If an Uber driver accounts for all their costs, then they make almost nothing. At least, that is what I saw doing volunteer work on taxes...
“If an Uber driver accounts for all their costs, then they make almost nothing. At least, that is what I saw doing volunteer work on taxes...”
100% correct.
Uber at their current rates is not sustainable.
They do not charge enough for their rides.
They are merely grabbing market share by burning through venture capital and subsidizing rides - heavily.
Did you tell those drivers that they were making almost nothing, and if so how did they react? I just find this subject interesting.
That's the idea. It's why the owners are worth billions. And they'll eventually take the humans out of the loop. They won't be needed.