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You can put a price on those things. Insurance: 2400 / yr (guesstimate, maybe lower) Miles driven per year: 50k [1] Cost per mile (Incl depreciation) = 0.26$ [
by safog 7y ago
You can put a price on those things.
Insurance: 2400 / yr (guesstimate, maybe lower)
Miles driven per year: 50k [1]
Cost per mile (Incl depreciation) = 0.26$ [2]
Cost per year to drive = 0.26 * 52k = 13520
Total = ~$16k per year in post tax earnings.
(Assuming numbers above still work )
Min 21$ / hr = 43,680
Minus taxes = 40,175
Minus driving costs = 24175
post-tax income per month ~= $2k
Assuming a single driver lives outside the immediate SF area, "commutes" to work, and shares an apartment, it's enough to survive. There's plenty of other jobs that pay less, so it seems unfair to target Uber on this number. You can expect to get by temporarily or make a bit of extra cash with Uber, but it's not a long term career for a driver - but I expect most drivers know that already.
[1] https://ride.guru/lounge/p/how-many-miles-do-uber-and-lyft-drivers-put-on-their-cars https://ride.guru/lounge/p/how-many-miles-do-uber-and-lyft-d...
[2] https://bizfluent.com/how-5914430-compute-depreciation-based-mileage.html https://bizfluent.com/how-5914430-compute-depreciation-based...
- pkaye 7y agoDid you account for that the drivers can deduct some of the costs as a business expense?
- ceejayoz 7y agoIn the other direction, commercial vehicle insurance costs substantially more.
- calcifer 7y ago> it seems unfair to target Uber on this number No it's not. That there are worse jobs elsewhere in no way implies these people are asking for anything unfair. Uber got where it is by greedily violating every regulation on the books and now that they are facing these "unfair" unionizers they demand regulation? Please.
- davinic 7y agoI question "Bizfluent" as a good source. The IRS states $0.58 per mile. [Edit]: I'll add in another source in line with the IRS rate. See AAA: https://newsroom.aaa.com/tag/driving-cost-per-mile/ https://newsroom.aaa.com/tag/driving-cost-per-mile/