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One driver was a PYT and recent immigrant driving a luxury Mercedes C class. Wasn't hers. Sugar daddy's? Something else?
Doesn't make sense. I feel there's something else going on.
Many will have a story about being hired to transfer a bag or a box. Drugs? Money? Guns? Even then there couldn't be enough business to make a good profit.
> “The companies are losing money. The businesses are being subsidized by [venture capital] money … And the drivers are essentially subsidizing it by working for very low wages.” Last time I pointed that out I was downvoted for some unknown reason. My neighbor was talking about buying a new car to drive for lyft/uber and I was like "the trick is to tear up somebody else's car." We'll see if he heeds my advice though…
I didn't know MBA's were that squeezed that they need second jobs.
> “The companies are losing money. The businesses are being subsidized by [venture capital] money … And the drivers are essentially subsidizing it by working for very low wages.” Last time I pointed that out I was downvoted for some unknown reason. My neighbor was talking about buying a new car to drive for lyft/uber and I was like "the trick is to tear up somebody else's car." We'll see if he heeds my advice though…
That number is obviously going to be controversial. How was it calculated? What assumptions were made? In their own article every single other source they reference provided higher numbers. How much higher? What were the exact reasons for the discrepancy? They did state that other studies showed higher earnings because "there are numerous ways to report income and to calculate costs and time and miles spent on the job." Why did this study report lower income, more miles, or higher costs?
I wish the job of journalism was still to inform people, and not just to get people to click on things.
I've taken many Lyft and Uber trips in SF recently. It's amazing how many have new, high end cars. One driver was a PYT and recent immigrant driving a luxury Mercedes C class. Wasn't hers. Sugar daddy's? Something else? Doesn't make sense. I feel there's something else going on. Many will have a story about being hired to transfer a bag or a box. Drugs? Money? Guns? Even then there couldn't be enough business to make…
Earlier quoted context omitted.
Isn't Waymo already first to market?
What product do they have on the market?
But looks like I was wrong. They do have a self driving car service running for a group of testers, but apparently it is currently free so I don't think it counts. On the other hand they've got permission to start charging and have said they plan to this year, so I'd still expect them to beat Tesla.
Source: https://www.digitaltrends.com/cars/waymo-now-a-full-ride-hai...
Any Uber drivers want to chime in?
This seems rather low. Granted it's been almost two years since I drove for (primarily lyft) and I was making 50k/year for about 70h work a week. And also I gave myself about 6 weeks of vacation over that year and half.
> “The companies are losing money. The businesses are being subsidized by [venture capital] money … And the drivers are essentially subsidizing it by working for very low wages.” Last time I pointed that out I was downvoted for some unknown reason. My neighbor was talking about buying a new car to drive for lyft/uber and I was like "the trick is to tear up somebody else's car." We'll see if he heeds my advice though…
I didn't know MBA's were that squeezed that they need second jobs.
Earlier quoted context omitted.
They are basically biding their time until driverless cars take off it seems.
Driverless cars in urban areas are decades away
Hidden costs:
1. Vehicle wear and tear (cars cost you money when you drive them)
2. Vehicle depreciation (cars cost you money even when you aren't driving them)
3. Interest and fees associated with auto loans and leases
4. Insurance premiums
5. Gas
6. Unexpected/unplanned for tax bills
But the feedback you're getting about your income is just the dollar figure that shows up in your account, which is vastly higher than the true amount you could reasonably keep as profit. It makes $10 feel like $100.
Combine that with the implicit bidding system. And by this I mean, market forces will naturally saturate Uber and Lyft with drivers until the price falls low enough that drivers won't accept it. And because of the factors I listed above, that natural price point is practically guaranteed to be well below minimum wage.
The whole setup is just beautifully engineered to trick poor people into thinking this can be a career. I've often thought about which is worse, this or Herbalife. I think Uber and Lyft might impact more people than Herbalife, and generally those people start with less, so I might give it to Uber and Lyft.
Actually, it's also a profession that has one of the highest rates of workplace fatalities, so I'd definitely give the title to Uber/Lyft over Herbalife.