Re:Taxing Uber and Lyft rides is L.A's latest plan to free u...
by thisisweirdok on Thursday February 28, 2019 @09:58AM
(#19271693)
You're not talking a lot into account, especially that drivers are freelancers who own their own vehicles. That $6 per 15 minutes turns into $24/hr (if you're literally non-stop taking fares, which is impossible).
Then you have maintenance, wear, healthcare, retirement, etc... Just accounting for fuel and maintenance these drivers are making minimum wage without any benefits, even if they drive full-time.
The so-called gig economy is bullshit that erodes just about everything it touches, from workers rights to public services.
If they're undercutting public transport and doing so at a sustainable price, I view that as healthy competition. If they're undercutting solely based on VC subsidies, that will inevitably end. In the Boston market, I think they're likely profitable on an overall basis, just as grocers are overall (very slightly) profitable, even when they sell loss-leaders and give other subsidies to consumers.