You left out the part where they're siphoning capital from their drivers: > Here is the thing about Uber and Lyft (and much of the “sharing economy”). > They

You left out the part where they're siphoning capital from their drivers: > Here is the thing about Uber and Lyft (and much of the “sharing economy”). > They don’t pay the cost of their capital. > The wages they pay to their drivers are less than the depreciation of the cars and the expense of keeping the drivers fed, housed, and healthy. They pay less than minimum wage in most markets, and, in most markets, that is not enough to pay the costs of a car plus a human. > These business models are ways of draining capital from the economy and putting them into the hands of a few investors and executives. They prey on desperate people who need money now, even if the money is insufficient to pay their total costs. Drivers are draining their own reserves to get cash now, but, hey, they gotta eat and pay the bills. https://www.ianwelsh.net/the-market-fairy-will-not-solve-the-problems-of-uber-and-lyft/ https://www.ianwelsh.net/the-market-fairy-will-not-solve-the...