"A couple of years ago, I started driving for Uber basically full-time after losing my job. I easily drove 40 hours a week and made between $2,000 and $3,000 a week before expenses. Over time, though, things got more challenging. Bonuses and promotions started to fall off, and I saw a lot of people coming onto the app looking for work."
"A few years ago, Uber started using upfront pricing, which got rid of the rate card and used algorithms to determine my earnings. After that, I noticed my time spent online looking for rides was significantly higher, even during busy times. Instead of spending 40 hours a week on the app and doing really well earnings-wise, I found myself spending up to 60 hours to make the same pay."
"Many of the rides Uber offered me didn't pay as well as they used to, so I ended up rejecting most of them. I learned to operate more like a business owner and less like an employee."
James Howe drove for Uber for 12 years, initially earning good money as a part-time driver with predictable rates based on distance and time. When he drove full-time after job loss, he earned $2,000-$3,000 weekly working 40 hours. However, conditions deteriorated as bonuses disappeared and driver supply increased. After Uber implemented upfront pricing using algorithms instead of transparent rate cards, Howe's earnings declined substantially. He spent up to 60 hours weekly online to earn what previously took 40 hours, forcing him to reject most ride offers. This shift prompted him to adopt business-owner strategies rather than employee mentality, ultimately leading him to pursue full-time employment elsewhere.
#uber-driver-earnings #gig-economy-challenges #upfront-pricing-algorithms #ride-hailing-compensation-decline
Read at Business Insider
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