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by ed_balls·7y ago·view on hn ↗
> he makes about $300 a day works like a dog 12-14 hours a da

Is this profit, revenue or in transactions?

1 comments
I don't know. he just said to me" I make 300 a day" assume $90 net take home for 12-14 hours or less. Uber basically KILLED The yellow cab industry in NYC. He was driving a yellow cab and considering buying a medallion ( the American dream) for $800k but that yellow cab medallion is worth shit now since uber came on the scene and yellow cab drivers who got a mortgage to buy a medallion are committing suicide now that the medallion is worth shit. So the whole situation is toxic they are FORCED to drive with uber / lyft and its a race to the bottom AI is paying them less and less. Uber is bleeding them dry. They can't drive yellow cabs and now uber is squeezing the shit out of what they are already making, they are under so much stress in order to get some type of relief from working 12-14 hour days for shit pay ,sometimes 7 days a week they smoke / drink to forget the pain of it all to escape for just a moment from earning less and less and getting used to surviving on less. Its brutal in NYC.