How Uber Screwed You and Your Driver to Make Its First Profit
ฝัง
- เผยแพร่เมื่อ 28 ก.ย. 2024
- Uber wants you to think that “innovation” and “diversification” are the reason they finally turned a profit in 2023.
The real reason? The company has raised prices 65% in 5 years while taking a bigger cut from drivers.
And they even admitted their scheme 5 years ago. We have the proof.
-----
More Perfect Union is a nonprofit media organization with a mission to build power for working people. Learn more here: perfectunion.us/
Follow us on Twitter: / moreperfectus
Instagram: / perfectunion
Facebook: / moreperfunion
Tiktok: / moreperfectunion
They undercut taxis to create a monopoly using investor money, then start screwing everyone over now they have that monopoly. Everyone saw this coming.
Now in bed with those taxis companies to make more
@@christhayer5498 Of course. Because that's capitalism baby!
Facts
@@FuelDropforthewin No, that's not capitalism. That's profiteering. Just one more way that people can mislead others to blame their actions on something else.
A 'monopoly'? Uber doesn't have any competition? It's more like Uber drivers are looking for the 'get rich quick scheme' but don't read the contract. "A monopoly is characterized by a single company supplying a good or service, a lack of competition within the market, and no similar substitutes for the product"
That's american corporate discipline in an nutshell: F*CK the employees and consumers to turn a profit.
why should they subsidize customers and drivers forever?
Because these companies take the money out of the company and funnel it to the boards crowd fund through he stock market never turn "profit" then look for a bailout from the government while also taking government funding to cover startup costs. It's criminal stock buybacks should be illegal.
@@kennethb6211 Saying anything should be illegal is lame, our nation is run by criminals, they craft laws to protect their criminal cronies from the public not the other way around.
What this country needs is competition for the market.
Go ahead and try build a cheap and fair version of Uber. It seems like you already got a lot of willing drivers in this comment section. Next up you just need to offer cheap rides to consumers
I'm an uber driver and I've noticed the "reduction in incentives" for months already. It's truly not worth it most of the time anymore, they're trying to pay as little as $15 an hour which is more like $10 an hour after gas and car costs.
Don't forget your employer taxes as well. (Social Security and Medicare)
Uber had a policy of cutting driver pay every 6 months when I finally gave up. At a point where the car was costing more to operate than I could make after taking into account all vehicle expenses. That was before the pandemic.
At this point all these companies are operating on the idea that drivers and their vehicles are easier to replace than maintain.
Yep, Uber and Lyft kept the prices really low until they destroyed all the local cab companies. Then they put the screws on us. It's dirty and rotten. I'm glad states and cities are banning the apps. Rich people suck😊, eat them!
I hope you have been building a little black book of customers who can contract with you directly ?
@@rrmackay technically illegal. Taxi drivers can do that but not Uber or Lyft Drivers.
This is a huge part of the problem. Drivers for these companies do not have commercial licenses, are not subject to state or federal regulations on licenses for driving passengers and do not even have to conform to rules about criminal background checks.
That is not even getting into all the fake accounts where one person signs up, but another person does the actual driving.
The entire plan (like airbnb) is to not have any overhead or responsibility as they don't own the vehicles or owners' properties but to profit like they are real hotels or other actual businesses.
It is the new way to scam the middle class for major profits for you or your stockholders.
It’s not just drivers they take advantage of. They hire A LOT of contractors on the tech side too, overwork them, and then lay them off before their contracts are over. They do this regularly.
Yup. Rich gotta rich. 💪😎✌️ Poor gotta serve, suffer, and submit.
They need to he reigned in
I wish there were uber whistle-blowers
@@SalamHerbs-db5ntthey might get the Boeing treatment
@@ZetaMoolah😬
This year I have experienced more gains than losses in the crypto/stock market. Thanks to some knowledge I acquired from my financial advisor and I have managed to flip the market..
I have seen something like this on countless videos and i find it misleading. I do not trust most advisors as the last time I did, it didn't end well
I totally understand, i have seen this too, but before working with anyone you need to do your research, possibly meet them in person, my financial adviser is Gabriel Alberto William , he is not just a broker, he is a financial adviser that gives advice on any financial matters not just on stocks or crypto
Okay, how do I get in touch with him?
look his name up online, please do your research, he is very good at what he does and has been in various financial market interviews
look his name up online, please do your research, he is very good at what he does and has been in various financial market interviews
If your business model requires you to underpay your employees to turn a profit, your business is a failure.
Slave owners and land owners did as such for centuries. That is how the big house and lavish lifestyles were paid for.
It doesn't though: their business model is connecting drivers to customers for a percentage of the fee.
@@seriouslyshortofnormal925 That’s pure Kool-Aid speak.
that's every corporation in america
@shacktime
I have a very simple fix for this issue: let the drivers choose their rates and bid for jobs. There could be a 3-5 minute bidding window that closes with the lowest bid and Uber gets a standard percentage, or they could even change to a monthly subscription fee to use their infrastructure.
No one forces anyone to drive for Uber.
As an ex driver, I’d say neither Uber or Lyft will work in the long run. While taking 35-50% of the fairs they’ve done nothing to improve basic mapping function, which leads me to believe all the money is going to shareholders, city negotiations, and financial trickery. The drivers are now making less than they did driving cabs.
They’re taking 55-63% of fares. Current driver, here. The only way for us to determine the actual take rate is to ask passengers what they’re paying for their rides. I began asking over the course of this last month, and can confirm that their take rate has increased exponentially. It’s out of control! The fact that he lies with such ease reveals everything you need to know about his character, morality and ethics.
I’m leaving and focusing on my own business.
@@Cope_M I ask passengers all the time, it’s all over the place. I make $37.50 passenger paid $8.50, I make $12 pax paid $15, I make $60 passenger paid $100, I make $189 passenger paid $214, I make $64 passenger paid $22. Those are some examples
@@KMK623I highly doubt uber will pay you more than what the passenger paid 😂
Uber has found a way to pay drivers less than minimum wage, no overtime, no benefits. Stopped using Uber a few years ago and returned to using cabs. Cab service has improved, you don’t have to sign a list of terms and agreements to ride, drivers are happier and help you with your luggage, price isn’t much different.
My friends visited Boston for 3 days and racked up 285 dollars on Uber. If they had gone with Green Cab, they would have saved 175 dollars. It didn't even occur to them to check local taxi prices. When I pointed out the difference, they were astonished. They paid a hundred dollars to take an Uber 5 blocks away. They literally could have walked to the place in ten minutes.
Contractors, Temps, Seasonal Workers, and Part Timers: Different titles with a singular purpose: screwing over workers!!!
Damn straight!!! Full time, Union, or bust!
Please boycott these industries. Their employees should have 0 income
Uber drivers are actually not contractors. They’re employees that are misclassified as contractors. More like employees on flexible schedule. They don’t have the full autonomy to do their jobs like contractors do.
Contractors - TRUE contractors - should be allowed to be what they are.
Temps/Seasonal/Part time should have a limit of 90 days. After 90 days (not consecutive) it should be required by LAW that they be taken on as W2 employees. The whole 'part time with zero benefits' should be illegal. Even if they can't find use for an employee more than 20 hours they should be given the same benefits as those who work full time.
And executive pay should be limited to no more than 200x that of the lowest paid employee in the company. (for a $10/hr minimum employee wage that's 2 million a year - MAX - for executives). What's left goes into the corporate coffers and are then taxed appropriately - and can allow reduced cost of product, improved employee benefits & wages. So, for the executives to get a raise they have to raise the lowest wage in the company - TO INCLUDE UNPAID POSITIONS SUCH AS INTERNS. Which means if they employ interns they get paid 200x that...
All benefits such as stock and profit sharing should follow the same multipliers, with 'consultants' and other non-corporate positions maxing out at 25x.
And all while completely violating the employment guidelines that define each of these categories.
I just learned about this a couple of weeks ago. I was using Uber for the first time after moving to the suburbs. My drive got reassigned three times. My wait time went from 4 to 7 to 17 minutes with each new driver. So I cancelled and tried again. This time I texted the 1st driver, who also dropped me after confirming. I called the next driver to make sure she would not drop me.
We had a great conversation on the ride after I asked whether drivers could get other Uber requests after picking up mine. She suggested that they were probably picking up a Lyft client instead. Many of the drivers sign up for both. But Lyft pays them for the ride to get the customer. Uber does not. So between the fact that Uber had significantly slashed their pay and that it would not pay for the pickup, it makes sense to the drivers to take the Lyft customer instead. Specially since in the suburbs, they are less likely to get their next customer close to the drop off location.
Needless to say, I'm ditching Uber and switching to cabs or Lyft.
The title for this video should be "exactly what you would expect" not "will shock you"
Gotta give an exciting title for the youtube numbers. The system incentivizes scandal.
I would have been shocked if they planned to look after workers and pay taxes. Anything else is not shocking.
"The answer will NOT surprise you, it's capitalism, it's using investor capital to dominate market share and then squeezing". Come on guys, is this video title for people who've been in a 50-year coma?
Came to the comments to say this. It's been said, so I'm just going to leave a thought. The elites are eating up the country from the inside out. Leaving America hollow and weak.
yup..... Who would have thought? companies making profit by screwing over employees? damn....
the actual definition of profit is "Salaries that have not been paid"
According to some analysts, the drivers are not making much money when considering all the real costs of using your own car. Like very little money.
Misleading is such a kind term. They are lying.
I gave 5000 rides for lyft from 2016 to 2019. They cut the pay rate 30 days after i started and continued to cut driver pay, each time attempting to disguise the pay cut as a benefit. It's sad that neither if these companies has an ounce of integrity. Both treat their drivers as if they are a valueless commodity.
the stock market demands you treat your employees as a valueless commodity. as long as shareholders are involved, they will be the true reason for all business decisions
They are predatory
It's not a valuable skill. That's why the best advice is to get out. In order for both of them to stay competitive they both have to have the same business model.
Drivers become a valueless commodity the moment they say yes to their shitty deals, then expect "help" from the outside in the form of regulations or unions. It's absurd. I quit the moment I saw my profit going down because of competition from other drivers that they purposely hire there. People need to grow common sense!
@@japprivera3129 Exactly, being an uber driver is like being a fast food worker. You are not a valuable member of the team, just a commodity to be used to make a profit.
75% of a market is dangerously close to the M-word
we need to start looking at any company with over 10% of the marketshare to be dangerous, and not allow it to happen. if monopoly isnt the right word, then we need a new word.
@@ohiasdxfcghbljokasdjhnfvaw4ehr "Oligopoly"
No no. See 40% IS monopoly territory unless it is a duopoly.
At 40% you get to set the prices for every service hands down, and the standards too boot. Again, unless someone has more market share nationwide.
We should be worried when anyone has 2% of the market share by area covered. (I.E. to adjust for population and local costs by only looking at area covered and what percentage of that total landmass is served by the companies in question)
That might sound absurd. Until you look at US history. From before the declaration of independence was signed until 1979 multi-State companies where fully illegal. For a reason.
You had to export across state lines. the reason? STATES ARE NATIONS. The united states are a collection of 50 Vassel nations.
Not pick an choose when its convienent 50 vassel nations, but always 50 vassel nations, under whats supposed to be... leaderless governance of treaties, by treaties and constitutions.. plural. with mutliple constitutions and each nation is supposed to be a true democracy at beck and call to the popular voice therin.
The only things States aint supposed to be allowed to do is limit rights prior granted to people, leave the US, and violate the constitions amd treaties, and those treaites are the highest law of the land period end of story.
Like. fricken heck the entire US went slowly crazy these past 45 years. And its all been over greed. And its all just a repeat of 1890-1930. And its all just increadibly stupid. and that include Uber.
Sorry to vent.
@@AnonymousAnarchist2 no need to apologise. It's perfectly understandable and you comment extremely informative
any type of completely free market will 100% of the time tend to a monopoly.
Competition is nice while no one has won it... but somewhere down the line, someone will.... and even if "someone comes and beat them" comes true someday, the monopoly will still be there, just being exercized by someone else.
Competition in free market is a myth.
How the hell does it cost Uber more than 7 dollars to arrange a 20 dollar ride? What kind of technological incompetence makes this possible?
The engineers are over priced, some get paid more than 200k a year while for the same job on Google or other tech companies they get around 120k
@@armamentarmedarm1699 insurance
Correct. The MARGINAL cost of a ride is $Zero!
I drove Uber rides one time. When they offered $300 boost plus fares for 5 rides. After that, it dropped to $7 “opportunities “. Never again. Plus too many scary fares. No more. I’d rather take a bus if I have to.
Drive the bus instead, its more fun.
I only ever drove for these apps when they were running "promotions." No promotions, no work. The pay just doesn't math out. The US government is failing everybody who has not had the luxury of leaving this line of work.
The US government is failing the working class, PERIOD, FULL STOP.
Until those holding the money have it stripped away and redistributed (which would never have been necessary prior to Reagan and all of the polices that have been carried down ever since - by BOTH parties) the working class will always get f*cked over.
Look up who Tony West is.
Keep exposing what rideshare companies are doing as they increase profits explore loopholes and treat their workers like trash.
This is a financial model called blitzscaling, plenty new companies do it.
In short, you start a company with a promise, get a massive finding by venture capitalists, and keep operating at loss until you captured enough of the market to be "too big to fail," and then start racking up prices to start making money.
Uber, lyft, airbnb, wework, spotify, the list goes on. They start by offering a great deal, and progressively get worse to pay back the initial investors. That's how they appeared out of nowhere and were suddenly everywhere. And most vanish just as fast, leaving wreckage behind
Drivers union in a state in India made their own app which is cheaper than Uber and doesn't take cuts.
Drivers will do that in the US also
@@ErkanAkaltun I really hope you guys do. And make it open source so that unions in other states or countries can also use it.
@echooscar5241 Yes, we designed global software structure with localization, which means SaaS . Some people call it MaaS. Indeed there are difficulties to name the model because it is not commercial. Btw, where r u located?
@@ErkanAkaltun😯 what is it called? I hope it gets widely adopted! I'm from the southern part of India.
@echooscar5241 only taxis can work on rideshare platforms in India, right? Private cars already banned?
4:20 I can agree with this. I've only done uber eats, but when I started skipping too many fares because they literally weren't paying minimum wage, I started getting fewer and fewer offers.
Uber eats is a joke.
They dangle that carrot and people keep chasing it.
Yep stop using Uber cause of what they doing to drivers
I try to!
@@Shei-vei the pay is horrible I would rather use a cab. At least the person gets more. Here in Atlanta a cab is cheaper anyway.
@@Shei-vei Most drivers I know are on multiple apps at the same time. If all uber usage goes to a different app they'll either already get the same ride or just install that one too.
The drivers are doing it to themselves.
If you want to help drivers, don't stop taking rides, support alternative ridesharing apps that treat drivers fairly and use them when they become available.
I seriously work hard to engage myself in someway of earning more income. My family are happy once again and can now afford anything for my family even with my Retirement.$57k k weekly returns has been life changing, after so much struggles.
Maria Angelina Alexander I really appreciate her efforts and transparency.
I remember giving her my first savings $20000 and she opened a brokerage account for me it turned out to be the best thing that ever happened to me.
YES!!! That's exactly her name (Maria Angelina Alexander) so many people have recommended highly about her and am just starting with her from Brisbane Australia.
How can I contact her directly?
Yes, I will leave her information below this comment.
I drive Uber in Austin. I recently gave a ride during a busy weekend from the downtown Marriott on Congress and 2nd to the airport, a distance of about 10 miles. The passenger's upfront fare was $82, my upfront fare was $36.
So profit after exspenses is ? 20$ 15 $
Your cut should have been $55 (2/3), AT LEAST! Quit man, you're giving your car away!
I had a passenger Saturday that paid $100 for a trip, I only received $43 of that
Good god that's robbery
Which makes you bad at math. After a leased is paid a taxicab driver would keep a whole lot more after expenses.
@@serafinacosta7118 k
i thought employers taking your tips was illegal
@@ohiasdxfcghbljokasdjhnfvaw4ehr it technically is. They didn't tip tho
I drove for Uber for about 3 months and now I work for walmart and actually make enough to pay bills again.
This makes me glad ive scammed Uber Eats out of hundreds in $20 coupon codes.
😂
This is crazy. Like even people working side gigs after 2 jobs just to pay for a room in an apartment they share with strangers, can't get a break.
I never use Uber. Such a ripoff. Lyft is always cheaper when I check. The prices have become so expensive that you could just pay a taxi driver.
As a Minnesotan I am proud of us probing Uber and Lyft, solidarity forever!
Thanks for doing a video on Uber. They're the WORST. This "gig economy" is the WORST.
And, INCREASE THE PRICES!!! If your company cant turn a profit, that's a YOU problem, Uber!!! What kind of company criws "poor me" for not even paying the bare minimum!!
Hear you, except if they increase the prices, it will go to the exec's and the shareholders.
Tried to explain to people that Uber is now taking all of the surges. I've seen Uber take as high as eighty percent of the trip. They're also using trip radar to bid on other drivers at lower pay. I've watched them cancel rides that i've already accepted to, then give it to a different driver at a lower pay. Wasting driver time. All for their profits.
They list uber driver's gender, age, skin color, eye color, hair color, etc.
........so that end users can discriminate against them or something? What does it have to do with the payment algorithm? You gotta be more clear about this, man.
As a German, I would actually like to sue them for misusing the word “űber”. There is nothing “above/exceptional” with their business.
All Uber does, is run a bunch of computers.
But they require a 40% margin to turn a "profit" ?
Let's see if I can deduct 40% from my income as "computer expenses".
Seattle 5 mile trip from Airport to my home $87. Lyft? $65 Booked taxi? $37
Tried that using my own vehicles for my job ..ended up driving further and making less. And tires oil.. gas forget that
The only needed thing is an open source non-profit system for drivers and riders. Everywhere outside of the USA there are a ton of alternatives. Maybe not as good as Uber, but they take much less than Uber.
People need to start calling in to uber with their complaints. Let them know that we are done with their games.
"Call in", are you KIDDING? They do NOT answer the phone....
Of course Uber it’s screwing its drivers. Terrible.
I'd like to see Uber's expenses. It's an app, why do they need 40% of a ride to make a profit when their only expenses should be a few programmers, servers, and lawyers (to navigate governmental requirements). All of the big tech companies seem to claim or forcefully generate unreasonable expenditures. Is this just to avoid paying taxes on the profit or is it CEOs investing in high risk high reward expansions to try for huge bonuses or what?
CEO’s and shareholders have a lifestyle to maintain
Uber was paying for a good portion of each ride, paying the drivers more than the riders paid so that they could monopolize the market. Once they have a monopoly, they can do whatever they want with prices.
Need to add the incompetent customer service people they hire in India to handle problems drivers or customers have
Marginal cost of a ride to Uber/Lyft: $Zero!
I'm an analyst too, I would like to comment. In my country Uber is great for delivering food, I still use it and try to tip my drivers all the time. The Uber app that act as a taxi has problems. Business model isn't sustainable and Uber has an increasing trend of Underpaying Their own drivers. I guess using a normal taxi might be more simpler than asking for a ride on Uber.
They’re getting sued in every city, state and country that they operate. Uber and Lyft have to pay hundreds of millions in settlements. There’s something wrong when your getting sued everywhere you operate.
DT would NOT agree with you, LOL!
The thing I never hear any of these stories talking about is wait time. I used to drive for Lyft and Uber in Seattle, and the city (then state) instituted a minimum fare law, but they failed to restrain capacity in any way. So the companies flooded the market, and even though I'd make more for a given trip, I'd have less trips. If there isn't a passenger in my car, I'm not getting paid. As a whole, I made less with the higher fares.
Any of these minimum fare laws need to include all time the driver has the app open and available for rides, and yes that likely means that the companies will need to tell drivers that they're being logged out or they have to work on a schedule, but thats how responsible companies operate.
Oh, and this'll also mean passengers have to wait a bit longer, since there will not be as many drivers waiting around for their trips.
As I said in my post, using Min Wage laws is a losing battle. You're "mixing apples with oranges"...Demand detailed information on fares and cuts to drivers and keep drivers as contractors. Win for drivers/No more "stealing"/gouging drivers and customers....
Seriously it is taking a big toll on. Recently reservation rides are paying 25% less .
i would be more shocked that Uber *isnt* doing something shady.
OMG thank you thank you thank you. I’ve been showing other drivers the math behind the offers and percentages that Uber is taking from drivers. This video is gold.
We need to crowdfund the creation of a ride sharing app and get out from under these folks.
They have every right to exploit the system they created especially when the governing agents offer the people little to no protection.
When companies threaten to leave the city when mandated wages are put in place, laugh in their face. "Byeee! Don't let the door hit you on the way out!"
Unfortunately politicians won't allow that. You know they are on the pay roll
This month Uber increased the fee for instant cashout for drivers. Now it's $1.25 to do it. Previously it was like 75 cents. Yet another example of Uber squeezing as much money as they can. It's pathetic and disgusting.
... Ya know Uber aint much cheaper then a taxi.
And the taxi companies pay for the cabs, maintain the cabs, pay for the gas in the cabs, maintain customer safty, pay the full insurance on the Taxi cabs, require thier drivers to obtain a higher level of license, pay for a live human dispatcher who can help with ride hic-ups, and also a garage to house the taxi cabs, pay the cabbies decent enough wages plus all the tips.
Oh ya, and the cabs come with safty shields.
And taxi companies where profitable before Uber came along and used V.C. money and played shell games with finances to drive them outta buisness.
Uber is a case of zero value added if there ever was a case study in it. Should be in every textbook, how to get rich being worse in every possible way then your compitetion.
$3.80 for a 34 minute ride, minus $2.50 in expenses , paying drivers $2.60 per hour after expenses . Thanks Dara !!!
Yes, this is exactly what we experience. I would like to see more on the use of illegal immigrant licensing to drive for Uber. How Uber recruits its drivers from the immigrant community. Second, on how the apps are causing drivers to go broke!😢
indeed
They are still paying drivers less. With upfront pricing they are able to hide how much they steal.
unsustainable business model that won't last.
Isn't there a Cooperative version of Uber somewhere?? I heard there was. User Workers joining that would be better than a Union.
Or, you can say it'd be a more perfect union.
There are several companies spread across various cities. You just have to find out which one is in the city you’re in.
Co-ops really need to go mainstream worldwide.
@piku5637
Yes I totally agree. Yet I put to you that you are part of the reason that doesn't happen if you are like JT on Second Thought who unintentionally destroys Economic Class Solidarity, rather than someone like Christian Smalls or Shaun Fain (head of UAW) or More Perfect Union Channel that refrain from the temptation to break Solidarity and thereby are more successful with further reach and power to help.
Namely, the former assumes all people of the same economic class must be either culturally FAR Left wing in all things, or be made that way.
Thus it is far less as effective as it could be, and also counter productive in influence.
Which is a HUGE shot in your own foot.
I understand the temptation to destroy Solidarity, I would have the same temptation, we all do.
The latter - as far as I can tell - focus solely on economic class matters and are thus more successful.
Which one are you?
@@piku5637
I don't know for sure, but I reckon Mondragon would be more in the 2nd type - Esp when it was first forming.
5:17 Yooooooo, they said the quiet part out loud.
In Uber Egypt, I drove 97 km in 1.5 hours and only got paid less than 5 usd 😢
Uber isnt profitable. I am not sure what this video is talking about.
How dare uber take money from drivers rides? They are a company facilitating the action. They need to make money in order to operate. They already have razor thin margins of 2%-4% per ride. If you dont like the wage, dont drive for them. They literally have one of the worst business models of all time. It doesnt make any money.
2-4% per ride? What are you talking about? It's more like 40-80%!! Zero marginal cost per ride....
The company lost $33 billion over 14 years before they turned a profit in 2023. You think those investors just want to eat those costs forever like it is some crazy money pit charity? Drivers are paid around 60% of each ride fare. Uber keeps 40% but that doesn't go directly into their pocket. They are running massive applications all globally. They have to build, innovate, and maintain them. They have a ton of corporate employees and they have a ton of overhead. They have a shit ton of overhead. So after factoring all that into that 40% that uber keeps, they end up making 2% to 4% in profit on every ride.
Previous to raising prices on consumers and lowering the wage that they pay the drivers, 40% of the cost of each ride was supplemented by investor capital (that $33 billion that was essentially being flushed down the drain in ghe hopes that one day uber might actually turn a profit). So, the do not make large margins. Their business model does suck. The consumer has taken a large brunt of the burden of making uber profitable. Drivers also have taken a hit, but the more the drivers demand more, the worse it gets for the consumer because uber will have to continue jacking up prices to try to stay profitable. Eventually people will stop using the service because it is too expensive. The business won't have capital investment to save it anymore and it will go bankrupt. The drivers are just making this happen at a much faster pace than it otherwise would.
The only other way that their business can be saved is if driverless cars do gain a large foothold. Then you will be right about their profit margins, but of course, at that point they won't need drivers anymore.
Meanwhile drivers been making profit for years while uber didnt get paid and lost money
They tricked everybody into focusing on per hour when it was supposed to be per gig. And based on what you did. How much time and how many miles. You're basically an employee of an algorithm. You're getting a percentage of your per hour based on the ride you did. That doesn't include wait time or pick up time. Uber basically created a problem so they could sell a solution. By making wait times longer. People are impatient. So they'll use the express pick up to pay more money, but they don't pay the drivers for it.
Started driving for Uber a year ago I was doing well. Now, I don’t take the rides they’re offering anymore 99% of the time. Not even $1 a mile. Disgusting. I hope they like all the desperate drivers they have because anyone with a brain knows what they’re up to. Hoping this goes viral. Highly unfair terribly unsatisfactory.
Uber has no reason to charge a percentage on the drivers’ fares, they should be charging a flat rate
As a former Lyft/Uber driver you are right on. Pay and incentives have overall gone down in comparison with rates charged the passengers.
Covid knocked me out of driving Lyft/Uber in 2020... but the effect was well underway at that point from previous years.
If I ever have to use uber again I'm going to let the driver know what the ride cost me
Would be better if you cancel your order and pay cash. If Uber charged you 40$ driver get around 15-18. So pay the driver 30 and all of you would be happy
I have one year old daughter. Today I was driving in Chicago for 8 hours. I earned 118$. 100 miles. We have to sleep on one bed in one room. Tomorrow I go to the shop and buy cheapest food for my daughter. Thank you Uber
@@kalebvp8522 That's $118 BEFORE costs or after?
I like how everyone seems to have forgotten about 'regular taxis'. I guess they don't exist anymore
Uber put the taxi company in our town of business. There's about 100k people in the city limits and another 200k in the suburbs and outskirts.
Or a video about the fact that they pay pretty much all the income taxe
Its a no win for drivers. Because most drivers dont account for totaled cost. Car depreciation repairs gas insurance eats most of profits. Most are making low wage.
They're in denial. The people who stick with it do it because it seems they have freedom to call their own shots. Make their own hours. Be their own boss. Which is a delusion.
*GLORY!!!, $555k every 3weeks! I can now afford anything and also support God's work and the church.*
As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by a widely known crypto professional.
The professional is Ms Angelia Marie.
I'm surprised that this same name is being mentioned here, I stumbled upon one of his clients testimonies on CNBC news last week.
my advice to everyone is this saving is great but investment is the key to be successful imagine investing $15,000 and received $301,500
Attention Uber drivers if you want to make money, try selling toilet paper with Uber printed on it
Don’t use Uber until they pay their drivers a living wage
Not making up to a million before retirement is unfulfilled retirement.!! I’m 54 and my wife 50 we are both retired with over $7 million in net worth and no debts. Currently living smart and frugal with our money. No longer putting blames on FED for our misfortunes. Saving and investing lifestyle in the stock and forex market made it possible for us this early, even till now we earn weekly.
How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency, stocks, through the assistance of my discretionary fund manager
Mrs Nancy Williams Laplace
This is correct, Nancy's strategy has normalized winning trades for me also and it’s a huge milestone for me looking back to how it all started..
Nancy is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
"No business that relies on paying less than a living wage has no right to exist in this country." -FDR
FDR also gave incentive money to Southern Land Owners to not grow crops while courting them to vote on his New Deal. Most Southerner Land Owners were registered Democrats back then.
Only these land owners were not kicking a fair share to none towards their sharecroppers out of their collected money. Mostly of these sharecroppers were negroes, with a scant few whites amongst them. .
Eleanor Roosevelt , the ever so humanitarian and distraught wife , plead good ole Frank , to look after this injustice. F.D.R . , courting Southern Democrat string votes, would not want to hear none of it. He willfully chose to ignore.
Negro sharecroppers would then meet at their local congregations , mostly baptist , to share their grievances and organize. They were brutally met with lynching mobs, cross and churches burning , and this is when KKK became known to act as henchmen for these bankrupt aristocrats.
Some swell fellow, FDR. His silence and willful omission cost countless African American lives.
Disgusting quote. The terms two parties agree to trade on is none of the government s business. If an offer is not up to your standards, don t take it. That s it.
@@maximemeis2867 Ok boomer. Here's a hw assignment. Go read the Jungle by Upton Sinclair and research the Gilded Age.
@@jackcarraway4707 so you have no argument. Whatever these book say, still none of the government’s business. If you don t like a deal, don t take it. That s it.
@@maximemeis2867 Ok enjoy working 100 hours per week at a $2 an hour.
Whelp, guess I’m dusting off my Lyft emblem.
I used Uber when it first became available because it was cheaper than taxi and you knew cost before booking now it’s expensive that I ended up renting a vehicle to use for the day than take Uber. The cost from airport to Airbnb was $108 while renting a vehicle cost $70. Airbnb has become expensive as well that I might stop supporting them.
please excuse the unsolicited advice but i really want your message to get out. In the future, don't make videos that are 7:57. Either go over 8 or under 6. 8 minutes is when youtube allows mid roll ads, so they stand to make more money on 8 min and longer videos, so the alg is going to push the long videos. Some creators even let a blank screen play for several seconds at the end just to hit that mark. That's why you're other uber video (that was over 10 min long) did almost 5x views as this one
I hope another company takes over, Uber has been a scam taking more than 50% of earnings from drivers.
As a semi truck driver I can say. If a companies driver pay cannot be explained in simple math, they're messing you over. After all what makes Uber driver pay so complex that they need an "algorithm" the make it work.
Very True! In the 90s I worked for 2 different fancy limo companies. The one where you paid for the gas, your cut was 1/3 (1/3 driver, 1/3 car owner, 1/3 limo company where they actually DID SOME WORK and provided a clean car with a full tank of gas!). The one where they paid for gas, it was 1/4. The one where they paid gas, they guaranteed me $300 per week in "comissions" (long time ago, so it's probably like $900 equivalent now....). Often it was SLOW and you were always waiting for the lucrative fares...sometimes it was easy money...other times you were going bananas thankful that you (hopefully) had money in the bank to carry you!
Wow. For many years I earned crap wages doing office work. I learned a trade and got out of it. I did not blame the employer for my low wages, because I accepted it and plenty of others would have taken the job. If you don’t like your job, find a better way to make a living. You are not a slave. Right?
LOL i didnt realize they legit put driver dissatisfication and plans to cut driver pay in their S1
just did two videos breaking down how ridiculous the costs are. would love to help spread this message if i can
I get hammered at least twice for tips as well. It asks me to tip after the ride and when the "thank you" comes through. I once discovered with horror, I'd tipped my driver three times.
If you are going to patronize these SHARKS, please tip in cash! Keep an envelope at home to take care of service workers.
I'm working harder and longer hours than ever before for far less money. In six months I've put 35k miles on my vehicle. It's very disheartening to drive for an employer that exploits you and lies about it.
I do not, 100%, use any app that turns what was originally professional work into gig work. No delivery apps, no ride-share apps, no AI apps. All these things to replace workers reminds me of Milton Hershey. "Damn your machine, hire me 20 workers."
Unfortunately too many people refuse to stop working for these scam companies. If everyone just stopped doing Uber than Uber would either have to start actually hiring drivers or go out of business. Sorry to state the obvious. Seems redundant at this point
@@stevenotero2627 Ah, welcome to our current economy, where people are suffering so much economic anxiety, they're looking for gig work. Most Uber drivers aren't full-time drivers, they have full time jobs and use Uber as a means of earning enough money to make ends meet. So, yes, people shouldn't work for Uber, but if you want that to be the case, you need all the rest of corporate America to decide to pay their employees living wages so that gig work isn't a viable industry.
It’s only a matter of time before the open source community driven version is what people use. And cash would become king in a day. In fact I think I’ll stop by the bank tomorrow.
A "funny" fact: Tony West (Uber Executive) "coincidentally" is kamala harris's brother-in-law.
Also a funny fact, Kamala campaign told ABC they wouldn't show up for Presidential debate if any mention of Tony West was made.
Great research! Great reporting! THANK YOU
I do uber eats and tried to get clarification for how much I'm being paid per mile and they straight up wont tell me. I'm an employee asking for details on my compensation and they refuse to share it. Illegal as hell
Sadly, it's the same everywhere. Tesco's CEO just got a pay rise earning £10million per year while their workers and regular citizens are struggling to put food on the table and having a roof over their heads.
I would love a video on Just-In-Time scheduling, I worked for a major theme park that had EVERYONE call every day at 11 AM to get hours and had to use an autodialer to try to get through
After 16 months I left ride sharing back in 2018. I took a lyft trip to my mechanic. The prices were high comparing 2018 to 2023. Rip off.
Got to love upfront fares as an excuse to charge customers a surge while paying drivers less. Meanwhile, the customer expects the reason they're being charged extra is because of more ride demand than driver availability. It's just not true anymore.
Uber cheats the drivers and the customers. I advise everyone to let your driver know how much your paying for the trip.
Über has zero maintenance costs or insurance or gas.
Plus they pay no benefits. No taxes. No unemployment insurance. No social security. It's a crime
The minimum payment established by AG L. James, has caused chaos, because now Uber turned off the application as to avoid payment minimum hourly rate when it wants or in area that not busy. As a driver, I am being turned off and not even making the hourly rate.
Corporate greed has been going on for decades.
Then only deal with non profit workers coops
Uber controls everything!!! So drivers are employees??? When you are a contractor's you are in control of your time and performance. Uber will shut you down if you turn down to many rides. Uber is stealing tip money from drivers. Under pay on rides!!!! You get a warning if you brake to much. You get a warning if you don't stay on app routes. Uber the rides change the routes!!! Back seat drivers!!! Uber wasted $200 million not listing to the drivers. Drives are not the enemy!!!! Uber and some riders are!!!!
I started driving ride share part time in early 2013 back when fares were by donation. I made so much money in the early days. I could make 200$ in 4- 6 hours. By the time I quit in 2015 I could only make about 100$ in 6 hours. Some drivers would talk about the profit and loss ratios and bitch about the pay and rules. But no one knew just how much they were screwing us over. Between the extra Social Security taxes and the gas and car maintenance it got too expensive to drive. That was around the time that uber got the bright idea to partner with Hertz to sell shitty leases to drivers who didn't have a car. That company is so venal. I won't even take a ride share. I'd rather take the bus or walk.
Thanks for this important story. FYI, at 1:15, the line should be "much more simple", not "more simpler".