The uglier sides of an industry centered on beauty
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 13 February 2024
⏱️ 7 minutes
🧾️ Download transcript
Summary
Modeling may seem glamorous, but the realities of the industry can be far from picture-perfect. Today, as part of our Econ Extra Credit series, we take a hard look at what is being done to protect models and hold the agencies that sometimes recruit and exploit them accountable. Also: the most watched program in U.S. history and a brief, planned Valentine’s Day strike among ride-share drivers.
Transcript
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| 0:00.0 | 5.38 p.m. Las Vegas time last Sunday the moment the country effectively united. |
| 0:08.0 | I'm David Brancaccio. First, some drivers for Uber and Lyft are planning to strike at times tomorrow, Valentine's Day. |
| 0:15.7 | They want the platforms to take a smaller share of the money drivers take in and improve working |
| 0:21.3 | conditions. |
| 0:22.3 | Marketplace's Novas Safo has more. |
| 0:24.2 | Drivers are expected to strike for two hours between 11 a.m. and 1 p.m. |
| 0:28.6 | the idea is to not accept rights to and from 10 airports, including some of the nation's busiest, Chicago's O'Hare, Miami International, and Newark in the New York City area. |
| 0:38.0 | The drivers say the commissions that right-chair companies take are too big. |
| 0:42.0 | Among other things, they want commissions capped at |
| 0:44.4 | 10 percent. Also a minimum wage guarantee, health care benefits, and an independent |
| 0:49.3 | appeals process for drivers who are booted off platforms. |
| 0:53.0 | Just last week in a bid to lure more drivers, |
| 0:55.0 | Lift said it would guarantee that drivers keep 70% of what customers pay, |
| 1:00.0 | that's after external fees such as local taxes are deducted. |
| 1:03.8 | At the same time, Lyft and Uber are engaged in fierce competition for post-pandemic market share. |
| 1:09.1 | That competition includes a price war. |
| 1:11.4 | Lyft has been trying to limit the use of surge pricing, something the company says |
| 1:14.6 | customers loathe. |
| 1:16.2 | But drivers complain that their earnings are decreasing. |
| 1:19.2 | One demand is for minimum pay to match New York City's nearly $28 an hour. I'm Nova Soft for Marketplace. |
| 1:25.0 | Predictions were maybe a hundred million people would watch the Super Bowl now |
| 1:30.0 | I spot says it was a hundred and 26 million up 11% from a year earlier. |
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