Uber

[tw]

Originally Posted by Clodfobble

No one is getting rich being an Uber driver.

That clearly was the point that UT ignored to argue. They see cash flow. Then mistakenly confuse that with income. Nobody can live on $8 an hour. Even in the 1960s, minimum wage was (in today's money) $12.

An Uber driver that gets $5 for a half hour almost never has a new fare one minute later. He is paid nothing to drive to his next fare. And again, the point. Uber drivers really do not know how little they are actually earning.

The Uber model would have been ideal for professional taxis. But those companies operate on razor thin margins. An Uber business model works when its drivers do not realize how little they are actually making.