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I don't disagree with your premise, but it's a slight exaggeration and isn't factually correct. > Yes, but no tech startup has ever employed this many non-Stan
by mbesto 12y ago
I don't disagree with your premise, but it's a slight exaggeration and isn't factually correct.
> Yes, but no tech startup has ever employed this many non-Stanford/MIT grads at relatively high wages.
They are contractors.[0] There is a big difference here, as a Stanford/MIT grad contracting would easily make 2x that of an Uber driver.
> Yet some drivers are earning more than entry-level engineers at these companies.
Proof? My understanding is that the rough maximum you can make driving is $25/hr. Most junior web developers contracting make $40+/hr in SV.
[0] - http://www.reuters.com/article/2015/03/12/us-lyft-drivers-idUSKBN0M72JM20150312 http://www.reuters.com/article/2015/03/12/us-lyft-drivers-id...
- downandout 12y agoI said that some drivers are making that much. This is anecdotal, but here is an interview with a Lyft driver (in front of Lyft's CEO) saying that she was surprised that she was making $300/day ($90K/yr....relatively close to the $40/hr you claim a junior web developer makes in SV when they have work): http://www.bloomberg.com/news/videos/2015-03-06/heard-lyft-was-a-great-way-to-make-money-hockaday http://www.bloomberg.com/news/videos/2015-03-06/heard-lyft-w...
- zaroth 12y agoA) $300/day is not 90k/yr unless you are working 6 days/week and 2 weeks off the whole year. B) There are significant direct costs that come out of that $300, it is not even $300 before taxes, it's $300 at the top of a Schedule C. I think many of these drivers simply have not done the math.