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To: socialism_stinX

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...


15 posted on 05/25/2017 8:28:04 PM PDT by Mr Rogers
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To: Mr Rogers

“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.


19 posted on 05/25/2017 8:42:25 PM PDT by Persevero (Love you guys)
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To: Mr Rogers

Did you tell those drivers that they were making almost nothing, and if so how did they react? I just find this subject interesting.


20 posted on 05/25/2017 8:44:38 PM PDT by socialism_stinX (Not only does socialism stink, but when given enough time it wrecks any national economy.)
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To: Mr Rogers
If an Uber driver accounts for all their costs, then they make almost nothing.

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.

29 posted on 05/25/2017 9:02:51 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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