The economics of ride-hailing: Driver revenue, expenses and taxes
- News
- External
- Mobility
Results show that per hour worked, median profit from driving is less than the minimum wage.
Taximeter (CC0 1.0 by LollemyArtPhotography refined by o-media.org)
Ride-hailing operators such as Uber and Lyft have collectively taken millions of customers on billions of rides since 2009. These rides are delivered by hundreds of thousands of independent contractors who face uncertain customer demand and bear the expenses of operating a vehicle. external page Read more