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Uber, Lyft stock decimated as US aims to classify gig workers as staff

Peter2 Silver badge

Some Uber drivers make £1,000+ a week

Which is revenue; and so excludes the cost of their vehicle, maintenance, asset depreciation from driving the car more heavily than we would, and the cost of fuel. All of that comes off before considering their profit, which would essentially be their wages.

I'm going to go out on a limb and suggest that their costs are easily going to be above 50% given the current fuel prices, and if your driving 8 hours a day compared to my roughly half hour commute in both directions in a car then by simple rule of odds if your driving ~16 times more than me you are >16 times more likely to end up having an accident as fatigue comes into play, given that they'd be driving amounts that would be illegal if they were an HGV driver with a tachograph.

The "gig" economy is simply a return of "piecework", which had been exterminated so long ago it'd passed out of common memory because it was banned for being abusive and exploitative and a method to evade paying taxes, the minimum wage and sick/holiday pay.

Much like today, really.

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