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Leaked Docs Provide An Unprecedented Look At Income Of Uber Drivers (buzzfeed.com)
In 2013, Uber told the Wall Street Journal that a typical Uber driver takes in more than $100,000 in annual gross fares. The ride-hail platform, which has shared similar estimates many times since, says that the company's efforts toward its drivers is a pathway to a modest, more attainable American dream. Turns out, the it has been exaggerating. According to BuzzFeed News, which obtained leaked documents, drivers in some markets don't take home much more than service workers at major chains like Walmart when it comes to net pay. According to the publication, drivers in three major U.S. markets -- Denver, Detroit, and Houston -- earned less than an average of $13.25 an hour after expenses. From the report:Based on these calculations, it's possible to estimate that Uber drivers in late 2015 earned approximately $13.17 per hour after expenses in the Denver market (which includes all of Colorado), $10.75 per hour after expenses in the Houston area, and $8.77 per hour after expenses in the Detroit market, less than any earnings figure previously released by the company.
Looks like they make less than they do driving a taxi full-time in Denver....
"The median annual Taxi Driver salary in Denver, CO is $33,803, as of May 31, 2016, with a range usually between $28,077-$41,255 not including bonus and benefit information"
http://www1.salary.com/CO/Denv...
At $13.17 an hour, 40 hours a week, 52 weeks a year, an Uber drive in Denver would pull in $27,394 at that rate, and that's WITHOUT benefits and bonuses.
There's a lot that I' assuming here, like a person working strictly full time as an Uber driver.....but if you were going to work strictly as a driver, you'd probably be better off driving a taxi.
If you post as Anonymous Coward, don't expect a reply.
I used to track all my DoorDash deliveries to a T. That gig earns $11.21 an hour in the Minneapolis/Saint Paul market on average. I'd be happy to share my data spreadsheet with anyone interested.
They won't buy you a car but they're eager to sell you one on dubious credit terms..
And did you exchange a walk on part in the war for a lead role in a cage? - Pink Floyd.
I always thought that the American Dream meant that it didn't matter if you were poor or came from nothing in the United States because you were afforded the freedom to pursue your own ambitions and that your hard work could give you a better life. It doesn't mean that you'll be successful in your endeavor only that you can try and if it works you'll be able to keep the fruits of your labors. There are still a lot of people who immigrate to America and do improve things for themselves and their family, but they probably do need to put in 60+ hours in order to achieve that.
I don't think it's really something that's unique to America either. Plenty of people immigrate to Canada or European countries for much the same reasons and similarly build better lives for themselves, but the name dates back to an earlier time in America's history when a large number of people (typically Europeans) were immigrating to the U.S. for a variety of reasons so the name has stuck.