Wondering if Someone can make a living with full time Uber driving!
There’s been numerous studies on this. The conclusion seems to be that after car costs, drivers are making close to minimum wage or even less.
Yes but in those studies the hypothetical drivers get their car washed and detailed professionally for $$$ like twice a week. Who even does that?
There is a similar situation in India. There had been strikes in Bangalore and Mumbai to increase wages /incentives for drivers.
$12/hr before income tax
And that's for the Bay Area?
lyft is guaranteeing $4400/ month in the Bay Area. That works up to $52800/annum. Assume $15K for car, insurance and gas. $15K for rent. $5K for healthcare. $2K for traffic tickets and car wash. $5K for taxes. $1K for phone and internet. You are left with around $9,800 and a sore back.
The same TC as an Uber driver with 0 YOE driving
Probably even less considering they pay more bonus to new drivers for retention purpose.