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Originally Posted by tw
$5 profit for a half hour fare is profitable?
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Assuming you pick up a second fare, that's a wage of $10 per hour. Are there costs hidden in the long-term car damage that a driver won't necessarily have to deal with until later? Sure. But the same applies to pizza delivery drivers, who make an
average of $8.08 per hour.
Fun fact: there is also the opposite of "surge pricing," in which both Uber and Lyft pay bonuses for drivers who cover less popular areas and times of day, because it is in the company's best interest to provide 100% coverage even if the margins are sometimes slimmer. One driver told me she got twice the usual rate for picking me up in a suburb at 9:00 AM--which it turns out she also lives in. She just logs herself in every morning then goes back to sleep. If a ride request comes in, she puts on some pants and does the gig.
No one is getting rich being an Uber driver. But not every worker's desire is to get rich and climb the career ladder 1950s style.