Uber Isn't a Savoir for Drivers Any More Than Amazon Is for Authors

Uber claims its founders aren't the only ones a little richer thanks to the taxi startup.

An Uber driver putting in a 40-hour work week with the company's app makes a median income of $90,766 in New York City, the company claimed on Tuesday. A San Francisco driver makes $74,191. Median household income in the U.S. is closer to $52,000.

Those eye-popping numbers are a product of cutting out middlemen and allowing drivers to operate independently, Uber said. Meanwhile, the Uber platform gives consumers better service and price transparency.

Claiming cheaper prices for customers and greater revenue shares for laborers through market efficiency is the ultimate in startup panacea talk — a perfect market solution for a better world. Read more...

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