Uber and Lyft drivers' median hourly wage is just $3.37, report finds

Re:Uber and Lyft drivers' median hourly wage is just $3.37, ... by nraynaud on Friday March 02, 2018 @01:08AM (#16499476)

I was skeptical about the business model, the bikes cost a lot, are rented for cheap, and for some reasons the companies go head to head in the same towns instead of covering different areas.

And if they kill each other and the winner raises the price, I suspect Detroit wins.

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Re:Uber and Lyft drivers' median hourly wage is just $3.37, ... by teeteetech on Friday March 02, 2018 @01:39AM (#16499591)

Yeah, the biking model seems fairly easy to speculate on, but sort of hard to pin down. Here's some speculation from a per bike perspective.

Revenue

  daily rides*365*$1

Costs

    $250 per bike
  + $15 per month for maintenance
  + 20% chance of catastrophe amortized over the fleet
  = ~$500

+ rebalancers + insurance + overhead?

So maybe 2 rides per bike per day gets them in the green?

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