[heavyset_go]

The Uber model relies on an underclass whose need for cash right now overrides any concerns they might have down the line about vehicle depreciation, the consequences of operating a taxi on a consumer insurance plan, the high self-employment tax burden, health insurance or actually breaking even after taking those factors into account.

[majormajor]

I think the Uber model has more specifically relied on massive driver incentives and high acquisition costs.

People quit when the numbers stop making sense for them, they don't always just stay in the underclass. The high cost of acquisition and incentives they did historically reflect a lot of driver churn.

[seriesf]

I'm assuming the population of dupes will eventually be depleted.

[heavyset_go]

I doubt that the pool of people who are willing to trade their time and vehicle's value for a paycheck today is going to shrink any time soon.

[lotsofpulp]

There has been a severe drop in the quality of Uber drivers and vehicles since a few years ago, I can only surmise that they have had to relax their standards hence indicating a lack of sufficient supply.

[smacktoward]

https://en.wikipedia.org/wiki/There%27s_a_sucker_born_every_...