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"the drivers barely earn more than they spend" When figuring in all the costs, like car depreciation and maintenance, they actually earn less than they spend.
by pmoriarty 6y ago
"the drivers barely earn more than they spend"
When figuring in all the costs, like car depreciation and maintenance, they actually earn less than they spend.
- VBprogrammer 6y agoThat can't possibly be true surely, a whole industry of people can't have failed to notice that they are losing money over time.
- aeturnum 6y agoThere was a study which suggest this is the case about 30% of the time[1], though they have also been criticized by Uber and others as under-counting the amount of money gained from ridesharing[2]. I think it's fair to critique the ridesharing companies for using a business model that requires their workers to do far more complicated calculations than most workers in order to ensure that they are working in a financially beneficial way. [1] https://orfe.princeton.edu/~alaink/SmartDrivingCars/PDFs/Zoepf_The%20Economics%20of%20RideHialing_OriginalPdfFeb2018.pdf https://orfe.princeton.edu/~alaink/SmartDrivingCars/PDFs/Zoe... [2] https://www.vox.com/2018/3/3/17074782/uber-mit-study-less-than-4-hour-flawed https://www.vox.com/2018/3/3/17074782/uber-mit-study-less-th...
- DangitBobby 6y agoFound this [1] in the Twitter thread linked in the Vox article. MIT revised upward their estimation of taxi-app drivers' income significantly after taking into account some criticism of their methods: 1. https://www.npr.org/sections/thetwo-way/2018/03/07/591430857/researcher-says-criticism-is-valid-will-revise-study-finding-low-uber-and-lyft-p https://www.npr.org/sections/thetwo-way/2018/03/07/591430857...