4 ms·

I would assume it's exactly that. A passage from the article below: "The equivalent wage for drivers, who are considered independent contractors and have to co

by obenn 8y ago

I would assume it's exactly that. A passage from the article below: "The equivalent wage for drivers, who are considered independent contractors and have to cover their own expenses, is $17.22." It's up from 15$ baseline so I assume 2.22$/hr is what they benchmark fuel/maintenance to cost.

tjohns 8y ago
I've seen some other sources mention that the new minimum wage is actually "$27.86 an hour, which translates to $17.22 after expenses". [1] What they consider "expenses" there isn't specified, but that would put their estimate for driver costs at over $10/hour. Which actually seems more reasonable, given the cost of fuel. [1]: https://www.theverge.com/2018/12/4/18125818/uber-lyft-ride-share-new-york-wage-increase-minimum https://www.theverge.com/2018/12/4/18125818/uber-lyft-ride-s...