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Because it takes time for the costs to be realized by the driver. Vehicle depreciation doesn’t meaningfully occur with every passenger mile, it piles up until
by newsclues 6y ago
Because it takes time for the costs to be realized by the driver.
Vehicle depreciation doesn’t meaningfully occur with every passenger mile, it piles up until you have a large repair bill.
- braythwayt 6y agoThen they’re out, and the next desperate person takes their place. Same economics as an unsafe, unregulated building site. Get paid cash under the table, pay no taxes, get no healthcare, make enough to get by, until you get sick or injured on the job, then you’re out and the next desperate person takes your place. The invisible hand.
- adyer07 6y agoSounds a bit like a modern version of The Jungle.
- jonfw 6y agoWhat about the uber drivers who rent cars and still find it worthwhile? Do the rental companies also not understand depreciation?
- qeternity 6y agoThe vast majority of Uber drivers I have are professionals doing it full time for many years.