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I love uber and use it daily. I live in NYC where taxis have been getting worse and worse over the past few years. I am very concerned about how much their "co
by ranman 11y ago
I love uber and use it daily. I live in NYC where taxis have been getting worse and worse over the past few years.
I am very concerned about how much their "contractors" make though. Some of the drivers I speak to claim they can make 100k a year driving just Friday and Saturday nights... others say they aren't making much profit after insurance, TLC, and leasing costs.
- carterehsmith 11y agoHonestly, what would be nice to see, is the breakdown: who is making money, and how much, when one rides the taxicab, i.e. Uber vs Yellow Cab vs whatever-cab. Also, whether the price is sustainable, or is it just price-dumping. I want to give more money to the cabbie driver, and then less and less to the broker (Yellow Cab or Uber) (10% finders fee is what is common in other businesses), medallion owner (0% - provides no value), car owner (investor - 10% a year would be great investment), licensing board (fixed fee, say $300), insurance ($thousands per year for sure), and whoever else is trying to make money on this.