Drivers For Uber, Lyft Are Earning Less Than One-Half Of What They Did Iv Years Ago, Report Finds

The MIT study from Feb was false together with garnered our measure correction:

You Trusted Me together with I Failed You

Regret the error.

So you'll sympathise a fleck of hesitance linking to this piece.
Oh who am I kidding, if a even out shows a hole inwards the Ubesters trouble concern innovation we'll likely run amongst it.

From Dow Jones' MarketWatch:

Drivers earned 53% less inwards 2017 than they did inwards 2013 

Drivers for online platforms including Uber together with Lyft are making less than one-half of what they did iv years ago, fifty-fifty every bit to a greater extent than together with to a greater extent than people are drawn into working for them.

Influenza A virus subtype H5N1 novel study from the JPMorgan Chase Institute, based on payments directed to 2.3 i grand 1000 families, showed that average monthly platform net turn a profit dropped considerably — yesteryear 53% — betwixt 2013 together with 2017.

These drivers made $783 per calendar month inwards 2017 versus $1,469 inwards 2013.

In the kickoff quarter of 2014, most one-half of drivers who operate for on need platform such every bit Uber together with Lyft, earned $900 a calendar month or more. However during the kickoff quarter of 2018, less than 25% of drivers were able to earn to a greater extent than than $900, the study found.

“These declines inwards monthly net turn a profit amid drivers may reverberate the fact that the increment inwards the publish of drivers could receive got pose downward push clit per unit of measurement area on hourly wages; they may likewise reverberate a potential spend upwardly inwards the publish of hours drivers are driving,” the study stated.

“Regardless of whether the driblet inwards net turn a profit was caused yesteryear a autumn inwards reward or hours or both, it indicates that driving has croak less together with less probable to supercede a full-time project over the yesteryear v years, every bit to a greater extent than drivers receive got joined the market.”...MORE

Attentive readers, i.e. those non distracted yesteryear the correction .gif, receive got likely spotted at to the lowest degree 2 errors inwards methodology and/or presentation of the study exactly every bit I said, we'll run amongst it.