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It's great to see how easy it is for drivers to switch networks if they are unhappy, but drivers have to understand that prices are going down and they'll likel
by seanmccann 12y ago
It's great to see how easy it is for drivers to switch networks if they are unhappy, but drivers have to understand that prices are going down and they'll likely earn less money over time on all networks.
When articles are posted about Uber drivers earning $90k/yr, I'm sure many folks quit their $40k office job and hit the road. The thing is, driving taxi is pretty low skilled so the growing supply of drivers will really push down their income. There's an efficiency problem when an Uber driver "can earn" more than 75% of Americans, and existing drivers have been reaping the benefits of those inefficiencies.
- potatolicious 12y agoEven if $90K a year is sustainable, driving a taxi is a very high-expense business. You'll drive your car into the ground far quicker than you did before, insurance is going to be insanely expensive (an UberX driver I talked to once told me his insurance is $7K a year), and gasoline isn't free (and getting less and less free every day). The take-home from $90K driving taxis is very different than the take-home from $90K sitting at a desk.
- deleted 12y ago[deleted]