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flames5123 ,

Like, in Seattle, I’m taking Lyfts and Ubers for ~$35 for a 20 minute drive. They could pay their driver $16 to cover the minimum wage for the full hour and then they still have OVER 50% of what I pay. Like, it’s such simple business economics. Why can’t these big corporations figure it out? I hope they get taken over by local services that actually pay their workers.

FederatedSaint ,

I don’t know the economics, truly, but there are a LOT more expenses involved in running a large business like Uber on top of driver wages, such as technology service and hardware costs, programmers and central admin/customer service, rent or cost of buildings including utilities, insurance, taxes, fees, consulting and auditing, cybersecurity, legal, and probably quite a bit more I can’t think of. Running a business is friggin expensive.

Definitely not defending paying workers less, just trying to explain why they still might not be in the black even in your scenario.

Daft_ish ,

They shouldn’t even exist in the space since they skirted regulators when setting up. It’s like if the pirate bay set themselves up as a legitimate business.

Mycatiskai ,

They would only need to pay the driver 1/3 of the hourly wage for your 20 min ride so 5.3 dollars. Uber/Lyft would make 29-30 dollars.

xmunk ,

That’s assuming the cars always have a fare on board - one truth of running a taxi is that there’s a lot of downtime when you don’t have a customer.

gardylou ,

The extrapolated head math people like to do based on their narrow interactions to determine how large companies should run is rarely right or useful.

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