Drone Pilots’ $2,000 Paydays Drop 90% in ‘Race to the Bottom’
- Rivals rush across low barriers of entry to drive down prices
- GE, Cognizant ventures see profit potential in analyzing data
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Andy Trench made $2,000 a day in 2015 taking sky-high photographs along the East Coast with a drone he made himself. Now, that same work fetches about $175.
“It’s apparent that a lot of this industry is a race to the bottom,” said Trench, a Rhode Island entrepreneur who’s been operating remote-controlled aircraft for more than a decade.