Uber Update: Older Drivers Enjoy Social Aspect; Pay Overestimated

An interesting article in Ozy reports: “Bryan Yune doesn’t really need to work. The 73-year-old has a nest egg and his wife still brings in regular dough. So why is he driving his new Prius around Mountain View, California, for several hours every morning, moving Uber and Lyft customers from point A to point B? It’s simple, he says: ‘I can’t not be with people.’” The article continues:  “Of course, the majority of drivers for ride-hailing companies actually do care about the money. Three-quarters of Uber drivers said money was their biggest motivation, according to a company-commissioned report released in January, and they reported making an average of $19 per hour. Glassdoor, an independent salary tracking site, has Uber drivers making closer to $15 per hour, while SherpaShare, which tracks ride-hailing employees specifically, estimated that gross earnings per Uber trip were below $15 for every location outside of New York City. And that doesn’t even include Uber’s 20 percent cut, or fuel and vehicle costs that the contractor takes on. Uber is rarely a driver’s sole source of income, according to the company report.” Read more here.