Thinking of drving for Uber, Lyft or GrubHub?

[Martinjmpr]

Otherwise, you're subsidizing the costs.

Bingo. Seems to me that it's almost like a pyramid scheme in the sense that it's only going to last as long as there is an constant supply of ignorant people at the bottom who are willing to bear all the costs so the people on top can make the money.

You would think (I would certainly LIKE to think) that just like "Nigerian Prince scams", that sooner or later Uber, Lyft and Grubhub are going to run out of gullible people to do their work.

At that point they either have to pay a truly fair compensation rate - which would cause the price of their service to skyrocket - or close down their operations. Either that or convert to a taxi service with their drivers as employees vs. "independent contractors."

It just doesn't seem sustainable as it is.

Now I have to confess, I've never taken an Uber or Lyft so I don't know, but how do their costs compare to a taxi service? Are they roughly comparable or are they notably less?