Live data from Hacker News

Uber and Lyft drivers' median hourly wage is just $3.37, report finds

theguardian.com

191–200 of 273 posts

Re: Uber and Lyft drivers' median hourly wage is just $3.37, report finds

#191
post #176

Earlier quoted context omitted.

Additionally, Uber usage encourages car ownership and usage, as opposed to cycling or public transport.

Does it? I'd have thought the opposite. The whole idea behind "ride sharing" is not needing to own a car, but being able to benefit from one when needed.

Some people believe that Uber basically incentivizes people to switch from public transport. Hence, you’d have more cars on the road. Along the same lines you could argue that there are few people who already own a car who would sell their car just because of Uber

Re: Uber and Lyft drivers' median hourly wage is just $3.37, report finds

#192
post #176

Earlier quoted context omitted.

Additionally, Uber usage encourages car ownership and usage, as opposed to cycling or public transport.

Does it? I'd have thought the opposite. The whole idea behind "ride sharing" is not needing to own a car, but being able to benefit from one when needed.

That’s the idea behind it for the passenger. Remember there’s another person on every side of your Uber transaction, who might have recently bought a car but would not have otherwise.

Re: Uber and Lyft drivers' median hourly wage is just $3.37, report finds

#193
post #106

I question the authenticity of the $3.37 number when I see that the paper this article references was published by an organization funded by these bodies: Alliance of Automobile Manufacturers, BP, ClearPath Foundation, Conoco Phillips, Duke Energy, Electricité de France, EnBW, ENGIE, ENI, Eversource, Exelon Corporation, ExxonMobil, Gas Natural Fenosa, GE, Golden Spread Electric Cooperative, Inc., Iberdrola, IHI Corpo…

Instead of giving in to a gut reaction, you should read the paper. All research must get funding in one way or another. If you exclude research due to funding sources and potential conflicts of interest, you wouldn't be left with much.

>Instead of giving in to a gut reaction, you should read the paper. All research must get funding in one way or another. If you exclude research due to funding sources and potential conflicts of interest, you wouldn't be left with much.

It makes sense to try and figure out what the funders would want the answer to be and see if the research matches that. If it does, shouldn't you be more skeptical?

For example, if Exxon funded research saying that global warming isn't caused by man or Walmart funded research saying that raising the minimum wage causes mass unemployment then it's pretty clear that they would benefit from the result.

In this example it looks like these companies probably just want to be associated with MIT (or they have an interest in other pieces of research) and I can't see any particular reason to suppose that they'd be invested in the outcome of this study in particular.

Re: Uber and Lyft drivers' median hourly wage is just $3.37, report finds

#194
post #177

Earlier quoted context omitted.

No, I'm still confused. What is the problem with being a taxi driver for life and expecting a good wage?

Only middle class professionals have "a career" and therefore deserve to have enough money to live on, don't you know. It's the primary reason we don't need a minimum wage - working in the service industry or any other relatively unskilled work isn't "a career" so it doesn't matter if it only pays 2 bucks an hour, so goes the reasoning because nobody should be expecting to do it for long or make a life out of it. It'…

If teachers can’t be expected to support their family off their income, why should someone doing something that can be crowd sourced as a side gig? Just because I can make $15 tying peoples shoes doesn’t mean that I’m entitled to support a family off of it.

Re: Uber and Lyft drivers' median hourly wage is just $3.37, report finds

#195

Earlier quoted context omitted.

My theory is they are attempting to put the competition out of business by running at a loss then adjust the rates to where they can make money which, coincidentally, will be be almost exactly the amounts the "evil" taxi companies were charging. I could be totally wrong but if I were a betting man...

That's still a win for consumers, because they certainly raised the bar for customer experience. They run leaner than old-fashioned cab companies and can keep prices lower at the end too.

That's still a win for consumers

No it isn’t, because externalities. With Uber dodging all its taxes who is paying for the infrastructure and services it relies on?

If you are an Uber driver in London neither you nor Uber is paying any NI but you’d still expect the NHS to treat you...

Re: Uber and Lyft drivers' median hourly wage is just $3.37, report finds

#196
post #91

Earlier quoted context omitted.

As a passenger, I'm very often in $40K+ vehicles. Even on a 60 month loan, that'd be over your $600 number just on car payments.

In 200+ rides, I don't think I've ever once been in a $40k+ Uber vehicle unless I've used Uber Select.

hm. It appears I'm off on my car prices. I thought japanese minivans were in that range, and with pool, those are really common. looking, they look closer to $30K than $40K if you don't spring for the extras. doing a survey of car manufacturer websites, my impression of how much vehicles cost appears to be around $10K high across the board. The base model honda accord is only $23K? that is way less than I thought.

I use uberx to work, and pool home most days; I've used select once. I think I get a Mercedes C-class at least once a week, some of them looking pretty new. Oddly, I almost never see BMWs. I remember the other night I got in some giant four door American pickup that looked new and very expensive, but I don't know enough about trucks to recognize the model to verify that impression.

Still, the standard Prius is gonna be like $400/month on a 60 month loan, and that's just the loan. I imagine that there would be much value in the vehicle after those 60 months, if you drove full time in it, and I imagine the Prius has lower operating costs than most vehicles in it's class.

I do occasionally get tiny economy cars... but not very often, which seems weird, as if the major cost was the car, you'd think drivers would optimize for that by buying smaller cars, but that doesn't seem to be the case.

Re: Uber and Lyft drivers' median hourly wage is just $3.37, report finds

#197

Earlier quoted context omitted.

Taxicabs such as in NYC are (were) monopolies. The price you paid was far above what the market rate should have been, which is why drivers were able to make livings on them. Uber/Lyft are simply forcing prices back down to the market rate which is where the prices should be in a free market. Driving isn't really something that should be a career. > "Why is it that a company that's supposed to be vastly more efficien…

> "Driving isn't really something that should be a career." Why not?

In my country (Poland), cabs are not regulated very heavily, which leads to a flood of drivers, and low prices. In result, in many towns even by driving 10 hours a day (most of which is spent waiting for customers) you're making not much above the minimum wage. As a result, driving a cab has become in large part an extra source of income for retired cops or other people who retire early (say in their fourties).

I don't see nothing wrong with that - it's a job that requires no qualifications, has no boss, flexible hours, is not demanding physically or intellectually. In short - a dream job for many people. It only makes sense for it to pay less than say a grueling job at a factory.

Re: Uber and Lyft drivers' median hourly wage is just $3.37, report finds

#198

Earlier quoted context omitted.

If the GP is correct and the companies are losing money and subsidized by venture capital... Then no, they aren't fixing the process down to market rate. They are artificially delaying the market rate with venture capital.

Yep, and ruining life of lots of people in the process. But hey, all for big money!

I do not see how subsidizing work is "ruining life of people".

I, for one, receive competitive salary from market and would love my work be additionally subsidized by VC. Ruin me all you can.

Re: Uber and Lyft drivers' median hourly wage is just $3.37, report finds

#199
post #84
post #30

Earlier quoted context omitted.

I didn't know MBA's were that squeezed that they need second jobs.

MBAs are different from engineering degrees in that while a MBA from a top school is super valuable, a MBA from a so-so school is, as far as I can tell, worth very little. Keep in mind that one-year MBAs from disreputable schools are often advertised to working people. I mean, you do learn things; my understanding is that it's sort of a 'survey degree' that gives you a shallow treatment of a lot of different business…

The entire point of the MBA is the networking opportunities and joining the alumni club. The content can be got for a fraction of the cost, or even free. The success of the top MBAs is therefore self-perpetuating. And there is literally no point in doing one outside of the top maybe 20 schools, because there is no one there or in the alumni network who can give you a foothold.

Re: Uber and Lyft drivers' median hourly wage is just $3.37, report finds

#200
post #5

Earlier quoted context omitted.

They are basically biding their time until driverless cars take off it seems.

That's what I never really got. The fact that self driving cars will be the savior for Uber. Let's assume, for the sake of argument, that the concept is viable in urban areas within 5 years and Uber puts a massive fleet of self driving vehicles on the road. While it's certainly true that they wouldn't have to pay drivers it would be a massive shift in capital investment. The "genius" of Uber is shifting the necessary…

I share your opinion.

Also, I never understood what kind of problem companies are trying to solve with self driving cars to be honest. Traffic in cities will be the same, if not worse. And I consider driving as one of the things I really enjoy doing. Why take that away?

Post reply on HN