Uber rubbishes MIT’s claims of drivers earning less than minimum wage

Mar05

by Sindy Cator on March 5, 2018 at 7:14 am

How much would you estimate the average Uber driver in the US earns per hour? $5? $10? $15? An MIT study published over the past few days (PDF) will have you believe they bring in median pretax profit was $3.37 per hour, or less than minimum wage in many states. Uber is rubbishing that claim, citing incorrect methodology – and so we might get fresh numbers from MIT this week. The MIT study used data from a survey of 1,150 drivers published by gig economy blog The Rideshare Guy, and found that drivers’ profits, after calculating vehicle and fuel expenses,…