Mandela, opioid epidemic / opioid crisis, Ralph Waldo Emerson, randomized controlled trial, rent control, ride hailing / ride sharing, Ronald Reagan, sharing economy, Silicon Valley, Silicon Valley startup, Skype, Snapchat, social distancing, social intelligence, stem cell, TED Talk, twin studies, Uber and Lyft, uber lyft

And my village grew in unexpected ways to include people like the staff at Abe’s Café, where I wrote much of this book, who would often give me an extra serving of my favorite tapioca pearls with an encouraging smile when I was on my tenth hour straight of writing. It also included the babysitters, neighbors, and relatives who stepped in to help care for our children before critical deadlines and Uber and Lyft drivers who frequently offered their takes on the book and some of whose stories are included in these pages. In their own beautiful ways, they reminded me often of the healing power of human connection. We really do need one another. My mother-in-law, Sylvia Chen; father-in-law, Yong-Ming Chen; and sister-in-law, Michelle, put up with many visits that involved me writing endlessly at the dining table or in coffee shops on our visits to see them in California.

Paolo Parigi11 has been studying the effects of online reputations on personal relationships, and his findings are as complex as they are surprising. His subjects are users of networking services such as Airbnb and Uber, and his premise is that online reputations, which users build through services’ apps, function as a form of social introduction. In the peer-to-peer marketplace, before you and your Uber driver or Airbnb host ever meet, you have a wealth of preliminary information about each other, which is distilled into a rating. This, in effect, crowdsources your trust in each other. One real benefit of this ratings system, Parigi said in a 2018 interview,12 is that it overrides superficial biases and increases the diversity of interactions in our daily lives.

Yet the value placed on social connection varies dramatically from continent to continent and among different cultural traditions. That in turn affects how and whether individuals experience loneliness. I was reminded of this on a recent trip to the airport, when my wife, Alice, and I struck up a conversation about family with our Uber driver, a young man originally from Addis Ababa, Ethiopia. He said what he missed most about Addis was that people around you there took care of you, and you did the same. He added, “You can just leave your kids with your neighbor and go away for four or five days and they will take care of them. It’s what we do.


The Rough Guide to New York City by Rough Guides

3D printing, Airbnb, Bear Stearns, Berlin Wall, Bernie Madoff, bike sharing, Blue Bottle Coffee, Bonfire of the Vanities, Broken windows theory, Buckminster Fuller, buttonwood tree, car-free, centre right, Chuck Templeton: OpenTable:, clean water, collateralized debt obligation, colonial rule, congestion pricing, Cornelius Vanderbilt, crack epidemic, David Sedaris, Donald Trump, Downton Abbey, East Village, Edward Thorp, Elisha Otis, Exxon Valdez, Frank Gehry, General Motors Futurama, gentrification, glass ceiling, greed is good, haute couture, haute cuisine, Howard Zinn, illegal immigration, index fund, it's over 9,000, Jane Jacobs, junk bonds, Kickstarter, Lewis Mumford, Lyft, machine readable, Nelson Mandela, Norman Mailer, paper trading, Ponzi scheme, post-work, pre–internet, rent stabilization, ride hailing / ride sharing, Saturday Night Live, Scaled Composites, starchitect, subprime mortgage crisis, sustainable-tourism, The Death and Life of Great American Cities, the High Line, transcontinental railway, Triangle Shirtwaist Factory, uber lyft, upwardly mobile, urban decay, urban planning, urban renewal, white flight, Works Progress Administration, Yogi Berra, young professional

If you lose something in a taxi, or you have a problem with a driver, get the licence number from the right-hand side of the dashboard, or the medallion number from the rooftop sign or from the print-out receipt for the fare, and file a complaint at 311 or 1.nyc.gov. Uber and “gypsy cabs” Since 2015 there have been more Uber (uber.com) cars than yellow cabs in New York City. Ride-sharing service Uber connects riders with generally part-time drivers through a mobile app (so you need a smartphone to use it). Its introduction in New York has caused a backlash from yellow cab drivers, with calls for greater regulation, but at the time of writing the service remained popular and is generally safe. The cheapest base fare is $2.55 (uberX), followed by $1.75 per mile (there’s usually a minimum payment of $8, making short trips uneconomical). Lyft (lyft.com) and Gett (gett.com) offer similar services and rates (also via apps).

Ignore the individual touts vying for attention as you exit the baggage claim; these “gypsy cab” operators are notorious for ripping off tourists. Any airport official can direct you to the taxi stand, where you can get an official New York City yellow taxi. Remember to add a fifteen- to twenty-percent tip for the driver. Uber (uber.com) is safe and popular in New York and offers similar rates to conventional taxis from the airports, but you’ll need a working smartphone to use the service. If you’re not so pressed for time and want to save some money, it is also possible to take the train, commuter or subway, from Newark or JFK, and a city bus from LaGuardia.

Continuing north from there, you’ll hit the Dominican stronghold of Washington Heights, while the northernmost tip of the island, known as Inwood, is home to The Cloisters, a museum-as-mock-medieval-monastery that holds the Met’s superlative collection of medieval art. All the areas detailed below are generally safe for visitors, especially during the day when there are usually lots of people around – just take the usual precautions at night, and stick to the main thoroughfares. To get around at night by taxi, your best bet is to use Uber or grab one of the many livery cabs or Boro Taxis cruising the main avenues – negotiate the fare in advance (around $25–30 to Midtown). Arrival and information Arrival Subway A, B, C, #1, #2 and #3 to 125th St (for central Harlem); it can be helpful to take a guided tour to get acquainted with the area.


pages: 402 words: 126,835

The Job: The Future of Work in the Modern Era by Ellen Ruppel Shell

"Friedman doctrine" OR "shareholder theory", 3D printing, Abraham Maslow, affirmative action, Affordable Care Act / Obamacare, Airbnb, airport security, Albert Einstein, AlphaGo, Amazon Mechanical Turk, basic income, Baxter: Rethink Robotics, big-box store, blue-collar work, Buckminster Fuller, call centre, Capital in the Twenty-First Century by Thomas Piketty, Clayton Christensen, cloud computing, collective bargaining, company town, computer vision, corporate governance, corporate social responsibility, creative destruction, crowdsourcing, data science, deskilling, digital divide, disruptive innovation, do what you love, Donald Trump, Downton Abbey, Elon Musk, emotional labour, Erik Brynjolfsson, factory automation, follow your passion, Frederick Winslow Taylor, future of work, game design, gamification, gentrification, glass ceiling, Glass-Steagall Act, hiring and firing, human-factors engineering, immigration reform, income inequality, independent contractor, industrial research laboratory, industrial robot, invisible hand, It's morning again in America, Jeff Bezos, Jessica Bruder, job automation, job satisfaction, John Elkington, John Markoff, John Maynard Keynes: Economic Possibilities for our Grandchildren, Joseph Schumpeter, Kickstarter, knowledge economy, knowledge worker, Kodak vs Instagram, labor-force participation, low skilled workers, Lyft, manufacturing employment, Marc Andreessen, Mark Zuckerberg, means of production, move fast and break things, new economy, Norbert Wiener, obamacare, offshore financial centre, Paul Samuelson, precariat, Quicken Loans, Ralph Waldo Emerson, risk tolerance, Robert Gordon, Robert Shiller, Rodney Brooks, Ronald Reagan, scientific management, Second Machine Age, self-driving car, shareholder value, sharing economy, Silicon Valley, Snapchat, Steve Jobs, stock buybacks, TED Talk, The Chicago School, The Theory of the Leisure Class by Thorstein Veblen, Thomas L Friedman, Thorstein Veblen, Tim Cook: Apple, Uber and Lyft, uber lyft, universal basic income, urban renewal, Wayback Machine, WeWork, white picket fence, working poor, workplace surveillance , Y Combinator, young professional, zero-sum game

Starting with the economic meltdown and continuing through the recovery, the number of Americans working for contract agencies rose to sixteen million—a faster rate of growth than that of overall employment. Such statistics make clear what reported labor numbers do not: that the economic recovery brought a dramatic rise in temporary contracts (at an average duration of about three months) as well as a growth in independent contractors tied to labor platforms like Uber and Lyft. The pay for these “alternative” gigs typically averages about $17 an hour, compared with the US average of $24.57 an hour. Often they are part time, occasional, or seasonal. In Irving, contract employees working at Amazon received about $8 an hour, minus a portion retained by the employment agency for transportation and check-cashing fees.

In late 2017, announcing the opening of a new institute for the study of robotics and artificial intelligence, the United Nations sketched out the problem: “Rapid advancements in the field of robotics coupled with the rise of computing power during the latter half of the twentieth century has exponentially increased the range of tasks that can be assigned to robots and systems based on an artificial intelligence (AI), as well as the autonomy with which such technologies operate. While this can be beneficial for global development and societal change…it also raises legal, ethical and societal concerns and challenges.” Indeed, in an era of Uber, freelance app designers, and online brokers that outsource tasks to the lowest bidder, it has become hard to pin down what it even means to be “employed.” We’re reassured that technology that destroys old opportunities will be applied to create new opportunities for more than a favored few, but the question is, how?

Under this logic, technology will not displace us but set us free to do less dangerous, more challenging things, essentially the very things that make humans human. For example, in 2016, the National Highway Traffic Safety Administration officially recognized “software” as a driver of self-driving cars, thereby putting the nation’s 4.1 million paid motor-vehicle operators—drivers of taxis, trucks, buses, and Uber—on notice. But under the rubric of competitive advantage, this will not simply unemploy people but free them to fill new roles—for example, to invent new sorts of engines or design new sorts of fenders or tackle other challenges better suited to uniquely human capabilities. The problem with this argument is that in recent years most experts have come to believe it’s built on a false premise—namely, that humans will have a real advantage in undertaking most tasks.


pages: 598 words: 134,339

Data and Goliath: The Hidden Battles to Collect Your Data and Control Your World by Bruce Schneier

23andMe, Airbnb, airport security, AltaVista, Anne Wojcicki, AOL-Time Warner, augmented reality, behavioural economics, Benjamin Mako Hill, Black Swan, Boris Johnson, Brewster Kahle, Brian Krebs, call centre, Cass Sunstein, Chelsea Manning, citizen journalism, Citizen Lab, cloud computing, congestion charging, data science, digital rights, disintermediation, drone strike, Eben Moglen, Edward Snowden, end-to-end encryption, Evgeny Morozov, experimental subject, failed state, fault tolerance, Ferguson, Missouri, Filter Bubble, Firefox, friendly fire, Google Chrome, Google Glasses, heat death of the universe, hindsight bias, informal economy, information security, Internet Archive, Internet of things, Jacob Appelbaum, James Bridle, Jaron Lanier, John Gilmore, John Markoff, Julian Assange, Kevin Kelly, Laura Poitras, license plate recognition, lifelogging, linked data, Lyft, Mark Zuckerberg, moral panic, Nash equilibrium, Nate Silver, national security letter, Network effects, Occupy movement, operational security, Panopticon Jeremy Bentham, payday loans, pre–internet, price discrimination, profit motive, race to the bottom, RAND corporation, real-name policy, recommendation engine, RFID, Ross Ulbricht, satellite internet, self-driving car, Shoshana Zuboff, Silicon Valley, Skype, smart cities, smart grid, Snapchat, social graph, software as a service, South China Sea, sparse data, stealth mode startup, Steven Levy, Stuxnet, TaskRabbit, technological determinism, telemarketer, Tim Cook: Apple, transaction costs, Uber and Lyft, uber lyft, undersea cable, unit 8200, urban planning, Wayback Machine, WikiLeaks, workplace surveillance , Yochai Benkler, yottabyte, zero day

We used to pay with coins at a tollbooth, subway turnstile, or parking meter. Now we use automatic payment systems, such as EZPass, that are connected to our license plate number and credit card. Taxis used to be cash-only. Then we started paying by credit card. Now we’re using our smartphones to access networked taxi systems like Uber and Lyft, which produce data records of the transaction, plus our pickup and drop-off locations. With a few specific exceptions, computers are now everywhere we engage in commerce and most places we engage with our friends. Last year, when my refrigerator broke, the serviceman replaced the computer that controls it.

report on big data concluded: US Executive Office of the President (1 May 2014), “Big data: Seizing opportunities, preserving values,” http://www.whitehouse.gov/sites/default/files/docs/big_data_privacy_report_may_1_2014.pdf. Uber’s surge pricing: Uber had to modify its pricing so as not to run afoul of New York State’s prohibitions against price-gouging during emergencies. Mike Isaac (8 Jul 2014), “Uber reaches deal with New York on surge pricing in emergencies,” New York Times, http://bits.blogs.nytimes.com/2014/07/08/uber-reaches-agreement-with-n-y-on-surge-pricing-during-emergencies. Peter Himler (12 Aug 2014), “UBER: So cool, yet so uncool,” Forbes, http://www.forbes.com/sites/peterhimler/2014/08/12/uber-so-cool-but-so-uncool. different prices and options: Jennifer Valentino-DeVries, Jeremy Singer-Vine, and Ashkan Soltani (24 Dec 2012), “Websites vary prices, deals based on users’ information,” Wall Street Journal, http://online.wsj.com/news/articles/SB10001424127887323777204578189391813881534.

All this location tracking is based on the cellular system. There’s another entirely different and more accurate location system built into your smartphone: GPS. This is what provides location data to the various apps running on your phone. Some apps use location data to deliver service: Google Maps, Uber, Yelp. Others, like Angry Birds, just want to be able to collect and sell it. You can do this, too. HelloSpy is an app that you can surreptitiously install on someone else’s smartphone to track her. Perfect for an anxious mom wanting to spy on her teenager—or an abusive man wanting to spy on his wife or girlfriend.


pages: 416 words: 129,308

The One Device: The Secret History of the iPhone by Brian Merchant

Airbnb, animal electricity, Apollo Guidance Computer, Apple II, Apple's 1984 Super Bowl advert, Black Lives Matter, Charles Babbage, citizen journalism, Citizen Lab, Claude Shannon: information theory, computer vision, Computing Machinery and Intelligence, conceptual framework, cotton gin, deep learning, DeepMind, Douglas Engelbart, Dynabook, Edward Snowden, Elon Musk, Ford paid five dollars a day, Frank Gehry, gigafactory, global supply chain, Google Earth, Google Hangouts, Higgs boson, Huaqiangbei: the electronics market of Shenzhen, China, information security, Internet of things, Jacquard loom, John Gruber, John Markoff, Jony Ive, Large Hadron Collider, Lyft, M-Pesa, MITM: man-in-the-middle, more computing power than Apollo, Mother of all demos, natural language processing, new economy, New Journalism, Norbert Wiener, offshore financial centre, oil shock, pattern recognition, peak oil, pirate software, profit motive, QWERTY keyboard, reality distortion field, ride hailing / ride sharing, rolodex, Shenzhen special economic zone , Silicon Valley, Silicon Valley startup, skeuomorphism, skunkworks, Skype, Snapchat, special economic zone, speech recognition, stealth mode startup, Stephen Hawking, Steve Ballmer, Steve Jobs, Steve Wozniak, Steven Levy, TED Talk, Tim Cook: Apple, Tony Fadell, TSMC, Turing test, uber lyft, Upton Sinclair, Vannevar Bush, zero day

After years of attending these product-launch events, Spoonauer is still glad to get the email invite from Apple (the Event is invitation only). “There’s still excitement about being here,” he says. “It’s not just about the product; it’s about the atmosphere.” The lights go down, and a video rolls. It shows Tim Cook calling a Lyft for a ride to the Apple Event—the very event we are waiting for him to show up at—only to find that the car is being driven by James Cordon of Carpool Karaoke, who is then joined by Usher for some reason. They all sing “Sweet Home Alabama” together, and the flesh-and-blood Cook runs out onstage. He makes some announcements, and then invites Shigeru Miyamoto, the legendary founder of Nintendo, up to the stage to announce the company’s first foray into iPhone games, Mario Run.

But [the volvelle] is certainly an old-school app.” The point is that people have been using tools to simplify and wield data and coordinate solutions for centuries. Take Uber: the ride-hailing app’s major innovation is its ability to efficiently pair a rider with a driver. The app reads the fluid data set of the number of available drivers in an area, taken by their GPS signals, and cross-references it with the number of desiring riders. Where those data sets intersect is where you and the driver meet for your ride. Uber is a GPS-and-Google-Maps-powered, for-profit volvelle. “I think it’s worth remembering that even as we develop new technology, we’ve developed many similar technologies in different forms throughout human history.

But smartphones took over the world quietly and completely in a matter of years, and we barely noticed. We went from having a computer in the household or at work to carrying one everywhere, along with internet access, live chat rooms, interactive maps, a solid camera, Google, streaming video, a near-infinite selection of games, Instagram, Uber, Twitter, and Facebook—platforms that reorganized how we communicate, earn, recreate, love, live, and more—in about the time span of two presidential terms. We is the U.S. population, in which smartphone ownership rose from about 10 percent in 2007 to 80 percent in 2016. That transformation has turned the iPhone into the biggest star of the consumer-electronics world since—scratch that; it’s the star of the entire retail world.


pages: 588 words: 131,025

The Patient Will See You Now: The Future of Medicine Is in Your Hands by Eric Topol

23andMe, 3D printing, Affordable Care Act / Obamacare, Anne Wojcicki, Atul Gawande, augmented reality, Big Tech, bioinformatics, call centre, Clayton Christensen, clean water, cloud computing, commoditize, computer vision, conceptual framework, connected car, correlation does not imply causation, creative destruction, crowdsourcing, dark matter, data acquisition, data science, deep learning, digital divide, disintermediation, disruptive innovation, don't be evil, driverless car, Edward Snowden, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, Firefox, gamification, global village, Google Glasses, Google X / Alphabet X, Ignaz Semmelweis: hand washing, information asymmetry, interchangeable parts, Internet of things, Isaac Newton, it's over 9,000, job automation, Julian Assange, Kevin Kelly, license plate recognition, lifelogging, Lyft, Mark Zuckerberg, Marshall McLuhan, meta-analysis, microbiome, Nate Silver, natural language processing, Network effects, Nicholas Carr, obamacare, pattern recognition, personalized medicine, phenotype, placebo effect, quantum cryptography, RAND corporation, randomized controlled trial, Salesforce, Second Machine Age, self-driving car, Silicon Valley, Skype, smart cities, Smart Cities: Big Data, Civic Hackers, and the Quest for a New Utopia, Snapchat, social graph, speech recognition, stealth mode startup, Steve Jobs, synthetic biology, the scientific method, The Signal and the Noise by Nate Silver, The Wealth of Nations by Adam Smith, traumatic brain injury, Turing test, Uber for X, uber lyft, Watson beat the top human players on Jeopardy!, WikiLeaks, X Prize

But there is 24/7 availability, wait time is zero, and it’s as simple as tapping your smartphone to get connected with a physician.51,84a In some ways it can be likened to Uber as we get used to on-demand service via our smartphones. Indeed, two companies have now launched the real equivalent to Uber for medical house calls. In select cities, Medicast and Pager offer doctors on demand on a 24/7 basis. It’s just like summoning a car via Uber or Lyft, but instead of seeing information about the driver and car on your smartphone screen, you see the doctor’s picture, his or her profile, and the length of time it will take him or her to be at your house. It’s no surprise that these companies are so similar to Uber—Pager was started by one of Uber’s co-founders.84b There has also been the emergence of health visit kiosks.

Dolan, “Mayo Clinic–Backed Better Launches Personal Health Assistant Service,” MobiHealthNews, April 16, 2014, http://mobihealthnews.com/32130/mayo-clinic-backed-better-launches-personal-health-assistant-service/. 84a. G. Pittman, “Virtual Visits to Doctor May Be Cheaper Than and as Effective as In-Person Visits,” Washington Post, January 18, 2013, http://www.washingtonpost.com/national/health-science/virtual-visits%C9n-visits/2013/01/18/8237c028-601e-11e2-a389-ee565c81c565_print.html. 84b. C. Schmidt, “Uber-Inspired Apps Bring a Doctor Right to Your Door,” CNN, July 31, 2014, http://www.cnn.com/2014/07/31/health/doctor-house-call-app/. 85. L. H. Schwamm, “Telehealth: Seven Strategies to Successfully Implement Disruptive Technology and Transform Healthcare,” Health Affairs 33, no. 2 (2014): 200–206. 86a H.


pages: 497 words: 123,778

The People vs. Democracy: Why Our Freedom Is in Danger and How to Save It by Yascha Mounk

Abraham Maslow, affirmative action, Affordable Care Act / Obamacare, An Inconvenient Truth, Andrew Keen, basic income, battle of ideas, Black Lives Matter, Boris Johnson, Branko Milanovic, Bretton Woods, business cycle, Capital in the Twenty-First Century by Thomas Piketty, carried interest, Cass Sunstein, central bank independence, centre right, classic study, clean water, cognitive bias, conceptual framework, critical race theory, David Brooks, deindustrialization, demographic transition, desegregation, disinformation, Donald Trump, en.wikipedia.org, Evgeny Morozov, fake news, Francis Fukuyama: the end of history, gentrification, German hyperinflation, gig economy, Gini coefficient, Herbert Marcuse, Home mortgage interest deduction, housing crisis, income inequality, invention of the printing press, invention of the steam engine, investor state dispute settlement, Jeremy Corbyn, job automation, Joseph Schumpeter, land value tax, low skilled workers, Lyft, manufacturing employment, Mark Zuckerberg, mass immigration, microaggression, mortgage tax deduction, Naomi Klein, new economy, offshore financial centre, open borders, Parag Khanna, plutocrats, post-materialism, price stability, ride hailing / ride sharing, rising living standards, Ronald Reagan, Rosa Parks, Rutger Bregman, secular stagnation, sharing economy, Steve Bannon, Thomas L Friedman, Tyler Cowen, Tyler Cowen: Great Stagnation, Uber and Lyft, uber lyft, universal basic income, upwardly mobile, World Values Survey, zero-sum game

For a good overview, see Valerio De Stefano, “The Rise of the ‘Just-in-Time Workforce’: On-Demand Work, Crowdwork, and Labor Protection in the ‘Gig-Economy,’” Comparative Labor Law and Policy Journal 37, no. 3 (2016): 471–503. Note that even robust political approaches to the regulation of the gig economy, like a recent speech by Senator Elizabeth Warren that was widely portrayed as hostile to Uber and Lyft, seek to regulate rather than to fight these new industries. Elizabeth Warren, “Strengthening the Basic Bargain for Workers in the Modern Economy,” Remarks, New American Annual Conference, May 19, 2016, https://www.warren.senate.gov/files/documents/2016-5-19_Warren_New_America_Remarks.pdf. 9.

There is, as yet, barely any thinking on this topic, especially as it relates to the millions of new jobs that are already being created in the sharing economy. Take the example of Uber. It seems relatively clear that governments should neither forbid the service, as some countries in Europe are proposing, nor allow it to circumnavigate key protections for their workforce, as most parts of the United States have effectively done. Rather, they should steer a forward-looking middle course—celebrating the huge increase in convenience and efficiency that ride-sharing offers while passing new regulations which ensure that drivers earn a living wage.65 But even if policymakers get that mix right, it seems unlikely that Uber drivers will ever derive the sense of identity and meaning from their work that factory workers once did.

Manufacturing jobs saw thousands of workers converge on the factory gates at the same time every day to commence their shifts. Traditional offices allowed for repeated social interaction in teams and at meetings, in the breakroom and at the water cooler. Even cab drivers met their peers when they picked up their cars at the garage, and spent the whole day interacting with the same dispatcher. Uber drivers, by contrast, gain no in-built community from their work: while the app’s rating system encourages a stream of pleasant one-off interactions, there is no lasting connection to other human beings. Since the old practices that embedded workers in a community, and thereby helped lend meaning to their jobs, are rapidly eroding, a new sense of pride in a very different kind of mass employment is desperately needed.


pages: 490 words: 153,455

Work Won't Love You Back: How Devotion to Our Jobs Keeps Us Exploited, Exhausted, and Alone by Sarah Jaffe

Ada Lovelace, air traffic controllers' union, Amazon Mechanical Turk, antiwork, barriers to entry, basic income, Bernie Sanders, Big Tech, big-box store, Black Lives Matter, blue-collar work, Boris Johnson, call centre, capitalist realism, Charles Babbage, collective bargaining, coronavirus, COVID-19, deindustrialization, delayed gratification, dematerialisation, desegregation, deskilling, do what you love, Donald Trump, Elon Musk, emotional labour, feminist movement, Ferguson, Missouri, financial independence, Frederick Winslow Taylor, fulfillment center, future of work, gamification, gender pay gap, gentrification, George Floyd, gig economy, global pandemic, Grace Hopper, green new deal, hiring and firing, illegal immigration, immigration reform, informal economy, job automation, job satisfaction, job-hopping, knowledge economy, knowledge worker, late capitalism, lockdown, lone genius, Lyft, Mark Zuckerberg, market fundamentalism, mass incarceration, means of production, mini-job, minimum wage unemployment, move fast and break things, Naomi Klein, new economy, oil shock, Peter Thiel, post-Fordism, post-work, precariat, profit motive, Rana Plaza, Richard Florida, Ronald Reagan, Rosa Parks, school choice, Silicon Valley, social distancing, Steve Jobs, TaskRabbit, tech billionaire, tech worker, traumatic brain injury, uber lyft, union organizing, universal basic income, unpaid internship, W. E. B. Du Bois, wages for housework, War on Poverty, WeWork, women in the workforce, work culture , workplace surveillance , Works Progress Administration

Even if I have kids of my own, still every time you see a child, a baby, growing and learning how to walk, or saying their first word, it still makes you feel so happy and fulfilled just to see the progress.” Seally’s commitment was tested when the coronavirus pandemic came to New York. “I chose to become a live-in. I was thinking that it would be safer staying over for the week instead of taking public transportation or doing Uber or Lyft.” She began spending Monday through Friday at her employers’ home with their children; her employers pick her up Monday morning and drop her off Friday so she doesn’t have to take public transit. Her employers have mostly been working at home during the pandemic, so Seally’s job is to keep the children occupied during the day.

We can see that process happening now, as workers who might have assumed themselves middle-class start to understand that their relationship to power means they’re still workers. The video-game programmer might have more in common with the Uber driver than she previously thought. 45 If the working class, broadly, consists of people who, when they go to work, are not the boss , who have little individual power to set the terms of their labor—even if, like an Uber driver or a freelance journalist, there’s no one peering over their shoulder each moment—that is a huge swath of society. 46 Today’s working class is more diverse in race and gender than our image of the hard-hatted worker of the recent past, or even the “he” of Thompson’s framing.

The games have titles like “PicksInSpace” and “Dragon Duel,” and the employees can play alone or against one another—the latter bit designed to up the competition factor and perhaps encourage faster picking. One gamification expert explained that the games might “give a bump to workers’ happiness,” but can also be used to ratchet up productivity goals: “It’s like boiling a frog. It may be imperceptible to the user.” Uber has used gamification as well; so have call centers. And it’s being applied both in learn-to-code contexts and in the actual workplaces of software developers. Turn work into a game! What could be more fun? The problem, as artist and author Molly Crabapple acidly predicted years ago, is that “the prize is what used to be called your salary.” 34 The gamifiers are on to something—people hate drudgery, and no one expects to enjoy packing boxes or lifting them for an eight- or ten-hour shift.


pages: 521 words: 118,183

The Wires of War: Technology and the Global Struggle for Power by Jacob Helberg

"World Economic Forum" Davos, 2021 United States Capitol attack, A Declaration of the Independence of Cyberspace, active measures, Affordable Care Act / Obamacare, air gap, Airbnb, algorithmic management, augmented reality, autonomous vehicles, Berlin Wall, Bernie Sanders, Big Tech, bike sharing, Black Lives Matter, blockchain, Boris Johnson, Brexit referendum, cable laying ship, call centre, Cambridge Analytica, Cass Sunstein, cloud computing, coronavirus, COVID-19, creative destruction, crisis actor, data is the new oil, data science, decentralized internet, deep learning, deepfake, deglobalization, deindustrialization, Deng Xiaoping, deplatforming, digital nomad, disinformation, don't be evil, Donald Trump, dual-use technology, Edward Snowden, Elon Musk, en.wikipedia.org, end-to-end encryption, fail fast, fake news, Filter Bubble, Francis Fukuyama: the end of history, geopolitical risk, glass ceiling, global pandemic, global supply chain, Google bus, Google Chrome, GPT-3, green new deal, information security, Internet of things, Jeff Bezos, Jeffrey Epstein, John Markoff, John Perry Barlow, knowledge economy, Larry Ellison, lockdown, Loma Prieta earthquake, low earth orbit, low skilled workers, Lyft, manufacturing employment, Marc Andreessen, Mark Zuckerberg, Mary Meeker, Mikhail Gorbachev, military-industrial complex, Mohammed Bouazizi, move fast and break things, Nate Silver, natural language processing, Network effects, new economy, one-China policy, open economy, OpenAI, Parler "social media", Peter Thiel, QAnon, QR code, race to the bottom, Ralph Nader, RAND corporation, reshoring, ride hailing / ride sharing, Ronald Reagan, Russian election interference, Salesforce, Sam Altman, satellite internet, self-driving car, Sheryl Sandberg, side project, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, Skype, smart grid, SoftBank, Solyndra, South China Sea, SpaceX Starlink, Steve Jobs, Steven Levy, Stuxnet, supply-chain attack, Susan Wojcicki, tech worker, techlash, technoutopianism, TikTok, Tim Cook: Apple, trade route, TSMC, Twitter Arab Spring, uber lyft, undersea cable, Unsafe at Any Speed, Valery Gerasimov, vertical integration, Wargames Reagan, Westphalian system, white picket fence, WikiLeaks, Y Combinator, zero-sum game

It reminded me of my upbringing and my family’s history, my paternal grandparents springing back to a joyful life through years of toil after surviving the horrors and humiliations of the Holocaust and my maternal grandfather risking his life to fight in the French Resistance. Keith had his fingerprints on some of the most prominent companies in the Valley—including PayPal, Square, YouTube, Airbnb, Lyft, and LinkedIn20—and growing closer to him meant becoming more firmly embedded in that culture. I came to know some of tech’s most original thinkers. Often controversial, always unconventional, Keith and his circles confirmed for me that the Bay was indeed home to the ideals that had called out to me growing up in Europe.

In 2010, Time magazine named Facebook founder and CEO Mark Zuckerberg its Person of the Year.7 A couple of years later, the cover of Forbes featured Twitter and Square founder Jack Dorsey under the headline “America’s Best Entrepreneurs.”8 When I arrived in the Bay in the summer of 2014, Airbnb, which had started six years earlier as an air mattress in its founders’ San Francisco living room, had recently closed a $475 million funding round.9 Uber had just launched Uber Pool.10 Within a year, Fitbit had IPOed.11 Palantir, the data analytics company, was valued at $20 billion.12 The term “unicorn” had originally been coined to describe the rarity of billion-dollar start-ups; by mid-2015, there were over 130 unicorns.13 By the middle of the decade, 62 percent of adult Americans were on Zuckerberg’s Facebook.14 Sleek Apple Watches started appearing on the wrists of the well connected, and Amazon Echos began dotting living rooms around the United States.

sh=7c5a86af9857. 9 Harrison Weber, “Airbnb officially closes its $475 million megaround,” VentureBeat, August 1, 2014, https://venturebeat.com/2014/08/01/airbnb-officially-closes-its-475-million-mega-round/. 10 Josh Ong, “Uber announces UberPool, a carpooling experiment with 40% lower prices than UberX,” The Next Web News, August 6, 2014, https://thenextweb.com/insider/2014/08/06/uber-announces-uberpool-carpooling-experiment-40-lower-prices-uberx/. 11 Ananya Bhattacharya, “Fitbit is now worth $4.1 billion after IPO,” CNN Money, June 25, 2015, https://money.cnn.com/2015/06/17/investing/fitbit-ipo/index.html. 12 Quentin Hardy, “Palantir, a Silicon Valley Start-Up, Raises Another $880 Million,” New York Times Business, Innovation, Technology, Society, December 23, 2015, https://bits.blogs.nytimes.com/2015/12/23/palantir-a-silicon-valley-start-up-raises-another-880-million/. 13 Katie Benner, “The ‘Unicorn’ Club, Now Admitting New Members,” New York Times, August 23, 2015, https://www.nytimes.com/2015/08/24/technology/the-unicorn-club-now-admitting-new-members.html. 14 Maeve Duggan, “Mobile Messaging and Social Media 2015,” Pew Research Center, August 19, 2015, https://www.pewresearch.org/internet/2015/08/19/mobile-messaging-and-social-media-2015/. 15 Jonathan Allen and Amie Parnes, HRC: State Secrets and the Rebirth of Hillary Clinton (New York: Random House, 2014). 16 Veronica Toney, “Complete guest list for the state dinner in honor of Chinese President Xi Jinping,” Washington Post, September 25, 2015, https://www.washingtonpost.com/news/reliable-source/wp/2015/09/25/complete-guest-list-for-the-state-dinner-in-honor-of-chinese-president-xi-jinping/. 17 Robinson Meyer, “The Secret Startup That Saved the Worst Website in America,” The Atlantic, July 9, 2015, https://www.theatlantic.com/technology/archive/2015/07/the-secret-startup-saved-healthcare-gov-the-worst-website-in-america/397784/. 18 David Dayen, “The Android Administration,” The Intercept, April 22, 2016, https://theintercept.com/2016/04/22/googles-remarkably-close-relationship-with-the-obama-white-house-in-two-charts/; Brody Mullins, “Google Makes Most of Close Ties to White House,” Wall Street Journal, March 24, 2015, https://www.wsj.com/articles/google-makes-most-of-close-ties-to-white-house-1427242076. 19 Andrew Orlowski, “Revealed: The revolving door between Google and the US govt—in pictures,” The Register, April 29, 2016, https://www.theregister.com/2016/04/29/google_transparency_project/; “Our Offices,” Google, https://about.google/intl/en_us/locations/?


pages: 1,006 words: 243,928

Lonely Planet Washington, Oregon & the Pacific Northwest by Lonely Planet

Airbnb, big-box store, bike sharing, Boeing 747, British Empire, Burning Man, butterfly effect, car-free, carbon footprint, Chuck Templeton: OpenTable:, Day of the Dead, Frank Gehry, G4S, gentrification, glass ceiling, housing crisis, indoor plumbing, intermodal, Kickstarter, Lyft, Murano, Venice glass, New Urbanism, remote working, restrictive zoning, ride hailing / ride sharing, Tacoma Narrows Bridge, trade route, Uber and Lyft, uber lyft, urban decay, urban planning, urban sprawl, V2 rocket, Works Progress Administration, Zipcar

The Empire Builder travels to Chicago, the Cascades goes to Vancouver, BC, and the Coast Starlight runs between Seattle and Los Angeles, CA. 8Getting Around TO/FROM THE AIRPORT The MAX light-rail Red line takes about 40 minutes to get from the airport to downtown Portland (adult/child $2.50/1.25). Trains arrive approximately every 15 minutes. Taxis charge around $35 to $40 (not including tip) from the airport to downtown. For app-based ride-share service with Uber, Lyft and Wingz, there is a dedicated pick-up zone on the airport’s lower level. Walk outside toward island two, where you’ll find pick-up lines separated by company. With Uber and Lyft, you’ll receive a PIN number in the app upon requesting a ride. When it’s your turn in line, show this PIN to the next available driver, who will enter it into their system and pull up your destination information.

Halibut, Seattle | MICHAEL HANSON/GETTY IMAGES © Farm-to-Table Dining Willows Inn Prix fixe, seasonal, very local, very fresh menu on Lummi Island, Washington. New Sammy’s Cowboy Bistro Fresh and creative trump trendy at this roadside Oregon gem. Sitka & Spruce Seattle’s beloved small plates offer minimalist, uber-fresh fine dining. Bishop’s Expect a seasonal changing menu in Vancouver, BC. Persephone Brewing Company Plot twist: farm to brew. This place grows its own hops. VEGETARIANS, VEGANS & SPECIAL DIETS More than in any other part of the country, vegetarians and vegans will discover plenty of food made just for them.

Whistler, Squamish and Nelson are famous for their diverse, world-class mountain trails, while North Vancouver, Sun Peaks and the Sunshine Coast have extensive trail systems. Skiing & Snowboarding A legion of mountainsides dusted with prime powder translates into top-drawer skiing and snowboarding in the Northwest. Add a down-to-earth, casual and family-friendly regional vibe – without the pretensions of many uber-fancy resorts (except for perhaps Whistler) – and you’re sure to have a great, laid-back time on the slopes. The peak season runs from about December to March, with shoulder seasons offering fewer crowds and the possibility of discount tickets. On Mt Hood you can ski any month of the year; it’s the only resort in the US that offers year-round skiing (though it’s closed for maintenance for two weeks around Labor Day in September).


pages: 426 words: 136,925

Fulfillment: Winning and Losing in One-Click America by Alec MacGillis

"RICO laws" OR "Racketeer Influenced and Corrupt Organizations", Airbnb, Amazon Web Services, Bernie Sanders, Big Tech, Black Lives Matter, call centre, carried interest, cloud computing, cognitive dissonance, company town, coronavirus, COVID-19, data science, death of newspapers, deindustrialization, Donald Trump, edge city, fulfillment center, future of work, gentrification, George Floyd, Glass-Steagall Act, global pandemic, Great Leap Forward, high net worth, housing crisis, Ida Tarbell, income inequality, information asymmetry, Jeff Bezos, Jeffrey Epstein, Jessica Bruder, jitney, Kiva Systems, lockdown, Lyft, mass incarceration, McMansion, megaproject, microapartment, military-industrial complex, new economy, Nomadland, offshore financial centre, Oklahoma City bombing, opioid epidemic / opioid crisis, plutocrats, Ralph Nader, rent control, Richard Florida, ride hailing / ride sharing, Robert Mercer, Ronald Reagan, San Francisco homelessness, shareholder value, Silicon Valley, social distancing, strikebreaker, tech worker, Travis Kalanick, uber lyft, uranium enrichment, War on Poverty, warehouse robotics, white flight, winner-take-all economy, women in the workforce, working-age population, Works Progress Administration

It evoked another era when the country had been at war, truly at war, and had managed in a short period of time to build in this very place more than one hundred ships—navy fleet oilers, attack transports, ore carriers—and produce the armor plate and gun forgings for countless more. Now, seven decades later, the country was struggling to rebuild its supply chains to muster enough protective equipment for its health workers. A man was standing outside the hiring office run by Integrity, the human-resources contractor, waiting for his Lyft ride home after coming to file a job application. He was thirty-three years old, and he was applying for the first regular job of his life. He had spent most of his adulthood making a good livelihood from selling heroin and fentanyl near Lexington Market on the west side of Baltimore’s downtown, but that had gotten harder during the pandemic: with stores closed, his usual customers couldn’t steal things to sell to support their habit.

* * * By late April, several months into the pandemic, the allowance of unpaid time off was about to expire, which meant Shayla Melton’s husband was going to have to go back if he wanted to keep the job. Her decision was coming due, too. She had recently started driving for Uber and was considering sticking with that instead of Amazon. It seemed easier to control her exposure to the coronavirus there, with the windows open and constant sanitizing of her car, than in the high-pressure whirlwind of the warehouse. “I’m not sure I want to go back,” she said. “At least with Uber, I feel a little more at ease.” Melton and her family lived just outside Baltimore, in another of the many housing complexes in the area owned by Jared Kushner’s family real estate company, only a mile and a half from the one where the delivery van had killed the seven-year-old girl.

An Obama administration official could cast his or her jump to Silicon Valley as a step into the future, toward hip enlightenment, in contrast to a colleague’s blatant cashing in on Wall Street. Thus the steady stream began. David Plouffe, whose tactical brilliance had helped Obama win in 2008, headed to Uber. Lisa Jackson, Obama’s EPA director, headed to Apple. And in February 2015, less than a year after leaving the White House, Jay Carney joined Amazon. * * * The house was purchased on October 21, 2016, for $23 million in cash, the highest recorded sale price in Washington. It actually consisted of two adjacent houses, designed in the early 1900s by separate architects, one of them John Russell Pope, who also designed the Jefferson Memorial.


pages: 344 words: 94,332

The 100-Year Life: Living and Working in an Age of Longevity by Lynda Gratton, Andrew Scott

"World Economic Forum" Davos, 3D printing, Airbnb, asset light, assortative mating, behavioural economics, carbon footprint, carbon tax, classic study, Clayton Christensen, collapse of Lehman Brothers, creative destruction, crowdsourcing, deep learning, delayed gratification, disruptive innovation, diversification, Downton Abbey, driverless car, Erik Brynjolfsson, falling living standards, financial engineering, financial independence, first square of the chessboard, first square of the chessboard / second half of the chessboard, future of work, gender pay gap, gig economy, Google Glasses, indoor plumbing, information retrieval, intangible asset, Isaac Newton, job satisfaction, longitudinal study, low skilled workers, Lyft, Nelson Mandela, Network effects, New Economic Geography, old age dependency ratio, pattern recognition, pension reform, Peter Thiel, Ray Kurzweil, Richard Florida, Richard Thaler, risk free rate, Second Machine Age, sharing economy, Sheryl Sandberg, side project, Silicon Valley, smart cities, Stanford marshmallow experiment, Stephen Hawking, Steve Jobs, tacit knowledge, The Future of Employment, uber lyft, warehouse robotics, women in the workforce, young professional

So during these periods, financing is always going to be tricky. That is why developments in the technologies of the sharing economy are so interesting.19 The sharing economy is a great way of enabling people to remain asset-light or to bring income in to finance their asset accumulation. Sharing platforms such as Airbnb, Simplest, Lyft or even Dogvacay are all examples of an emerging economy where people share capacity of assets that they may have purchased or created. So not only is it possible to put off making big financial decisions, it is also possible to reduce the exposure to these financial decisions. Buying a house or a car is expensive, as it involves purchasing a capital stock and making a financial commitment.

These platforms will become more significant as large corporations increasingly look to small groups or individuals for their insight and innovation, and small groups look to connect with each other to build scale and reach. Corporations will engage interested individuals and teams with prizes, partner with them for a specific project, or buy them – much as Uber bought the robotics team from Carnegie Mellon. Similar to the gig economy, the sharing economy as a commercial entity provides the promise of a flexible source of income. Through renting out spare room capacity with Airbnb, the most high-profile example, individuals can generate useful income. As well as providing a source of income, we expect these ecosystems will also help people better blend work, leisure and home.

As our discussion about leisure and the working week showed, governments will need to allow for a significant range of lifestyle and work-style choices, and simple characterizations of full-time and part-time will make little sense. This is already apparent in what has been called the ‘sharing economy’. The growth of sharing businesses, such as Uber and Airbnb, has already brought to the fore complex questions such as ‘What is an employee?’ and ‘Who is responsible for benefits such as healthcare and pensions?’ In the past, trade unions have spoken for the collective rights of their members. The profiles of these unions are only just emerging in the sharing economy and we can expect more battles as the rights of these flexible workers are contested in the courts.


pages: 326 words: 88,968

The Science and Technology of Growing Young: An Insider's Guide to the Breakthroughs That Will Dramatically Extend Our Lifespan . . . And What You Can Do Right Now by Sergey Young

23andMe, 3D printing, Albert Einstein, artificial general intelligence, augmented reality, basic income, Big Tech, bioinformatics, Biosphere 2, brain emulation, caloric restriction, caloric restriction, Charles Lindbergh, classic study, clean water, cloud computing, cognitive bias, computer vision, coronavirus, COVID-19, CRISPR, deep learning, digital twin, diversified portfolio, Doomsday Clock, double helix, Easter island, Elon Musk, en.wikipedia.org, epigenetics, European colonialism, game design, Gavin Belson, George Floyd, global pandemic, hockey-stick growth, impulse control, Internet of things, late capitalism, Law of Accelerating Returns, life extension, lockdown, Lyft, Mark Zuckerberg, meta-analysis, microbiome, microdosing, moral hazard, mouse model, natural language processing, personalized medicine, plant based meat, precision agriculture, radical life extension, Ralph Waldo Emerson, Ray Kurzweil, Richard Feynman, ride hailing / ride sharing, Ronald Reagan, self-driving car, seminal paper, Silicon Valley, stem cell, Steve Jobs, tech billionaire, TED Talk, uber lyft, ultra-processed food, universal basic income, Virgin Galactic, Vision Fund, X Prize

LifeSaver locks your screen while you are in motion so that you cannot fidget with your device. Heads-up displays like Navdy make it possible to view navigation and conduct other essential smartphone tasks without ever touching your phone. As for drinking, there’s no excuse anymore. If you must drink, use a ride-sharing app like Uber or Lyft, which studies show have reduced alcohol-related auto accidents by 25 to 35 percent since their launch.15 Consider using a blood alcohol concentration calculator app like MyLimit or even installing a smartphone breathalyzer like BacTrack. Soon, fully self-driving cars will drastically reduce road accidents.

If you have extremely low blood sugar (hypoglycemia), you will likely experience heart palpitations, fatigue, and unclear thinking. But sugar comes in many forms in most of the foods we eat. Unless you are diabetic or prediabetic, you are unlikely to have a problem with low blood sugar. For most of primate history there was no Uber Eats or Instacart—energy sources were scarce. A hunter-gatherer who was good at finding a patch of sweet berries or a naturally growing edible root upped his or her chance of survival considerably. But today, the American diet is absolutely loaded with sugar—in breakfast cereals, baked goods, sugary soft drinks, fast food, frozen vegetables, canned fruit, yogurt, salad dressing, and—honestly—pretty much every processed food you can imagine.


pages: 301 words: 90,276

Sunbelt Blues: The Failure of American Housing by Andrew Ross

8-hour work day, Airbnb, barriers to entry, Bernie Sanders, Big Tech, carbon footprint, Celebration, Florida, clean water, climate change refugee, company town, coronavirus, corporate raider, COVID-19, do what you love, Donald Trump, drive until you qualify, edge city, El Camino Real, emotional labour, financial innovation, fixed income, gentrification, gig economy, global supply chain, green new deal, Hernando de Soto, Home mortgage interest deduction, housing crisis, Housing First, housing justice, industrial cluster, informal economy, Jeff Bezos, land bank, late fees, lockdown, Lyft, megaproject, military-industrial complex, minimum wage unemployment, mortgage tax deduction, New Urbanism, open immigration, opioid epidemic / opioid crisis, Peter Calthorpe, pill mill, rent control, rent gap, rent stabilization, restrictive zoning, Richard Florida, San Francisco homelessness, sharing economy, Silicon Valley, smart cities, social distancing, starchitect, tech bro, the built environment, traffic fines, uber lyft, urban planning, urban renewal, urban sprawl, working poor

Cowed by the threats, the city council reversed its decision less than a month after putting the tax in place.33 Similar fights have been playing out elsewhere, with varying results. In San Francisco, a tax on big businesses to help fund homeless initiatives was opposed by several tech companies (including Lyft, Square, Stripe, and Twitter), but the proposition passed anyway in 2018. In Cupertino, on the other hand, Apple pushed back against a similar ordinance and won. While they fervently resist new taxes, the tech companies also avoid paying their fair share of existing ones, depriving local, state, and federal authorities of money they might use to address the housing crisis.

Other moteliers have retained ownership of their properties but turned over their bookings to corporate franchisers. The owners of the Sandpiper, desperate to upgrade its rooms and attract more tourists, entered into a contract—the first in Florida—with Oyo Hotels and Homes, the mammoth Indian hospitality chain. The company started out as a room aggregator, linking customers to hotel rooms much like Uber links passengers to drivers. Over time, as it built a brand, Oyo shifted to a franchise model; at its peak, just before the pandemic, it was the world’s second-largest hotel chain. In return for exclusive control over Sandpiper operations, including the all-important booking process, Oyo paid for a slapdash makeover of several rooms and pressure cleaning of the facade.

Johns River Strategies for a Sustainable Future subprime lending suburban poverty Sunbelt states Sunbridge supportive housing Syracuse, New York Tacoma, Washington Tallahassee, Florida Tampa Bay, Florida Tarpon Springs Taubman, Al Taylor, Keeanga-Yamahtta Tennessee Texas Theobald, Karl third sector housing See also housing Thunder Mountain “tiny homes” Tom Sawyer Island Torres, Hector tourism industry Tourist Development Tax Toys “R” Us TPG tract housing transitional housing/living trauma “Treatment First” Treaty of Moultrie Creek TripAdvisor Truffaut, François truly homeless Truman, Harry Truman’s Housing Act Trump, Donald Turner, John F. C. “28-day rule” Uber unemployment United Methodist Church United Nation (UN) International Covenant on Economic, Social and Cultural Rights United Way UNITE HERE Universal Studios University of Central Florida urban growth boundary (UGB) US Army US Army Corps of Engineers US Congress US Court of Appeals US Department of Housing and Urban Development (HUD) user-controlled housing See also housing US Middle District Court US Southeast Utah Vacasa vacation home rental (VHR) vacation homes Vancouver Veaudry, Karina Venezuela Venturi, Robert Victory Village Virginia Visit Orlando Vonk, Rembert VRBO W192 Development Authority Wall Street business of extraction private equity firms Wall Street Journal Walmart Walt Disney Company See also Disney World Waltrip, Mark Warnock, Rob Warren, Brianna, Melissa, and Randy Washington, Cole Washington, DC Washington, George Washington Post Wawa welfare housing See also housing West Coast Western Kentucky Westgate Vacation Villas West Palm Beach, Florida West Virginia Whyte, Don Witwatersrand Basin, South Africa Wodehouse, P.


pages: 343 words: 102,846

Trees on Mars: Our Obsession With the Future by Hal Niedzviecki

"World Economic Forum" Davos, Ada Lovelace, agricultural Revolution, Airbnb, Albert Einstein, Alvin Toffler, Amazon Robotics, anti-communist, big data - Walmart - Pop Tarts, big-box store, business intelligence, Charles Babbage, Colonization of Mars, computer age, crowdsourcing, data science, David Brooks, driverless car, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, Evgeny Morozov, Flynn Effect, Ford Model T, Future Shock, Google Glasses, hive mind, Howard Zinn, if you build it, they will come, income inequality, independent contractor, Internet of things, invention of movable type, Jaron Lanier, Jeff Bezos, job automation, John von Neumann, knowledge economy, Kodak vs Instagram, life extension, Lyft, Marc Andreessen, Marc Benioff, Mark Zuckerberg, Marshall McLuhan, Neil Armstrong, One Laptop per Child (OLPC), Peter H. Diamandis: Planetary Resources, Peter Thiel, Pierre-Simon Laplace, Ponzi scheme, precariat, prediction markets, Ralph Nader, randomized controlled trial, Ray Kurzweil, ride hailing / ride sharing, rising living standards, Robert Solow, Ronald Reagan, Salesforce, self-driving car, shareholder value, sharing economy, Silicon Valley, Silicon Valley startup, Skype, Steve Jobs, TaskRabbit, tech worker, technological singularity, technological solutionism, technoutopianism, Ted Kaczynski, TED Talk, Thomas L Friedman, Tyler Cowen, Uber and Lyft, uber lyft, Virgin Galactic, warehouse robotics, working poor

Think of the management software that Starbucks uses to decide who should work when in thousands of stores. Think of the ever-expanding category of hubs that connect people who want something done with people who are willing to do that job for them. These are task brokers like Fiverr and Taskrabbit, or driver-on-demand apps like Uber and Lyft—low-wage, task-based labor hubs that take a cut of every transaction but don’t take much, if any, responsibility for the estimated seventeen million or so Americans who work at least part time as “independent contributors.”81 These workers who race around walking dogs, hanging pictures, and giving rides to the airport don’t know what work at what wage they’ll have next day or next week.

Two and a half billion years ago, cyanobacteria, single-celled microbes—more plant than animal—frothing on the waves of the sea prospered under the hot sun, absorbing solar energy and oozing oxygen. Let there be life. God gave us light and the tiny micro-gods gave us atmosphere. The lesson? God—the über-human, the prototype that we have modeled ourselves after ever since, the main character of the best-known story we tell each other across the world—was an innovator. And God’s creatures, from the tiniest invisible planktons to pterodactyls taking flight, growing feathers, and eventually becoming the pigeons of today, were also innovators.

As innovation booster Virginia Postrel wrote glowingly in 1999, “The expansion of Wal-Mart throughout rural America, bringing nationally branded products, represents a relatively recent example of extensive progress, one widely denounced by reactionaries.”56 When we think of the constant quest for future perfect and what it looks like in the real world, we tend to think of sleek young twenty-somethings whose every need has already been happily anticipated. We tend to think of social media entrepreneur Dave Morin’s description of Silicon Valley’s urban playground San Francisco—“a place where we can go downstairs and get in an Uber and go to dinner at a place that I got a restaurant reservation for halfway there. And, if not, we could go to my place, and on the way there I could order takeout food from my favorite restaurant on Postmates, and a bike messenger will go and pick it up for me. We’ll watch it happen on the phone.”57 But maybe when we envision “progress” we should be picturing the cloistered aisles of the Walmart Supercenter where the real technological changes have affected billions of people—eliminating their jobs, supporting outsourcing to countries where it’s normal to have entire weeks when the smog is so thick you can’t see the sun, and all to give us shoppers slightly cheaper toasters and the Pop-Tarts to go with them.


We Are the Nerds: The Birth and Tumultuous Life of Reddit, the Internet's Culture Laboratory by Christine Lagorio-Chafkin

"Friedman doctrine" OR "shareholder theory", 4chan, Aaron Swartz, Airbnb, Amazon Web Services, Bernie Sanders, big-box store, bitcoin, blockchain, Brewster Kahle, Burning Man, compensation consultant, crowdsourcing, cryptocurrency, data science, David Heinemeier Hansson, digital rights, disinformation, Donald Trump, East Village, eternal september, fake news, game design, Golden Gate Park, growth hacking, Hacker News, hiring and firing, independent contractor, Internet Archive, Jacob Appelbaum, Jeff Bezos, jimmy wales, Joi Ito, Justin.tv, Kickstarter, Large Hadron Collider, Lean Startup, lolcat, Lyft, Marc Andreessen, Mark Zuckerberg, medical residency, minimum viable product, natural language processing, Palm Treo, Paul Buchheit, Paul Graham, paypal mafia, Peter Thiel, plutocrats, QR code, r/findbostonbombers, recommendation engine, RFID, rolodex, Ruby on Rails, Sam Altman, Sand Hill Road, Saturday Night Live, self-driving car, semantic web, Sheryl Sandberg, side project, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, slashdot, Snapchat, Social Justice Warrior, social web, South of Market, San Francisco, Startup school, Stephen Hawking, Steve Bannon, Steve Jobs, Steve Wozniak, Streisand effect, technoutopianism, uber lyft, Wayback Machine, web application, WeWork, WikiLeaks, Y Combinator

He had appeared on TV talk shows, including The Colbert Report, and had become a sought-after public speaker, taking gigs on stages in Beijing, Dublin, Paris, Singapore, and Rome. He told and retold Reddit’s story and evangelized for the free and open Internet. In his travels he was accompanied often by Elisabeth Garvin, a smiley blonde-haired woman in her early twenties, who acted as scheduler, friend, adviser, Lyft-booker, personal historian, photographer, and, sometimes, the world’s most petite and inoffensive bodyguard. Recently, Ohanian had begun trying to balance his globetrotting with focusing on his health: He’d been drinking more water, streamlining his diet, starting his days with a vegetable smoothie or the occasional Soylent (a meal replacement beloved in Silicon Valley).

Throughout the fall, Wong tried to eliminate some stressors in his life. He appealed to the board about them. One was the crazy-long commute, from Burlingame to South of Market in San Francisco, and parking there every day. Altman suggested that instead of spending hours a day in his Tesla, perhaps Wong should expense an Uber every time and be able to open up his laptop, get through emails, start chipping away at his day instead of having idle time. Wong couldn’t. His carsickness was too severe. Wong fixated on the logistics of his commute as the root of all of his problems. Reddit needed a new office; why not make the office come to him?

Her agent arranged that the pair go out to dinner, only it wasn’t precisely a date: They were chaperoned by both Williams’s assistant and agent. The next day, though, before her match, the pair snuck a little time by themselves. Ohanian picked her up and they set out on a midday date on their own. “We grabbed an Uber and just started driving. We saw a zoo, and I was like, we should get out here,” Ohanian said. They watched a leopard eat its lunch. They bought some candy. Williams recalled later that it wasn’t long before she “started to look at him in a different way—not just a guy who was super tall. He had this incredible personality and infectious smile and laugh.


pages: 329 words: 99,504

Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud by Ben McKenzie, Jacob Silverman

algorithmic trading, asset allocation, bank run, barriers to entry, Ben McKenzie, Bernie Madoff, Big Tech, bitcoin, Bitcoin "FTX", blockchain, capital controls, citizen journalism, cognitive dissonance, collateralized debt obligation, COVID-19, Credit Default Swap, credit default swaps / collateralized debt obligations, cross-border payments, cryptocurrency, data science, distributed ledger, Dogecoin, Donald Trump, effective altruism, Elon Musk, en.wikipedia.org, Ethereum, ethereum blockchain, experimental economics, financial deregulation, financial engineering, financial innovation, Flash crash, Glass-Steagall Act, high net worth, housing crisis, information asymmetry, initial coin offering, Jacob Silverman, Jane Street, low interest rates, Lyft, margin call, meme stock, money market fund, money: store of value / unit of account / medium of exchange, Network effects, offshore financial centre, operational security, payday loans, Peter Thiel, Ponzi scheme, Potemkin village, prediction markets, proprietary trading, pushing on a string, QR code, quantitative easing, race to the bottom, ransomware, regulatory arbitrage, reserve currency, risk tolerance, Robert Shiller, Robinhood: mobile stock trading app, Ross Ulbricht, Sam Bankman-Fried, Satoshi Nakamoto, Saturday Night Live, short selling, short squeeze, Silicon Valley, Skype, smart contracts, Steve Bannon, systems thinking, TikTok, too big to fail, transaction costs, tulip mania, uber lyft, underbanked, vertical integration, zero-sum game

They had both owned crypto, understood the operational intricacies of various blockchains, and originally believed in crypto’s promise of producing a censorship-resistant, privacy-respecting new form of currency. Ultimately though, both became disenchanted by the failures of the industry to live up to its initial promise as it descended into fraud, greed, and scams. The Lyft dropped me off in front of a recording studio in East Los Angeles. I felt the same tingling sensation of a first friend date that had come with meeting Jacob the previous summer. What would Cas be like in the flesh? Would he and Bennett look down on a new entrant to the crypto-skepticism beat? Maybe they’d see me, like some others did, as a celebrity dilettante chasing some kind of intellectual prestige or internet fame or whatever the hell it was that I was doing.

Eventually, I realized that I was maybe a decade too old to be doing what I was subjecting myself to and announced my exit. We all decided to use the opportunity to escape Charles. Jacob, who handled a lot of our communications, told our intelligence friends that we would surely talk to them soon. We bid the CIA bros a hasty farewell and ordered an Uber. ° ° ° The next morning, my head reeling from our night with the spooks, I stumbled out of bed and managed to make my way to the Austin Convention Center to meet Jacob and Ryan. The day before, when sober, we had made a loose plan to meet up before our panel later that afternoon, figuring we could fill time by conducting a few impromptu interviews with average crypto enthusiasts before the main event.

Kardashian also agreed “not to promote any crypto asset securities for three years.” It had taken a year, but at least there was some accountability. Getting arguably the most famous person in the world to acknowledge the impropriety of her role in a sleazy pump-and-dump scheme was certainly a PR coup for the agency, albeit with a fine attached that the uber-rich Kardashian could easily afford to pay. Still, it was important. In combating a false economic narrative, it is crucial to put forth an alternate true one, to reveal the hucksters and con men for who they really are. But Kardashian and her fellow celebs were, at least for the most part, not those fraudsters.


pages: 258 words: 74,942

Company of One: Why Staying Small Is the Next Big Thing for Business by Paul Jarvis

Abraham Maslow, Airbnb, big-box store, Boeing 747, Cal Newport, call centre, content marketing, corporate social responsibility, David Heinemeier Hansson, digital nomad, drop ship, effective altruism, Elon Musk, en.wikipedia.org, endowment effect, follow your passion, fulfillment center, gender pay gap, glass ceiling, growth hacking, Inbox Zero, independent contractor, index fund, job automation, Kickstarter, Lyft, Mark Zuckerberg, Naomi Klein, passive investing, Paul Graham, pets.com, remote work: asynchronous communication, remote working, Results Only Work Environment, ride hailing / ride sharing, Ruby on Rails, Salesforce, Sheryl Sandberg, side project, Silicon Valley, Skype, Snapchat, social bookmarking, software as a service, Steve Jobs, supply-chain management, TED Talk, Tim Cook: Apple, too big to fail, uber lyft, web application, William MacAskill, Y Combinator, Y2K

The idea wasn’t enough on its own to make the UFC business thrive; it needed the right execution (and the right people involved to manage the execution). At the core of many massive, profitable, global companies is an old idea executed exceptionally well. Facebook is just a better MySpace, and both are essentially digital meeting places. Taxis take people from point A to point B. Uber/Lyft just figured out how to make this service more convenient. None of these are billion-dollar ideas; rather, they’re billion-dollar executions of ideas. That’s why companies of one shouldn’t worry about sharing their ideas, as long as they’re taking care of execution and their ideas are not proprietary.


pages: 232 words: 78,701

I'm Judging You: The Do-Better Manual by Luvvie Ajayi

affirmative action, bitcoin, Black Lives Matter, Burning Man, butterfly effect, citizen journalism, clean water, colonial rule, crowdsourcing, fake news, feminist movement, gentrification, glass ceiling, Lyft, Mark Zuckerberg, microaggression, Skype, Snapchat, transatlantic slave trade, uber lyft, upwardly mobile

These shoes are really not meant for those of us who are ankle-deficient, because by the end of walking those raggedy streets in some boy’s size five wheat Timbs, and carrying that construction-boot weight with my ankles, I needed an Icy Hot patch. My lesson learned: wear thicker socks so your feet won’t slide around in your cute boots. Also, ask a New Yorker for exact distance because they play too much. You ask how far y’all are walking, and they say, “Around the corner.” Lies. I should have called Lyft. I hated wearing shorts because of my aforementioned sticks for legs. In summer, I’d be in jeans the entire time—rain, sleet, 100 degrees, it didn’t matter. At the beach, I’d wear long linen pants, and then when it was time to swim, I’d throw them off in a hurry and run into the water, all so people wouldn’t see my legs and have the chance to point them out.

Your boo, who is a gambling addict riding around town on a bike, got mad at you for not wanting to scoop his ass up because it was raining and he was stuck at the casino?” She huffed, “Basically,” and I realized that I need friends with higher self-esteem and better decision-making skills, because Jesus be some discernment to pick them better. Also, was Uber unavailable on that rainy night? Did public transportation go on strike? How do you get stranded at the gahtdamb casino, Jobless Jonah? Anywho, she didn’t pick him up and she didn’t hear from him for another week, and he was not returning her calls. Was Bicycle Bob that mad that she didn’t give him a ride?


pages: 241 words: 81,805

The Rise of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis by Tim Lee, Jamie Lee, Kevin Coldiron

active measures, Alan Greenspan, Asian financial crisis, asset-backed security, backtesting, bank run, Bear Stearns, Bernie Madoff, Bretton Woods, business cycle, capital asset pricing model, Capital in the Twenty-First Century by Thomas Piketty, collapse of Lehman Brothers, collateralized debt obligation, Credit Default Swap, credit default swaps / collateralized debt obligations, cryptocurrency, currency risk, debt deflation, disinformation, distributed ledger, diversification, financial engineering, financial intermediation, Flash crash, global reserve currency, implied volatility, income inequality, inflation targeting, junk bonds, labor-force participation, Long Term Capital Management, low interest rates, Lyft, margin call, market bubble, Money creation, money market fund, money: store of value / unit of account / medium of exchange, moral hazard, negative equity, Network effects, Ponzi scheme, proprietary trading, public intellectual, purchasing power parity, quantitative easing, random walk, rent-seeking, reserve currency, rising living standards, risk free rate, risk/return, sharing economy, short selling, short squeeze, sovereign wealth fund, stock buybacks, tail risk, TikTok, Uber and Lyft, uber lyft, yield curve

But for a period, these established stars can be objectively worse—less attractive, less motivated, delivering a less good performance—than the talented nobodies who are next in line behind them, and yet it will still be rational for the director and producer to prefer to hire the stars. This is what celebrity means. That is what cumulative advantage means. Another example is that of network effects and lock-in in business, economics, and technology: the competition between VHS and Betamax, or between Facebook and Myspace and Friendster, or between Uber and Lyft. Betamax is often considered to have been a better technology, but it lost. Today, a direct competitor to Facebook could never succeed, no matter how much better its technology or design or business plan—because the appeal of a social network is the users who are already there, and those users are on Facebook.


pages: 244 words: 73,700

Cultish: The Language of Fanaticism by Amanda Montell

barriers to entry, behavioural economics, BIPOC, Black Lives Matter, classic study, cognitive dissonance, coronavirus, COVID-19, Donald Trump, en.wikipedia.org, epigenetics, fake news, financial independence, Girl Boss, growth hacking, hive mind, Jeff Bezos, Jeffrey Epstein, Keith Raniere, Kickstarter, late capitalism, lockdown, loss aversion, LuLaRoe, Lyft, multilevel marketing, off-the-grid, passive income, Peoples Temple, Phoebe Waller-Bridge, Ponzi scheme, prosperity theology / prosperity gospel / gospel of success, QAnon, Ronald Reagan, Russell Brand, Sapir-Whorf hypothesis, Search for Extraterrestrial Intelligence, side hustle, Silicon Valley, Skype, Social Justice Warrior, Stanford prison experiment, Steve Jobs, sunk-cost fallacy, tech bro, the scientific method, TikTok, uber lyft, women in the workforce, Y2K

But it quickly became clear that learning about the connections across language, power, community, and belief could legitimately help us understand what motivates people’s fanatical behaviors during this ever-restless era—a time when we find multilevel marketing scams masquerading as feminist start-ups, phony shamans ballyhooing bad health advice, online hate groups radicalizing new members, and kids sending each other literal death threats in defense of their favorite brands. Chani, the twenty-six-year-old SoulCycler, told me she once saw one teenager pull a weapon on another over the last pair of sneakers at an LA hypebeast sample sale. “The next Crusades will be not religious but consumerist,” she suggested. Uber vs. Lyft. Amazon vs. Amazon boycotters. TikTok vs. Instagram. Tara Isabella Burton put it well when she said, “If the boundaries between cult and religion are already slippery, those between religion and culture are more porous still.” The haunting, beautiful, stomach-twisting truth is that no matter how cult-phobic you fancy yourself, our participation in things is what defines us.


pages: 328 words: 77,877

API Marketplace Engineering: Design, Build, and Run a Platform for External Developers by Rennay Dorasamy

Airbnb, Amazon Web Services, barriers to entry, business logic, business process, butterfly effect, continuous integration, DevOps, digital divide, disintermediation, fault tolerance, if you build it, they will come, information security, Infrastructure as a Service, Internet of things, Jeff Bezos, Kanban, Kubernetes, Lyft, market fragmentation, microservices, minimum viable product, MITM: man-in-the-middle, mobile money, optical character recognition, platform as a service, pull request, ride hailing / ride sharing, speech recognition, the payments system, transaction costs, two-pizza team, Uber and Lyft, uber lyft, underbanked, web application

Thankfully, due to the low price point of devices and the widespread availability of mobile data, large percentages of the world’s population are now connected. This has also given rise to a wave of sharing. Services such as Airbnb allow people to rent out a spare room or an entire home. Ride sharing services like Uber and Lyft are super simple to use and are constantly innovating with options such as low-cost trips and package delivery. This has enabled a paradigm shift as it could allow people to not make long-term investments in property and motor vehicles. Future generations may not need a driver’s license as it may be more economical and practical to use ridesharing than owning a car.


pages: 437 words: 113,173

Age of Discovery: Navigating the Risks and Rewards of Our New Renaissance by Ian Goldin, Chris Kutarna

"World Economic Forum" Davos, 2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, 3D printing, Airbnb, Albert Einstein, AltaVista, Asian financial crisis, asset-backed security, autonomous vehicles, banking crisis, barriers to entry, battle of ideas, Bear Stearns, Berlin Wall, bioinformatics, bitcoin, Boeing 747, Bonfire of the Vanities, bread and circuses, carbon tax, clean water, collective bargaining, Colonization of Mars, Credit Default Swap, CRISPR, crowdsourcing, cryptocurrency, Dava Sobel, demographic dividend, Deng Xiaoping, digital divide, Doha Development Round, double helix, driverless car, Edward Snowden, Elon Musk, en.wikipedia.org, epigenetics, experimental economics, Eyjafjallajökull, failed state, Fall of the Berlin Wall, financial innovation, full employment, Galaxy Zoo, general purpose technology, Glass-Steagall Act, global pandemic, global supply chain, Higgs boson, Hyperloop, immigration reform, income inequality, indoor plumbing, industrial cluster, industrial robot, information retrieval, information security, Intergovernmental Panel on Climate Change (IPCC), intermodal, Internet of things, invention of the printing press, Isaac Newton, Islamic Golden Age, Johannes Kepler, Khan Academy, Kickstarter, Large Hadron Collider, low cost airline, low skilled workers, Lyft, Mahbub ul Haq, Malacca Straits, mass immigration, Max Levchin, megacity, Mikhail Gorbachev, moral hazard, Nelson Mandela, Network effects, New Urbanism, non-tariff barriers, Occupy movement, On the Revolutions of the Heavenly Spheres, open economy, Panamax, Paris climate accords, Pearl River Delta, personalized medicine, Peter Thiel, post-Panamax, profit motive, public intellectual, quantum cryptography, rent-seeking, reshoring, Robert Gordon, Robert Metcalfe, Search for Extraterrestrial Intelligence, Second Machine Age, self-driving car, Shenzhen was a fishing village, Silicon Valley, Silicon Valley startup, Skype, smart grid, Snapchat, special economic zone, spice trade, statistical model, Stephen Hawking, Steve Jobs, Stuxnet, synthetic biology, TED Talk, The Future of Employment, too big to fail, trade liberalization, trade route, transaction costs, transatlantic slave trade, uber lyft, undersea cable, uranium enrichment, We are the 99%, We wanted flying cars, instead we got 140 characters, working poor, working-age population, zero day

In the last Renaissance, people went to the town square to find each other; in the New Renaissance, the town square is always with us, in the form of real-time, location-based data on our identities, choices and behaviors. We go to it anytime to fulfill an ever-widening range of needs—to shop, eat, exercise, travel and meet with one another. We can match partners for love or sex (Match.com, Tinder), match entrepreneurs with investors (kickstarter.com, indiegogo.com), drivers with riders (Uber, Lyft), spare rooms with travelers (Airbnb), public stewards with street-level concerns (SeeClickFix.com), people in need with good Samaritans (causes.com, fundly.com), problems with the talents to solve them (hackathons, InnoCentive.com) and victims with aid-givers and watchdogs (ushahidi.com), to name a few.

No fortune is wholly earned by its possessor’s own efforts. Parents, teachers and luck all play a big part along the way—as do publicly provisioned goods like knowledge, technology, markets and infrastructure. Digitization, by multiplying the market reach of a single good idea, yields a “winner-take-all” effect (think Facebook, Uber or Airbnb) that only widens the gap between what one justly earns and what one accumulates.74 The evidence says that the rich haven’t done nearly enough to make that gap acceptable to the societies they live in. Since the turn of the century, total global private wealth has more than doubled; the number of millionaire households worldwide has more than tripled (from 5.5 to 16.3 million); and those millionaires—despite making up only 1.1 percent of households globally—have concentrated more than half of all private wealth into their own hands.75 Global private giving is harder to quantify, but it certainly hasn’t kept pace.


pages: 353 words: 91,520

Most Likely to Succeed: Preparing Our Kids for the Innovation Era by Tony Wagner, Ted Dintersmith

affirmative action, Airbnb, Albert Einstein, Bernie Sanders, Clayton Christensen, creative destruction, David Brooks, driverless car, en.wikipedia.org, Frederick Winslow Taylor, future of work, immigration reform, income inequality, index card, Jeff Bezos, jimmy wales, Joi Ito, Khan Academy, Kickstarter, knowledge economy, knowledge worker, language acquisition, low skilled workers, Lyft, Mark Zuckerberg, means of production, new economy, One Laptop per Child (OLPC), pattern recognition, Paul Graham, Peter Thiel, Ponzi scheme, pre–internet, school choice, Silicon Valley, Skype, Steven Pinker, TaskRabbit, TED Talk, the scientific method, two and twenty, uber lyft, unpaid internship, Y Combinator

* * * For a good example of how the innovation economy is upending traditional models, check out Elance, a rapidly growing online service that enables entrepreneurial freelancers to earn income in hundreds of ways, including as editors, graphic designers, creative writers, software developers, and researchers. Need your logo designed? Go to Elance. Need careful research about an article? Go to Elance. Elance is hardly unique. Millions of people are generating income through the online microeconomies of sites like Care.com, Freelance.com, eBay, oDesk, TaskRabbit, Uber, Airbnb, Lyft, Teachers Pay Teachers, iTunes, Kickstarter, and on and on. These marketplaces represent the wave of the future, where anyone can: • reach lots of customers readily. • build an online reputation through customer feedback and examples of work. • succeed in a world where customers don’t care about education credentials or standardized test scores


pages: 321 words: 89,109

The New Gold Rush: The Riches of Space Beckon! by Joseph N. Pelton

"World Economic Forum" Davos, 3D printing, Any sufficiently advanced technology is indistinguishable from magic, Biosphere 2, Buckminster Fuller, business logic, Carrington event, Colonization of Mars, Dennis Tito, disruptive innovation, Donald Trump, driverless car, Elon Musk, en.wikipedia.org, full employment, global pandemic, Google Earth, GPS: selective availability, gravity well, Iridium satellite, Jeff Bezos, job automation, Johannes Kepler, John von Neumann, life extension, low earth orbit, Lyft, Mark Shuttleworth, Mark Zuckerberg, megacity, megastructure, new economy, Peter H. Diamandis: Planetary Resources, Planet Labs, post-industrial society, private spaceflight, Ray Kurzweil, Scaled Composites, Silicon Valley, Silicon Valley billionaire, skunkworks, space junk, SpaceShipOne, Stephen Hawking, Steve Jobs, Strategic Defense Initiative, Thomas Malthus, Tim Cook: Apple, Tunguska event, uber lyft, urban planning, urban sprawl, vertical integration, Virgin Galactic, wikimedia commons, X Prize

Others, when faced with significant change in circumstance, naturally tend to fight back in order to preserve what they have achieved. Then, there are those unique individuals that transcend time. They create a new future, before the general public realizes that things have changed forever. These innovators are the ones that create disruptive technologies, such as Uber, Lyft, Amazon, the Internet and satellite and cable-based electronic entertainment . The space entrepreneurs are like time travelers with their feet in the twenty-first century. Space age innovators are intent on creating the New Space economy, and they are half Thomas Edison and half John D. Rockefeller.


pages: 372 words: 94,153

More From Less: The Surprising Story of How We Learned to Prosper Using Fewer Resources – and What Happens Next by Andrew McAfee

back-to-the-land, Bartolomé de las Casas, Berlin Wall, bitcoin, Blitzscaling, Branko Milanovic, British Empire, Buckminster Fuller, call centre, carbon credits, carbon footprint, carbon tax, Charles Babbage, clean tech, clean water, cloud computing, congestion pricing, Corn Laws, creative destruction, crony capitalism, data science, David Ricardo: comparative advantage, decarbonisation, DeepMind, degrowth, dematerialisation, Demis Hassabis, Deng Xiaoping, do well by doing good, Donald Trump, Edward Glaeser, en.wikipedia.org, energy transition, Erik Brynjolfsson, failed state, fake news, Fall of the Berlin Wall, Garrett Hardin, Great Leap Forward, Haber-Bosch Process, Hans Rosling, humanitarian revolution, hydraulic fracturing, income inequality, indoor plumbing, intangible asset, James Watt: steam engine, Jeff Bezos, job automation, John Snow's cholera map, joint-stock company, Joseph Schumpeter, Khan Academy, Landlord’s Game, Louis Pasteur, Lyft, Marc Andreessen, Marc Benioff, market fundamentalism, means of production, Michael Shellenberger, Mikhail Gorbachev, ocean acidification, oil shale / tar sands, opioid epidemic / opioid crisis, Paul Samuelson, peak oil, precision agriculture, price elasticity of demand, profit maximization, profit motive, risk tolerance, road to serfdom, Ronald Coase, Ronald Reagan, Salesforce, Scramble for Africa, Second Machine Age, Silicon Valley, Steve Jobs, Steven Pinker, Stewart Brand, Ted Nordhaus, TED Talk, telepresence, The Wealth of Nations by Adam Smith, Thomas Davenport, Thomas Malthus, Thorstein Veblen, total factor productivity, Tragedy of the Commons, Uber and Lyft, uber lyft, Veblen good, War on Poverty, We are as Gods, Whole Earth Catalog, World Values Survey

Now that we have technologies that let us know where every driver, passenger, piece of cargo, and vehicle is at all times, we can greatly increase the utilization and efficiency of every element of transportation. Renting instead of owning transportation is a likely consequence of this shift. Instead of owning cars, which typically sit idle more than 90 percent of the time, more people will choose to access transportation as needed. We’re already seeing this with car-hailing companies such as Uber and Lyft. These services are quickly spreading around the world, and expanding to cover more modes of transportation, from motorbikes to bicycles to electric scooters. They’re also moving into commercial applications such as long- and short-haul trucking. As this shift continues, we’ll need fewer tons of steel, aluminum, plastic, gasoline, and other resources to move the world’s people and goods around.


pages: 431 words: 129,071

Selfie: How We Became So Self-Obsessed and What It's Doing to Us by Will Storr

Abraham Maslow, Adam Curtis, Alan Greenspan, Albert Einstein, autonomous vehicles, banking crisis, bitcoin, classic study, computer age, correlation does not imply causation, Donald Trump, Douglas Engelbart, Douglas Engelbart, Elon Musk, en.wikipedia.org, gamification, gig economy, greed is good, intentional community, invisible hand, job automation, John Markoff, Kevin Roose, Kickstarter, Lewis Mumford, longitudinal study, low interest rates, Lyft, Menlo Park, meta-analysis, military-industrial complex, Mont Pelerin Society, mortgage debt, Mother of all demos, Nixon shock, Peter Thiel, prosperity theology / prosperity gospel / gospel of success, QWERTY keyboard, Rainbow Mansion, rising living standards, road to serfdom, Robert Gordon, Ronald Reagan, selective serotonin reuptake inhibitor (SSRI), Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Steve Bannon, Steve Jobs, Steven Levy, Stewart Brand, synthetic biology, tech bro, tech worker, The Future of Employment, The Rise and Fall of American Growth, Tim Cook: Apple, Travis Kalanick, twin studies, Uber and Lyft, uber lyft, War on Poverty, We are as Gods, Whole Earth Catalog

We began talking about the role of government, and collective projects for the common good, and it quickly became clear he was deeply sceptical. ‘It’s kind of a weird thing, when people say we need to do things for the common good,’ he said. ‘Tech companies made it so that I could get a ride anywhere in the city for five dollars, door to door, and split it with two people. San Francisco would be impossible without Uber and Lyft. And then the city come here and fine me because people put graffiti on my windows.’ ‘They fine you?’ I said. I could see why that would be annoying. ‘There are times where some of us have said, “Can you imagine where we did an experiment where Google took over what City Hall does now?”’ he said.

‘Elon Musk wants to put people on Mars by 2026. Anyone else at any other time in history would’ve been mad to say that. But this is Elon Musk.’ I wondered about the influence of Ayn Rand among his fellow founders. Steve Jobs, for one, is said to have treated Atlas Shrugged as his ‘guide in life,’ whilst Travis Kalanick of Uber used the cover of The Fountainhead as his Twitter avatar. ‘Engineers and richer folk are often libertarian,’ he said. ‘It’s never been tried, this pure libertarianism that Ayn Rand was promoting. What we need is a chance to give it a go. If we had a whole bunch of habitats in space that were somewhat politically isolated, you could run these experiments.


pages: 330 words: 99,044

Reimagining Capitalism in a World on Fire by Rebecca Henderson

"Friedman doctrine" OR "shareholder theory", Airbnb, asset allocation, behavioural economics, benefit corporation, Berlin Wall, Bernie Sanders, business climate, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, carbon tax, circular economy, collaborative economy, collective bargaining, commoditize, corporate governance, corporate social responsibility, crony capitalism, dark matter, decarbonisation, disruptive innovation, double entry bookkeeping, Elon Musk, Erik Brynjolfsson, export processing zone, Exxon Valdez, Fall of the Berlin Wall, family office, fixed income, George Akerlof, Gini coefficient, global supply chain, greed is good, Greta Thunberg, growth hacking, Hans Rosling, Howard Zinn, Hyman Minsky, impact investing, income inequality, independent contractor, index fund, Intergovernmental Panel on Climate Change (IPCC), joint-stock company, Kickstarter, Lyft, Marc Benioff, Mark Zuckerberg, Max Levchin, means of production, meta-analysis, microcredit, middle-income trap, Minsky moment, mittelstand, Mont Pelerin Society, Neil Armstrong, Nelson Mandela, opioid epidemic / opioid crisis, Paris climate accords, passive investing, Paul Samuelson, Philip Mirowski, plant based meat, profit maximization, race to the bottom, ride hailing / ride sharing, Ronald Reagan, Rosa Parks, Salesforce, scientific management, Second Machine Age, shareholder value, sharing economy, Silicon Valley, Snapchat, sovereign wealth fund, Steven Pinker, stocks for the long run, Tim Cook: Apple, total factor productivity, Toyota Production System, uber lyft, urban planning, Washington Consensus, WeWork, working-age population, Zipcar

Fourteen years later, when the company first moved solidly into the black, Amazon was worth $318 billion, despite the fact that it only had $600 million in profits.11 Clearly many investors have been willing to wait for years to see Amazon’s investments pay off. Indeed investors have been willing to funnel billions to a wide range of “platform” plays—including Uber, Lyft, and Airbnb—despite the fact that many of these firms have yet to make any money. So it can’t be that investors are altogether and overwhelmingly short term focused. When investors understand the nature of the bet they are being asked to make, some of them will make it. It took investors many years to learn the language of biotech.


pages: 392 words: 109,945

Life's Edge: The Search for What It Means to Be Alive by Carl Zimmer

3D printing, Albert Einstein, biofilm, call centre, coronavirus, COVID-19, discovery of DNA, double helix, Fellow of the Royal Society, gravity well, knapsack problem, lockdown, Loma Prieta earthquake, Louis Pasteur, low earth orbit, Lyft, microbiome, Richard Feynman, Schrödinger's Cat, Search for Extraterrestrial Intelligence, Silicon Valley, stem cell, Stuart Kauffman, tech worker, uber lyft

Deamer had no idea if it would succeed. But all the lessons he had learned about life as it first existed gave him confidence that it might. “Everything I do,” he said, “is based on knowing that life began.” NO OBVIOUS BUSHES The February sunshine was almost too much to bear. I emerged out of a Lyft in front of the badging office at the NASA Jet Propulsion Laboratory in Pasadena, California, having just spent several months in chilly New England under a sky that had been mostly cloudy, dark, or both. A JPL scientist named Laurie Barge came into the office to meet me and led me inside the facility.

Price. Cham, Switzerland: Springer International Publishing. Hintzsche, Erich. 2008. “Haller, (Victor) Albrecht Von.” In Complete Dictionary of Scientific Biography. Edited by Charles C. Gillispie. New York: Scribner. Hintzsche, Erich, and Jörn H. Wolf. 1962. Albrecht von Hallers Abhandlung über die Wirkung des Opiums auf den menschlichen Körper: übersetzt und erläutert. Bern: Paul Haupt. Hoffman, Friedrich. 1971. Fundamenta medicinae. Translated by Lester King. London: Macdonald. Hordijk, Wim. 2019. “A History of Autocatalytic Sets: A Tribute to Stuart Kauffman.” Biological Theory 14:224–46.


pages: 368 words: 102,379

Pandemic, Inc.: Chasing the Capitalists and Thieves Who Got Rich While We Got Sick by J. David McSwane

Affordable Care Act / Obamacare, commoditize, coronavirus, COVID-19, disinformation, Donald Trump, Elon Musk, fake it until you make it, fake news, global pandemic, global supply chain, Internet Archive, lockdown, Lyft, Mark Zuckerberg, microaggression, military-industrial complex, obamacare, open economy, Ponzi scheme, race to the bottom, ransomware, remote working, ride hailing / ride sharing, shareholder value, side hustle, Silicon Valley, social distancing, statistical model, stem cell, Steve Bannon, stock buybacks, TaskRabbit, telemarketer, uber lyft, Y2K

He had said that once we landed at Chicago Midway International Airport, he would drop his folks off at the Hilton Oak Brook Hills Resort and he and I would take a taxi over to the VA distribution center in Hines and wait for a mask delivery “even if we have to wait until three a.m.” Instead his entourage rented a few SUVs and I took a separate Lyft ride to the hotel, where everything and nothing went down. After two very bored employees sitting behind Plexiglas checked us in, we met in the vast lobby facing out into a rolling, empty golf course. The capaciousness of this convention center hotel was made larger still by its emptiness, the unlit and shuttered cafe, the pool with no people.

Because the federal government had guaranteed the loans, those lenders had almost no risk and all upside to approve as many loans as possible. The rules of the program incentivized speed and disincentivized basic due diligence, which could have curtailed pervasive fraud. Two companies, Blueacorn and Womply, came out of nowhere and launched savvy marketing campaigns to attract sole proprietors, gig workers such as Uber drivers, and small businesses to apply for loans that paid out quickly. Together the two would account for a third of all PPP loans approved, collecting as much as $3 billion in fees from the federal government. Blueacorn was formed just as the loan program presented the opportunity. Womply, which had been around for years and sold marketing software, pivoted to focus on PPP loans.


pages: 424 words: 119,679

It's Better Than It Looks: Reasons for Optimism in an Age of Fear by Gregg Easterbrook

affirmative action, Affordable Care Act / Obamacare, air freight, Alan Greenspan, Apollo 11, autonomous vehicles, basic income, Bernie Madoff, Bernie Sanders, Black Lives Matter, Boeing 747, Branko Milanovic, Brexit referendum, business cycle, Capital in the Twenty-First Century by Thomas Piketty, carbon tax, clean tech, clean water, coronavirus, Crossrail, David Brooks, David Ricardo: comparative advantage, deindustrialization, Dissolution of the Soviet Union, Donald Trump, driverless car, Elon Musk, Exxon Valdez, factory automation, failed state, fake news, full employment, Gini coefficient, Google Earth, Home mortgage interest deduction, hydraulic fracturing, Hyperloop, illegal immigration, impulse control, income inequality, independent contractor, Indoor air pollution, interchangeable parts, Intergovernmental Panel on Climate Change (IPCC), invisible hand, James Watt: steam engine, labor-force participation, liberal capitalism, longitudinal study, Lyft, mandatory minimum, manufacturing employment, Mikhail Gorbachev, minimum wage unemployment, Modern Monetary Theory, obamacare, oil shale / tar sands, Paul Samuelson, peak oil, plant based meat, plutocrats, Ponzi scheme, post scarcity, purchasing power parity, quantitative easing, reserve currency, rising living standards, Robert Gordon, Ronald Reagan, self-driving car, short selling, Silicon Valley, Simon Kuznets, Slavoj Žižek, South China Sea, Steve Wozniak, Steven Pinker, supervolcano, The Chicago School, The Rise and Fall of American Growth, the scientific method, There's no reason for any individual to have a computer in his home - Ken Olsen, Thomas Kuhn: the structure of scientific revolutions, Thomas Malthus, transaction costs, Tyler Cowen, uber lyft, universal basic income, War on Poverty, Washington Consensus, We are all Keynesians now, WikiLeaks, working poor, Works Progress Administration

The celebrated journalist James Fallows, an instrument-rated pilot and author of two books on aviation, believes automated aircraft will be right behind automated vehicles. Small jets operating without the expense of flight-deck personnel and with no need to wait for them to arrive at the field would allow convenient, low-cost air taxis, beckoned by smartphone as is Lyft today. Perhaps you’re thinking, I ain’t getting into no flying machine that does not have a pilot. Generations to come may do so without reservation, if you will excuse the pun. The chess grandmaster and Russian dissident Garry Kasparov noted in 2017 that people once refused to get into elevators that did not have operators.

Already the truck division of Mercedes-Benz has prototype autonomous trucks operating on German roads. Labor economists who deride long-haul trucks as “sweatshops on wheels” want better pay and shorter hours for drivers. What they are going to get is the elimination of long-haul driving as a profession. Taxi, Uber, truck drivers, and bus drivers will lose their jobs; car dealerships will become fewer, salespeople and mechanics losing jobs as families own one car, or half a car, instead of several cars; many other kinds of change and dislocation are coming. Unless you really think legislatures can outlaw change in transportation technology—and thank goodness they did not when there were no seat belts—this future will arrive: safer, cleaner, more convenient, and fewer roles for those without college degrees.


The Code: Silicon Valley and the Remaking of America by Margaret O'Mara

A Declaration of the Independence of Cyberspace, accounting loophole / creative accounting, affirmative action, Airbnb, Alan Greenspan, AltaVista, Alvin Toffler, Amazon Web Services, An Inconvenient Truth, AOL-Time Warner, Apple II, Apple's 1984 Super Bowl advert, autonomous vehicles, back-to-the-land, barriers to entry, Ben Horowitz, Berlin Wall, Big Tech, Black Lives Matter, Bob Noyce, Buckminster Fuller, Burning Man, business climate, Byte Shop, California gold rush, Californian Ideology, carried interest, clean tech, clean water, cloud computing, cognitive dissonance, commoditize, company town, Compatible Time-Sharing System, computer age, Computer Lib, continuous integration, cuban missile crisis, Danny Hillis, DARPA: Urban Challenge, deindustrialization, different worldview, digital divide, Do you want to sell sugared water for the rest of your life?, don't be evil, Donald Trump, Doomsday Clock, Douglas Engelbart, driverless car, Dynabook, Edward Snowden, El Camino Real, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, Fairchild Semiconductor, Frank Gehry, Future Shock, Gary Kildall, General Magic , George Gilder, gig economy, Googley, Hacker Ethic, Hacker News, high net worth, hockey-stick growth, Hush-A-Phone, immigration reform, income inequality, industrial research laboratory, informal economy, information retrieval, invention of movable type, invisible hand, Isaac Newton, It's morning again in America, Jeff Bezos, Joan Didion, job automation, job-hopping, John Gilmore, John Markoff, John Perry Barlow, Julian Assange, Kitchen Debate, knowledge economy, knowledge worker, Larry Ellison, Laura Poitras, Lyft, Marc Andreessen, Mark Zuckerberg, market bubble, Mary Meeker, mass immigration, means of production, mega-rich, Menlo Park, Mikhail Gorbachev, military-industrial complex, millennium bug, Mitch Kapor, Mother of all demos, move fast and break things, mutually assured destruction, Neil Armstrong, new economy, Norbert Wiener, old-boy network, Palm Treo, pattern recognition, Paul Graham, Paul Terrell, paypal mafia, Peter Thiel, pets.com, pirate software, popular electronics, pre–internet, prudent man rule, Ralph Nader, RAND corporation, Richard Florida, ride hailing / ride sharing, risk tolerance, Robert Metcalfe, ROLM, Ronald Reagan, Salesforce, Sand Hill Road, Second Machine Age, self-driving car, shareholder value, Sheryl Sandberg, side hustle, side project, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, skunkworks, Snapchat, social graph, software is eating the world, Solyndra, speech recognition, Steve Ballmer, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, Strategic Defense Initiative, supercomputer in your pocket, Susan Wojcicki, tacit knowledge, tech billionaire, tech worker, technoutopianism, Ted Nelson, TED Talk, the Cathedral and the Bazaar, the market place, the new new thing, The Soul of a New Machine, There's no reason for any individual to have a computer in his home - Ken Olsen, Thomas L Friedman, Tim Cook: Apple, Timothy McVeigh, transcontinental railway, Twitter Arab Spring, Uber and Lyft, uber lyft, Unsafe at Any Speed, upwardly mobile, Vannevar Bush, War on Poverty, Wargames Reagan, WarGames: Global Thermonuclear War, We wanted flying cars, instead we got 140 characters, Whole Earth Catalog, WikiLeaks, William Shockley: the traitorous eight, work culture , Y Combinator, Y2K

By the end of 2016, Android phones made up over 80 percent of the global market, and over half of Google’s revenue came from mobile.8 The entry into the phone market was even more profitable for Apple. Ten years after its introduction, over one billion iPhones had been sold worldwide. It was the bestselling consumer product in human history. Having a geolocated, camera-equipped supercomputer in millions of pockets jump-started whole new business categories, such as ride-sharing (Uber and Lyft), local search (Yelp), and short-term rentals (Airbnb). It further spiked the growth of social media, launching born-mobile apps (Instagram, Snapchat) and turning existing networks into even more potent vehicles for advertising and sales. The switch to mobile made Facebook’s user base grow even faster.

Compact and gleaming, all electric motor and spinning geo-locators sprouting from the roof, the cars were not actually without a driver: if you peered closely, you could see the outline of one or two heads inside, belonging to the young Googlers whose job it was to test and monitor and take notes and seize the wheel if anything went wrong. It wasn’t just Google that was getting into the driverless car in those wealth-dazzled and tech-saturated years of the late 2010s. It was Apple and Uber and Tesla, too, all in a race to turn the car into a computer, a Shaky the Robot updated for the twenty-first century. Even if the vehicles weren’t quite fully autonomous, they showed how far the American tech industry had come in its seventy-year pursuit of machines that think and computers that network—and how far its largest and richest companies intended to go.1 Cars were just part of it.


Spies, Lies, and Algorithms by Amy B. Zegart

2021 United States Capitol attack, 4chan, active measures, air gap, airport security, Apollo 13, Bellingcat, Bernie Sanders, Bletchley Park, Chelsea Manning, classic study, cloud computing, cognitive bias, commoditize, coronavirus, correlation does not imply causation, COVID-19, crowdsourcing, cryptocurrency, cuban missile crisis, Daniel Kahneman / Amos Tversky, deep learning, deepfake, DeepMind, disinformation, Donald Trump, drone strike, dual-use technology, Edward Snowden, Elon Musk, en.wikipedia.org, end-to-end encryption, failed state, feminist movement, framing effect, fundamental attribution error, Gene Kranz, global pandemic, global supply chain, Google Earth, index card, information asymmetry, information security, Internet of things, job automation, John Markoff, lockdown, Lyft, Mark Zuckerberg, Nate Silver, Network effects, off-the-grid, openstreetmap, operational security, Parler "social media", post-truth, power law, principal–agent problem, QAnon, RAND corporation, Richard Feynman, risk tolerance, Robert Hanssen: Double agent, Ronald Reagan, Rubik’s Cube, Russian election interference, Saturday Night Live, selection bias, seminal paper, Seymour Hersh, Silicon Valley, Steve Jobs, Stuxnet, synthetic biology, uber lyft, unit 8200, uranium enrichment, WikiLeaks, zero day, zero-sum game

But vexing challenges remain. Estimating the Future Is a Hazardous Occupation—in Many Occupations Everyone knows that predicting the future is hard. Even experts with access to the best data are often wrong. Doctors offer incorrect diagnoses. Bankers get initial stock prices wrong—as we saw when Uber, Peloton, and Lyft went public. Hollywood executives are surprised by sleeper hits (Little Miss Sunshine) and blockbuster bombs (Green Lantern). Political pollsters get surprised on election day. In the 1948 presidential election, analysts were so sure New York Governor Thomas Dewey would defeat incumbent President Harry Truman that the Chicago Tribune emblazoned its oversized headline “Dewey Defeats Truman” when it went to press.14 Truman had a field day when the election results came in.


pages: 1,205 words: 308,891

Bourgeois Dignity: Why Economics Can't Explain the Modern World by Deirdre N. McCloskey

"Friedman doctrine" OR "shareholder theory", Airbnb, Akira Okazaki, antiwork, behavioural economics, big-box store, Black Swan, book scanning, British Empire, business cycle, buy low sell high, Capital in the Twenty-First Century by Thomas Piketty, classic study, clean water, Columbian Exchange, conceptual framework, correlation does not imply causation, Costa Concordia, creative destruction, critique of consumerism, crony capitalism, dark matter, Dava Sobel, David Graeber, David Ricardo: comparative advantage, deindustrialization, demographic transition, Deng Xiaoping, do well by doing good, Donald Trump, double entry bookkeeping, electricity market, en.wikipedia.org, epigenetics, Erik Brynjolfsson, experimental economics, Ferguson, Missouri, food desert, Ford Model T, fundamental attribution error, Garrett Hardin, Georg Cantor, George Akerlof, George Gilder, germ theory of disease, Gini coefficient, God and Mammon, Great Leap Forward, greed is good, Gunnar Myrdal, Hans Rosling, Henry Ford's grandson gave labor union leader Walter Reuther a tour of the company’s new, automated factory…, Hernando de Soto, immigration reform, income inequality, interchangeable parts, invention of agriculture, invention of writing, invisible hand, Isaac Newton, Islamic Golden Age, James Watt: steam engine, Jane Jacobs, John Harrison: Longitude, John Maynard Keynes: technological unemployment, Joseph Schumpeter, Kenneth Arrow, knowledge economy, labor-force participation, lake wobegon effect, land reform, liberation theology, lone genius, Lyft, Mahatma Gandhi, Mark Zuckerberg, market fundamentalism, means of production, middle-income trap, military-industrial complex, Naomi Klein, new economy, Nick Bostrom, North Sea oil, Occupy movement, open economy, out of africa, Pareto efficiency, Paul Samuelson, Pax Mongolica, Peace of Westphalia, peak oil, Peter Singer: altruism, Philip Mirowski, Pier Paolo Pasolini, pink-collar, plutocrats, positional goods, profit maximization, profit motive, public intellectual, purchasing power parity, race to the bottom, refrigerator car, rent control, rent-seeking, Republic of Letters, road to serfdom, Robert Gordon, Robert Shiller, Ronald Coase, Scientific racism, Scramble for Africa, Second Machine Age, secular stagnation, seminal paper, Simon Kuznets, Social Responsibility of Business Is to Increase Its Profits, spinning jenny, stakhanovite, Steve Jobs, tacit knowledge, TED Talk, the Cathedral and the Bazaar, The Chicago School, The Market for Lemons, the rule of 72, The Spirit Level, The Wealth of Nations by Adam Smith, Thomas Malthus, Thorstein Veblen, total factor productivity, Toyota Production System, Tragedy of the Commons, transaction costs, transatlantic slave trade, Tyler Cowen, Tyler Cowen: Great Stagnation, uber lyft, union organizing, very high income, wage slave, Washington Consensus, working poor, Yogi Berra

The left and right join in opposing the future—the one because it is not a planned future and the other because it is not identical to the past. In 2013, for example, some companies in the United States had taken brilliantly bettering advantage of smart phones. The Uber X company offered rides in ordinary cars to smart-phone users (as did Lyft and SideCar). The Square company offered merchants a means of processing credit cards on their phones. Airbnb offered New Yorkers access to private homes as hotels. And Aereo allowed mobile devices to pick up local TV signals. Yet all four were prompty attacked by American regulators, those heroes of the progressive and conservative enemies of progress.

The journalistic rule of balance in TV and newspaper stories has intensified the error, because in every story of a projected betterment the journalist feels she must find someone who says he is hurt by it. The reception among conventional journalists of the taxi-competing Uber is a case in point. Unsurprisingly, it is not difficult to find owners of $300,000 taxi licenses willing to tell the journalist that Uber is an invention of the devil. The journalist slides easily into the role of defending the monopolist licensed by the state against the scandalous competition of a man with a car. John D. Mueller (the Catholic economist, again) notes that until recently the zero-sum assumption in Aristotle and Aquinas, and now in Pope Francis I, was roughly correct—that is, until 1800.18 Only briefly in recent European centuries did a coherent rhetoric arise to assuage the anger against the other side of a trade.

The cultural setting of France was in practice hostile to trade-tested betterment, at any rate on a scale of comparison in which a comparatively laissez-faire Britain was a success.23 France’s policy was like that of the numerous modern states immensely interested in the economic development of their citizens (and it may be a few of the rulers and their cousins) by regulating trade in detail and jailing the competitors of state-sponsored monopolies, such as Uber. Perform a mental experiment on France in the eighteenth century. In a France counterfactually without the nearby and spectacular examples of bourgeois economic and political successes in Holland and then in England and Scotland and in far America (constituting together what the historian Walter Russell Mead calls “the Anglosphere”), modern economic growth would have been killed—even in a France blessed with such clever advocates of trade-tested betterment as Vauban, Cantillon (an Irishman living in France, despite his French-appearing name), de Gourney, Voltaire, Quesnay, Turgot, and Condillac.24 And such men were themselves influenced by the embarrassingly successful Anglo-Saxons across La Manche.


Northern California Travel Guide by Lonely Planet

Airbnb, Apple II, Asilomar, back-to-the-land, Bay Area Rapid Transit, big-box store, bike sharing, Burning Man, buy and hold, California gold rush, California high-speed rail, call centre, car-free, carbon credits, carbon footprint, clean water, company town, dark matter, Day of the Dead, Donald Trump, Donner party, East Village, El Camino Real, Electric Kool-Aid Acid Test, Frank Gehry, friendly fire, gentrification, gigafactory, glass ceiling, Golden Gate Park, Google bus, Haight Ashbury, haute couture, haute cuisine, high-speed rail, housing crisis, Joan Didion, Kickstarter, Loma Prieta earthquake, Lyft, Mahatma Gandhi, Mark Zuckerberg, Mason jar, McMansion, means of production, Northpointe / Correctional Offender Management Profiling for Alternative Sanctions, off-the-grid, Peoples Temple, Port of Oakland, ride hailing / ride sharing, Ronald Reagan, San Francisco homelessness, Silicon Valley, Silicon Valley startup, South of Market, San Francisco, stealth mode startup, stem cell, Steve Jobs, Steve Wozniak, Stewart Brand, the built environment, trade route, transcontinental railway, uber lyft, Upton Sinclair, urban sprawl, white picket fence, Whole Earth Catalog, women in the workforce, working poor, Works Progress Administration, young professional

Exhibits reveal once-popular views of Chinatown, including the sensationalist opium-den exhibit at San Francisco's 1915 Panama-Pacific International Expo inviting fairgoers to 'Go Slumming' in Chinatown. BEFORE YOU GO AMake reservations at top San Francisco restaurants – some accept early/late walk-ins, but not all do. AReserve Alcatraz tickets two to four weeks ahead, especially for popular night tours. ADownload SF-invented apps for ride sharing (Lyft, Uber), home sharing (Airbnb), restaurant booking (Yelp) and audio walking tours (Detour) – all widely used here. Fisherman's Wharf, The Marina & Russian Hill 1Top Sights 1Crissy FieldA2 2ExploratoriumH2 3Lombard StreetE2 4Maritime National Historical ParkE1 5Musée MécaniqueF1 6Sea Lions at Pier 39F1 1Sights 7Diego Rivera GalleryF2 8Fort Mason CenterD1 9Ina Coolbrith ParkF3 10USS PampanitoF1 11Vallejo Street StepsF3 2Activities, Courses & Tours 12Alcatraz CruisesG1 13Basically Free Bike RentalsF2 Blazing SaddlesE1 14Oceanic Society ExpeditionsC1 4Sleeping 15Argonaut HotelE1 16HI San Francisco Fisherman's WharfD1 17Hotel del SolD2 18Hotel DriscoC4 19Hotel ZephyrF1 20Inn at the PresidioA3 21Queen Anne HotelE4 5Eating 22Gary DankoE1 23GreensD1 24La FolieE3 25Lucca DelicatessenC2 26Off the GridD2 27Out the DoorD4 6Drinking & Nightlife 28Buena Vista CafeE1 29Interval Bar & CafeD1 The Marina, Fisherman's Wharf & the Piers oAlcatrazHISTORIC SITE ( GOOGLE MAP ; %Alcatraz Cruises 415-981-7625; www.nps.gov/alcatraz; tours adult/child 5-11yr day $37.25/23, night $44.25/26.50; hcall center 8am-7pm, ferries depart Pier 33 half-hourly 8:45am-3:50pm, night tours 5:55pm & 6:30pm; c) Alcatraz: for over 150 years, the name has given the innocent chills and the guilty cold sweats.

For public-transit information, dial 511, or look online at www.transit.511.org. Downtown Napa is about an 80-minute drive from San Francisco. 8Getting Around Pedicabs park outside downtown restaurants – especially at the foot of Main St, near the Napa Valley Welcome Center – in summer. Car-sharing service Uber (www.uber.com) operates in Napa, but plans to hire an Uber can go awry in some areas due to spotty cell reception. Yountville This onetime stagecoach stop, 9 miles north of Napa, is now a fine-food destination playing to the haute bourgeoisie, with more Michelin stars per capita than any other American town. A stay in Yountville means drinking at dinner without having to drive afterward, as the town is walkable, but Napa and Calistoga make for livelier bases.

Sierra Nevada Brewing CompanyBREWERY ( GOOGLE MAP ; %530-899-4776; www.sierranevada.com; 1075 E 20th St; brewery tour free, Beer Geek tour $45; htours 11am-4pm Sun-Thu, to 5:30pm Fri & Sat)S Hordes of beer fans gather at the birthplace of the nationally distributed Sierra Nevada Pale Ale and Schwarber, a Chico-only black ale. You can also stock up on eccentric ‘Beer Camp’ collaborations, short-run craft beers brewed by über-beer nerds at invitation-only seminars. Free brewhouse tours are given regularly. Chico Creek Nature CenterSCIENCE CENTER ( GOOGLE MAP ; www.bidwellpark.org; 1968 E 8th St; suggested donation adult/child $4/2; h11am-4pm Wed-Sun; c) If you plan on spending the afternoon in Bidwell Park, stop here first for displays on local plants and animals and excellent hands-on science programs for families.


Lonely Planet Iceland by Lonely Planet

Airbnb, banking crisis, capital controls, car-free, carbon footprint, cashless society, centre right, DeepMind, European colonialism, Eyjafjallajökull, food miles, Kickstarter, low cost airline, Lyft, megaproject, Mikhail Gorbachev, New Urbanism, presumed consent, ride hailing / ride sharing, Ronald Reagan, Uber and Lyft, uber lyft

Local bus networks operate in Akureyri, Ísafjörður, and the Reykjanesbær and Eastfjords areas. Taxi Most taxis in Iceland operate in the Reykjavík area, but many of the larger towns also offer services. Outside of Reykjavík, it’s usually wise to prebook. Taxis are metered and can be pricey. Tipping is not expected. At the time of research, there were no Uber and Lyft services in Iceland (yet). Language Behind the Scenes Send Us Your Feedback We love to hear from travellers – your comments keep us on our toes and help make our books better. Our well-travelled team reads every word on what you loved or loathed about this book. Although we cannot reply individually to postal submissions, we always guarantee that your feedback goes straight to the appropriate authors, in time for the next edition.

Húsadalur – Volcano Huts Þórsmörk is open year-round, but buses tend to run May to mid-October. The rest of the year you'll need to come on a private super-Jeep tour to reach Þórsmörk. Þórsmörk Three glaciers surround this nature reserve, site of some spectacular hiking. | Kelly Cheng/Getty Images © 2Activities Although Þórsmörk is the terminus for the uber-popular Laugavegurinn hike, many tired trekkers catch a bus out of the reserve immediately, missing spectacular day hiking (sans backpack). Some continue along the Fimmvörðuháls trek into Skógar, a truly incredible walk, but better approached in the opposite direction (departing from Skógar). It's possible to volunteer to help with trail maintenance with Þórsmörk Trail Volunteers (www.trailteam.is), an Iceland Forest Service initiative.


pages: 505 words: 161,581

The Founders: The Story of Paypal and the Entrepreneurs Who Shaped Silicon Valley by Jimmy Soni

activist fund / activist shareholder / activist investor, Ada Lovelace, AltaVista, Apple Newton, barriers to entry, Big Tech, bitcoin, Blitzscaling, book value, business logic, butterfly effect, call centre, Carl Icahn, Claude Shannon: information theory, cloud computing, Colonization of Mars, Computing Machinery and Intelligence, corporate governance, COVID-19, crack epidemic, cryptocurrency, currency manipulation / currency intervention, digital map, disinformation, disintermediation, drop ship, dumpster diving, Elon Musk, Fairchild Semiconductor, fear of failure, fixed income, General Magic , general-purpose programming language, Glass-Steagall Act, global macro, global pandemic, income inequality, index card, index fund, information security, intangible asset, Internet Archive, iterative process, Jeff Bezos, Jeff Hawkins, John Markoff, Kwajalein Atoll, Lyft, Marc Andreessen, Mark Zuckerberg, Mary Meeker, Max Levchin, Menlo Park, Metcalfe’s law, mobile money, money market fund, multilevel marketing, mutually assured destruction, natural language processing, Network effects, off-the-grid, optical character recognition, PalmPilot, pattern recognition, paypal mafia, Peter Thiel, pets.com, Potemkin village, public intellectual, publish or perish, Richard Feynman, road to serfdom, Robert Metcalfe, Robert X Cringely, rolodex, Sand Hill Road, Satoshi Nakamoto, seigniorage, shareholder value, side hustle, Silicon Valley, Silicon Valley startup, slashdot, SoftBank, software as a service, Startup school, Steve Ballmer, Steve Jobs, Steve Jurvetson, Steve Wozniak, technoutopianism, the payments system, transaction costs, Turing test, uber lyft, Vanguard fund, winner-take-all economy, Y Combinator, Y2K

It’s very memorable.’ ” Because the domain www.paypal.com was unclaimed, the team would face no protracted, expensive negotiations to acquire it. They did so on July 15, 1999. Though Thiel had originally preferred Cachet, he, too, came around to Paypal. In fact, he would later reference it to illustrate the value of friendly, generous-sounding company monikers, using it to argue for “Lyft” over “Uber” and “Facebook” over “MySpace.” In the near term, Thiel and many others would argue that—next to Paypal—X.com sounded ominous. Confinity selected PayPal—with a stylization, capitalizing the middle p. This intercap P stuck—forever after, Paypal would be written PayPal. A note in Master’s files records the adoption of the intercap P—a quick entry with the phrase “Chose PayPal”—but Master couldn’t recall the edit’s origins, nor if she, a graphic designer, or the Confinity team was the source


pages: 569 words: 165,510

There Is Nothing for You Here: Finding Opportunity in the Twenty-First Century by Fiona Hill

2021 United States Capitol attack, active measures, Affordable Care Act / Obamacare, algorithmic bias, barriers to entry, Berlin Wall, Bernie Sanders, Big Tech, Black Lives Matter, blue-collar work, Boris Johnson, Brexit referendum, British Empire, business climate, call centre, collective bargaining, company town, coronavirus, COVID-19, crony capitalism, cuban missile crisis, David Brooks, deindustrialization, desegregation, digital divide, disinformation, Dissolution of the Soviet Union, Donald Trump, Fall of the Berlin Wall, financial independence, first-past-the-post, food desert, gender pay gap, gentrification, George Floyd, glass ceiling, global pandemic, Great Leap Forward, housing crisis, illegal immigration, imposter syndrome, income inequality, indoor plumbing, industrial cluster, industrial research laboratory, informal economy, Jeff Bezos, Jeremy Corbyn, Kickstarter, knowledge economy, lockdown, low skilled workers, Lyft, Martin Wolf, mass immigration, meme stock, Mikhail Gorbachev, new economy, oil shock, opioid epidemic / opioid crisis, Own Your Own Home, Paris climate accords, pension reform, QAnon, ransomware, restrictive zoning, ride hailing / ride sharing, Right to Buy, Ronald Reagan, self-driving car, Silicon Valley, single-payer health, statistical model, Steve Bannon, The Chicago School, TikTok, transatlantic slave trade, Uber and Lyft, uber lyft, University of East Anglia, urban decay, urban planning, Washington Consensus, WikiLeaks, Winter of Discontent, women in the workforce, working poor, Yom Kippur War, young professional

Service jobs that depended directly on consumer spending by America’s affluent were dramatically cut by wealthy households forgoing cleaning, child care, eating out, and sports and entertainment during locally imposed lockdowns—or simply because people were concerned about contracting the virus and decided to self-isolate. Ride-share services like Uber and Lyft, which had offered part-time and supplemental opportunities for many workers on the bottom rung of the employment ladder, who were juggling several jobs at once to earn a decent income, were also hard-hit. Although the pandemic expanded the idea of “essential workers” to frontline employees in online shopping warehouses and delivery services, grocery stores, and food production—many of whom retained their jobs and had their pay increased—COVID-19 had a huge negative impact on their already precarious health.


pages: 1,028 words: 267,392

Wanderers: A Novel by Chuck Wendig

Black Swan, Boston Dynamics, centre right, citizen journalism, clean water, Columbine, coronavirus, crisis actor, currency manipulation / currency intervention, disinformation, fake news, game design, global pandemic, hallucination problem, hiring and firing, hive mind, Internet of things, job automation, Kickstarter, Lyft, Maui Hawaii, microaggression, oil shale / tar sands, private military company, quantum entanglement, RFID, satellite internet, side project, Silicon Valley, Skype, supervolcano, tech bro, TED Talk, uber lyft, white picket fence

The kids are worried about you and so am I despite everything. Call me, asshole. His publicist texted, all caps: CALL ME. Landry sent him a text that said only: The world was ready for Bowie. Elvis texted: Well played, jerkoff. This isn’t over. He snapped his fingers at the doctor: “You. I can get a cab out of here right? Or an Uber, a Lyft, something?” “What? Yes, but I’m not the front desk at a hotel—” “Good.” He shed his robe right there and started kicking around for his clothes. He found them in a drawer and started to hike on his pants. At the shocked doctor’s face he waved her off. “Oh, stop. You see this sort of thing all the time, love, don’t you?

MOIRA: We’re entangled together in this, Sadie. Everything is at stake. Everything. Don’t. Fuck. This. Up. And then the call was over. Black Swan was silent again. Benji was left in the dark to reckon with something far worse than frustration and loneliness: betrayal. Über allen Gipfeln Above all summits Ist Ruh. it is calm. In allen Wipfeln In all the treetops Spürest du you feel Kaum einen Hauch; scarcely a breath: Die Vögelein schweigen im Walde.

He, too, looked like he was worn out and worn down. His edge had gone. The young man sat on a chair in the lobby, looking for half a moment as if he were someone in another, normal life just chilling out in a perfectly average hotel lobby—seeking restitution from customer service, perhaps, or waiting for an Uber to come and pick him up, or even just hoping to meet a friend for coffee. Arav saw him approach. He pointed toward a door off to the side. “That’s the bookstore. Did you know that?” “I did not,” Benji answered, and it was true. “The bookstore next door has an entrance here in the lobby,” Arav said, sounding the most like himself Benji had heard in a long while.


pages: 691 words: 203,236

Whiteshift: Populism, Immigration and the Future of White Majorities by Eric Kaufmann

4chan, Abraham Maslow, affirmative action, Amazon Mechanical Turk, anti-communist, anti-globalists, augmented reality, battle of ideas, behavioural economics, Berlin Wall, Bernie Sanders, Boris Johnson, Brexit referendum, British Empire, centre right, Chelsea Manning, cognitive dissonance, complexity theory, corporate governance, correlation does not imply causation, critical race theory, crowdsourcing, Daniel Kahneman / Amos Tversky, data science, David Brooks, deindustrialization, demographic transition, Donald Trump, Elon Musk, en.wikipedia.org, facts on the ground, failed state, fake news, Fall of the Berlin Wall, first-past-the-post, Francis Fukuyama: the end of history, gentrification, Great Leap Forward, Haight Ashbury, Herbert Marcuse, illegal immigration, immigration reform, imperial preference, income inequality, it's over 9,000, Jeremy Corbyn, knowledge economy, knowledge worker, liberal capitalism, longitudinal study, Lyft, mass immigration, meta-analysis, microaggression, moral panic, Nate Silver, New Urbanism, Norman Mailer, open borders, open immigration, opioid epidemic / opioid crisis, Overton Window, phenotype, postnationalism / post nation state, Ralph Waldo Emerson, Republic of Letters, Ronald Reagan, Scientific racism, Silicon Valley, Social Justice Warrior, statistical model, Steve Bannon, Steven Pinker, the built environment, the scientific method, The Wisdom of Crowds, transcontinental railway, twin studies, uber lyft, upwardly mobile, urban sprawl, W. E. B. Du Bois, Washington Consensus, white flight, working-age population, World Values Survey, young professional

Adida, D. D. Laitin and M.-A. Valfort, ‘Identifying barriers to Muslim integration in France’, Proceedings of the National Academy of Sciences 107:52 (2010), 22384–90. 63. Rich, ‘What do field experiments of discrimination in markets tell us?’ 64. Marco Della Cava, ‘Blacks face longer wait times on Uber, Lyft than other races – worse for taxis, study says’, USA Today, 28 June 2018. 65. J. J. Fyfe, ‘Who shoots? A look at officer race and police shooting’, Journal of Police Science & Administration 9:4 (1981), 367–82; R. A. Brown and J. Frank, ‘Race and officer decision making: Examining differences in arrest outcomes between black and white officers’, Justice Quarterly 23:1 (2006), 96–126. 66.