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A comment on Uber and Lyft drivers' median hourly wage is just $3.37, report finds. Parent comment

Re:Uber and Lyft drivers' median hourly wage is just $3.37, ... by UncleEntity on Friday March 02, 2018 @12:37AM (#16499346)
My theory is they are attempting to put the competition out of business by running at a loss then adjust the rates to where they can make money which, coincidentally, will be be almost exactly the amounts the "evil" taxi companies were charging.

I could be totally wrong but if I were a betting man...

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Re:Uber and Lyft drivers' median hourly wage is just $3.37, ... by chadrs on Wednesday March 07, 2018 @03:50PM (#16539758)
By the way this behavior is illegal in many countries: https://en.wikipedia.org/wiki/Predatory_pricing#Legal_aspect...
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Re:Uber and Lyft drivers' median hourly wage is just $3.37, ... by pesfandiar on Friday March 02, 2018 @01:44AM (#16499617)
That's still a win for consumers, because they certainly raised the bar for customer experience. They run leaner than old-fashioned cab companies and can keep prices lower at the end too.
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Re:Uber and Lyft drivers' median hourly wage is just $3.37, ... by gaius on Friday March 02, 2018 @05:34AM (#16500422)
That's still a win for consumers

No it isn’t, because externalities. With Uber dodging all its taxes who is paying for the infrastructure and services it relies on?

If you are an Uber driver in London neither you nor Uber is paying any NI but you’d still expect the NHS to treat you...

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Re:Uber and Lyft drivers' median hourly wage is just $3.37, ... by hrasyid on Friday March 02, 2018 @04:04AM (#16500087)
Is it a win for society, though? If they ended up being a stronger and more global monopoly than cab companies, the savings from being "leaner" would just end up in the pockets of the few and everyone else would not be better off.
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