Talked to a yellow cab driver about this last week. His perspective is that uber's market share and the resulting price power lets them set the market price for

Talked to a yellow cab driver about this last week. His perspective is that uber's market share and the resulting price power lets them set the market price for rides below what constitutes a living wage for a driver. Uber is simultaneously lower rates & raising the margin they take from the driver. This means drivers are loaning uber money out of their savings to operate a money-losing business. Only question is whether drivers will run out of savings before uber can roll out driverless.