SoylentNews is people
SoylentNews
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).
This discussion has been archived.
No new comments can be posted.
MIT Study Shows How Much Driving for Uber or Lyft Sucks
|
Log In/Create an Account
| Top
| 67 comments
| Search Discussion
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
Life is to you a dashing and bold adventure.
(Score: 2) by dry on Saturday March 03 2018, @08:07PM
The miscarriage of justice is shitty too, along with all the people who are pretty much forced to plead guilty rather then take the lottery of being convicted for worse. Still seems like a minor crime to be banned from having a regular job again. Most people have screwed up at one time. Shit, I ended up in jail for a month when I was young and generally it doesn't affect my employment chances. I also often have a joint before bed, without worries because it is generally illegal here to do drug tests and I'm not using heavy machinery.