Supposedly, there are more than 10 million americans without jobs right now.
Once the stores start opening again and people start going outside, once the economy starts "recovering", what will happen to the people who are unemployed?
More importantly, what will the unemployed do IN THE MEANTIME while waiting for the stimulus checks?
Teachers, waiters, bartenders, and people from many other different fields of work are currently looking for income.
Which brings me to the conclusion that Lyft/Uber will change COMPLETELY once this pandemic blows over. Mileage/time rates will be cut as well as daily profits for drivers will be lower. Why? I say this because i think that most people who are unemployed right now are signing up to become drivers for U/L, uber eats, postmates, instacart etc etc.
I feel that most markets will become so SATURATED with new drivers, that existing divers wont be able to make much money. Take my market for example which is Pittsburgh Pa. Ive seen COUNTLESS new drivers on the streets. I have friends who are servers and teachers and they told me they signed up to be drivers. Im seeing drivers at the airport que, and airport police told me that they are new drivers who recently got laid off from work.
Here i am thinking to myself, is rideshare done? With all these new drivers, i wouldnt be suprised that Uber/Lyft will slash rates because the supply of drivers is damn near infinite.
What do you all think? Have you seen an increase of drivers in your market? Do you think Uber/Lyft will change for us drivers once things go back to "normal"?