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>"E.g. if a rider works 40 hours a week and uses ridesharing for 2 hours a week, for the driver to earn as much as them, they'd need to be spending 5% of their
by bogomipz 8y ago
>"E.g. if a rider works 40 hours a week and uses ridesharing for 2 hours a week, for the driver to earn as much as them, they'd need to be spending 5% of their pretax income on the ridesharing, in addition to gas and car value, with a multiplier on top for ridesharing inefficiencies since drivers don't magically pick up new riders in the same time and spot that they drop off."
Could you elaborate on the math? How do the 40 hours vs 2 hours relate? Where does the 5% pretax income number come from? Genuinely curious.
- duck 8y agoNot sure if I agree with the math, but 2 hours is 5% of 40 and it is pretax as they would have to pay taxes on top of that amount.
- bogomipz 8y agoI see, that's the piece that wasn't clear this presume that both the rider and the driver make the same hourly wage. That makes sense. But like you pointed out this is pre-tax and also you have to factor in insurance, car maintenance etc so it would probably work out to much much higher.