4 ms·
My sense is that Uber's current rates aren't entirely sustainable for drivers. They're able to recruit people who already own a car, and treat it mostly as a s
by russell_h 11y ago
My sense is that Uber's current rates aren't entirely sustainable for drivers.
They're able to recruit people who already own a car, and treat it mostly as a sunk cost, when in reality being an Uber driver will significantly decrease the vehicles lifespan and increase maintenance costs.
- lenley 11y agoMine too, but I'd say it is more that Über is exploiting driver behavior. If you assume there's the $9.50 wage someone calculated above. + maybe some premium for being able to schedule work hours yourself. + surge pricing, which doesn't seem accounted for. Transportation companies are making money on the inability of drivers to calculate their expenses properly. People are likely "more satisfied" w/ Uber b/c they don't calculate what the actual money they make. It's interesting, b/c it makes you wonder about other questions around Uber's model in the longer term as drivers have more information. == This brings up an interesting issue -- will driverless cars actually _reduce_ profits (of transportation companies) and _increase_ competition?