Towards a Cost Estimate of a NYC UberX Driver

By Lawrence Myers

Reliable revenue and cost estimates are essential, so that individuals may calculate expected net income from ridesharing efforts, and determine if the opportunity presents a value proposition or not. As it stands, prospective drivers are subject to aggressive marketing by rideshare companies, including being lured with the promise of bonuses of several hundred dollars and high five-figure annual income, but without revealing the costs and risks associated with ridesharing.

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