Mine too, but I'd say it is more that Über is exploiting driver behavior.
If you assume there's the $9.50 wage someone calculated above.
+ maybe some premium for being able to schedule work hours yourself.
+ surge pricing, which doesn't seem accounted for.
Transportation companies are making money on the inability of drivers to calculate their expenses properly. People are likely "more satisfied" w/ Uber b/c they don't calculate what the actual money they make.
It's interesting, b/c it makes you wonder about other questions around Uber's model in the longer term as drivers have more information.
==
This brings up an interesting issue -- will driverless cars actually _reduce_ profits (of transportation companies) and _increase_ competition?
If you assume there's the $9.50 wage someone calculated above. + maybe some premium for being able to schedule work hours yourself. + surge pricing, which doesn't seem accounted for.
Transportation companies are making money on the inability of drivers to calculate their expenses properly. People are likely "more satisfied" w/ Uber b/c they don't calculate what the actual money they make.
It's interesting, b/c it makes you wonder about other questions around Uber's model in the longer term as drivers have more information.
== This brings up an interesting issue -- will driverless cars actually _reduce_ profits (of transportation companies) and _increase_ competition?