Uber Drivers Speak Out on That MIT Hourly Pay Study (3-9-18)

Last week, a public relations skirmish broke out between the Massachusetts Institute of Technology and Uber, after researchers at the school’s Center for Energy and Environmental Policy Research (CEEPR) released a dismaying study on the subject of ride-sharing drivers’ profits. Across the board, they estimated, after accounting for such business costs as fuel, depreciation, and insurance, Uber and Lyft drivers — independent contractors by definition, and thus granted few of the protections that even the most rudimentary part-time jobs boast — often saw their take-home pay dip well below $4 an hour.

Read Full Story Here (via The Village Voice)

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)