From KQED’s Jon Brooks:
Newsham quit the business this year because he was down to earning a net income of five bucks an hour. Newsham’s experience isn’t unique — others in San Francisco’s taxicab industry say they know drivers who are only netting $5 to $10 an hour. A big part of the tough economics for drivers has to do with ride-service companies like Sidecar, Uber and Lyft siphoning off business from the traditional cab companies.
But part of the money problem for the great majority of taxi drivers, those who rent their vehicles, is the way the business is structured. READ MORE HERE.
Comments are closed.