Serbia anti-government protesters surround state TV building
BELGRADE, Serbia (AP) — Several thousand people have surrounded Serbia’s state TV building during anti-government protests requesting more media freedom in the Balkan country. The...
Uber’s remarkable growth could end the era of poorly paid cab drivers
And the Free Market does it again
(Washington Post)- Every day millions of Americans hop in their cars to get to work. But in light of the wages UberX drivers are making, the average American could probably make more money by staying in his or her car all day, and driving for the popular ride service.
A major shift is underway on America’s roadways. For a long time, driving strangers from point A to point B paid terribly. Estimates of the typical cab driver’s salary hover around $30,000.
According to Uber, the median wage for an UberX driver working at least 40 hours a week in New York City is $90,766 a year. In San Francisco, the median wage for an UberX driver working at least 40 hours a week is $74,191.
The gap in compensation for providing similar services is astounding, and illuminates the power of Uber, which is using its mastery of technology to steadily disrupt the traditional cab industry. Worldwide 20,000 new drivers a month have joined Uber’s platform in 2014.
SOURCE: Uber’s remarkable growth could end the era of poorly paid cab drivershttp://www.washingtonpost.com/blogs/innovations/wp/2014/05/27/ubers-remarkable-growth-could-end-the-era-of-poorly-paid-cab-drivers/?tid=hpModule_79c38dfc-8691-11e2-9d71-f0feafdd1394&hpid=z13
Featured & Breaking
Nigerians vote for powerful governor posts amid unrest
UGHELLI, Nigeria (AP) — Heavy military deployment, scattered attacks on polling centers and at least eight deaths were reported on Saturday as Nigerians went to...
Ukraine police: 15 officers injured in clash with far-right
MINSK, Belarus (AP) — Ukrainian police said 15 officers were injured Saturday in a clash with far-right demonstrators who disrupted a campaign appearance of President...
UK official says EU playing games over Brexit
LONDON (AP) — With tensions escalating, Britain’s House of Commons leader said Saturday that European Union officials need to take seriously British proposals for ending...
A New Biography Traces the Pathology of Allen Dulles and His Appalling Cabal
"Unless you believe we’re governed by shape-shifting space lizards — your darkest suspicions about how the world operates are likely an underestimate."
(The Intercept)- AS I READ The Devil’s Chessboard: Allen Dulles, the CIA, and the Rise of America’s Secret Government, a new book by Salon founder David...
How Our Government Created Ghettos
(NPR)- Fifty years after the repeal of Jim Crow, many African-Americans still live in segregated ghettos in the country’s metropolitan areas. Richard Rothstein, a research...
Advertisement
