Rideshare Drivers Mostly Earning Less Than Minimum Wage: MIT Report (3-3-18)

 

The median profit before taxes earned by ride-hailing drivers at either service is about $3.37, or less than half of the minimum wage in most states, researchers at MIT’s Center for Energy and Environmental Policy Research wrote in their newly published working paper, “Economics of Ride-Hailing: Driver Revenue, Expenses and Taxes.”

Culled from interviews conducted with over 1,100 Uber and Lyft drivers, the analysis “provides one of the first detailed estimates of ride-hailing profit,” its authors wrote.

Read Full Story Here (via Washington Times)