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A study conducted by the MIT Center for Energy and Environmental Policy Research analysed revenue and costs for over 1100 Lyft and Uber drivers, with the conclusion that most earn below minimum wage for their state and about 30% actually lose money when all the costs of owning and operating their vehicles are taken into account.
"A Median driver generates $0.59 per mile of driving, and incurs costs of $0.30 per mile", "On an hourly basis, the median profit was $3.37 per hour".
Because actual vehicle operating costs are significantly lower than the IRS allowance of $0.54/mile, many drivers report incomes that are substantially lower that their actual incomes, leading to a large pool of untaxed income (although it is small for each driver).
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MIT Study Shows How Much Driving for Uber or Lyft Sucks
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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
< nobse> bleh... last night I had a dream... someone NMU'ed vim...
nightmare
-- in #debian-devel
(Score: 2) by Nuke on Saturday March 03 2018, @08:00PM (1 child)
Frustrated Uber driver yourself? Carry on, no-one's stopping you. This article is for the amusement of non-Uber drivers and I enjoyed every word of it.
(Score: 2, Funny) by west on Saturday March 03 2018, @08:29PM
if you enjoyed it then its it worth while. alright you got me there. i guess its good to point out that being an uber driver sucks. but im sure that some people like it.