Uber CEO Calls for Rebalancing of Capital and Labor Taxation

Uber CEO Dara Khosrowshahi stated that the current economic landscape highlights a growing disparity between returns on capital and returns on labor. Speaking on CNBC, he argued that the U.S. tax code unfairly favors capital gains over regular income, suggesting a need for legislative recalibration to address the impact of inflation on workers.

Khosrowshahi addressed the role of technology, noting that artificial intelligence is heightening labor anxieties by potentially displacing human workers. While he acknowledged the power of AI, he emphasized that the current economic structure fails to prioritize workers' share of economic growth, a trend he identified as worsening since the 2008 financial crisis.

These comments coincided with Uber’s third-quarter report, which detailed $14.8 billion in revenue, a 10% increase year-over-year. As the company expands its autonomous vehicle operations, with plans for 700 driverless units by year-end, the debate over the future of labor remains a focal point for the gig-economy giant.