In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Uber’s lack of profitability raises serious ethical, financial, political, and social questions.
For instance, the average American Uber driver makes around $20,000 a year, Recode calculates. Hence, the average American Uber driver makes $11,066 less than the Real Median Personal Income in the United States.
One strong possibility is that Uber will never get more than a 5% market share because it offers a rather specialized service that only appeals to certain individuals. Another is that Uber has a much harder time competing with traditional cab companies than we have been told.
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