4 ms·
The author is not telling the whole story. Uber still gets their cut of each ride, the initial $115 is simply used as a hedge or insurance. If a driver doesn't
by PatientTrades 9y ago
The author is not telling the whole story. Uber still gets their cut of each ride, the initial $115 is simply used as a hedge or insurance. If a driver doesn't make above the $349 for the week than the $115 is returned to the driver. Uber doesn't simply pocket it. If a driver makes over $349 for the week, they get the %33 surge, and Uber will keep the initial $115.
- munk-a 9y agoDue to the wording of "As long as your weekly earnings exceed $349 you'll come out ahead!" I believe you're incorrect or trying to mislead. That sentence implies that there's a strong possibility people can come out "not ahead" or, specifically, lose potential income on the arrangement.
- lowglow 9y agoor break even?
- larkeith 9y agoDo you have a source? The screenshot from Uber itself indicates otherwise.
- batiudrami 9y agoWhy would they offer this rather than just an "Hey! it's going to be a busy weekend and we want extra cars on the road. Earn $349 and get paid 33% extra" promo? There's no need to take the $115 if the driver can't lose. Let's not pretend that Uber needs the $115 for cashflow purposes.
- mistercow 9y agoI think the previous commenter is incorrect based on the wording shown in the article. That said, since this is part of a study, it does seem somewhat plausible that they'd do an offer like that just to see what the psychological impact was.
- quickthrower2 9y agoMaybe they do need the cash.
- skywhopper 9y agoThat’s even scarier.
- skywhopper 9y agoYou are misreading he plain meaning of the words. Your interpretation also makes zero sense. How is it a hedge if Uber gives it back on failure to break even?