Quote:
Originally Posted by Undertoad
They're the ones doing it, and if they do it for six months they will know an awful lot more than you.
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Numbers ignored to make an emotional conclusion. Slang, on the othe rhand, posted logically. Surge pricing, for example, does make more money. And, ironically, surge pricing has made transportation much more available at those venues.
One can go for years with a large cash flow (believe they are making money) all while loosing money. Then many years later, expenses are incurred / realized. Another classic example of why finance numbers do not report reality until so many years later. So, as Slang noted, some do not care they are losing money.
Are they making money? Yes, if one can live and save at less than or around minimum wage. Why do professional taxis cost more? They are not burning their candles at both ends. They are charging based upon what it really costs to drive a mile. They know what the real profit margin is.
Many Uber drivers do not know how much each mile costs. And would not learn until many years later when expenses are finally incurred. Many Uber and Lyft drivers do not know how little money they are actually making. Since resulting costs only appear long later. As Slang notes, some do not care. Or it is the only job they currently can get.