http://fortune.com/2018/03/06/uber-lyft-mit-zoepf/
It's amazing how idiotic these researchers must be if they thought common folk will continue to lose money without noticing. They are not that stupid.
Seriously... do the researchers think people drive for Uber to be cute? People drive because it's the most economically viable option for them. The fact that these MIT researchers think so low of the average driver (that they would drive below minimum wage) disgusts me.
Disgrace. I’m now even more inclined to believe they earn way more than that. And let’s be honest, the flexibility and lack of a commute is a big bonus for most too. I guess TechCrunch and Gizmodo will be silent after their ridiculous articles on this.
$20 / Hour according to Harvard when they used our real data
Still a lot lower than I thought. Contractors can easily make 6 digit salary in a busy area like Seattle. It sounds like there is no point of driving Uber.
I once had a new driver who was a math whiz. Former engineer too He told me that he was probably not going to drive for much longer because he made a spreadsheet and all the calculations proved that he was making less than minimum wage after considering wear and tear and time and gas and whatnot. He was super smart and was going to start looking for a different retirement job.
Wow
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It did seem suspiciously low considering how many people want to drive. Every driver I talk to thinks they're making good money