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The difficulty would appear to be that there are more people who would like to drive than there are riders who would like to ride at a wage that the drivers wou
by ISL 8y ago
The difficulty would appear to be that there are more people who would like to drive than there are riders who would like to ride at a wage that the drivers would prefer.
Ride-share drivers already have a way to signal to the market that ride-share wages are too low -- choosing to do something other than drive. It is the absence of an alternative source of income that would make low ride-share wages painful.
Once ride-share drivers meet the minimum threshold for driver quality/safety, they are, perhaps unfortunately, a commodity in the eyes of the market, and commodity markets are brutal.
- thegabez 8y agoThat is why this would work. Ride prices becoming a bidding war between drivers. Say the price of an Uber ride is $5.00, why wouldn't a driver bid $4.50 for the same ride, they take more of the profits? Furthermore, if I'm a driver at the end of my shift and that rider wants to go to the corner store next to my home, I'd bid even lower to win the ride. Thus, drivers and riders are better off.