Every time I ride with an exuberant Uber driver I warn them that wages will erode. Uber's (and competitors') intentions are to monopolize as much marketshare a

Every time I ride with an exuberant Uber driver I warn them that wages will erode. Uber's (and competitors') intentions are to monopolize as much marketshare as fast as possible then increase margins. Today's drivers are overqualified for their position and these (already reduced) wages will continue dropping until they are slightly above fast-food wages.