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The national agreed minimum wage is $7.25/hour. Every Uber/Lyft driver earns well in excess of that.

by bhupy 7y ago

reaperducer 7y ago
Every Uber/Lyft driver earns well in excess of that. No. For most, it's not even close. The only way to make that kind of money was to collect kickbacks from bringing tourists to strip clubs. Plus, many states have a minimum wage much higher than $7.25/hour. Source: Drove for Uber for eight months.
- bhupy 7y ago
  Sure, in some states like CA and NY, Uber drivers earn closer to $15/hour. Anecdotal Source: I've driven Uber too. Actual Source: https://www.ridester.com/how-much-do-uber-drivers-make/ https://www.ridester.com/how-much-do-uber-drivers-make/
  - sethammons 7y ago
    Note that the $15/hr figure from the source includes tips, but does not count gas, insurance, nor vehicle wear and tear
    - bhupy 7y ago
      It includes gas, maintenance, and insurance.
      - masonic 7y ago
        It can't properly do so because those costs vary tremendously by vehicle, location, etc.
CydeWeys 7y ago
Source? I've heard the opposite from some drivers.
- bhupy 7y ago
  Source: https://www.ridester.com/how-much-do-uber-drivers-make/ https://www.ridester.com/how-much-do-uber-drivers-make/ > Full-time UberX drivers can expect to earn nearly $590 per week after tips when working 40 hours in a week. Beyond the aforementioned factors — location, surge, and tips — weekly earnings can also be heavily impacted by the amount of trip requests you receive throughout a seven-day period. > Uber drivers are known to make slightly less than Lyft drivers. We’ve found that a standard Lyft driver makes about $17.50 per hour, which is nearly $3 more than what Uber drivers make. Of course, your average Lyft wage (just like your average Uber wage) will vary based on location, how much you take advantage of promotions on Lyft, and how much you earn in tips. > It’s a general rule of thumb for the rideshare industry to budget roughly 20 percent of the total ride fare amount for ride-related expenses. At that rate – hypothetically speaking, after factoring in pick-up, drop-off, and dead time – the UberX driver could estimate to make somewhere in the neighborhood of $15–$20 an hour if they were to get two similar rides each hour they drove. [1] https://www.ridester.com/how-much-do-uber-drivers-make/ https://www.ridester.com/how-much-do-uber-drivers-make/
  - sfkdjf9j3j 7y ago
    It doesn't look like this takes depreciation or gas into account, but the site is like 75% advertisements so I might have missed it.
    - bhupy 7y ago
      From the article: "These expenses include: Insurance: This includes personal insurance and a rideshare or commercial insurance policy. Car/lease payments: The amounts a driver pays to drive their vehicle. Drivers either own their own vehicles or lease one from Uber or a third-party provider. Tolls, license, permit fees: Drivers pay for all of these fees. Passengers pay an added surcharge when drivers must incur toll fees. Gas: Since drivers are considered independent contractors, they must pay for their own gas, and are not reimbursed. Vehicle maintenance: Drivers are responsible for their own vehicle maintenance and upkeep. They will be reimbursed if a rider damages their vehicle, however."
ogre_codes 7y ago
> Every Uber/Lyft driver earns well in excess of that. If you don't account for travel time between gigs, expenses, or additional taxes, they might, but you can't Uber if you don't fill up your gas tank and change the oil in your car.
- bhupy 7y ago
  > Travel time between gigs No gig in the world covers that. > Expenses On average, after vehicle expenses, Uber drivers make as low as $15/hour[1], and as high as $20/hour. And this is also assuming that one concedes the argument that gigs ought to reimburse expenses, which isn't true for most contract work. https://www.ridester.com/how-much-do-uber-drivers-make https://www.ridester.com/how-much-do-uber-drivers-make
  - gamblor956 7y ago
    In most contract work, expenses incurred by the contractor to fulfill the contract are almost always included in the contractor's invoice.
    - mirimir 7y ago
      That was somewhat my experience. It was always the case where travel and lodging were required. Say, for attending depositions. But I did buy my own machines, and pay for electricity to run them. And I didn't invoice for maintaining stuff. So was that just my own naivete? And now that I think of it, buying better gear hurt me, in that it took less time to do stuff. But on the other hand, it allowed me to handle larger datasets, which made me more attractive.
      - gamblor956 7y ago
        Buying gear for use on multiple contracts is different from buying supplies to use executing a contract for a single customer. You can invoice the latter to the customer; you must depreciate or deduct the former on your tax return. OTOH, some customers are willing to pay for contractors' gear even if it would be used on other customers, for example, if they require you to use upgraded equipment instead of the equipment you already own.

The national agreed minimum wage is $7.25/hour. Every Uber/Lyft driver earns well in excess of that.

by bhupy 7y ago

The national agreed minimum wage is $7.25/hour. Every Uber/Lyft driver earns well in excess of that.

Every Uber/Lyft driver earns well in excess of that. No. For most, it's not even close. The only way to make that kind of money was to collect kickbacks from bringing tourists to strip clubs. Plus, many states have a minimum wage much higher than $7.25/hour. Source: Drove for Uber for eight months.

bhupy 7y ago
Sure, in some states like CA and NY, Uber drivers earn closer to $15/hour. Anecdotal Source: I've driven Uber too. Actual Source: https://www.ridester.com/how-much-do-uber-drivers-make/ https://www.ridester.com/how-much-do-uber-drivers-make/
- sethammons 7y ago
  Note that the $15/hr figure from the source includes tips, but does not count gas, insurance, nor vehicle wear and tear
  - bhupy 7y ago
    It includes gas, maintenance, and insurance.
    - masonic 7y ago
      It can't properly do so because those costs vary tremendously by vehicle, location, etc.

CydeWeys 7y ago

Source? I've heard the opposite from some drivers.

bhupy 7y ago
Source: https://www.ridester.com/how-much-do-uber-drivers-make/ https://www.ridester.com/how-much-do-uber-drivers-make/ > Full-time UberX drivers can expect to earn nearly $590 per week after tips when working 40 hours in a week. Beyond the aforementioned factors — location, surge, and tips — weekly earnings can also be heavily impacted by the amount of trip requests you receive throughout a seven-day period. > Uber drivers are known to make slightly less than Lyft drivers. We’ve found that a standard Lyft driver makes about $17.50 per hour, which is nearly $3 more than what Uber drivers make. Of course, your average Lyft wage (just like your average Uber wage) will vary based on location, how much you take advantage of promotions on Lyft, and how much you earn in tips. > It’s a general rule of thumb for the rideshare industry to budget roughly 20 percent of the total ride fare amount for ride-related expenses. At that rate – hypothetically speaking, after factoring in pick-up, drop-off, and dead time – the UberX driver could estimate to make somewhere in the neighborhood of $15–$20 an hour if they were to get two similar rides each hour they drove. [1] https://www.ridester.com/how-much-do-uber-drivers-make/ https://www.ridester.com/how-much-do-uber-drivers-make/
- sfkdjf9j3j 7y ago
  It doesn't look like this takes depreciation or gas into account, but the site is like 75% advertisements so I might have missed it.
  - bhupy 7y ago
    From the article: "These expenses include: Insurance: This includes personal insurance and a rideshare or commercial insurance policy. Car/lease payments: The amounts a driver pays to drive their vehicle. Drivers either own their own vehicles or lease one from Uber or a third-party provider. Tolls, license, permit fees: Drivers pay for all of these fees. Passengers pay an added surcharge when drivers must incur toll fees. Gas: Since drivers are considered independent contractors, they must pay for their own gas, and are not reimbursed. Vehicle maintenance: Drivers are responsible for their own vehicle maintenance and upkeep. They will be reimbursed if a rider damages their vehicle, however."

ogre_codes 7y ago

> Every Uber/Lyft driver earns well in excess of that. If you don't account for travel time between gigs, expenses, or additional taxes, they might, but you can't Uber if you don't fill up your gas tank and change the oil in your car.

bhupy 7y ago
> Travel time between gigs No gig in the world covers that. > Expenses On average, after vehicle expenses, Uber drivers make as low as $15/hour[1], and as high as $20/hour. And this is also assuming that one concedes the argument that gigs ought to reimburse expenses, which isn't true for most contract work. https://www.ridester.com/how-much-do-uber-drivers-make https://www.ridester.com/how-much-do-uber-drivers-make
- gamblor956 7y ago
  In most contract work, expenses incurred by the contractor to fulfill the contract are almost always included in the contractor's invoice.
  - mirimir 7y ago
    That was somewhat my experience. It was always the case where travel and lodging were required. Say, for attending depositions. But I did buy my own machines, and pay for electricity to run them. And I didn't invoice for maintaining stuff. So was that just my own naivete? And now that I think of it, buying better gear hurt me, in that it took less time to do stuff. But on the other hand, it allowed me to handle larger datasets, which made me more attractive.
    - gamblor956 7y ago
      Buying gear for use on multiple contracts is different from buying supplies to use executing a contract for a single customer. You can invoice the latter to the customer; you must depreciate or deduct the former on your tax return. OTOH, some customers are willing to pay for contractors' gear even if it would be used on other customers, for example, if they require you to use upgraded equipment instead of the equipment you already own.