Earlier quoted context omitted.
Also does that include repairs, depreciation, insurance etc. of the car? What about fuel?
It doesn't. After expenses/taxes deducted, they're making less than minimum wage. To me this just shows how much financially illiterate many Americans are; zero foresight beyond the amount in their bank account at any given moment.
Uber, Lyft drivers manipulate fares at DCA causing artificial price surges
251–260 of 303 posts
Re: Uber, Lyft drivers manipulate fares at DCA causing artificial price surges
#252Earlier quoted context omitted.
> I dont see how Lyft gets off calling this fraudulent. The workers are "defrauding" Capital out of greater-than-substance wages. It's bullshit, and they'll try to re-frame in in terms of customers, but that's essentially their view.
Not exactly. The percentage that Lyft takes is the same, so Lyft actually makes more money from these price-hikes. The ones suffering are the passengers.
10 rides at 10 bucks or 5 rides at 20 is the same for uber, but way better for the driver (and worse for the consumer).
Re: Uber, Lyft drivers manipulate fares at DCA causing artificial price surges
#253Earlier quoted context omitted.
Under the theory that Uber/Lyft employees are contractors and allowed to set prices, wouldn't coordinating ("conspiring") to do so en masse be considered price fixing? Personally I think they should be considered employees, but a pro-management federal prosecutor could make some trouble for them.
On that note, does it make a difference that they're collectively refusing work rather than collectively setting prices ? Uber and Lyft are still the ones actually setting the price. In the end I don't think it will matter, Uber and Lyft could probably code around this pretty easily if it started to affect their bottom line. When they see 100+ drivers in the same place go offline within X seconds of each other, it's…
Re: Uber, Lyft drivers manipulate fares at DCA causing artificial price surges
#254> They can’t afford to pickup people at Reagan for $4 in rush hour traffic. Are they really getting paid $4 to give someone a ride? That seems so low that drivers would be incentivized to find another job.
I'm not sure if the number is accurate but I do know how amazingly stubborn humans can be in finding a new job. I've had people refuse to quit a job that they groan about every day when I've offered them almost double the salary to work elsewhere with far better terms. Humans are risk averse and those who live paycheck to paycheck are especially so. It defies logic until you consider that their fear of the unknown +…
Re: Uber, Lyft drivers manipulate fares at DCA causing artificial price surges
#255What's the rational for percentage based fees? The technology cost for a 4 mile ride is the same for a 50 mile ride.
It's not just percentage based. There is a fixed booking fee sometimes as well.
Re: Uber, Lyft drivers manipulate fares at DCA causing artificial price surges
#256Earlier quoted context omitted.
DCA is also one of the easiest airports in the US to access the metro(public transit) out of the terminal. Is there a reason you just don't hop on the yellow line and get off at a less congested stop closer to your final destination?
Metro's hours are usually the problem for me, usually getting to the airport after the last train has left.
Re: Uber, Lyft drivers manipulate fares at DCA causing artificial price surges
#257Seems like a small software tweak is all it would take to obliterate this tactic, like updating surge pricing every time a driver logged in.
The whole point of surge pricing is to get more drivers on the street. If they decrease it that quickly, then there is zero incentive for a driver to leave their house and get in their car and get out on the street, because by the time they do that, the prices are back down.
Re: Uber, Lyft drivers manipulate fares at DCA causing artificial price surges
#258I dont see how Lyft gets off calling this fraudulent. Seems to me it's the system working as intended, and as it should. Drivers dont want to drive for under a certain value, so they simply inform the app who adjusts the value to fulfill demand. Seems like its what you want to happen.
> I dont see how Lyft gets off calling this fraudulent. The workers are "defrauding" Capital out of greater-than-substance wages. It's bullshit, and they'll try to re-frame in in terms of customers, but that's essentially their view.
Re: Uber, Lyft drivers manipulate fares at DCA causing artificial price surges
#259Re: Uber, Lyft drivers manipulate fares at DCA causing artificial price surges
#260When low paid workers coordinate their efforts to increase their pay it's called an "artificial price surge" and allegations of fraud are thrown around. When highly paid executives, investors, and board members coordinate their efforts to increase their pay what does the media call it?