Uber Drivers Aren’t Making More Money As Prices Surge Amid Shortage: Report

Despite the 50 percent surge in ride-share prices amid the reopening, drivers reportedly aren’t reaping the benefits

6/10/2021 4:59:00 AM

Despite the 50 percent surge in ride-share prices amid the reopening, drivers reportedly aren’t reaping the benefits

Despite the 50 percent surge in ride-share prices amid the reopening, drivers reportedly aren’t reaping the benefits.

Lyft, for one, has previously claimed that this is a boon for the drivers who have come back. (Over half of the industry’s gig workers reportedly stopped driving during the pandemic, and many of those on the sidelines are waiting for pay to improve before returning to the notoriously exploitative services, if they choose to do so at all.) In May, Lyft cofounder John Zimmer claimed that in many driving markets, hourly earnings were up “meaningfully” — even some “all-time highs” — compared to pay rates before the pandemic.

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But according to the Washington Post, drivers at Uber are not being paid extra, although passengers are shelling out as much as $248.90 for a ride from midtown Manhattan to JFK. Contractors are being paid for time and distance, and in some cases with predetermined surge bonuses on top that are determined by the company. “The customer may be seeing this huge price but that doesn’t mean the driver is being compensated accordingly,” one former Uber engineer told the paper.

Read more: New York Magazine »

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We've built a free app to help with the price increases and driver shortages - it shows all cars (ridehails, taxis etc) in one app, so you always get the cheapest price. We'd love to know what you think!

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ProPublica: Many of the uber-rich pay next to no income taxAmazon founder Jeff Bezos paid no income tax in 2007 and 2011. Tesla founder Elon Musk’s income tax bill came to zero in 2018. Overall, the richest 25 Americans pay less in tax — 15.8% of adjusted gross income — than many ordinary workers do, once you include taxes for Social Security and Medicare, ProPublica found.

Many of the uber-rich pay next to no income tax, report saysUsing legal tax strategies, many of the uber-rich are able to shrink their federal tax bills to nothing or close to it, ProPublica said in a new report. Sick of hearing about it. How many more Panama Papers before we switch up the narrative. We know the rich don't pay taxes. They have a million ways to play the game while our moms are paying mad tax on that 15 an hour. Start writing about how to change this.

Uber Veteran Launches Her ‘AI Mindset’ Self-Driving Startup With $83.5 Million RoundComputer scientist Raquel Urtasun is launching tech startup Waabi in a period when self-driving technology companies are consolidating. Tech MindSet freebitcoexpo women WomenWontWheesht ElonMusk Tech I loved reading this story. ✌🏽😎💰🗽🇺🇸

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