Million of people are not rational and naive? I doubt that.
Look, the costs with Uber are pretty straightforward: you have car payments, insurance, periodic maintenance and finally gas. People really aren’t too stupid to realize that their Uber income doesn’t cover their car payment.
IRS has a nice estimate of average cost of driving, it’s 58 cents per mile. If you are doing more than that, you are making money, and at Uber you make significantly more than that.
Look, the costs with Uber are pretty straightforward: you have car payments, insurance, periodic maintenance and finally gas. People really aren’t too stupid to realize that their Uber income doesn’t cover their car payment.
IRS has a nice estimate of average cost of driving, it’s 58 cents per mile. If you are doing more than that, you are making money, and at Uber you make significantly more than that.