How Long Can They Survive

[KmH]

How long will Uber & Lyft be able to keep conning drivers into driving for them, and keep investors throwing good money after bad?

How long before government drops a load of labor standards bricks on many other entities in the "sharing economy".

Uber and Lyft drivers' median hourly wage is just $3.37, report finds

“The most common feedback we hear from drivers is they end up earning a lot less than they expected,” said Campbell, who partnered with Zoepf on the surveys used in the paper. “There is a lot of turnover in the industry, and that’s the number one reason I hear from drivers why they are quitting – they are not making enough.”

Campbell pointed out that Uber itself had struggled to properly consider vehicle costs. Last year, the company shut down its US auto-leasing business after discovering it was losing 18 times more money per vehicle than it had previously understood. Some drivers claimed that the leasing program trapped them in debt.

emphasis added