>> The drivers wouldn't be driving if they weren't making any money.
This might surprise you, but most people are absolutely terrible when it comes to making complex financial decisions involving multiple variable factors over a period of time.
The tiny percentage of ride-share drivers who do meticulously keep track of their finances have all said the same thing: at the end of the day, when you factor in everything, you barely make any money - if everything goes well.
Sure people are terrible at decisions but that doesn't mean they're all stupid. I find it hard to believe that all these drivers can't figure out their costs, and everyone I've talked to has been fine with it.
The only time I hear complaints that driving isn't worth it is specific trips with traffic or a long dead leg back home, but that's not their entire driving history.
The other possibility you are ignoring is that a lot of those drivers may be aware that they are breaking even or barely making any profit, but may be choosing to continue driving because they love driving, or they love meeting new people, or they simply want to stay busy and be out and about instead of sitting at home and getting bored/depressed.
Basically, I don't buy the "so many people wouldn't continue doing it if they weren't making good money" argument.
Do you honestly think that is the majority? That they're doing it for fun? Have you ever driven for Uber? Have you talked to drivers? Why assume they're all irrational or incapable of figuring out what their time is worth?
I have direct experience with hundreds of drivers including many students, retirees, elderly, disabled and my own friends. They all do it because they get paid.
There are thousands of other things they would rather do for fun or to stay busy, not sit in traffic to drive strangers around.
This might surprise you, but most people are absolutely terrible when it comes to making complex financial decisions involving multiple variable factors over a period of time.
The tiny percentage of ride-share drivers who do meticulously keep track of their finances have all said the same thing: at the end of the day, when you factor in everything, you barely make any money - if everything goes well.