Not sure how Uber drivers are surviving as full-time drivers anymore. So many customer discounts last year, you really make next to nothing.
It was always funny to hear customers rave about the discounts, but yet oblivious to the fact that the discounts come out of the driver's pocket. They were in shock when I explained how that works. Uber doesn't take the hit, the drivers do.
Not a good business model for the drivers. It's a great business model for Lyft, Uber & the passengers though.
Example: An $80 ($110 for 2 stops) cab fare from SFO (SF Airport) to Downtown SF is $35 in an Uber or Lyft. Even less for the passenger (30% savings per passenger on avg. - fare gets split) if 2 passengers sync up in an UberPool or Lyft Line fare (closer to $45 for the driver) to or from SFO.
What would normally be $80 / $110 ends up being $35 / $45.
Let's take a closer look. Someone drives from San Jose to SFO (80 miles RT). They then drive 25 miles RT to Downtown SF. Driver gets "lucky" with an UberPool fare of $45 ($45-20%=$36). That driver drove 105 miles to make $36.
Unlucky driver: $35-20%=$28 for driving 105 miles (btw, UberPool / Lyft Line fares happen ~1/50 fares).
Keeping things simple, deduct your fuel cost from $36 / $28 & that's your net income for that fare (probably safe to est. ~$10). In essence, that driver made $26 / $18 (including total drive time & time spent waiting for ping) for 2+ hours of work.
Big Picture: You ran up the mileage on your vehicle. Drove all the way to & from SF. Let strangers leave trash in your car. Dealt with strangers who were in a bad mood because of their long flight. Accepted that you weren't going to receive a cash tip, no matter how nice, polite & a great conversationalist you were, opened their door, loaded & unloaded all of their luggage & had bottled water for them on both doors.
All for less than $9.00 per hour (that's less than minimum wage here in Santa Clara County, btw). Do you really want to be one of these drivers?
It was always funny to hear customers rave about the discounts, but yet oblivious to the fact that the discounts come out of the driver's pocket. They were in shock when I explained how that works. Uber doesn't take the hit, the drivers do.
Not a good business model for the drivers. It's a great business model for Lyft, Uber & the passengers though.
Example: An $80 ($110 for 2 stops) cab fare from SFO (SF Airport) to Downtown SF is $35 in an Uber or Lyft. Even less for the passenger (30% savings per passenger on avg. - fare gets split) if 2 passengers sync up in an UberPool or Lyft Line fare (closer to $45 for the driver) to or from SFO.
What would normally be $80 / $110 ends up being $35 / $45.
Let's take a closer look. Someone drives from San Jose to SFO (80 miles RT). They then drive 25 miles RT to Downtown SF. Driver gets "lucky" with an UberPool fare of $45 ($45-20%=$36). That driver drove 105 miles to make $36.
Unlucky driver: $35-20%=$28 for driving 105 miles (btw, UberPool / Lyft Line fares happen ~1/50 fares).
Keeping things simple, deduct your fuel cost from $36 / $28 & that's your net income for that fare (probably safe to est. ~$10). In essence, that driver made $26 / $18 (including total drive time & time spent waiting for ping) for 2+ hours of work.
Big Picture: You ran up the mileage on your vehicle. Drove all the way to & from SF. Let strangers leave trash in your car. Dealt with strangers who were in a bad mood because of their long flight. Accepted that you weren't going to receive a cash tip, no matter how nice, polite & a great conversationalist you were, opened their door, loaded & unloaded all of their luggage & had bottled water for them on both doors.
All for less than $9.00 per hour (that's less than minimum wage here in Santa Clara County, btw). Do you really want to be one of these drivers?
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