Uber, Lyft Drivers Earning a Median Profit of $3.37 per Hour, Study Says

Re:Uber, Lyft Drivers Earning a Median Profit of $3.37 per H... by cyclonetiger on Friday March 02, 2018 @10:13AM (#16502005)

This was my problem with the article. It assumes that people own vehicles for the sole purpose of driving for Uber/Lyft. Costs like maintenance, insurance, and repairs are arguably costs that every car owner has to pay for.

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Re:Uber, Lyft Drivers Earning a Median Profit of $3.37 per H... by ghaff on Friday March 02, 2018 @10:20AM (#16502073)

Maintenance and repairs are much more mileage-based than time-based though. If I drive 2X the number of miles in a year because I'm driving for Uber/Lyft, my maintenance/repairs on average are going to be about 2X what they would have been otherwise.

It's hard to tease apart fixed and variable costs in car ownership and it varies based on factors like climate. But, overall, car costs are significantly more about the number of miles than the number of years given relatively typical driving patterns.

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Re:Uber, Lyft Drivers Earning a Median Profit of $3.37 per H... by s73v3r_ on Friday March 02, 2018 @01:06PM (#16504102)

Those costs go up with the additional wear and tear of driving for Uber/Lyft.

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