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Uber CDR (CAD Hedged)
Symbol UBER
Shares Issued 20,450,000
Close 2026-06-23 C$ 10.25
Market Cap C$ 209,612,500
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Post provides the Ayn Rand view of Uber's unionization

2026-06-24 09:24 ET - In the News

The Financial Post reports in its Wednesday edition that Uber drivers in Victoria recently unionized. Howard Levitt and Jensen Mccauley write that out-of-touch labour activists across the country undoubtedly celebrated this announcement, but such celebrations will be short lived as drivers learn what unions will actually bring -- mandatory dues, seniority rules, grievance wars and no guarantee of a pay increase. As independent contractors, the worker is in business for themselves, can set their own schedules and is not disciplined or controlled by the company. Outfits like Uber are facilitators, connecting workers to clients. This means they did not receive the benefits of provincial employment standards legislation. They do not receive vacation days, vacation pay, overtime or severance pay -- but they do receive other benefits, such as greater control and management over their own lives, performance and business. A high-performing, entrepreneurial Uber driver could further their business, getting more trips, higher ratings and greater earnings. A less entrepreneurial driver won't -- and may feel as though they are being shortchanged. This perceived lack of rights is likely what led Victoria's Uber drivers to unionize.

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