4 ms·

How would those people have found steady income driving strangers every day without Uber? My mind draws a blank. Uber does not have a monopoly like a stock mark

• asdff 6y ago
  They would have picked up another job or shift rather than work rideshare. The whole appeal was this was something you can do for some beer money once a week, but now people who would have been working 2 jobs are working 1 job and ubering, and given you are operating your own vehicle, I'm not sure how much you actually make relative to picking up a second shift at taco bell. Honestly, transit is a tough nut to make profit on. Pacific Electrics red cars in LA failed to make a profit and folded. All the private railways in NYC failed to make a profit even during the days when people had to either take a train or walk, and still folded (these bankrupt companies were bought up cheap publicly and became the mta) Public transit looses money just like highways do, but all of this is justified because the gain is realized in other sectors of the economy. However, uber and lyft are private companies and don't benefit from general gain in other sectors, so in my mind these companies have an expiration date once vc investors finally open a history book.