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Anecdotes are not data etc, but my daughter attended a friend's birthday party recently and the friend's dad told me he had been out of work due to covid so sta
by lhorie 5y ago
Anecdotes are not data etc, but my daughter attended a friend's birthday party recently and the friend's dad told me he had been out of work due to covid so started doing Uber and was bringing in $3k/week and had managed to pay off a ton of debt thanks to that (this convo happened in SF last week). Needless to say, I was extremely surprised, as the media generally gives the impression that driver earnings are crap.
- brewdad 5y agoI'll buy that your friend may have made $3k a week doing Uber but he's either working an unsustainable number of hours behind the wheel or taking advantage of surge pricing that will work itself out in time. Also, I wouldn't be surprised if he's not quite as insured as he thinks he is and certainly isn't taking into account his costs to provide the service. He may very well be grossing $3k a week but he's not actually earning that much.
- lhorie 5y agoWhile I didn't want to pry into the exact unit economics, being in a children's party and all, he did say he worked ~10 hours a day. But also he was very proud to share that he had paid off over 16k of debt despite the high CoL for a family of 4 in SF, which leads me to be believe that the actual take home amount wasn't exactly chump change.