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April 15, 2016 08:01 am PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/G-0s2bDDWAQ/uber-and-lyft-dont-cover-the.html
Uber and Lyft don't cover their cost of capital and rely on desperate workers
Uber and Lyft are only economically viable because they offload their cost of capital -- the investment and depreciation on cars and the cost of keeping a driver fed and healthy -- onto the drivers, who are only willing to accept such a bad deal because the labor market sucks. (more…)
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/G-0s2bDDWAQ/uber-and-lyft-dont-cover-the.html
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