And you thought your boss was terrible…
Uber has announced another app, called ‘Uber Works’, which looks to pair businesses with temporary workers.
The new app, which debuted last Thursday in the Windy City, will let users search through jobs by location, pay, and skill. Uber will outsource workers benefits and pay to staffing companies, but will use an inhouse algorithm to set wages for the jobs on the app in lieu of employers setting the pay rates themselves. Wait, what?
This move looks to capitalize on the gig economy (you know, the one that Uber takes advantage of), which, based on estimates from the Bureau of Labor Statistics, should account for 43% of the US workforce by 2020… 100% of which are still grifting off their parents.
Of course, being the “Uber of temp workers” isn’t necessarily a novel concept. Upwork and Fiverr, which went public last year and this year, respectively, are already connecting gig workers with potential employers.
We fly high, no lie
In addition to announcing Works, Uber has expanded its helicopter service, Copter. What was previously only available to the elite (platinum and diamond tiers) is now accessible to all Uber members within New York City. For $200 to $225 per person (one way), users can fly high above the traffic, looking down at the plebs while they hurry off to their date with Becky at Nobu.
The bottom line…
Uber has struggled to turn a profit (read: failed in 9 out of 10 quarters since 2016). In Q2 2019, the ride-hailing app recorded a quarterly loss of $5.2B, it’s largest on record, but looks to close the gap in Q3 to roughly $3B. These additional revenue streams should help going forward. Or, it could go about as well as Uber Eats… the f*ck if I know.
Bottom line: “Uber is quickly becoming the guy everyone knows who is really, REALLY into something new every two weeks.” – Jason