Uber and friends might be running out of cheap labor.... Probably because ppl realize they are working for less than $10/h once you account for car depreciation costs.
“These [food-delivery and ride-hailing] businesses are banking that driverless technologies will be available soon enough that they can get out of this endless cycle of losing money,” says Mr. Price.
Of course, there’s always the possibility that a financial crisis and a corresponding spike in unemployment will once again make driving for Uber look as good as it was in 2009, but who would want that?