This is one industry where increased costs has a direct effect on the supply of customers.Most businesses pass along their increased cost to the consumer, but rideshare businesses pass along the increased cost to the ones providing the service, the driver, and continue to give Riders discounts to use the service.
That doesn't really withstand any kind of scrutiny though. There are still some issues but there is still a lot of viability here . Lyft's program before was only $44/week if you did 100 rides which for a full-time driver is actually pretty damn reasonable. Unlimited personal miles, maintenance included. A car note and insurance are more than that.It's a pay cut for those using their cars. They're paying you less per mile for using their car(even though they're already charging you $1,000 per month + deposit) than if you're using your vehicle. That's about a 30% pay cut for drivers in Orl. If this doesn't prove to you that "ride-sharing" numbers don't work in your favor , then I don't know what will.