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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).
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MIT Study Shows How Much Driving for Uber or Lyft Sucks
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... I want to perform cranial activities with Tuesday Weld!!
(Score: 2) by All Your Lawn Are Belong To Us on Monday March 05 2018, @03:58PM
I'll bite.
Because the taxes I pay will end up footing the bills for their medical coverage. Because the food I donate to food banks will be eaten by them - which I don't begrudge in the slightest, but I abhor the notion that the upper tiers of their company rake in millions in salary while their lowest of the low require charity to survive.
In short: Because they are privatizing their profits while shifting their social losses to the public.
So, yes. I'll work at stopping them. BECAUSE THERE IS A SOCIETAL COST WE ALL PAY FOR THE GREED OF UBER AND LYFT.
Clear enough?
This sig for rent.