I think pretty soon most of their drivers (at least here in Florida) are going to be either retirees who do it mostly for something to do or new college age students who do it for a week or two at most before realizing how much it sucks.
My rates are almost double what they are there in Orlando and even I feel it is a waste of time. Even if I just take the pings from home what happens is I get one ping, I drive 1-3 miles to pick it up and it is $3-$4 pay (to me anyway, Uber/Lyft charges $7-$8 for the ride), then I have to drive back to my home and get nothing else on the way back (no pings, too many drivers). The whole thing takes 20-25 minutes. So I'm burning all this gas driving back and forth and wasting my time for at best $8 an hour without factoring in gas. Usually though it ain't $8 an hour when doing this. It's $3-$5 an hour.
Go drive somewhere and try to wait and what happens is some idiot driver (or two) will come and park right next to you making sure you get no pings. So then you either move (and waste gas) or just sit there for $0-$3 an hour.
If you just drive around, even with a fuel efficient vehicle, you will either lose money or make $1-$2 an hour net after your gas expenses (disregarding other long term expenses). At least here when it is so slow. You can't drive around all day and get one $4 ping per hour. That won't even cover your gas.
Anyway, like you, I hope the drivers drop like flies. I know I'm getting out of here. I'd just do Lyft only but they are taking 40-45% of the fare on average now just like Uber. I think even the desperate are going to find that there comes a point where they are better off sitting at home or flying a sign begging for cash on the street corner than doing rideshare. It sucks because even a year ago things were much different. I just don't like working for scumbags and both of these companies are now nothing but greedy scumbags.
