Uber is very good at raising piles of money from investors, but it is not very good at making profits. So the company is resorting to a tried and true tactic of businesses in industries with small profit margins: lobbying for regulations that will kill smaller competitors and prevent new entrants.
Uber has issued a new lobbying agenda, and CEO Dara Khosrowshahi has placed an op-ed in the New York Times explaining why drivers and other gig-economy workers need more protections and benefits. Implicit in the piece is that Uber won’t help its drivers unless the government forces it to. It’s no mystery why it’s doing this: It’s naked regulatory robbery.
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