91–100 of 273 posts
As a former pizza delivery guy, this seems odd to me. Before expenses, I’d make between 12 and 20 an hour depending on the night. The car I drove then had a KBB value of less than $3000 and it would have been eligible to use as an Uber. I just don’t see how you could possibly have such high levels of expenses unless you were paying like $600 a month for your car.
This doesn't surprise me at all and it's because of hidden costs incurred by the driver, combined with an implicit bidding system that drives down wages. 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/unp…
To add in to that, Uber itself seems to offer a lot of "helpful" services for their drivers, such as the cellphone they provide that only runs the driver app and nothing else, that uber charges $10 a week to lose.
You just install the driver app on your personal phone.
Earlier quoted context omitted.
I am a bit curious about the dockless bike shares too, I suspect the same thing.
I'm not as certain about that. Potentially optimistic, but I could imagine bikes taking on a larger role as we move to self driving cars. If you read threads about biking[0], people seem to be motivated to bike more than they are motivated to drive. Although these same people are stymied by negative conditions. Self driving cars could improve biking conditions by opening up roadways, making them safer, providing bett…
I don't think that I necessarily agree that this means bike shares will succeed though, I think private bike ownership has a lot going for it.
This doesn't surprise me at all and it's because of hidden costs incurred by the driver, combined with an implicit bidding system that drives down wages. 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/unp…
Big picture tech/gamification has reached a point where oversight/legislation of some sort is long overdue. No restrictions + profit motive with our current understanding of human psychology and dopamine triggers is a recipe for a bad time.
Earlier quoted context omitted.
Both Uber and Lyft have insurance policies that cover drivers and passengers during rides, and in most cases the maximum coverage per accident is $1 million. https://www.uber.com/drive/insurance/ https://help.lyft.com/hc/en-us/articles/115013080548-Insuran...
1 million is a laughable low coverage. Get into a single accident where someone has to get emergency surgery, a few months in the hospital, and then needs physical therapy to walk again. One million is gone faster than you can imagine.
Earlier quoted context omitted.
Both Uber and Lyft have insurance policies that cover drivers and passengers during rides, and in most cases the maximum coverage per accident is $1 million. https://www.uber.com/drive/insurance/ https://help.lyft.com/hc/en-us/articles/115013080548-Insuran...
However, the insurance provided by Uber and Lyft only cover when you have a passenger in the car -- they don't cover you when you are driving to pick up the next person. And your own insurance also doesn't cover you during that period, unless you buy a separate commercial rider.
https://www.uber.com/drive/insurance/
> While you’re online with Uber before you accept a request, you are covered by our insurance policy for your liability to a third party if you are in an accident when you’re at fault
> “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 don't get it. Taxicabs such as in NYC are famously expensive to buy into, and yet drivers somehow afford it and make livings on them. So if they are clearly not losing money, why is it that a company that's supposed to be vastly more efficient due to use of computers can't make a profit? Are the tech overheads really that high?
I could be totally wrong but if I were a betting man...
This doesn't surprise me at all and it's because of hidden costs incurred by the driver, combined with an implicit bidding system that drives down wages. 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/unp…
He also said "they're all from turnip town" which I thought was hilarious.