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This is poor analysis. The writer takes an artificially high number ($9100), divides it by an artificially low number (12,000) and then multiplies it by an arti
by pbreit 13y ago
This is poor analysis. The writer takes an artificially high number ($9100), divides it by an artificially low number (12,000) and then multiplies it by an artificially high number (30 mph) resulting in just about the highest number possible.
Take a $15,000 car with a nice warranty and good mileage. $3 or so per hour for gas. $200/month for registration, insurance, etc. Maybe you'd get to $10 and hour in costs, but I doubt it. And the car would last for 10 years at least.
- brent_noorda 13y agoAt $10/hour expenses (your estimate) and $26/hour income (the original article's estimate) the Lyft driver is now netting $16/hour.