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That doesn't follow. It's absolutely possible for drivers to be net losers. Imagine than in some quarter Uber collected $3 billion of fares, received $5 billio
by Lazare 7y ago
That doesn't follow. It's absolutely possible for drivers to be net losers.
Imagine than in some quarter Uber collected $3 billion of fares, received $5 billion in services from drivers, paid the drivers $4 billion, and made up the $1 billion shortfall with investment.
Obviously drivers are making the free decision to drive for Uber, but it's no more implausible to think that some are working on mistaken assumption or will come out behind in the end than to think the same of investors. (Actually, if anything, it's more plausible, given the disparity in information and resources between the average Uber investor and the average Uber driver.) And certainly it's clear that some drivers are not coming out ahead here once you take account vehicle deprecation, running costs, opportunity costs, etc.
I'm not saying that's true, but to suggest that a company that is losing money can't also be exploiting their suppliers or employees seems obviously wrong. :)