As I said, they might be able to pay drivers less during a recession but if total ridership is down they are still going to be in trouble during a recession. If they have problems reaching profitability now I don't understand how a recession will do anything but harm them.
And drivers are probably already somewhere around minimum wage a lot of the time. Recession or not, there's some price floor under which even the relatively desperate are not going to drive for willingly.
If travel is down, young urbanites aren't taking Ubers to dinner, etc., it's hard not to see the business decreasing. Uber may not be a luxury for everyone who uses it, but it is for many.
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