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That seems too low. Most drivers I use have been doing it for years. They wouldn't at those rates.
by cm2012 9y ago
That seems too low. Most drivers I use have been doing it for years. They wouldn't at those rates.
- jeffmould 9y agoThe number is a bit deceiving. As the article states, that amount is after you account for insurance, gas, wear/tear on the vehicle, maintenance, etc... So really the $3.37 is their "profit" before taxes are taken out. I am actually surprised it is that high. A driver working full-time in a city or area with high demand will put depreciate the value of their vehicle and drive costs up at a much higher rate than the average person.
- UncleEntity 9y agoFor every one who makes it there's probably (wild guess) ten that lose money after working a few shifts and never turn on the app again -- most people are like "I can sit my ass on the couch and not make money plus not waste my gas making billionaires even richer." Like all things there's a learning curve before you can consistently turn a decent profit too.
- bfrog 9y agoYou sure? I personally know people doing it as their primary income in a top 5 us city in pop. It's a grind.
- refulgentis 9y agoDoesn't your question prove the GP's point?
- bfrog 9y agoNot really, they've been trying to get a different job that entire time without success.
- trendia 9y agoThe recent internal Uber study found that long-term drivers learn how to optimize their rides for the highest fares. So there are significant differences between what the median driver makes and what the "pro" Uber drivers make.
- Tiktaalik 9y agoThis is the concern I hear from policy makers. If Uber/Lyft drivers are "optimizing" their rides and only seeking out the most profitable routes and areas, then cities no longer have a egalitarian transportation system. Need a ride and you're in an obscure part of town? Welp too bad.
- cm2012 9y agoTaxis did this 100x worse.
- tim333 9y agoI haven't read this study but I the past I've often found the depreciation figures to be higher than what they are in real life. They sometimes kind of assume you just buy a new car at the dealers and then two or three years later trade it in for a new car which means every three years or so you lose 50% of the cars new cost. Almost no one hard up does that. Get good deal on a 3 yr old car, keep it 5 yrs, your costs are much lower.