377. The Real Cost of Uber/Lyft’s Driver Lockouts

First we have an update on an old startup as Worldcoin changes its name to World and redesigns its Orb to be more than just an eyeball scanner but also now an identification service called Deep Face. Repeat the satanic mantra after me: World, Orb, Deep Face. We then sit back as Prof Ed walks us through an in-depth investigation into how Uber and Lyft used driver lockouts—preventing them from logging on, seemingly at random and for long periods—as a cynical response to minimum pay laws in New York City. This regulatory arbitrage and brutal optimization resulted in significant impacts on drivers and major savings for the companies. ••• Sam Altman’s Worldcoin Gets a New Name, and New Hardware https://www.bloomberg.com/news/articles/2024-10-17/sam-altman-s-worldcoin-gets-a-new-name-and-new-hardware ••• How Uber and Lyft Used a Loophole to Deny NYC Drivers Millions in Pay https://www.bloomberg.com/graphics/2024-uber-lyft-nyc-drivers-pay-lockouts/?srnd=phx-technology Subscribe to hear more analysis and commentary in our premium episodes every week! https://www.patreon.com/thismachinekills Hosted by Jathan Sadowski (www.x.com/jathansadowski) and Edward Ongweso Jr. (www.x.com/bigblackjacobin). Production / Music by Jereme Brown (www.x.com/braunestahl)