Economy

Episode 34: This Expert Predicted Travis Kalanick Would Resign Now He Has a New Prediction for Uber

July 7th 2017

By:
ATTN: Staff

In 2015, Steven Hill, author, Senior Fellow at the New America Foundation, and Holtzbrinck Fellow at the American Acadmey in Berlin, published the book "Raw Deal: How the 'Uber Economy' and Runaway Capitalism are Screwing American Workers." In the book, Hill—in essence—predicted Travis Kalanick's downfall. 

"Despite its astounding early success, Uber is becoming its own bubble that seems likely to burst," Hill wrote. "The company is walking a tightrope, led by its notorious CEO, Travis Kalanick."

Uber CEO Travis Kalanick

Two years later—and mere days before "Raw Deal" was released in paperback—Kalanick resigned as CEO.

Senior Editor Sarah Gray spoke to Hill the day after Kalanick's resignation—which followed an avalanche of damning company scandals. Hill acknowledged that Uber's "pernicious bro culture" has to change, but he also described another set of issues that the ride-sharing company has to fix in order to survive: its inability to keep drivers, and the fact that the company is still being subsidized by venture capital money.

In the latest episode of "Got Your Attention," Hill lays out what Uber must do to stay afloat. He and Gray also dive into how to protect workers in an economy that is shifting to a workforce of freelancers, discuss how local and state governments can be on the front lines of new gig-economy policies, and an option for health care that we often overlook.