Some studies have shown that after taxes, gas, wear on cars etc. many drivers are really losing money: https://www.fastcompany.com/40538647/nearly-a-third-of-uber-...
It was maybe true in the beginning when payouts were subsidized by VC, but the most recent rounds of driver payout cuts have led to a situation where a lot of drivers are recent immigrants who “lease” cars on a daily basis (at a rate around 75% of what they make a day). Many speak next to zero English; but that’s ok because Google Maps is localized in their native tongue. I’d say most of the drivers on the east coast fall into this category.
Does that sound familiar? Because it’s exactly how the legacy taxi industry worked. People would bring their relatives over, have them drive a taxi they owned, and collect nearly all of their earnings from providing a room to sleep in and a car to drive. It’s exploitative, yet it’s often one of the only jobs available to these communities. And Uber has zero disincentive to just pretend this old business model hasn’t just carried over into the new world where there’s no government regulation to address it.
And yes, I much prefer driving an Uber here to living and working in Russia.
I love how it's Uber that is giving drivers a rational option instead of the drivers giving Uber a rational option. It could go the other way, and be people giving Uber a "choice" of paying better and halting self-driving research or go out of business.