Re:Stop calling it the Sharing Economy – That isn’t what it is
by ucaetano on Thursday August 20, 2015 @02:37PM
(#10093752)
Nope, not significant at all, you can lease a reasonable, "uberable" car for way less than $200/month (which already includes depreciation).
If the car is used on Uber for (a very conservative estimate) of 20 hours per week, ~150 hours per month, that's about $1/hour in asset costs. Let's say maintenance and what not costs another 50% of that plus another 50% of whatever, we're still talking $2/hour in asset costs, which is far less than minimum wage.
If the car is used on Uber for (a very conservative estimate) of 20 hours per week, ~150 hours per month, that's about $1/hour in asset costs. Let's say maintenance and what not costs another 50% of that plus another 50% of whatever, we're still talking $2/hour in asset costs, which is far less than minimum wage.