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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 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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