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Yeah, this was somewhat obscured in Uber's early days when the US unemployment rate was 7-9%, and it was easier to get drivers. But even then, it really only w
by aetherson 4y ago
Yeah, this was somewhat obscured in Uber's early days when the US unemployment rate was 7-9%, and it was easier to get drivers. But even then, it really only worked because drivers were paid more than passengers paid, with VCs picking up the difference.
In today's low-unemployment-rate world, there's pressure to pay drivers more and VCs aren't going to pick up the costs, so... it's expensive.