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Yep. Uber apparently pays $1.50 per mile before its various surcharges [1], while the standard reimbursement rate for depreciation is $0.575 [2]. So employees
by username223 12y ago
Yep. Uber apparently pays $1.50 per mile before its various surcharges [1], while the standard reimbursement rate for depreciation is $0.575 [2]. So employees, er, I mean "contractors" make less than $1/mi. Include the mileage driving between fares and the time waiting for a new fare, and I'll bet many drivers are below minimum wage. But that's what "disruption" looks like.
[1] http://drivingforuber.com/?page_id=20 http://drivingforuber.com/?page_id=20
[2] http://www.gsa.gov/portal/content/100715 http://www.gsa.gov/portal/content/100715
- res0nat0r 12y agoMost commenting here didn't read or take into account this part: > To reassure drivers worried about lower fares, Uber said it would guarantee a minimum fare per hour for drivers in these cities.
- username223 12y ago> of $12 to $24 per hour $12/hr is okay pay for sitting in a parked car, but it's below minimum wage if you drive more than about 8 miles per hour, and below no wage if you drive more than about 21.
- smm2000 12y agoRealistically 0.575 reimbursement rate overstates actual expenses. I have spreadsheet with all my car expenses for last 8 years inclsuding car depreciation and it works our to about 0.37/mile including gas.