However much you tip your Uber driver, it’s probably not enough. As a working paper, it’s important to note the figures haven’t been peer-reviewed and are subject to change. Once those costs are accounted for, the working paper found, 74 percent of ride-hailing drivers make less than the minimum wage in their states, and 30 percent of drivers actually lose money for every mile they drive. A graph shows revenue versus expenses per mile by drivers for ride-hailing services. “This untaxed profit represents a social subsidy for the ride-hailing business model.”While the paper is certainly attention grabbing, its methodology and findings are deeply flawed.

Source: Huffington Post March 02, 2018 22:52 UTC