CLEAN : An expert discusses California's gig economy rights bill

The video discusses the implications of employees becoming eligible for benefits like minimum wage and unemployment insurance, which increases labor costs by about 30%. Companies argue this poses a risk to their business model. However, they can offset costs by raising fares slightly without affecting ridership, which has been growing. Companies can also reduce commission rates and still remain profitable. The video compares these commission rates to those in other industries, like Visa and MasterCard, which have much lower markups but still generate profit.

What are the differences in commission rates between ride-sharing companies and credit card companies?

How do the markup rates for Visa and MasterCard in Europe compare to those in other regions?