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When you have no money net income is pretty damn obvious. I'd argue instead that they're actually pretty rational. The job requires no training and is untaxin
by JackFr 7y ago
When you have no money net income is pretty damn obvious. I'd argue instead that they're actually pretty rational.
The job requires no training and is untaxing both physically and mentally. Despite driver complaints, it's much more flexible than the vast majority of unskilled jobs. I'm sure for most long term drivers, the job basically sucks -- but it's still better than their next best alternative.
- beatgammit 7y agoIt's certainly better than getting a payday loan or something, but there's a good chance many workers are operating at a net loss, especially if they don't do their taxes right (e.g. claim a deduction for car expenses). Couple this with the general lack of financial education among the populace (40% would have trouble with an unexpected $400 expense, 20% don't have $400 in their bank account) and we have a real problem. As a society, we need to do a better job of teaching people how to evaluate opportunities. Driving 10 miles for a $3 delivery is probably a net loss, unless you can work out a clever tax arbitrage system (e.g. it costs you $0.25/mile to drive, but you deduct $0.50/mile on taxes). - [1] https://www.cnbc.com/2019/07/20/heres-why-so-many-americans-cant-handle-a-400-unexpected-expense.html https://www.cnbc.com/2019/07/20/heres-why-so-many-americans-...