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).
(Score: 0) by Anonymous Coward on Saturday March 03 2018, @07:09PM
Are you suggesting the the way Betsy DeVoss made her money is what contributes to Americans being unable to do math, and figure out that Uber is a scam?
Uber School: have a living room that is empty during the day? Can you read?
Uber Laundry: amortize your appliances!
Uber Barber!
Uber Opioids.