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posted by mrpg on Saturday March 03 2018, @12:35PM   Printer-friendly
from the dont-do-it dept.

A study conducted by the MIT Center for Energy and Environmental Policy Research analysed revenue and costs for over 1100 Lyft and Uber drivers, with the conclusion that most earn below minimum wage for their state and about 30% actually lose money when all the costs of owning and operating their vehicles are taken into account.

"A Median driver generates $0.59 per mile of driving, and incurs costs of $0.30 per mile", "On an hourly basis, the median profit was $3.37 per hour".

Because actual vehicle operating costs are significantly lower than the IRS allowance of $0.54/mile, many drivers report incomes that are substantially lower that their actual incomes, leading to a large pool of untaxed income (although it is small for each driver).

Techcrunch has a summary


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  • (Score: -1, Flamebait) by Ethanol-fueled on Saturday March 03 2018, @01:20PM (2 children)

    by Ethanol-fueled (2792) on Saturday March 03 2018, @01:20PM (#647033) Homepage

    Buncha goddamn Jews. FU\uck them.

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  • (Score: -1, Offtopic) by Anonymous Coward on Saturday March 03 2018, @02:05PM (1 child)

    by Anonymous Coward on Saturday March 03 2018, @02:05PM (#647045)
    Then how do you explain MIT hanging Aaron Swartz out to dry? That goes against the stereotype of banding together and helping eachother advance.
    • (Score: -1, Offtopic) by Anonymous Coward on Saturday March 03 2018, @02:09PM

      by Anonymous Coward on Saturday March 03 2018, @02:09PM (#647046)

      Did the women scream because the man grinned, or did the man grin because the women screamed? Regardless of how much scholars investigated this matter, they never arrived at an answer.

      What was certain, however, was that the woman whose corpse the man just tossed into a dumpster would not be missed; it was truly a victory for men's rights.