Is being an Uber driver, a good job or what?
- 7 months agoFavourite answer
yes uber driver earns a good money
- ANDRE LLv 77 months ago
MIT study shows how much driving for Uber or Lyft sucks
The upshot? The researchers found profit from ride-hail driving to be “very low”. On an hourly basis, the median profit was $3.37 per hour, with 74% of drivers earning less than the minimum wage in the state where they operate.
They also found a median driver generates $0.59 per mile of driving but incurs costs of $0.30 per mile; and almost a third (30 per cent) of drivers were found to incur expenses exceeding their revenue or to be losing money for every mile they drive.
The research also looked at how ride-hailing profits are taxed, and suggests that in the US a majority of driver profits are going untaxed owing to how mileage deduction is handled for tax purposes — suggesting Uber and Lyft’s business are denuding the public purse too.
- DavidLv 57 months ago
Not as far as I'm concerned.
- pondererLv 67 months ago
You assume most of the risk doing this. Liability. Personal danger. Car wear and tear and operational costs. Waiting for jobs. Even with you doing all this Uber is still losing mega bucks somehow. Just drive a cab.
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- Anonymous7 months ago
For most people it falls under the "or what" part of your question.
- meredithLv 67 months ago
They have a lot of issues as well.
- NormanLv 77 months ago
- 7 months ago
not a job I would like............