Most Uber And Lyft Drivers Earn $3.37 Per Hour: Study
A new study by researchers at MIT’s Center for Energy and Environmental Policy Research finds that the average pay for Uber and Lyft drivers is $3.37 per hour after expenses.
The study authors said that almost a third of the drivers “are actually losing money by driving for the ride share companies,” notes NPR.
According to the study, 74 percent of drivers earn less than the minimum wage in their state.
On average, drivers make $0.59 per mile driven, but car-related expenses cost $0.30 per mile, leaving these drivers with a median profit of $0.29 for each mile, noted the study.
The MIT study questioned more than 1,100 drivers, and found that 80 percent said they work less than 40 hours per week.
An Uber spokesman responded to the study with a statement to The Guardian:
While the paper is certainly attention grabbing, its methodology and findings are deeply flawed. We’ve reached out to the paper’s authors to share our concerns and suggest ways we might work together to refine their approach.
NPR reported in December 2017 that the ride-sharing companies have high turnover rates, while a study by The Information found in April 2017 that only 4 percent of Uber drivers stuck with their jobs for a year, noted CNBC.