If you are curious about this, I recommend There’s No Place for Us: Working and Homeless in America. It covers how some folks, with no credit, are forced to live in extended stay hotels (where they take cash up front and don’t run credit) which can cost multiple times what rent can cost.
If you put the author, Brian Goldstone, into YouTube, you can find some recent news coverage of some of the folks from the book and iirc one of them is Ubering in a lemon, working 60-80 hours a week just to break even.
In America, unfortunately, we’ve perfected the debt trap and turned poverty into a profit center. The same equity companies own rental properties, extended stay hotels, and storage locations so they can vertically integrate homelessness.
The most evil thing I heard was companies like Doordash and Uber buying up data on who has credit card debt, so they know which driver is more desperate for cash, so they can low-ball them and give them a worse offer because they're more likely to take it because they're desperate for it.
Where is the proof of any of this? There are too many conspiracy theories about gig work. There was a similar post on HN a few months back[1] based on some anonymous vagueposter on Reddit, again without evidence. Would I be surprised if this is true? Of course not. Should we just start believing random things without any critical thinking? No.
>How can that be anywhere near financially sustainable.
It's not and it's indeed a very sad statement on public transport. My father has spent some time in his retirement Uber-ing and said it was shocking to him how many repeat customers he got that were having to spend so much just to get to a minimum wage job.
How can that be anywhere near financially sustainable.
All you have to do is basic math.
Monthly car payment (which is higher if you're poor) + monthly gas spent (which is higher if you buy it in a poor neighborhood) + monthly insurance (which is likely to be higher if you're poor, and/or live in a poor neighborhood) + maintenance is very often far less than what it costs to take a rideshare ride 14 times a week.
When I drove for Uber, about 20% of my rides were people commuting to and from work who could not afford a car.
They showed their work and named their units. Their math is fine.
If work happens 5 days per week, each workday requires two rides, and there are 4 weeks in a month, then there are 40 rides per month. If each of those rides costs $25, then:
