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Uber and Lyft don't cover their cost of capital and rely on desperate workers

April 15, 2016 - Uncategorized


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.

Source: Boing Boing

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