When the Supply of Uber and Lyft Drivers Rises, Their Earnings Fall

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There are 20 times as many Uber drivers as there were in 2013—and they make half as much as they did then

 

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American capitalism must go. It is far too harmful.

Do you think this statistic is because the uber drivers are just not driving as many people because they are doing it as a side job and not a main job?

Does this graph take into account the fact that more Uber drivers are starting this as a second or part time job where it’s just to make an extra buck and not to pay the bills?

Supply and demand

so flooding a market with labor reduces the price of labor if only there were some conclusion we might draw from this such many wow insight

And they drive 10 mph slower than the speed limit and stop in the middle of the road as they are trying to find their pickups. cellphones + uber drivers = the roads suck more than ever.

So more immigrant laborers (legal or illegal) means wages for American workers tends to go down as well. Someone tell Democrats this.

ECON101

Amazing when the market begins to correct.

Pigs at the trough?

Woah woah woah, spare us that supply and demand stuff. That's not how economics works. That's just a bunch of capitalist mumbo-jumbo. Skip ahead to the part where the drivers uprise against those who run the company and it becomes more successful than ever. /sarcasm

Ummm.... that’s how it works.

UBER long term success depends on self-driving...and that's a long way off.

Modern slavery

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