“Gig work” was always shitty pay _after_ you consider all of the expenses and depreciation in assets. You are an “independent contractor” after all.
If you drive for a TNC, you may on paper earn more per hour but after gas, wear and tear on vehicle (changing out brakes, tires much faster), increased maintenance, steep depreciation of vehicle, higher insurance premiums for commercial auto.
Then you factor in having to buy your own health insurance on the market, dental insurance, and other expenses that a normal, salaried, full time job comes with. Don’t forget about the taxes you have to pay out at the end of the year that would normally be taken out with each paycheck.
I remember doing gig work when those companies were shelling out $1,000s for new drivers. But once those teasers expired and rates got cut, it didn’t make much sense from a financial aspect to continue doing so.
Great beer money for a college student but I don’t see how folks make a sustainable living on the slave wage.
If you drive for a TNC, you may on paper earn more per hour but after gas, wear and tear on vehicle (changing out brakes, tires much faster), increased maintenance, steep depreciation of vehicle, higher insurance premiums for commercial auto.
Then you factor in having to buy your own health insurance on the market, dental insurance, and other expenses that a normal, salaried, full time job comes with. Don’t forget about the taxes you have to pay out at the end of the year that would normally be taken out with each paycheck.
I remember doing gig work when those companies were shelling out $1,000s for new drivers. But once those teasers expired and rates got cut, it didn’t make much sense from a financial aspect to continue doing so.
Great beer money for a college student but I don’t see how folks make a sustainable living on the slave wage.