This is a common refrain I see posted that drivers are getting screwed. I'm curious what this actually means, in detail, and why anybody would drive for Uber if this is the case?
Vehicle depreciation doesn’t meaningfully occur with every passenger mile, it piles up until you have a large repair bill.
Same economics as an unsafe, unregulated building site. Get paid cash under the table, pay no taxes, get no healthcare, make enough to get by, until you get sick or injured on the job, then you’re out and the next desperate person takes your place.
The invisible hand.
Do the rental companies also not understand depreciation?
By having an on demand workforce, they can fire (aka not schedule) much more easily. Consequently, they can also hire easily.
There's a non-negligible pool of people who hate job applications and interviews, but want a paycheck.