You realize a lot of those are things that the employer would be paying for in a cab company?
Most of the time not really, well at least not for all cab companies, pre-uber there there was 3 types of cabs in my city:
1) Yellow cabs, owned by the company. Driver was either an employee of the company (drive from 12-8) or whatever. Or more common, they driver paid the cab company to rent the car for the day. The driver kept all the money made from the fares.
2) Company car, was pretty much the same situation as above, but it wasn't a normal marked cab. They would often be Cadillacs or something similar and have the yellow light stuck on the roof with magnets. This situation was almost always the "rent the car for the day/week/month".
3) Your car, like situation #2 but you owned the car. This was what most cab drivers aspired to so you didn't have to pay the rental fee.
But GP's anecdata about "every driver I've talked to" is OK?
Nope, that's not good either. I've yet to see a good study on this, which would be hard. Uber would have to give you the pay numbers, then you would need to speak with the drivers to figure out stuff. "What is your insurance, what percentage of your driving is Uber vs personal, do you have special business insurance, would you have a car if you didn't drive for Uber, do you also drive for Lyft..." etc.. It would take a lot of work. Plus each city / region would have different numbers.
My guy feeling is that it is probably in the $15 area, I think many people would realize if they were only making $8 an hour. But I don't know. Nobody does. Uber might have the best guess, but I certainly wouldn't trust any number they put out.
Ah ah ah, they don't have "jobs" to "lose". They're contractors, and their clients - Uber and Lyft - will no longer be contracting with them. No problem!
Besides, if there's an actual need that can be profitably filled, those drivers can get jobs with the cab companies that will move in to take that business.
Why are you so afraid to let the market work?
I'm the one trying to let the market work. People are willing to sign up to drive, they don't have to. I'm saying the government should let them be (well I would support increased mandatory background checks) and stop trying to meddle in the market.
The problem with real yellow cabs with employees is there is a fixed amount of them. When a sports ball match finishes and people need to go home you need a crap load of cars. For an hour, what about for the other 22 hours of the day? Do you pay the people to just come in to work for 2 hours? How about the cars, do you have 10,000 cars to accommodate large peaks? Or 500 and everyone has to wait forever?