Why Uber Is A Scam - Math Explains

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  • เผยแพร่เมื่อ 25 ก.ย. 2024
  • Ok so I was looking at this graph put on Uber’s website today and thought it looked too good to be true. How amazing that Uber drivers make more than any other type of driver.
    But I knew from my own experience as a rider that Uber didn’t cost that much. In fact, Uber is pretty cheap if you’re a passenger.
    Sooooo…. how can uber be so cheap, and yet the drivers make so much money???
    Now Uber has cut pay to drivers in Detroit to 24cents a mile , but we’re going to stick to the 90c for now.
    Uber takes 20% of the total fare from the driver for older drivers. Newer drivers get 25% taken.
    So we’re down to 67.5c per mile.
    Then you have to deduct tax:
    In some LA County's, sales tax is as high as 10%, and Uber doesn’t withold taxes for you. The drives are responsible for keeping this money aside to pay the tax department in April.
    So with the 10% deducted, we’re down to (just over 60 cents) 60.75c
    Now we need to factor in depreciation of the car. A car is an asset like anything else, and will eventually wear out and you’ll have to buy a new one. Every mile you drive decreases the value of your car and brings you that much closer to needing a new one. This is a big problem if you drive for a living, you’re going to need to buy a new car every two or three years and the cost of a new car is significant.
    The IRS estimates vehicle cost to drive a vehicle for work at $0.54 a mile .
    Broken down into
    Fuel costs @ an average of 12c per mile
    Depreciation at $0.24c per mile.
    Repairs, tyres, & maintainence at 9c per mile
    Insurance, licence, registration, finance, fees - average out to around 9c per mile
    So with 54c depreciation, repairs, and fuel accounted for, we’re down to just over 6c per mile that actually goes into your hands of drivers.
    Given that Uber also asks its drivers to buy things like bottles of water, gum, and chargers for it’s passengers, we can say for certain that driving for Uber pays well below minimum wage or even worse, costing drivers money (as is seen directly in this actual fare uber charged one of it’s drivers).
    So given the math is so bad, why does anyone drive for Uber?
    Here’s an example of a post an Uber driver posted - he was $400 behind on the rent, and needed to make up some quick cash. In a way, uber is kind of like a loans scheme.
    Now for some people in desperate circumstances, what Uber’s offering might be an acceptable deal. But for most people, driving for Uber is a waste of time. I wish Uber would be more honest with people. By our calculations, the amount you’re making as an uber driver is nowhere near $19 per hour. If you drive 30 miles per hour at 6.75c per hour, you’re only making $2.00 per mile - by far the worst choice of any transportation job.
    This number is supported by Not Cool Uber, who have tracked hourly earnings to be around $2.89 and, after vehicle fees are taken into account, $0.
    Now - I’m not against car pooling. We all need transport, and I know I am a frequent user of Uber & Lyft. But I think that Uber is going about it in an unethical way, which makes me unethical for supporting them as a customer.
    Uber could easily fix this situation : by reducing their commission, by making rates more reasonable, by giving riders the option to Tip their drivers, or just by being transparent. But that would mean admitting that they’ve generated significant revenue from effectively exploiting their drivers. So the truth is, Uber benefits from maintaining this status quo. Uber is currently reported to be making $10 billion in revenue per year - and that money has to come from someone.
    Just don’t let that someone be you.
    SOURCES
    www.bloomberg.c...
    observer.com/20...
    This video is presented by Jayde Lovell, produced and edited by Yohana Yoshe and Janina Soriano.
    SCIQ ON THE YOUNG TURKS
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ความคิดเห็น • 22K

  • @AidenIsLove
    @AidenIsLove 8 ปีที่แล้ว +464

    I am an Uber driver and I can speak from experience. I am in KC and I get 85 cents per mile. First of all, Uber only takes 20% from me and every driver knows this going in. As far as taxes and car expenses go, you get a 54 cents per mile tax DEDUCTION at the end of the year to offset all the costs associated with driving. If you are diligent in keeping track of all of your miles, you can claim into the negative profit which means $0 in taxes. The video also doesn't take into account Uber surge rates which do happen quite often, especially if you know where and when the best times are. The video also doesn't take into account actual ridesharing where I am out and about anyway and just turn on my Uber in case it should happen to ping a ride. The video also doesn't take into account cash tips that I sometimes get that goes directly into my pocket.
    Ya, Uber could be better, but videos like these only look at the parts they can pick and choose to be negatives and have no real world driving experience.

    • @ScIQ
      @ScIQ  8 ปีที่แล้ว +34

      Hey! I didn't actually mention income tax in the video, so there's nothing to deduct from. You still have to pay sales tax - you can't deduct from that. And whilst we didn't mention surge pricing, we also didn't mention 'special' pricing, like how USC students get 50% of fares. And Uber doesn't make up the difference - it's only after taking them the distance that the poor driver realizes he's only made half the normal fare. No matter how you do the math, no one can actually show that you get the full $19 that Uber claims you make. IE even if all your points are correct (they're not), Uber is still blatantly lying to their drivers. - Jayde

    • @AidenIsLove
      @AidenIsLove 8 ปีที่แล้ว +37

      ScIQ There is no sales tax with an Uber ride. There is nothing to be sold. So, yes, income tax is what is paid, NOT sales tax.

    • @AidenIsLove
      @AidenIsLove 8 ปีที่แล้ว +34

      Here's the thing. This video goes on to explain why Uber is a SCAM. But all the video does is tell me that running a business is going to incur expenses. That's like saying, opening a restaurant is a scam because it typically takes 5 years just to get your initial investment back and you have to pay employees, rent and electricity.

    • @lloplop
      @lloplop 8 ปีที่แล้ว +4

      A scam as I am making good money!!! lmaoo omg this is so sad man these buffoons are the losers of Uber and dont know how to make money. It is NOT the same for all of us and depends on many factors. I AM MAKING MONEY AND DOING GOOD HELLO HELLO HELLO JACKASSES

    • @AidenIsLove
      @AidenIsLove 8 ปีที่แล้ว +12

      lloplop These people wanna talk about your car depreciating in value. Well, it's going to depreciate in value whether or not you drive for Uber. Do people consider their car depreciation when they commute to work and back every day or go on vacation? Didn't think so.

  • @BobTheBob647
    @BobTheBob647 8 ปีที่แล้ว +297

    There's a good way to do math. This is not it.

    • @mr11fawful
      @mr11fawful 8 ปีที่แล้ว +2

      so she is wrong?

    • @kipstockton426
      @kipstockton426 8 ปีที่แล้ว +12

      +dabberzz nonsense if you factor in the federal tax deduction the government allows of 57,5 cents that easily covers any and all costs I accrue driving for uber .I make a living many would like to have

    • @ThisIsPureyoo
      @ThisIsPureyoo 8 ปีที่แล้ว +21

      +dabberzz She is completely wrong. Looks like she did like 10 minutes of research and took whatever information she could to make uber seem bad. This person knows almost nothing about taxes lol. The uber drivers are considered contractors and even though the cost of driving is "54 cents" come April they are able to write off every single mile they drove while working for Uber. So the statement about them making almost nothing is 100% false.

    • @mr11fawful
      @mr11fawful 8 ปีที่แล้ว

      +ThisIsPureyoo thanks. I have no knowledge about it, and really don't care since I won't be in the career. but thanks for you comment

    • @yewwowduck
      @yewwowduck 8 ปีที่แล้ว +8

      +ThisIsPureyoo Even if you can claim that cost off your taxes, that money should still be going toward your vehicular costs, that's why it's tax exempt, because you are expected to spend that much money on your vehicle for work, instead of for self.

  • @spareknives
    @spareknives 7 ปีที่แล้ว +521

    A car lasts 2-3 years? What kind of cars you buying

    • @kazoo3434
      @kazoo3434 7 ปีที่แล้ว +4

      I think she's using cars you lease as an example...

    • @tmobilesucks3090
      @tmobilesucks3090 7 ปีที่แล้ว +6

      Crystal White Mustang If you get into cost per mile, ALL vehicles, maintenance costs and repairs go up drastically at 3 yrs. Tires,shocks,fluids,etc.

    • @kevind5674
      @kevind5674 7 ปีที่แล้ว +2

      Deez nutzz

    • @chuasmare22
      @chuasmare22 7 ปีที่แล้ว +10

      SpareKnives when you use it for transportation 3 years is the max...u think u smart lol

    • @chrisl0081234
      @chrisl0081234 7 ปีที่แล้ว +16

      SpareKnives when it comes to work cars it is about MILES not age! I know plenty of insurance salesmen who put 80,000 miles a year on their car! A 3 year car with 80,000 miles is 240,000 miles! The average Japanese car makes it 220,000 miles because the cost of maintenance totals the value of the car!

  • @AP-kk4ys
    @AP-kk4ys 5 ปีที่แล้ว +43

    I have a full time job and I drove Uber Eats a few hours a day on my way home from work. I made $25.00 last week delivering. In one of the trips, I waited 30 minutes at a McDonalds for 2 quarter pounder meals, a 10 pc chicken Mcnuggets and 2 drinks. Between waiting for the food to be ready and the drive, it took me a full hour to finish the trip. Finally, I gave the food to the customer and I was paid $3.75 and the cheap ass customer did not tip me. So I went to the McDonalds website and applied for a part time job flipping burgers. I now make $8.75 an hour flipping burgers, cleaning toilets and taking out the garbage and I'm not wasting extra gasoline and putting milleage, wear and tear on my car. Working part time at McDonalds is 100% better than driving for Uber.

    • @kingreed1106
      @kingreed1106 ปีที่แล้ว +1

      Sad sad saaaddddd truth!!!!!

    • @miguelteixeira7589
      @miguelteixeira7589 ปีที่แล้ว

      You should respect both

    • @jamedlock83
      @jamedlock83 ปีที่แล้ว

      STOP EXPECTING TIPS! I don't tip anyone. . . . Things are high enough as it is

    • @thomasjung6660
      @thomasjung6660 10 หลายเดือนก่อน +1

      I've been trying to convince my friend of this . Base on this video perfect job for crack addicts b/c all they want is a quick "hit". When I drove for a radio group, the cut was 10% if I can wait for a check and 15% if I wanted cash. If people broke it down they would find out Uber is a scam, but they do get drivers. If they are a billion dollar company isn't 25% too much of a cut.

    • @havextree
      @havextree 3 หลายเดือนก่อน

      If you work in California it's $20/hr minimum wage for fast food workers.

  • @j.p.l.463
    @j.p.l.463 7 ปีที่แล้ว +432

    as a former uber driver, this is spot on

    • @j.p.l.463
      @j.p.l.463 7 ปีที่แล้ว +23

      I'd say it's easier to disagree as a consumer, but the math and IRS tax estimates for vehicle cost are spot on. If uber driver's were truly independent contractors they'd have the right to set their own rates. From a legal standpoint these drivers are misclassified.

    • @bobbrawley9439
      @bobbrawley9439 7 ปีที่แล้ว +3

      J.P. L. Again and again Great deal for the customer a loosing deal for the driver J. P. L. you said it best you were an actual driver.

    • @rickchumsae7974
      @rickchumsae7974 7 ปีที่แล้ว +10

      My wild guess is that people who disagree with J.P.L., or the video, probably do not do well in understanding their true costs, the true time spent on a task (stop current task, get to location, perform task, return to prior task, resume prior task), and other costs most closly associated with taxation, fica, and the like. As stated, people who do not see the light are Uber's targets.
      In the corporate world, the true cost of an employee is called the "burdened" rate. In most tech-based corporations the burdened rate is about twice the salary. So it is salary, plus: cost of health insurance, employer share of fica, medical insurance, shared cost of facilities and capital equipment, travel, shared cost of legal/marketing/sales/service as appropriate, and other employee benefits.
      As it sits, Uber and those like it, are headed for collapse. At some point they will have no more "marks" willing to work at $2/hour; the cost of autonomous cars will drive up fares/drive down demand, and the weight of stagnation will eventually shrink profits, increase liabilities, and drive it to its grave. Until then, the owners will strap on the party hats and get rich.

    • @xungnham1388
      @xungnham1388 7 ปีที่แล้ว +3

      Rick Chumsae Uber is highly invested in autonomous cars. 2 years ago, they poached the entire autonomous department from Carnegie Mellon.

    • @j.p.l.463
      @j.p.l.463 7 ปีที่แล้ว +3

      the only future uber has is through autonomous transport

  • @jrod4582
    @jrod4582 5 ปีที่แล้ว +1795

    Just quit Uber last month, went back to selling weed

    • @greekguytalks
      @greekguytalks 5 ปีที่แล้ว +75

      you smoking weed? you didn't get the memo?..... you were supposed to sell, deliver and drive.

    • @TheMwowner1
      @TheMwowner1 5 ปีที่แล้ว +45

      you could do both xD at the same time hahahah

    • @AngelicDiva1988
      @AngelicDiva1988 5 ปีที่แล้ว +4

      J Rod lmao

    • @Karyabs
      @Karyabs 5 ปีที่แล้ว +58

      You had left weed for Uber? Wrong move.

    • @magnusfigg6313
      @magnusfigg6313 5 ปีที่แล้ว +12

      Then can I buy a dub sack from you 🤷🏻‍♂️

  • @KC-up7hf
    @KC-up7hf 7 ปีที่แล้ว +915

    Buying a new car ever 2-3 years?
    Bullshit.

    • @scoobygms210
      @scoobygms210 7 ปีที่แล้ว +11

      K 9501 right most taxis are over 10 years old if u buy a Toyota Corolla or something it will go 15 years easy

    • @YaBo1123
      @YaBo1123 7 ปีที่แล้ว +6

      K 9501 Definitely bullshit. You called it.

    • @gsaloufarshard6294
      @gsaloufarshard6294 7 ปีที่แล้ว +16

      I feel like even with a car like that if you're driving it an insane amount which to make any money with these companies it seems like you have to, it's only a matter time till it craps out.
      If you're just putting a few miles on it every day going back n forth to work then it can last. Am I wrong?

    • @ShidaiTaino
      @ShidaiTaino 7 ปีที่แล้ว +25

      K 9501 uber requires your car to be 5 years old or less

    • @burns1210
      @burns1210 7 ปีที่แล้ว +7

      10* years

  • @KhaledKhaled-ew4hs
    @KhaledKhaled-ew4hs 5 ปีที่แล้ว +141

    Uber expects no less than 5 star ratings , they want you to work for stars and points not money . They play psychological games

    • @nadominhoca
      @nadominhoca 4 ปีที่แล้ว +14

      Uber doesn't hire you. You hire Uber. People still don't get that...

    • @5tar5z
      @5tar5z 4 ปีที่แล้ว +5

      BP stfu you baglicker

    • @NT-rm8jm
      @NT-rm8jm 4 ปีที่แล้ว +7

      Exactly! They studied our habits and rigged the app. I heard they have a psychological Department. I have doing this for almost 3 years and I am definitely ready to quit in the next couple of months. I can truly see I rigged the app is now. I they have taking things way too far. I did really good yesterday and came out this morning and I always work the Monday morning shift, but today they only gave me 3 calls in 3 hours. I rode all over Atlanta. I knew for a fact they had cut me off for making any money. I don't want me to make too much and take time off. I have noticed that. Because your money off to make you work longer. There is no other reason to go without a ride in downtown Atlanta. They try to run out your time limit so you can only make so much per shift. Or they just stop sending you rides. It's all to get you to come back out later. And I notice every time I get close to $100 all right at $100 my calls stop every time and I have to log off and try again later. I am stuck in a Uber rental because of my accident so I'm really feeling the pain because I can't maneuver between both apps. I really see how dirty Uber has became since I've been doing it for the last 3 weeks consistently. It's sad how they play the drivers. As much as I like doing it, I have to quit. I find myself getting more stressed out waiting for calls watching people leave concerts and games. It's not a guarantee that you will make any money no matter how long you stay out. But yet they allow you to run your gas and drive around knowing that they're not going to send you a call. They just want to keep you online.

    • @5tar5z
      @5tar5z 4 ปีที่แล้ว +5

      N T just wait until you calculate your time, gas money, pay taxes, etc. It’s a scam .

    • @nadominhoca
      @nadominhoca 3 ปีที่แล้ว +4

      @Ivanto Jamalot Certainly NOT modern slavery. Its a job! A decent job. Its not a career or a lifelong profession.. its a job! It certainly helps a lot of people, otherwise people wouldn't do it.

  • @SouthPark12369
    @SouthPark12369 8 ปีที่แล้ว +371

    new car every two years? more like ever six or seven

    • @Swageth
      @Swageth 8 ปีที่แล้ว +30

      Plus getting a slightly used car saves massive amounts of money

    • @OvAppolyon
      @OvAppolyon 8 ปีที่แล้ว +16

      Not to mention that if you can do the basic repairs, like changing oil, spark plugs, tires, etc, and the fact that, as a small business, there are a lot of tax write-offs there, like fuel, maintenance, insurance, hell, maybe even a dedicated uber car, the savings start to stack up in very short order.

    • @underratedcritic1983
      @underratedcritic1983 8 ปีที่แล้ว +9

      Yeah. This Australian lady is wrong on that. I bought a car that's a 2014 and in flawless condition. The amount of money I make in one weekend pay for that entire month's car note. And I plan on keeping this car for another five years. It's not like I'm gonna do ride share full time for the entire time I own this car. Why would I buy a new car every three years?

    • @mikeswoosh2564
      @mikeswoosh2564 8 ปีที่แล้ว +9

      New cars don't break down. If your always in the garage your losing money

    • @mikeswoosh2564
      @mikeswoosh2564 8 ปีที่แล้ว +3

      +OvAppolyon save yourself $100 per year by doing your own servicing is hardly going to make a difference

  • @Kalleosini
    @Kalleosini 8 ปีที่แล้ว +299

    ''give us the option to tip our driver''
    NO.
    YOU should not have to empty your pocket so he can eat tonight, his EMPLOYER should be doing that.
    #stoptipping

    • @DreamsOfLegend
      @DreamsOfLegend 8 ปีที่แล้ว +4

      I like Lyft cause if I want to show appreciation for good service I CAN... freedom of choice is wonderful

    • @red32303
      @red32303 8 ปีที่แล้ว +14

      You are the employer.

    • @shinra358
      @shinra358 8 ปีที่แล้ว +6

      +Ebon Hawk did you not hear that we are independant contractors? lol

    • @vlanoik
      @vlanoik 8 ปีที่แล้ว +1

      +Ebon Hawk In some areas there's laws in place so an employer can pay less than minimum wage provided the tips can cover the difference (think like waiters and the like)

    • @red32303
      @red32303 8 ปีที่แล้ว +4

      YOU are the employer

  • @Visceral3D
    @Visceral3D 8 ปีที่แล้ว +137

    "You have to buy a new car every 2-3 years" What fucking crack where they smoking?

    • @accountburner4714
      @accountburner4714 8 ปีที่แล้ว

      Some people lease. Majority probably buy so that's wrong

    • @andreso340
      @andreso340 8 ปีที่แล้ว +9

      +Visceral3D Shes correct. If you drive full time 40 hours per week thats about 80k miles per year. You cannot lease a car and put 80k in miles per year on it...

    • @dawgsbollix1333
      @dawgsbollix1333 8 ปีที่แล้ว +4

      +Thomas Costello Just to test your theory , go into a dealership and ask them for a quote on a 50000 mile per year lease and get back to us

    • @andreso340
      @andreso340 8 ปีที่แล้ว

      Ok

    • @accountburner4714
      @accountburner4714 8 ปีที่แล้ว

      Ok well IDK how leasing works then. I'll have to ask my dad about it because he always leases his cars

  • @ikstrucking3289
    @ikstrucking3289 5 ปีที่แล้ว +80

    Uber is a scam, because as soon as you get smart enough to see it, you get deactivated. Click thumbs up who had this exact experience

    • @ahmedt2758
      @ahmedt2758 4 ปีที่แล้ว +1

      Everything Life BIG FACTS

    • @maroni64
      @maroni64 4 ปีที่แล้ว

      I am waiting with my lawyers to do that by them. My Uber score as a full time driver in Chicago is 4.97.

    • @desertknights5003
      @desertknights5003 4 ปีที่แล้ว +2

      @@maroni64 those ratings don't mean anything to them .. besides they are fake

    •  4 ปีที่แล้ว

      @@desertknights5003 can you explain to me what the first post was about

    • @Worms_Pro
      @Worms_Pro 4 ปีที่แล้ว +1

      All the in app complaints got sent straight to my council so I've had my licence revoked, forget being barred from the app. The authorities don't believe customers false report for a free ride.
      I could challenge it in court but I can't afford a solicitor. I'll have to represent myself...

  • @StephenRoseDuo
    @StephenRoseDuo 8 ปีที่แล้ว +1278

    Uber is just waiting long enough for driverless cars to replace there drivers

    • @j.t.brunner7452
      @j.t.brunner7452 8 ปีที่แล้ว +8

      Yeah, 14 years, I'm not too worried.
      mobilitylab.org/2015/08/18/ubers-plan-for-self-driving-cars-bigger-than-its-taxi-disruption/

    • @RJ_Cormac
      @RJ_Cormac 8 ปีที่แล้ว +44

      those would cost more because then they would have to purchase vehicles, gasoline, insurance, and the support infrastructure for the fleet.

    • @StephenRoseDuo
      @StephenRoseDuo 8 ปีที่แล้ว +20

      which would cost less overall without doubt.

    • @RJ_Cormac
      @RJ_Cormac 8 ปีที่แล้ว +24

      How do you rationalize that, right now Uber makes 30% to 50% of the riders payment, only spending networking infrastructure and an "insurance policy" that never pays out.
      Self driving cars in 20 years would dive deeper into profits and take all liability onto them, no blaming incidents on contractor drivers. So then they'll raise prices for their interest?
      Why not raise the price now, or let the "contractor" drivers set their price just like plumbers and carpenters do. If they're a better driver or service or amenities or vehicle they shouldn't have any problems.
      Not hard to follow the math, no matter how you run the numbers, it's a minimum wage job, no benefits, no workers comp insurance, and they run their vehicles into the ground. The current setup takes advantage of drivers with a flashy marketing scheme.

    • @StephenRoseDuo
      @StephenRoseDuo 8 ปีที่แล้ว +8

      They don't have to make money know to convince people they'll make money eventually, which is true. If they can't raise anymore VC money they would just go public to raise the money. If Amazon is any example they won't need to post a profit anytime soon.
      You're right the math doesn't work out any time soon, it just doesn't have to.

  • @markviereck4547
    @markviereck4547 7 ปีที่แล้ว +53

    I did one trip for uber. It took me 40 minutes and I got paid $3.00. I quit

    • @successconnexions7016
      @successconnexions7016 7 ปีที่แล้ว +9

      Ian Viereck
      Uber in Houston is horrible! The company doesn't care about the drivers. Their loyalty is with the riders, period. I think Uber drivers should protest for better pay and go on a strike for a day or two nationwide. The riders ride almost for free! I took 2 people from near Bellaire to George Bush airport in MY CAR, in all the crazy traffic. After Uber deducted their commission, I was paid $20.23! $20 from Bellaire to. George Bush?? That was my third day of driving, and I'd used up a quarter of my gas tank ($10.00) to make that one trip. So minus the gas, I was left with $10 from that trip. Considering the wear and tear on the car and the 25% IRS taxes I have to pay, It was disgusted! I felt horribly sad for being abused that way, and I never went on another trip. Working as Uber driver is nothing but modern day slavery. They should increase the fares and pay the drivers more. Houston SUCKS for Uber driving!!!!

    • @vmelkon
      @vmelkon 7 ปีที่แล้ว +7

      They are paying 0.90$/mile
      3.00$ / 0.90$/mile = 3.33 miles
      You drove 3.33 miles.
      3.33 miles in 40 min
      3.33 miles / (40/60)h = 5 miles/h
      Your speed was 5 miles/h

    • @empiregeof
      @empiregeof 7 ปีที่แล้ว

      So basicly those people who picked up were probally better of stealing a bike
      a) its faster
      b) its cheaper

  • @ShidaiTaino
    @ShidaiTaino 7 ปีที่แล้ว +35

    Not to mention: Über drivers are not employees. They are considered contractors, so they don't get employee benefits or insurance or hazard pay.

  • @5tar5z
    @5tar5z 4 ปีที่แล้ว +13

    I will tell you as someone who drove Uber myself, it’s not worth it. After taxes , fuel, time, etc., the pay is absolute shit. I drove for 8 months in Guelph, Kitchener, Waterloo - Ontario Canada. Great service for the rider, and huge money for the business shareholders, but total scam for the drivers. Don’t believe me? go try it for yourself

    • @mofeidmoshreky3930
      @mofeidmoshreky3930 2 ปีที่แล้ว

      The solution is that drivers unite and creat their own app, the good news is 100s of driver donated to make it happen. The app in progress and will lunch med of August in NJ and then NY and nationwide. Driver will receive $1.25/ mile and $0.25/ minute plus a resnable fee for pickup! Drivers will recive 86% of the fare and the company will 15% to cover the platform expenses

  • @Ghostone11
    @Ghostone11 7 ปีที่แล้ว +1364

    i always thought uber was great for the rider, terrible for the driver

    • @DRiungi
      @DRiungi 7 ปีที่แล้ว +75

      you've been right all along.

    • @mrfantasticguy6385
      @mrfantasticguy6385 7 ปีที่แล้ว +22

      If it is terrible for the driver then wont they stop driving with uber? Yes you can say that "oh they don't realize taxes and the commission that uber takes". But if they look at their paycheck after taxes, then they will realize how much uber is taking away. Then people will quit doing uber and choose another transportation service or another job.

    • @XxowendanxX
      @XxowendanxX 7 ปีที่แล้ว +31

      +MrFantasticGuy how dare you use logic when people are letting out their bile against the free market economy...don't you know making sense has nothing to do with this?

    • @ivanmius
      @ivanmius 7 ปีที่แล้ว +6

      That's the point, taxes aren't taken out of your paycheck because Uber isn't a normal employer. You have to pay taxes from your savings. Also, some employees can't just quit. What do you say to an overworked college student living below minimum wage?

    • @TENNSUMITSUMA
      @TENNSUMITSUMA 7 ปีที่แล้ว +15

      Do you have any idea how stupid you sound?!
      1 uber doesn't take out taxes
      2 it is shit for the drivers but it may be all they have (to spell it out for you: if you owe 10 dollars a month in living costs and you only make 9 dollars a month with uber, isn't it better to only owe 1 dollar as opposed to saying fuck uber, not having anything else in this economy and owing the full 10?!)
      3 by the logic you chose to use: if child labor in china was terrible for the child laborers, wouldn't they stop doing the work?!

  • @purplespite
    @purplespite 8 ปีที่แล้ว +252

    Plot twist - She's a taxi driver.

    • @BunsButter
      @BunsButter 8 ปีที่แล้ว

      +PurpleSprite Haa!

    • @shamman6647
      @shamman6647 8 ปีที่แล้ว +2

      Travis formula for success :
      Uber more Low rates = (more happy enthusiastics, dynamics,efficients mental retarders drivers) + (more cheap, frugal, entitled, rude, libertine, disgusting, arrogant, tclassless, shameless drunks pseudo riders) + (less taxis)
      Lmao

    • @tonyknippenberg2728
      @tonyknippenberg2728 8 ปีที่แล้ว +1

      +Shamman66 so Uber starts charging you $0.50 a mile for a customer are you going to still work for them when we go down to $0.25 are you to work for them still

    • @tonyknippenberg2728
      @tonyknippenberg2728 8 ปีที่แล้ว

      +Shamman66 and just to let you know I don't have a problem with Uber I just want to see them get rid of surge pricing quit saying you're cheaper than a cab company and then overcharge people the lot of the customers I've been picking up that had been coming back from Uber have been overcharged a lot cuz once these people realize how much wear and tear puts on their vehicles they will see how much they really make

    • @shamman6647
      @shamman6647 8 ปีที่แล้ว +1

      +Tony Knippenberg Soo shabby and selfish person you are; think in all the money you help to save to all this poor drunks passengers you take home after all the money they spend in all this fancy restaurant, bars and strip club, just think in all this travelers you take for such affordable fares after all the money they spend in airlines tickets , hotels food
      Just think how great you are helping all this humans to save a lot of money with your little and irrelevants sacrifices in your Santander leased car

  • @jeffosburn7857
    @jeffosburn7857 7 ปีที่แล้ว +809

    Great recap but, you forgot a couple of things. I am an Uber at least for a short time. In addition to the commission charged Uber also charges the driver $1.00 per fare off the top. This dollar is suppose to pay for a 1 million dollar liability policy but, the catch is the million dollars does not cover the driver or his vehicle. It covers UBER! When Uber sends you a fare and you get there and find out it is for 6 people and you only carry up to 5 you do not get a cancellation fee even though Uber screwed up. They have you listed for up to 4 passengers, yet the rider ordered a car for 5 and you have just traveled 10 minutes and several miles in city traffic and Uber says too bad. Uber does not take care of their drivers.
    Think twice about your investment with Uber.

    • @DoubleFreedom
      @DoubleFreedom 7 ปีที่แล้ว +15

      Really? Here in brazil you get paid the minimum ride fare if you drive at least a minimun certain distance and the ride gets cancelled.

    • @politicallyincorrectleftis3186
      @politicallyincorrectleftis3186 7 ปีที่แล้ว +3

      As I've understood it from my insurance agent...
      * Uber's liability insurance covers them and the passengers
      * Standard car insurance doesn't cover you/your car since you are a commercial driver

    • @MyBigThing2010
      @MyBigThing2010 7 ปีที่แล้ว +20

      PI Liberal true BUT you can call and add a "business use rider" to your policy...it's cheap, like $20-40 per policy term, just a few bucks a month extra...and if something happens to you or your car while you're conducting business you're covered by the terms of the main policy same as if the accident happened during a personal trip. I had this on my policy when delivering pizza, THANK God, because within a two week period my car was stolen and while they were paying for a rental car, some drunk asshole hit me, totaled the rental car and ME and fled the scene (was arrested the next day) and he spent Easter Sunday in jail and hung over....if I didn't have that rider on my policy, my insurance would've told me to go hump a tree...but they had to pay up ...both for the stolen car, the cost of the rental per day and they had to pay for the totaled, brand new rental and medical. That one phone call and the extra few dollars a month saved my ass and was totally worth the time on the phone to add it...which was just minutes ...

    • @salty6pence672
      @salty6pence672 7 ปีที่แล้ว +12

      I also worked Chicago in my own car. Worked 11hours a day, and after adding everything up I was making $4 an hour. And not counting the wear and tear on my car.( I had a $4000 ex police car) I tried working different hours and locations for 3 months. ITs a rip off. And the no tips thing? Why am i going to buy you water and gum for a super cheap fare and then not even get a tip? And I swear the last week I worked, I was running large quantity drug dealers all over town.

    • @marcgoss2756
      @marcgoss2756 7 ปีที่แล้ว +2

      I bet Uber didn't screw up, I bet the riders didn't want to pay for the upgraded service to take all of them and ordered a regular Uber. happened to me 3 times...

  • @shangosankofa9560
    @shangosankofa9560 5 ปีที่แล้ว +32

    I’ve done the math also. You’re actually loosing money by driving through Uber/Lyft! It’s all a scam!!

    • @alowlytarnished5579
      @alowlytarnished5579 4 ปีที่แล้ว

      super kid you don’t when you have to pay for wear and tear on your vehicle

    • @alowlytarnished5579
      @alowlytarnished5579 4 ปีที่แล้ว

      super kid Lol do you own a car of your own and have to pay for it? Shit gets wore down after a while but specially driving dumbasses around all the time. I’m white btw

    •  4 ปีที่แล้ว +1

      @@alowlytarnished5579 No but my dad drove for uber for 4 years and there's no way he fed 4 people plus pay for citizenship plus pay for multiple plane tickets plus have a nice house for so long if it didn't work.

    • @alowlytarnished5579
      @alowlytarnished5579 4 ปีที่แล้ว

      super kid I’m sure he saved money from a previous job or something to pay for all that

    •  4 ปีที่แล้ว

      @@O_Canada No guys lmao. My dad made money off uber. Dont believe things that are told to you on the internet and try it yourself. Honestly dont give it more thought.

  • @HaniiPuppy
    @HaniiPuppy 7 ปีที่แล้ว +506

    "Or by giving riders the option to tip their drivers."
    1) You have the option to anyway - there's nothing stopping you.
    2) Encouraging tipping as a means to overcome an impossibly low wage isn't an option - you're just shifting the requirement to pay your workers from the employer to the customer, who's *already* paying for the service, and shouldn't have to subsidise greedy employers.

    • @Nayr747
      @Nayr747 7 ปีที่แล้ว +47

      HaniiPuppy This also applies to restaurants. Tipping is yet another way for companies to shift their financial burdens to others. It should be abolished.

    • @sliedogg
      @sliedogg 7 ปีที่แล้ว +5

      ive always tipped my uber driver 20 bucks...ive only ever gone a few miles but the conversations are much better than with taxi

    • @DarkSaruman
      @DarkSaruman 7 ปีที่แล้ว +20

      Agreed. Tipping should be abolished.

    • @BiggestOfDaddies
      @BiggestOfDaddies 7 ปีที่แล้ว +5

      Rideshare drivers are independent contractors. They don't "work for" Uber and Lyft.

    • @harshbarj
      @harshbarj 7 ปีที่แล้ว +6

      "1) You have the option to anyway - there's nothing stopping you." As the app does not allow you to tip, you just can't tip, it's not an option at all. If you are thinking cash, it's not the 90's anymore. People don't carry cash.

  • @adventurewithAngel
    @adventurewithAngel 7 ปีที่แล้ว +775

    Uber is a side hustle not a career in my opinion

    • @vangrails
      @vangrails 7 ปีที่แล้ว +33

      Okay, but you still have the depreciation of your car because of increased wear and tear.

    • @sozuruQ2
      @sozuruQ2 7 ปีที่แล้ว +3

      vangrails that's why my mom is paying for my gas and car lol

    • @oliverwilson11
      @oliverwilson11 7 ปีที่แล้ว +11

      There isn't a "side hustle" exception to the minimum wage.
      (I know Uber isn't legally subject to minimum wage law but if Uber was paying their drivers fairly they would be earning at least that amount)

    • @jlkoelker
      @jlkoelker 7 ปีที่แล้ว +40

      It's a bad side hustle. Might as well sell cookies and lemonade. delivering pizza is WAY better than uber if you're in a pinch, and you can drive a shit car.

    • @rumpustime5460
      @rumpustime5460 7 ปีที่แล้ว +10

      vangrails Keep in mind she was slightly off on that. If you drive for money, depreciation should be considered as taking energy from your vehicle and converting it to cash in your pocket. Dont consider depreciation of the vehicle as if it's being taken out of your pay. It's value thats being converted.

  • @dankohl3289
    @dankohl3289 8 ปีที่แล้ว +439

    Scam if you are a driver. If you are a rider it's pretty good

    • @AleTitan
      @AleTitan 8 ปีที่แล้ว +1

      Yeah. You don't get beaten in the back of the head by drunks

    • @Gabriellaella23
      @Gabriellaella23 8 ปีที่แล้ว +1

      Not a scam. We spoke to a driver who said he drove for yellow cab for 16 years and he makes a ton more money than he did on Uber. He said he had to pay fees to the company every week even if he didn't make that much. With Uber he doesn't have to pay unless he gets rides.

    • @kevinal
      @kevinal 8 ปีที่แล้ว +9

      LOL I was thinking the same thing. IT'S A SCAM, IT'S A SCAM, IT'S SCAM! Oh but it's totally okay that I support this scam by being a frequent Uber/Lyft rider. Well she is from the Young Turks, so that explains this BS video.

    • @DickCheneyXX
      @DickCheneyXX 8 ปีที่แล้ว +1

      To save money?

    • @Gabriellaella23
      @Gabriellaella23 8 ปีที่แล้ว +13

      *****
      I guess its kinda like shopping at walmart...

  • @什么-h9y
    @什么-h9y 4 ปีที่แล้ว +106

    Working for Uber is like an undercover homeless

  • @pillycay7611
    @pillycay7611 6 ปีที่แล้ว +103

    Uber is the coolest scam, exploiting the unemployed

  • @snowdough888
    @snowdough888 7 ปีที่แล้ว +155

    I drove for Uber, it is complete crap!!! Uber is the Walmart of moving folks...great for customers, crap for drivers

    • @hugq14
      @hugq14 7 ปีที่แล้ว +6

      michael schneider I totally agree with you!!

    • @lylewalker5681
      @lylewalker5681 7 ปีที่แล้ว +32

      >great for customers, crap for drivers
      So, in other words, the all-american business!

    • @gmjord
      @gmjord 7 ปีที่แล้ว +1

      michael schneider amen!

    • @jorceshaman
      @jorceshaman 7 ปีที่แล้ว +2

      If it was the Walmart of moving folks and comparing to moving freight... You're actually saying they're top of the line! Walmart drivers make between 85 and 130 thousand per year. It's a very very coveted job in the professional trucking industry.

    • @snowdough888
      @snowdough888 7 ปีที่แล้ว +1

      Joshua Daniels Yes. For some bizarre reason they do. Makes me laugh. But. Do you how many truck drivers they employ? The percentage of drivers to other lost souls employed by Walmart?
      7,200 drivers to 1.4 millon American employees. Im always amazed how average Americans love to support the ultra rich instead of helping the low self esteemed lost souls of our country. All i can come up with is a lot of folks feel better looking down on others

  • @Cichlidman
    @Cichlidman 8 ปีที่แล้ว +285

    I drove for 2 years and finally realized i was paying to drive. If you drive for Uber nowadays most not all are paying to drive

    • @Cichlidman
      @Cichlidman 8 ปีที่แล้ว

      +D D please read my post again

    • @Cichlidman
      @Cichlidman 8 ปีที่แล้ว

      +D D please study my response before asking such questions

    • @Cichlidman
      @Cichlidman 8 ปีที่แล้ว +12

      +D D I didn't pay Uber directly after my expenses and after 2 years I maid a net loss over the 2 years. Just like she says it seems like your making money but when you put it all together most not all aren't making much and some are paying to drive

    • @Cichlidman
      @Cichlidman 8 ปีที่แล้ว +3

      +Neko Farmer I had another job that supplemented my Uber job

    • @Cichlidman
      @Cichlidman 8 ปีที่แล้ว +33

      Dave Young Actually I make really good money working in government I dude I was stopped driving a year ago and was just trying to add to the conversation why do you have to be so full of hate. I'm a man a father a veteran and I try to live a life according to the good lord I'm sure I've accomplished more in my life the most

  • @PhD-JWT
    @PhD-JWT 5 ปีที่แล้ว +228

    And 90 percent of the riders don’t tip!

    • @masonguritz6758
      @masonguritz6758 5 ปีที่แล้ว +3

      James W. Thompson, Jr. I always tip. I figure that’s what they live on

    • @GlobalAdventurer
      @GlobalAdventurer 5 ปีที่แล้ว +6

      I always tip. Sometimes I tip in person and also an additional tip through the app when I don't have enough cash on hand.

    • @joshwalters3148
      @joshwalters3148 5 ปีที่แล้ว +8

      94% of mine do...

    • @joshwalters3148
      @joshwalters3148 5 ปีที่แล้ว +7

      @Moe Snert always tip cash at restaurants....heard too many tales of managers taking that shit...

    • @gman5069
      @gman5069 5 ปีที่แล้ว +8

      Why would u tip... the uber driver keeps 90% of the fare....at least thats what the general assumption is... Its not a taxi. Where they get no money from the trip unless u tip them. Only reason u tip is 1 the worker soley depends on them. Waiter, baretender, taxi....or they went above and beyond doin something special.....uber driver in his own car expects a tip? Lmfao good luck...ive tiped only a few times for special reasons otherwise theres no reason to.. they are making money on ur ride. Sometimes really good money depending on supply and demand.

  • @permafrost0979
    @permafrost0979 8 ปีที่แล้ว +38

    Uber sounds like it's good to supplement your income, it's not meant to be a career. if they raise the rates in order to pay drivers more, why would anyone use Uber rather than a taxi?

    • @GurlNxtDoor4
      @GurlNxtDoor4 8 ปีที่แล้ว +6

      This is exactly right, Uber as a full time job isn't going to get you PAID when you add in the things she says, gas, car depreciation, taxes BUT if you are that Guy who needed $400 dollars for rent that one or a few times. Uber is a lifesaver and is a great ADDITION. She did not add in Bonuses or Surge Pricing so her numbers are a bit off.

    • @Mrfdsa1
      @Mrfdsa1 8 ปีที่แล้ว +11

      Totally this, but sadly there are dumbasses/desperate people who think that Uber could be a career and they start driving full time which is a terrible financial idea.

    • @SadalDay
      @SadalDay 7 ปีที่แล้ว +1

      Call me old fashioned but here in Boston i still use conventional taxis

    • @burns1210
      @burns1210 7 ปีที่แล้ว +7

      Definitely old fashioned. This day and age, people want fast and convenient. Pull out your phone, touch a few buttons, a car arrives within minutes and drops you off. No money changing hands. It's what people want these days.

    • @Fatblue246
      @Fatblue246 7 ปีที่แล้ว

      did you just use atrocity to describe uber prices? Are you fucking kidding me?

  • @carlshahverd6674
    @carlshahverd6674 8 ปีที่แล้ว +315

    That's why as an independent contractor (Uber Driver) you can write off Gas, Depreciation, the Bottles of water, gum, lunch, etc.

    • @ScIQ
      @ScIQ  8 ปีที่แล้ว +42

      That's why I didn't include income tax at all. So, "write them off" what exactly?

    • @sarahann530
      @sarahann530 8 ปีที่แล้ว +40

      Carl Shahverd You do realize you have to make a profit to take a writeoff

    • @jayphelix4221
      @jayphelix4221 8 ปีที่แล้ว +5

      as a business expense, as well as your gas, and other expenses.

    • @xlightandshadex
      @xlightandshadex 8 ปีที่แล้ว +3

      We still make profit after taking the standard mileage deduction. It might not be a lot, and I still qualify for freaking food stamps and Medicaid, but there is a profit. And be careful trying to take a write off for lunches.

    • @carlshahverd6674
      @carlshahverd6674 8 ปีที่แล้ว +1

      @SciQ As a tax write off.

  • @stevealex2098
    @stevealex2098 5 ปีที่แล้ว +460

    It's all fun and games until your 3,500 transmission goes out

    • @sallauddin1
      @sallauddin1 5 ปีที่แล้ว +14

      God damn true

    • @bruceohandley2024
      @bruceohandley2024 5 ปีที่แล้ว +5

      Yeah, mine did but it was only after a few months of doing it part time, so I can't blame Uber for it, Uber simply pushed the expiry date forward. Luckily it was under extended warranty. I have to earn a little more to pay off my Vet debts and then I will only work events with surge pricing.

    • @kingsleyzissou1120
      @kingsleyzissou1120 5 ปีที่แล้ว +33

      @@bruceohandley2024 Point being most drivers do not factor any overhead like vehicle wear and tear, tires, wiper blades, car washes, repairing damage when a rider dents your car with their suitcase, etc etc etc. It's a sucker deal for the driver.

    • @franzchong5889
      @franzchong5889 5 ปีที่แล้ว +3

      @@kingsleyzissou1120 it's not much different than delivering pizzas.all is well and good if you have a well off relative to help you get a really decent new or near new car but for the most part i have seen the cars used for the jobs almost as old as their owners.there were some exceptions.

    • @kingsleyzissou1120
      @kingsleyzissou1120 5 ปีที่แล้ว +22

      @@franzchong5889 It's a lot different. You can deliver pizza in a shitty car, your car is never seen by the customer.

  • @roadyrider
    @roadyrider 5 ปีที่แล้ว +34

    I drove 2 days for Lyft and called it quits. I've used Lyft since then and always give a great tip in cash because I already know they're not making much.

    • @buuzy252
      @buuzy252 2 ปีที่แล้ว +1

      It’s not they are not making much but they spend all the money they make very rapidly in the same week. And all they do is to get that that money they spent back, at the end of the week and then their bank accounts don’t go up but instead they stay at the same level during months and months. Uber and Lyft are good if you got fired from your job and then instead of waiting to be called for an interview and loose all of your money. You can drive and make some cash during that period till you get a new job that pays well.

    • @marzlandingmedia
      @marzlandingmedia ปีที่แล้ว

      Being a successful driver takes strategy. Youre not going to learn it in 2 days on your own.

  • @t1910j
    @t1910j 7 ปีที่แล้ว +317

    I am an über driver and let me say everything this lady said is absolutely true. Sad but true. Truth be told.

    • @kevinliang9502
      @kevinliang9502 7 ปีที่แล้ว +1

      Do you still drive for uber?

    • @miplev
      @miplev 7 ปีที่แล้ว +3

      So why do you still do it...??? You just support the scam, which is why they can still be in business.

    • @darkwingduck47
      @darkwingduck47 7 ปีที่แล้ว +1

      nope, the only reason they are in business (and why they appeared in the first place) is the billions of investor money

    • @t1910j
      @t1910j 7 ปีที่แล้ว +1

      Kevin Liang ... I still do sometimes but I cut back a lot.

    • @uneducatedshet7589
      @uneducatedshet7589 7 ปีที่แล้ว +1

      She's not really right. If you're smart and not afraid, in some cities you can make some fast money. But she's definitely cute. Looks like a good passenger. But eventually cab apps will disconnect you because the crazy, hideous passangers will get to you. At least half your money will go to taxes, car, insurance, maintenance, tickets... if you drive safe!

  • @CORRIGEEN71
    @CORRIGEEN71 7 ปีที่แล้ว +76

    nobody pays tax on a cash income, any car will do, 2k will do for a car, do your own servicing, depreciation minimal , this analysis is purely academic no real world experience, a rant

    • @AndyTrampke
      @AndyTrampke 7 ปีที่แล้ว +13

      CORRIGEEN71 You're still expected to file a 10-44... if you don't it's tax evasion

    • @bobbrawley9439
      @bobbrawley9439 7 ปีที่แล้ว +3

      CORRIGEEN71 There has to be a paper trail somewhere . Certainly Uber produces a paper trail shown. in the video of bills that show the driver what he owes or what he earned

    • @csuao
      @csuao 7 ปีที่แล้ว +12

      CORRIGEEN71 Uber has specific qualifications for cars. So it's not just any car will do.

    • @omarsabih
      @omarsabih 7 ปีที่แล้ว +6

      Real world experience haha. Moron.

    • @AlessandroPhotoss
      @AlessandroPhotoss 7 ปีที่แล้ว +13

      it's not cash income it's direct deposit, they do send you a tax form of your earnings. NO not any car will do, in my area 2007 or newer and in good condition no dents or paint peeling. Not many have the means for their own servicing. Depreciating is rarely minimal unless we go out of our way to by the cheapest car we can just for uber driving but hardly no one is going to jump through that hoop. You cannot say this is purely academic, her explained scenario is real world for a majority of drivers.

  • @Hood_mexikan
    @Hood_mexikan 7 ปีที่แล้ว +802

    Sad thing is that the add for this video was an uber ad lol

    • @matiasbarrios7983
      @matiasbarrios7983 7 ปีที่แล้ว +1

      Hoodmexican4life same here!! wtf!!

    • @LorddKenny
      @LorddKenny 7 ปีที่แล้ว +1

      Hoodmexican4life lol

    • @Hood_mexikan
      @Hood_mexikan 7 ปีที่แล้ว

      Matias Barrios I'm saying lol

    • @elizabethemami5673
      @elizabethemami5673 7 ปีที่แล้ว +2

      Well yeah it says Uber in the title lol. Ads are lined up to video content

    • @218Flows
      @218Flows 7 ปีที่แล้ว +6

      missed it cause i have adblock

  • @nasmanzoor
    @nasmanzoor 5 ปีที่แล้ว +112

    Yup drove for two days years ago and realised the scam and never looked back again :)

  • @AlexS-oj8qf
    @AlexS-oj8qf 7 ปีที่แล้ว +2533

    The IRONY when I get Uber advertisement watching this video 😂

    • @shreyanshvalentino
      @shreyanshvalentino 7 ปีที่แล้ว +6

      Christian Djami same here in India

    • @lrmcatspaw1
      @lrmcatspaw1 7 ปีที่แล้ว +33

      That is not Irony... thats a coincidence.

    • @dlwatib
      @dlwatib 7 ปีที่แล้ว +45

      It's definitely not a coincidence. It's a deliberate choice made by Google Ads. The title mentions Uber so Google assumes you are interested in using Uber if you click on it.

    • @chillmegachill
      @chillmegachill 7 ปีที่แล้ว +5

      There's a pool of ads associated with the video, thus it is still coincidence.

    • @EricRickards
      @EricRickards 7 ปีที่แล้ว +6

      Guiyz stap fighting! Can't it be an 'ironic coincidence'?. Irony does not have to be deliberately intentional, only seemingly intentional; which is what Chistian Djami has interpreted. Although, irony is usually is used in a literary sense, not a visual one.

  • @ssh83
    @ssh83 8 ปีที่แล้ว +48

    Your math is sound for normal rate but SURGE rate is where driver make the most money (and customers get shafted with outrageous price). You need to look at that if you care about completeness and accuracy.

    • @lazymastermind5995
      @lazymastermind5995 8 ปีที่แล้ว +3

      Her math is atrocious because there's something called The law of diminishing returns that she failed to implement into her formula

    • @j.t.brunner7452
      @j.t.brunner7452 8 ปีที่แล้ว +2

      +Jack Pavlov Yes, diminishing returns, I was just thinking about that today myself +1

    • @ScIQ
      @ScIQ  8 ปีที่แล้ว +9

      +Jack Pavlov No matter what law you use, you're still not gong to be making the $19 that Uber promises you as a full time driver. Full time drivers don't have the luxury of waiting for surge pricing

    • @j.t.brunner7452
      @j.t.brunner7452 8 ปีที่แล้ว +5

      ScIQ Agreed, no only that but there are only so many hours in a day that actually do surge. Uber sends you a nice little graph each week showing you the hours you worked versus the busiest times in your area. On top of that surge is a myth and bad joke perpetuated on the drivers. Countless times I have either driven to an area with surge or already been there when it happens only to either get nothing or get a ride outside the surge area, usually 15-20 minutes away. I used to think it was because other drivers in the area were getting the rides until I looked at the rider app and saw that there were few other cars in the area. If the cheap pax choose to click Notify Me When Surge Ends that doesn't end the surge. It appears as though the surge only ends when enough gullible drivers rush to the area hoping to score but end up with nothing. Surge ends, cheap ass pax get rides, drivers that rushed in from 20 mins away get to drive their cheap assess 2 miles and make $4 after wasting $1.50 in gas and 30 minutes of time. So now half the hour is gone, you made $2.50 gonna need one hell of a surge to make $16.50 in the next 30 minutes which will never happen. If you are lucky another ride will come in as you drop the first off, but that is rare. More than likely you will drive around or sit for 10-15 minutes before the next one comes in. Again probably a 2-3 mile dirt cheap fare, by the end of the hour you may hit $6-8. The $19/hr number is best case scenario in a good market, in reality it is closer to worst case most of the time.

    • @nunyabiznez4408
      @nunyabiznez4408 8 ปีที่แล้ว +1

      WRONG. you're fooling yourself kid, no one else, just yourself.

  • @goncaloaguiar
    @goncaloaguiar 7 ปีที่แล้ว +20

    Using that logic every business is a scam.

    • @RAHULTMNT100
      @RAHULTMNT100 7 ปีที่แล้ว +1

      not every business pays its employees such low wages for the work they do.

  • @qrthrse1
    @qrthrse1 5 ปีที่แล้ว +105

    I was shocked to find that Uber has never made money. Everyone is getting scammed, the drivers, Uber corporate employees, stock holders. Only the riders are getting a great deal.

    • @rodstarcke5423
      @rodstarcke5423 4 ปีที่แล้ว +3

      Not any more!

    • @andrewmosley2588
      @andrewmosley2588 4 ปีที่แล้ว +22

      Just because the company has never seen a profit doesn't mean corporate employees and big wigs aren't getting paid. They are lol. Trust me.

    • @PrimalEater
      @PrimalEater 4 ปีที่แล้ว +4

      So you believe scammers when they tell you they don’t make a profit?
      They say this publicly to hide guilt.

    • @rs72098
      @rs72098 3 ปีที่แล้ว +8

      It's absolutely false, the executives make obscene amounts of money. The CEO made over 1 million in 2020, and so did many of their executives. They say they aren't profitable to hide profits that they don't want to share with shareholders. Snapchat made similar public statements the past 10 years, while their executives were raking in money, Evan Spiegel was THE highest paid CEO for several years, look it up. Yet somehow Snapchat wasn't profitable? Yeah right. There are serious corruption issues going in the stock market and public companies alike, our government has allowed criminal activity against shareholders and workers alike. The average person really has no idea how much they're being fleeced day to day. Consider Apple CEO Tim Cook who says it's too expensive to build an iphone in the U.S., they literally made 100 Billion with a B, in 3 months in PROFIT, that's after paying all their workers, materials, equipment so forth. Guess what, the stock price barely even moved, because they raised spending, aka funneled more profits to executives.

    • @zapperx4
      @zapperx4 3 ปีที่แล้ว +3

      Founders made over $1 Billion each

  • @alanstroup9099
    @alanstroup9099 7 ปีที่แล้ว +42

    I've given 900 Uber rides and I've been self employed for 35 years. I understand finances and Uber is a financial scam. They take advantage of people who can't find a better job. I'm disabled and Uber is one of the few things that I can do productively so for while more, I'll drive. Uber and Lyft are taking advantage of the economy that has few jobs and people need money. I'm totally disgusted with Uber support. Uber rates are about half the cab company's. As soon as I can I'll quit. Unfortunately I like driving for Uber and Lyft but both of them rip off the drivers.

    • @Republinator
      @Republinator 7 ปีที่แล้ว +1

      Alan Stroup uber charges you nothing for the app, nothing to start, *you don't have to spend a dime on advertising to get the customers they send you any time you want*, they insure you and your customers while you're driving them, and for that you get 75% of the fare. While the $25 per hour I averaged over the weekend isn't making anyone rich, please explain how this is a scam.

    • @alanstroup9099
      @alanstroup9099 7 ปีที่แล้ว +1

      I get less than 75% of the fare

    • @Republinator
      @Republinator 7 ปีที่แล้ว +1

      You shouldn't anymore. For the last 3 weeks, they haven't deducted the pickup fee from the total fare before factoring the 75%. I'm getting 75% of the gross fare now.

  • @zelda12346
    @zelda12346 7 ปีที่แล้ว +140

    Look lady, if you want to live by the stats, then you die by the stats.
    You don't do this bullshit of bringing in whatever stats to do your calculations. What are the methodologies for each of these point estimates? What are the confidence levels (I'm assuming it's 95%) and confidence intervals for these estimates? Why pick California? Did you do this calculation 50 times for each state and found that California was the best case scenario? How much error is in your calculation?
    If this is the level of effort you wanted for this video, then you simply should have just looked at the claim and debunked the how they calculated it. If you don't address that, then it makes you look like you've been disingenuous with the audience by potentially leaving out a large factor that would undermine your argument.
    Considering the state of TYT atm post election, you should be as charitable as you can to your opposition with a paper trail.

    • @sarahann530
      @sarahann530 7 ปีที่แล้ว +17

      She used the figures provided by Uber for the LA market , a super intelligent person like you should be able to plug in the relevant figures for your market . I would think that somebody like you would realize that a simple calculation of revenue minus cost per mile is all that's needed , if you disagree then you need to provide your methodologies to back up your little rant

    • @zelda12346
      @zelda12346 7 ปีที่แล้ว +13

      Ok, let's go over the methodology.
      Revenue
      You have revenue which is provided by Uber (no problem though it may or may not be representative or most conservative)
      Cost:
      1. Cut which is provided by Uber (no problem; no reason to lie about this)
      2. Tax. Ok, once you get into the realm of taxes, you need to show how this differs from every other tax one is responsible for. Do I pay sales tax but have no income tax? Do I get a deductible on this that I wouldn't get because of XYZ? You cannot simply state what sales tax is and say that this sufficient. Taxes are purposefully complicated. Simply including a flat sales tax is incredibly reductionist and must be assumed to be insufficient until shown otherwise
      3. Depreciation cost. Figure gotten from IRS. This is an estimate. What is the interval on this estimate? What are the assumptions built into this estimate? How can it be used? Why are we talking about a car in terms of future value (depreciation) as opposed to in terms of capital (expected productivity)?
      4. Addendum. These are optional. If you can't afford them, then you don't provide them or you provide less of them.
      But let's get into the meat of the matter. *I* am supposed to do *her* work for her? What you're saying is that in order for me to get anything useful out of this video, I have to do my own research. That's fine, but *that was my entire point*. This video is useless. It provides nothing that I don't already have to look for when making an informed decision. Even in the LA market, it's not sufficient to make any conclusion.

    • @sarahann530
      @sarahann530 7 ปีที่แล้ว +9

      Z-Statistic She used the Revenue as per Uber , She used Sales Tax because it is payable by the Driver in LA . The standard deduction provided by the IRS is 54 cents this is not an estimate it is fact . Depreciation is included in the 54 cents as is fuel, maintenance etc . If you want to make life complicated for yourself go ahead but the calculation is quite simple Revenue per mile minus cost per mile . You are desperately trying to sound intelligent but proving the opposite

    • @zelda12346
      @zelda12346 7 ปีที่แล้ว +12

      You...don't have a clue what I'm talking about, do you? Look, if you don't know what I'm talking about with tax deductibles, confidence intervals, or what an estimate is, please don't go to bat for people.
      "You are desperately trying to sound intelligent but proving the opposite."

    • @sarahann530
      @sarahann530 7 ปีที่แล้ว +9

      Z-Statistic You can post all the bullshit you like but all that counts is the Net profit because the Drivers are 1099's . Prove the video incorrect dont just try to impress us with your babble , it is worthless. Confidence Intervals and estimates dont pay bills , idiot.
      The necessary figures to calculate profit and loss are in the video , you are the fucking moron that fails to see them and you think applying random variables will make you sound intelligent

  • @debunkified
    @debunkified 7 ปีที่แล้ว +392

    I drove for these guys, they completely bite. They use a completely unfair star rating system in which if a passenger is having a bad day, they will simply hit the one star and destroy your whole entire career. Real fair right?

    • @mikxy_
      @mikxy_ 7 ปีที่แล้ว +115

      EZwA what the fuck are you typing lol

    • @eder2153
      @eder2153 7 ปีที่แล้ว +8

      Haz Gaming - Funny moments! Uber language i guess.

    • @mindfreaksunny3848
      @mindfreaksunny3848 7 ปีที่แล้ว +9

      Haz Gaming - Funny moments! His typing seems like a 7 years kid keyboarding

    • @mikxy_
      @mikxy_ 7 ปีที่แล้ว +1

      mindfreakSunny yea lol

    • @debunkified
      @debunkified 7 ปีที่แล้ว +5

      laotzu4272 At the time I did. When that's all I really knew how to do and that was all I was good at, at the time. When there wasn't any plans of getting screwed for doing a good job. Since then my expectations have gone way up and I no longer depend on anybody for a career.

  • @mohammedisleem3338
    @mohammedisleem3338 4 ปีที่แล้ว +9

    When I did the math, I found out that I am making 8$ an hour working 60 hours a week!!! You end up making money but wasting your time.
    The only way Uber is good, only if you don't have a job but you are looking for a job and just trying to make some money to survive, or if you are already driving for a destination that you are already driving to. That will pay for your gas!

    • @FASFatherandSon
      @FASFatherandSon 3 ปีที่แล้ว

      Absolutely agree with you. I drive uber to get to my main job and back. Once they cut the destination trips in NYC it made no sense.

    • @mofeidmoshreky3930
      @mofeidmoshreky3930 2 ปีที่แล้ว

      th-cam.com/video/T4HnV0J5uPM/w-d-xo.html

  • @rhoadnaroahs
    @rhoadnaroahs 8 ปีที่แล้ว +34

    So, if they're such a rip-off, why are taxi companies pissed off about losing business and some cities are even banning drivers from working there?

    • @terencelutre6195
      @terencelutre6195 8 ปีที่แล้ว +3

      Because they are deceitfully recruited

    • @Ecosiuman
      @Ecosiuman 8 ปีที่แล้ว +17

      We said it for a thousand time: SCAM FOR DRIVERS, GOOD FOR RIDERS.

    • @sarahann530
      @sarahann530 8 ปีที่แล้ว +10

      rhoadnaroahs Taxi companies are pissed off because they abide by the regulations which require commercial insurance , meters, medallions and background checks which UBER does not .

    • @rhoadnaroahs
      @rhoadnaroahs 8 ปีที่แล้ว +4

      aidan conneely
      Well, when all the Uber drivers realize it's a rip-off and quit, the taxi drivers will have their monopoly back. :)

    • @sarahann530
      @sarahann530 8 ปีที่แล้ว +5

      rhoadnaroahs When will that be ? Uber is paying out incentives to lure in new suckers so in the meantime are Taxis supposed to keep paying their overhead until UBER collapses .? Why should Taxis pay the Cities to operate when those same Cities allow UBER to operate outside the regualtions . A level playing field has to be created. Keep in mind UBER still makes no profit so the drivers could quit or the investors could bale

  • @Zahlenteufel1
    @Zahlenteufel1 6 ปีที่แล้ว +686

    *DO NOT* rely on tips. You did this with restaurants and such and it is a slave system in many cases. Do not repeat this mistake.

    • @BuddyGLee
      @BuddyGLee 6 ปีที่แล้ว +11

      Zahlenteufel1 ? Servers make amazing money on tips

    • @mmafyasco
      @mmafyasco 6 ปีที่แล้ว +17

      Zahlenteufel1 when you say "you did this with restaurants and such" who are you talking to? who is "you" ? The employees? The employers? The whole labor system?

    • @babyplaneswalker341
      @babyplaneswalker341 6 ปีที่แล้ว +15

      Servers do not make amazing money on tips at all unless they are on the right shift at the right job in the right town. I know servers at a waffle house where 1st shift makes alot of money but 2nd and 3rd shift servers make maybe 100 a week in tips. Sometimes not even that

    • @ryuranzou
      @ryuranzou 6 ปีที่แล้ว +10

      Yeah screw tips. The less businesses with tips the better. I know waiters get paid well with tips but I'd rather that cost just goes on to the bill.

    • @websurfer4672
      @websurfer4672 6 ปีที่แล้ว +11

      True. I am against the system of tips. They should have proper salary so that they do not have to rely so much on tips

  • @LansingLawnServiceLLC
    @LansingLawnServiceLLC 7 ปีที่แล้ว +77

    I just got my taxes ready for 2016. I drove for Uber for 3 months in winter 2016. Uber said they paid me $4181.56. $1170.05 in January, $1796.76 in February, and $1035.74 in March. I was able to take home $2364.63 however this does not deduct insurance or w & t. Anyone who drives for Uber knows the w & t costs are through the roof. Also, insurance costs are through the roof to have rideshare insurance that is why most drivers don't carry it. And don't forget that if you have a used car Uber has a year limit on how old your vehicle can be. Driving for Uber full time for 3 months I brought home $2364.63. Divide that by 3 and you get $788.21 per month. Divide that by 4 and you get $197.05 per week. And this is not figuring in w & t and insurance. This video is spot on accurate.

    • @isaelomy
      @isaelomy 6 ปีที่แล้ว +2

      Did you know that you can deduct the car depreciation from your taxes? where i live(Puerto Rico), i can deduct a Max of $6,000 on my taxes calculations(on the US is $11,000). This is because i can deduct 10,000 miles from using my own car at work, at a rate of $0.60 per mile. You can also deduct the gas expenses, repair expenses, Etc.

    • @katie7748
      @katie7748 6 ปีที่แล้ว

      Depends where you live. Some people don't get anything but the set mileage.

    • @jeweleratlarge
      @jeweleratlarge 6 ปีที่แล้ว

      What is W & T ?

  • @bernardmcclay5798
    @bernardmcclay5798 5 ปีที่แล้ว +35

    Are you kidding, I love having to drive my Mercedes Benz 5 miles, pull up and wait and wait and wait for the rider to come out of house, drive them 1 mile to In & Out Burger and get paid $2.80, which is less than they paid the ATM machine to get the cash to pay for the #1 combo with onions

    • @AnnusMirabilus
      @AnnusMirabilus 5 ปีที่แล้ว +4

      "pull up and wait and wait"
      I've done the job more than 2 1/2 years and have almost 7,000 drives under my belt.
      More often that not, if I see that the ride is going to be short (with Lyf+ you can see that info) or if they're taking 3 minutes to arrive I just cancel it. I'm done with that sh**.
      They warn me, "your cancellation rate is increasing." Cool. "Fire" me. Like I give a f** anymore with your decreasing wages in the best economy in American history. SMD

  • @TheRequiemOfficialReal
    @TheRequiemOfficialReal 6 ปีที่แล้ว +295

    Don't forget that Uber is not responsible for on the clock accidents. A friend now an ex uber driver and his fare got t-boned. Uber didn't do a damn thing of paying the insurance lease, so he and his rider have been in and out of court with the uber company. They're saying that they're not responsible but the judge ordered Uber to pay a total sum of $700+k in car damages and hospital bills. Homie got a new car from his insurance company.

    • @katie7748
      @katie7748 6 ปีที่แล้ว +2

      That's why you're required to have your car covered. It'd be more money out of their pocket otherwise.

    • @TheRequiemOfficialReal
      @TheRequiemOfficialReal 6 ปีที่แล้ว +18

      EvlDmon No they don't, they paid my friend $130k between hospital bills and new car. Uber had to buy him a brand new car by order of the court and his insurance policy

    • @shafanmohamed7783
      @shafanmohamed7783 6 ปีที่แล้ว

      Great

    • @shafanmohamed7783
      @shafanmohamed7783 6 ปีที่แล้ว

      Requiem Entertainment great

    • @jahjoeka
      @jahjoeka 6 ปีที่แล้ว

      J Smith wow! Ur not a legal expert? I hardly can't tell!

  • @kimk2635
    @kimk2635 5 ปีที่แล้ว +36

    Anyone being self employed understands this.

  • @wcjcnc
    @wcjcnc 7 ปีที่แล้ว +84

    I know a few people that drove for Uber for a while but stopped because there's just not enough money in it. Don't take my word for it, try it for yourself.

  • @itypethetruthnobshere8975
    @itypethetruthnobshere8975 5 ปีที่แล้ว +68

    I remember this video had hella thumbs down in 2016 when this was first put out.... Fast forward mid 2019 May as I post this. THIS VIDEO IS THE TRUTH!!!

  • @austinjohnson159
    @austinjohnson159 7 ปีที่แล้ว +508

    So according to that math, a $20,000 car is worth $0 at 80,000 miles. Lol

    • @jyashin
      @jyashin 7 ปีที่แล้ว +40

      It pretty much is. By the time you've driven for 80k miles you've also spent a lot of money changing tires, servicing, repairs, fuel, etc. You've easily spent over $40k on that car, and if you try to sell the car good luck getting even $1000. It is essentially worth nothing.

    • @OneNewHope
      @OneNewHope 7 ปีที่แล้ว +78

      Jyashin: Ummmm, let me know when you get your first car, because clearly you've never bought/sold/owned one. When it hits 80k miles I'll give you the very generous payment of $100 for it. By your logic, that would be a good deal for you.
      People pay $1000 for cars with 200k+ miles that still run okay--not good, but okay. You might trade in a car that has 80k miles, and the dealer will happily turn around and sell it for $10,000 or more.

    • @austinjohnson159
      @austinjohnson159 7 ปีที่แล้ว +43

      OneNewHope Just sold my first car. 1994 Jeep Wrangler with 267,000 miles on it. Sold it for $4,500

    • @FlamingToaster
      @FlamingToaster 7 ปีที่แล้ว +41

      You're such a scam, Austin! You should've give it away for free! /sarcasm

    • @milotin
      @milotin 7 ปีที่แล้ว +21

      The kind of calculations used in this video on depreciation seems more like corporate depreciation. I can imagine a corporate entity might write off the value of a vehicle after a certain amount of miles, but that means nothing in terms of real world usability and resale value.

  • @ikeski123
    @ikeski123 5 ปีที่แล้ว +246

    If I continued to drive for Uber .. I would be homeless 🏡.

    • @kamaaladiin
      @kamaaladiin 5 ปีที่แล้ว

      This is good for future competitors

    • @nadominhoca
      @nadominhoca 4 ปีที่แล้ว +6

      @Yavuz Adam No. Uber doesn't hire you, you hire Uber as a platform to make money. As simple as that.

    • @Pinkielover
      @Pinkielover 4 ปีที่แล้ว +2

      i am homeless lol

    • @Toonplay373
      @Toonplay373 4 ปีที่แล้ว

      🤣🤣🤣

    • @kjchard
      @kjchard 4 ปีที่แล้ว +3

      I’m making 40k in a low cost of living part of country. Y’all must be stupid

  • @antonpopov2480
    @antonpopov2480 7 ปีที่แล้ว +22

    You forget that in America we can write off our vehicle as a tax write off. Most people can pay below 5% if not 0% tax while driving with uber because you can expense all the maintenance, gas, and even buying a new car

    • @GeeTrieste
      @GeeTrieste 7 ปีที่แล้ว +6

      This is one of the best counterpoints I have seen in this message/comment thread.
      That HAS to be factored in. If all your expenses are tax deductible, then that is a huge offset to the taxes charged for the income.

    • @caligulajodorowsky
      @caligulajodorowsky 7 ปีที่แล้ว

      Yep, the cost of the car is deductible as tax. Still considering that you just end up making around 13 cents/hour (because the car expenses greatly overwhelm tax).

  • @eara8426
    @eara8426 3 ปีที่แล้ว +3

    Driving for Uber is like borrowing a loan every day!

  • @jackjones7665
    @jackjones7665 7 ปีที่แล้ว +289

    I also drove for Uber for about 3 months, and she isn't lying.. The pay was just about what she says!

    • @jasonviper8512
      @jasonviper8512 7 ปีที่แล้ว +1

      but how is it a scam lol? it's not like the Uber is not taking the person to the drop off point last time i heard they did...also if Uber is a scam then what is a TAXI not a scam they got the over priced pick up crazy wait times etc.

    • @divyum9734
      @divyum9734 7 ปีที่แล้ว +10

      just because it's cheap and convenient for the customer, doesn't make it any less of a scam.

    • @jackjones7665
      @jackjones7665 7 ปีที่แล้ว +1

      I'm coming from the driver's perspective, not the rider. Uber riders can get over on the drivers until they climax! lol

    • @Wat-Dat
      @Wat-Dat 7 ปีที่แล้ว

      It's not cheap for the customer, though.

    • @jackjones7665
      @jackjones7665 7 ปีที่แล้ว

      Maybe the customers should demand to pay only what the driver is getting paid?

  • @JustLouIt
    @JustLouIt 7 ปีที่แล้ว +765

    Buying a new car every 2-3 years?? That's a bit much

    • @braxtonrasmussen2110
      @braxtonrasmussen2110 7 ปีที่แล้ว +18

      its really not, i know from experence that that's pretty accurate

    • @Dunkle0steus
      @Dunkle0steus 7 ปีที่แล้ว +45

      Not THAT much. If you drive 8 hours a day (likely more), 5 days a week (weekends off!), 50 weeks a year (2 weeks vacation) an 30 miles an hour (as she said in the video), that's 60 000 miles a year and 180 000 in three years. 150k - 200k is about the lifespan of a car.

    • @juliomr100
      @juliomr100 7 ปีที่แล้ว +16

      United States people...
      They know how to spend money!

    • @SamYunkerx
      @SamYunkerx 7 ปีที่แล้ว +19

      According to the Taxicab Factbook (www.nyc.gov/html/tlc/downloads/pdf/2014_taxicab_fact_book.pdf) , the average NYC taxi drives 70,000 miles per year. The average age of a NYC taxi is 3.3 years. Based on the average age, we can assume that a taxi will last about 6 years, so you're looking at a 400-500K miles.

    • @edwardturpin6544
      @edwardturpin6544 7 ปีที่แล้ว +10

      I still see Crown Vic yellow cabs driving around (don't live in NY though). Kind of amazes me. Think they must've replaced about every part on the car by now.

  • @Clifmill
    @Clifmill 8 ปีที่แล้ว +26

    UBER is upfront about the fact that you have to file your own taxes, but you have to pay income tax regardless AND you can write off your mileage and expenses.
    The $.90 rate is just downright false. In ohio the rate is $1.40 per mile and $.16 per minute.
    If you plan your routes and go out during peak hours, then you can make okay money. It's not great money, but you get to make your own schedule, which is great a great way for this stay home dad to supplement my wife's income.

    • @sarahann530
      @sarahann530 8 ปีที่แล้ว

      Clif Millimen The .90 cpm rate is in LA which she clearly stated in the Video so it is your statement that is false

    • @Clifmill
      @Clifmill 8 ปีที่แล้ว

      Sorry, you're right about the fares. I can't remember where I got my numbers, but I just looked at my waybills and I was clearly incorrect. Though, you can drive UBER in any city in Ohio. I started in Toledo and work in Columbus now and I often get emails from UBER about events in Cleveland and Cincinnati.
      Regardless, whether or not UBER takes out taxes, you have to pay them. That is unavoidable.

    • @Clifmill
      @Clifmill 8 ปีที่แล้ว

      UBER has some issues for sure, but you can make some extra spending money on your own schedule. I wouldn't do it for a primary income. I do think they should stop 1099's and just employ their drivers, since they do set the prices. I also think they should take after Lyft and offer in-app tipping, because its just stupid not to.

    • @sarahann530
      @sarahann530 8 ปีที่แล้ว +1

      Clif Millimen If you dont know your Revenue per mile then I would wager that you dont know your actual cost per mile either . That is a huge problem for YOU . I think you should work on that rather than try to argue with this video

    • @tmobilesucks3090
      @tmobilesucks3090 8 ปีที่แล้ว +1

      A Conneely Driver I know that and you do too, try and explaining that, it's useless

  • @seanwjones07
    @seanwjones07 5 ปีที่แล้ว +67

    Uber only works if you’re savy on what time to drive and doing it part time.

    • @Ace-sb4il
      @Ace-sb4il 5 ปีที่แล้ว +9

      @Jose Diaz yea its should only be used as a small supplement to youre income.

    • @nadominhoca
      @nadominhoca 4 ปีที่แล้ว +4

      @@Ace-sb4il Why?!? Lots of lots of drivers making decent amount of Money, paying bills, mortgage, etc. Lazy people will always be lazy.

    • @fogrecordsusa7169
      @fogrecordsusa7169 4 ปีที่แล้ว

      @@Ace-sb4il $2.hr is not worth it, even as a supplement.

    • @Ace-sb4il
      @Ace-sb4il 4 ปีที่แล้ว +2

      @@fogrecordsusa7169 who told you we make 2 bucks a hour? I just made 50 bucks in like 3 hrs in a small city.

    • @VioUk
      @VioUk 4 ปีที่แล้ว

      Jones206 is true

  • @SmallLab129
    @SmallLab129 7 ปีที่แล้ว +174

    I love that I don't have to tip in Uber. Tipping allows the company to double dip. "Here are our low fees, but you have to pay more because look at this poor driver".
    If you don't like how employees are treated, tipping doesn't solve the problem, it makes it worse.

    • @stevenhs8821
      @stevenhs8821 7 ปีที่แล้ว +2

      Hmm?

    • @error.418
      @error.418 7 ปีที่แล้ว +13

      If you tip your driver, they aren't required to disclose the tip to Uber. They are supposed to disclose it for state and federal taxes, but Uber doesn't take a cut of the tips.

    • @welkinator
      @welkinator 7 ปีที่แล้ว +14

      I suspect that the rationale is that if Uber >expects< their drivers to receive tips they can justify paying less. Think of wait staff in restaurants who often make $2.75 USD because "they make it up in tips".

    • @pcharl01
      @pcharl01 7 ปีที่แล้ว +2

      If the company is not collecting medicare, social security, federal, state &/or local taxes then I don't think it's going to matter if you disclose tips to Uber. Typically if you receive < $20 in tips in 1 month, you don't have to report it. Does not mean you don't report it to the IRS & state depts on your income taxes.

    • @droopypie
      @droopypie 7 ปีที่แล้ว +7

      I always tip Uber drivers. My fare is lower than a regular cab, so what's the harm in being generous, esp. in light of how little they make compared to Uber?

  • @yunior12
    @yunior12 6 ปีที่แล้ว +145

    Uber sucks for the drivers.

    • @blyat4842
      @blyat4842 5 ปีที่แล้ว +4

      The New Crusades no it doesn't lol

  • @dv019
    @dv019 7 ปีที่แล้ว +234

    Sales tax and income tax are two different things!!!

    • @ziaahad6869
      @ziaahad6869 7 ปีที่แล้ว +5

      Dimitri Voytan same shit. They take money from you. Thats all that matters.

    • @kalibud4657
      @kalibud4657 7 ปีที่แล้ว

      Dimitri Voytan I was thinking the same thing. They wouldn't pay sales tax!

    • @TonyUnplugged
      @TonyUnplugged 7 ปีที่แล้ว +4

      Federal, state and city income taxes may apply to a driver's earned income. State and city sales taxes may apply to the Uber fare. Mileage & gas costs can be deducted on Federal income taxes. Setting up an LLC may be the best way to go if you do it for a living. Get an accountant too. :-D

    • @phamfamily4683
      @phamfamily4683 7 ปีที่แล้ว +2

      Ha and setting up an maintaining an LLC is easy and doesn't require extra time commitment? Accountant's are expensive also. Its a lot of extra work, I know I have an LLC.

    • @ST-fk3jz
      @ST-fk3jz 7 ปีที่แล้ว +2

      They should be able to register them selves as a business. Then everything would be a tax right off

  • @sdarcher3964
    @sdarcher3964 5 ปีที่แล้ว +3

    I did uber eats for a short time. Come tax time i got raped. The lady who prepares my taxes said dont ever work for uber or the likes. One of the worst financial mistakes you could make.

    • @bear3663
      @bear3663 5 ปีที่แล้ว

      I'd be curious on how they calculated your mileage deductions. Did they use any, or go off of the miles that uber gives you at the end of the year? Or did you track all of your miles yourself that includes inbetween rides and on the way to passengers? I didn't have any taxes in Uber when I drove for Uber.

  • @BadgerOWesley
    @BadgerOWesley 8 ปีที่แล้ว +30

    the audio in this video was so bad I thought my phone broke.

    • @kyoai
      @kyoai 8 ปีที่แล้ว +3

      +BadgerOWesley Spoiled child.

    • @BadgerOWesley
      @BadgerOWesley 8 ปีที่แล้ว +5

      +Stefan Hohnwald stfu you colossal disappointment.

    • @Mp57navy
      @Mp57navy 8 ปีที่แล้ว

      +BadgerOWesley I wondered if my DAC/Amp died. I guess it's her microphone :)

  • @TomBent9
    @TomBent9 8 ปีที่แล้ว +16

    Taken from a Reddit Poster. TLDR: This is bullshit
    There are many things that are completely wrong with this video. This
    is a video of someone that hasn't done one day of finance or
    accounting. I will just list some things here:
    Uber charges per mile & per time. It is even
    in the stupid fucking rate card that she shows in her video. It is also
    on every receipt you get from Uber. Thus, the effective rate is
    0.9/mile + 0.15/minute (using her LA example). LA traffic is terrible,
    the timing factor is very important. She's assuming that you depreciate a car over 2-3 years. I doubt
    this is true - you're trying to tell me that full time cab drivers
    replace those cars after 2-3 years? No way. And most Uber drivers are
    not full time. Thus, a depreciation schedule of 2-3 years doesn't make
    sense. Thus, depreciation costs are likely much lower.She completely ignores surge pricing, or any kind of strategic min/maxing that drivers can do to increase their return/hourBusiness related expenses are tax deductible. This greatly increases the bottom line, creating a tax shield. She's comparing the revenue of an Uber driver (the 19.XX
    she shows in the bar graph at the beginning) to the profit of an Uber
    driver. Complete rubbish. Uber drivers are contractors, who
    incur their own costs. You can't compare top line to bottom line. Just
    completely stupid. Lastly, Uber's average utilisation rate of its drivers is much higher than traditional cabs.
    Utilisation is about 70% or higher in metropolitan cities. Cabs sit at
    about 30-40%. This means more volume. We also do not know the margin for
    traditional cab drivers, but with their heavy license fees, I don't see
    their margins being much better if better at all - and they have lower
    volume.

  • @KnickKnack07
    @KnickKnack07 7 ปีที่แล้ว +106

    OK..so you can do some basic math...but you don't understand simple words like scam.

    • @MollyGermek
      @MollyGermek 7 ปีที่แล้ว +32

      They profit from deceiving drivers with false data about their potential earnings. It's a textbook scam.

    • @KnickKnack07
      @KnickKnack07 7 ปีที่แล้ว +2

      WhiskeyWhiskers They don't deceive anyone. Maybe some drivers are too stupid to understand and do the calculations But if this woman can do the math, so can anyone. IT is not fucking rocket science.

    • @drunkenwhaler9507
      @drunkenwhaler9507 7 ปีที่แล้ว +17

      +knickknack07 What I'm getting here is "Uber doesn't lie. If this one woman on the Internet in a video is intelligent enough to do the math, anyone can." I think you forgot the part where most humans are complete morons (and some are naive and would trust Uber without checking). It's also rather easy to not take into account some variables, and working with percents are hard for some people.
      This video was, presumably, well thought out. Most people wouldn't think too hard about this. I mean, if these people had those math skills, they probably wouldn't be thinking about driving for Uber.

    • @KnickKnack07
      @KnickKnack07 7 ปีที่แล้ว

      There is NO deception at all. They tell the drivers what they will make. Plain and simple.

    • @KnickKnack07
      @KnickKnack07 7 ปีที่แล้ว +1

      Ummmm no. You are confusing EARNINGS and PROFIT. Earnings are what you earn. They ARE revenue. Why bring something up if you don't know what you are talking about? Jesus Christ...you think when companies like Google or Apple gives their earnings report, they are giving their after expense profits? And if so...why do they also include another column LABELED profit! And why is that value much lower?
      And again...you are going by the "report" used buy this OBVIOUSLY biased video. IT does not include tips.
      Dude..you are definitely NOT an engineer. They don't give engineering degrees to junior high school studnets. And even people who graduate onto to regular high school know that service jobs relay heavily on TIPS.

  • @romansh1357
    @romansh1357 3 ปีที่แล้ว +5

    I’ve driven for Uber and it was a nightmare

  • @curtismaxwell1964
    @curtismaxwell1964 8 ปีที่แล้ว +26

    I drive for uber on my commute to work and home. I pick up 3-5 rides a day, on a route that I have to do in order to go to my regular job. This works for me.

    • @amaganaz
      @amaganaz 8 ปีที่แล้ว

      curtis maxwell that's cool lol

    • @Mrfdsa1
      @Mrfdsa1 8 ปีที่แล้ว +3

      For you it works perfectly (Uber is good for some extra income on the side) but there are to many fools who think that Uber can replace a full time job and quite honostly for what I see in how it pays in non peak hours I don't see that happening.

    • @curtismaxwell1964
      @curtismaxwell1964 8 ปีที่แล้ว +1

      Correct, not a full time job for me , but not a scam

    • @scottiew7286
      @scottiew7286 7 ปีที่แล้ว +1

      No such thing is a pre-set "route" on Uber, one person could take you way of course

    • @curtismaxwell1964
      @curtismaxwell1964 7 ปีที่แล้ว

      You can set two destinations a day

  • @yadaroni
    @yadaroni 7 ปีที่แล้ว +347

    I drove for Uber and LYFT and kept very good records. I tract all costs and payments. This video is very accurate, however, as bad as the numbers are, it's even worse in rural areas. Uber doesn't pay for you drive to the customer or the ride back to your home area. In urban areas this isn't so bad because most rides are close and destinations are generally in the city. In rural enviorment this the numbers are criminal. You have to learn not to drive more than 5 miles to a pickup but if you don't take all the 20+ mile calls that pop up in rural areas they hold it against your rating. you also arnt told where they are going. I have had trips where I drove for 3 hours and didn't even break even. In the 3 months I worked for Uber and lift I averaged less than $3 per hour and that was after I figured out the hard and expensive way not to take certain trips. There were days that I was on the clock all day and actually lost money. There should be a guaranteed minimum wage (by law) but that would mean admitting that they are scamming drivers. Most of which, like me are driving because we are already low income and desperate. a They should be ashamed of themselves!

    • @Sir......
      @Sir...... 7 ปีที่แล้ว +8

      there is no required acceptance rate. your profile 'score' and cancellation rates are what matter. (ignore far away rides, head closer to bigger cities)

    • @yadaroni
      @yadaroni 7 ปีที่แล้ว +12

      MrBgklug as I stated, even after I learned to ignore far away rides, I still averaged around $3 an hour after total real world expenses were deducted. I only deducted what wear and tear and gas was actually appropriate for my vehicle (and taxes) not the fed recommendations which are much higher.
      Bottom line, I made less than half of minimum wage and I don't think that should be a secret.

    • @Sir......
      @Sir...... 7 ปีที่แล้ว +5

      yadaroni i was just replying to your statement "they hold it agaunst your rating", and trying to be helpful in that regards.

    • @luckyeddy350
      @luckyeddy350 7 ปีที่แล้ว

      yadaroni Have faith brother.

    • @XxxCR1SPYxxX
      @XxxCR1SPYxxX 7 ปีที่แล้ว

      yadaroni life is like the wild west big business thinks you should be ashamed for working for them or for buying into their rules and products that we dont necessarily need for our souls to grow healthy with nature. we should be ashamed but maybe we shouldnt be because big business has always been like this before you were existent on earth business and government dominates so its not our fault. or i dont believe its people's fault, its natures fault. thats what big business thinks its natures or gods fault for not stopping the industry. so they take no responsibility in their actions. thats the game being played. how can you blame uber for doing whats always been done on earth? why stress and worry about things that are not real problems . money is an illusion.

  • @cheesmastr5303
    @cheesmastr5303 7 ปีที่แล้ว +274

    Why would you need to buy a new car every 2-3 years? That's absolutely retarded, most cabs here are early model crown vics, which can be over 20 years old, there's a couple here from the 70's even

    • @DeadMarine1980
      @DeadMarine1980 7 ปีที่แล้ว +20

      They were better made cars then bud. Cars today don't last that long and Uber and Lyft wont let you use a care less than 5 years old.

    • @wardoc041
      @wardoc041 7 ปีที่แล้ว +29

      DeadMarine1980 Less than 5 years old? Or did you mean "greater than 5 years old"?

    • @SoulEater090
      @SoulEater090 7 ปีที่แล้ว +12

      driving for a living ruins cars

    • @TrenchCoach
      @TrenchCoach 7 ปีที่แล้ว +1

      Your car can not be over 10 years old for both.

    • @makbar59
      @makbar59 7 ปีที่แล้ว +1

      I have yet to see a 5 year old UBER let alone anything closer to 10.

  • @philrabe910
    @philrabe910 5 ปีที่แล้ว +17

    Uber gets to run a cab company with none of the normal expenses associated! In other words, "Thanks, Suckers!"

    • @sownheard
      @sownheard 3 ปีที่แล้ว

      Exactly they just play outside of the rules by claiming there a tech company.

  • @Trotsky1981
    @Trotsky1981 7 ปีที่แล้ว +202

    Here in Finland, Uber is illegal for basically all of these reasons. I'm just glad I can bike to work.

    • @abhishekkumar3679
      @abhishekkumar3679 7 ปีที่แล้ว +12

      Michael Herman You're in fucking Finland. You can cycle your way out of the country.

    • @oscarmartinezbeltran
      @oscarmartinezbeltran 7 ปีที่แล้ว +5

      Michael Herman
      And here in the Bush Uber is legal, for all this reasons. here in the Bush whatever is in line. with ignorance, scam, mistreatment and going backwards is welcomed!!!

    • @gphilipc2031
      @gphilipc2031 7 ปีที่แล้ว +1

      Yes, I'm reminded of the Morlock's sirens in H.G. Wells the "Time Machine". Only difference ...I think they walked.

    • @MrUltrapresident
      @MrUltrapresident 7 ปีที่แล้ว

      In Italy as well, but not for the same reasons

    • @MatthewBaileyBeAfraid
      @MatthewBaileyBeAfraid 7 ปีที่แล้ว +1

      And that is utterly irrelevant, because Uber is an Urban Transportation system.
      And I know of now cities that encompass the entire state.
      Not even Providence Rhode Island.
      False-Dichotomy much?

  • @rclover828
    @rclover828 7 ปีที่แล้ว +30

    She's right I've been driving for Uber for 5 months now in the San Francisco Bay Area and racking up 2,000 miles per week. That's 8,000 miles per month and at this rate I will rack up 96.000 miles by years end. In 3 years my 2017 Toyota Prius will have 300,000 miles and be worthless since the life expectancy of a car averages about 150,000 miles according to "Consumer Reports" and 250,000 miles if your car is really well maintained. I paid $25,000 for my Prius and that's a hefty expense considering I only average about $18 per hour (driving weekdays). With minimum wage in San Francisco going to $15 per hour I'm making well below minimum wage after expenses. Time to wake up and get another job before my car breaks down.

    • @hookey24
      @hookey24 7 ปีที่แล้ว +2

      Her math is 24 cents for the car but your statement brings it down to 16.6 cents and since you driven 300,000 miles, your true cost was only 8.3 sents. She has a very bad maths

    • @68404
      @68404 7 ปีที่แล้ว

      Serves you right for buying a Prius

    • @Mrwiseguy101690
      @Mrwiseguy101690 7 ปีที่แล้ว

      Come on man a Prius? I know it has good fuel economy but you could've at least gotten a Hyundai Ioniq.

    • @nathanbanks2354
      @nathanbanks2354 7 ปีที่แล้ว

      It's probably only possible to make money by buying seven year old cars and running them into the ground...but even $18/hour isn't worth it. I thought about driving for uber until I realized they wouldn't let me use my 15 year old junker, so now I just do ride shares if it's convenient.

  • @maxthrust976
    @maxthrust976 6 ปีที่แล้ว +18

    So they rake their drivers over the coals for a few years, stash a few billion to spend on some self-driving Volvos, and then fire all those poor saps that carried them to the top. Brilliant.

    • @sherlockwho5714
      @sherlockwho5714 6 ปีที่แล้ว

      Max Thrust that is the plan

    • @jl.d1396
      @jl.d1396 6 ปีที่แล้ว

      Max Thrust I love your mind it reflect good stuff. after 2 years of stupidity I'm tired without realise why until I start reading you guys. billions.

  • @rayman7712
    @rayman7712 5 ปีที่แล้ว +16

    To make Uber and Lyft work for you, one cannot apply the traditional “taxi” math you are using here. This whole (value) per mile formula is pointless. As a driver, you have to first be honest with yourself about how much money you can make per day in the are you live. I live in Fayetteville, NC. I know that I can put in about 8 to 9 hours a day and make about $120 a day, average. I can however make more than that in Raleigh, about $150 to $175 a day. On average, I’m looking between $39,000 and $43,000 a year. Yes, that is before and vehicle related expenses, but I can control those expenses. I know where the good deals are for oil changes, I’ve learned to do much of my own vehicle maintenance, I don’t sit with the engine running for long periods of time, and I do set aside a certain portion of my earnings for tire repairs and fuel. I treat this like its my own business, keeping track of all my receipts, being aware of the best times and best places, offering the best service I can. I also don’t live outside of my means. I make it work for me and my bills get paid. Can Uber do better by me? Absolutely. But, it’s not the doom and gloom math you have in this video.

    • @gogoldude
      @gogoldude 4 ปีที่แล้ว +1

      True brother...

    • @dalonkelon6771
      @dalonkelon6771 3 ปีที่แล้ว +2

      Best explanation man! Some people just go into it expecting it to be all worry free..

    • @charltonthompson1173
      @charltonthompson1173 3 ปีที่แล้ว +1

      I see what your saying, but the whole point of the video is that you would be better off getting a “real” (don’t mean this in a condescending way) job with benefits. Uber works in my opinion if you’ve recently been fired/layed off and are looking for work.

    • @davidtavares4006
      @davidtavares4006 3 ปีที่แล้ว +2

      i agree i love doing uber for over 5 years now. its a REAL job ive done more and gained more by doin uber then any other job ive ever had, specially i dont have no one to answer too why im late etc etc. ppl talk hella shit bout it but the truth is not everyone is suitable for it and they talk shit bc some are just jealous. lol. sadly thats the truth. thanks to uber i own a house l, 2 cars one bein mainly for uber only and the other just for sunday cruises and carshows gotta love doing that when u have time in ur hands coz when u work for urself you can do watever you want. and when it comes to irs just get a good accountant it will help u trust me u get the most out of it.

  • @silverbear7767
    @silverbear7767 5 ปีที่แล้ว +44

    Im from a developing country which has a minimum wage 300$ monthly. Im living in houston tx. I swear here uber driver gets %40 less than a taxi driver in my homeland. Its just a slavery

  • @Mack11721
    @Mack11721 7 ปีที่แล้ว +21

    And this is why I stopped doing Uber. In Indy, I'd run a least 100mls and not even break $100. For "right now..." it's great, but when you average it out, it's so not worth it.

  • @brainboy109
    @brainboy109 7 ปีที่แล้ว +102

    OK so wouldn't this mean eventually no one will drive for Uber and the company will die out?

    • @brainboy109
      @brainboy109 7 ปีที่แล้ว

      Rademenes Polański
      what would that be?

    • @americanbattlechampionship656
      @americanbattlechampionship656 7 ปีที่แล้ว +6

      Mr. Gabe Uber is going to go driverless in the future your uber will show up with no one in it.

    • @brainboy109
      @brainboy109 7 ปีที่แล้ว +3

      American Battle Championships
      and until then? That won't be until awhile from now. Uber is still going strong

    • @ShidaiTaino
      @ShidaiTaino 7 ปีที่แล้ว

      Mr. Gabe no because if look at the like to dislike ratio and the comments, there are a lot of Über fanboys/girls

    • @brainboy109
      @brainboy109 7 ปีที่แล้ว

      Francisco
      I know that. Uber obviously has a strong business model that has plenty of people employed and happy. I was trying to figure out how they made such a statement.

  • @metatronmen2431
    @metatronmen2431 5 ปีที่แล้ว +19

    And you are not considering the labor time behind the wheel, driving or waiting nobody pay for.

  • @mr.ridiculous723
    @mr.ridiculous723 8 ปีที่แล้ว +23

    Who the hell is buying a car every 2 years ???

    • @genekeenan3242
      @genekeenan3242 8 ปีที่แล้ว +4

      +Mr.Ridiculous She said 2-3 years. If you lease then 3 years is right. If you bought out right you are probably looking at a 5 year replacement based on 3,500 miles per month. But nobody drivers for Uber that long. Drivers essentially extract equity from their cars for short term gain. It's why Uber/Lyft have an extremely high churn rate. They never stop looking for new drivers

    • @priceless3020
      @priceless3020 8 ปีที่แล้ว +1

      +Mr.Ridiculous Probably the stupidest statement made in the video.

    • @mr.ridiculous723
      @mr.ridiculous723 8 ปีที่แล้ว

      pricey
      She must be sponsored by lyft

    • @genekeenan3242
      @genekeenan3242 8 ปีที่แล้ว

      maybe stupid comment but the math adds up: Driving for Lyft/Uber is stupid. It cost me a third the price of taxi to get home. A model that has already been shaved to the bone through competition. When Uber/Lyft forces all of the existing transportation companies out of business the prices will rise... New boss, same as the old boss. Anyone who thinks otherwise is comically foolish...

    • @2011blueman
      @2011blueman 8 ปีที่แล้ว +2

      +Gene Keenan New boss worse than old boss because new boss pawns off the capital intensive part of the business onto its workers. That said, I'd imagine after a while drivers are going to see that it's not a real job and stop working for Uber. This is already happening. Uber data shows 11% of new drivers stop driving within a month, and about half are gone within a year.

  • @NeilSmithMusic
    @NeilSmithMusic 8 ปีที่แล้ว +19

    She conveniently left out both the tax writeoffs for the overhead expenses and surge pricing earnings. While there are good points here (I only drive uber xl, so I make a bit more for my larger vehicle which I bought for only $4k total), it appears all that was done here was that someone had a predisposition and simply collected data that supported her opinion while conveniently leaving out data which did not.

    • @NeilSmithMusic
      @NeilSmithMusic 8 ปีที่แล้ว +3

      +harooni22 I know that after overhead costs, uber and lyft are adding around $1k extra to my bottom line each month driving mainly daytime only a couple times per week. Some of it is just being smart about where you hang out and exercising patience. Longer freeway hauls pay the most and do the least damage to your car. Airport runs rock!

    • @RCPropaganda
      @RCPropaganda 8 ปีที่แล้ว +1

      +Neil Smith well its allways easy to leave out the facts that dont support your idea.

    • @ChoobChoob
      @ChoobChoob 8 ปีที่แล้ว

      +Neil Smith The frequency and likelyhood of a surge will slowly reduce as Uber recruits more drivers.

    • @NeilSmithMusic
      @NeilSmithMusic 8 ปีที่แล้ว

      +KasHCubeD at that point, you just go do something else. Until that time, it's working so make hay while the sun shines.

  • @realbhopwood
    @realbhopwood 8 ปีที่แล้ว +376

    Since the price/rate cuts in central Florida I was averaging -$100 a week in 2015. Scam is not descriptive enough!!!

    • @realbhopwood
      @realbhopwood 8 ปีที่แล้ว +11

      Not to mention the BS rate hike bonus area that change every 2 minutes.

    • @gregboonie1557
      @gregboonie1557 8 ปีที่แล้ว +9

      Mexside619 think about gas you paid and tax you will pay later.

    • @redshark61
      @redshark61 8 ปีที่แล้ว +5

      A close friend of mine works hard in SF, Ca. but makes $4500 mo with fates plus production bonuses.

    • @redshark61
      @redshark61 8 ปีที่แล้ว +4

      By the way all income is taxed with other self employment but with Uber the 54 cent per mile write off is huge.

    • @gregboonie1557
      @gregboonie1557 8 ปีที่แล้ว +9

      Randy Taylor but take out TAX .... then how much left for himself ? about Same as McDonald's assistant managers pay.

  • @patrickpmd84
    @patrickpmd84 5 ปีที่แล้ว +16

    Uber makes money by robbing money out of your account

  • @punjab1captain
    @punjab1captain 8 ปีที่แล้ว +35

    what about the cost of risking your life. driving around 8 hours a day 310 days a year is dangerous

    • @punjab1captain
      @punjab1captain 8 ปีที่แล้ว +2

      +Thad Stevens ok? i know. Your point? do you belive that driving is perfectly safe?

    • @punjab1captain
      @punjab1captain 8 ปีที่แล้ว +8

      Thad Stevens You obviously don't know how many people die from car crashes. Do some research and come back. Next time before you act like an idiot and call someone a dipshit know your facts.

    • @punjab1captain
      @punjab1captain 8 ปีที่แล้ว +3

      Thad Stevens LMAO. 1. i am 19 and not even able to sign up for uber.
      2: i i never said it was more common to die from a car crash than a fucking heart attack.
      3. The whole fucking point of my comment is that is driving a car is more dangerous than most jobs out their.

    • @punjab1captain
      @punjab1captain 8 ปีที่แล้ว +3

      Thad Stevens "No, but you did say that driving around was heroic because the driver risks his life" When did i say that? this video is about if its worth it or not to drive the car. im just adding the risk of driving a car and possibly putting drunk people in the car with you. you are just twisting my words to the point that it doesn't make sense.
      And yes driving a car 40-60 hours a week is more dangerous that most jobs "Dipshit".

    • @punjab1captain
      @punjab1captain 8 ปีที่แล้ว +2

      Thad Stevens www.inquisitr.com/1584512/11-americans-die-at-work-each-day-some-of-them-even-while-sitting-behind-a-desk/ 11 PEOPLE DIE A YEAR FROM A DESK JOB.
      asirt.org/initiatives/informing-road-users/road-safety-facts/road-crash-statistics
      1.3 million people die from driving a year.

  • @FSXNOOB
    @FSXNOOB 7 ปีที่แล้ว +435

    The 25% uber cut should be WITH taxes inside, then it would be fair.

    • @pspvita99
      @pspvita99 7 ปีที่แล้ว +6

      This is true and not true at the same time. If you do your taxes properly your good. Gas is a tax deductible, internet and your phone is tax deductable, any maintanace you do on your car is a tax deduction, buisness expenses are key, car payment is tax deductable if you dont own your car as well, if it looks like your spending more than you make, you dont have to pay the man, but if your an idiot and don't account for this than yeah your not gonna be doing so well lol.

    • @Treysorable
      @Treysorable 7 ปีที่แล้ว +12

      EZwA this is so hard to read. can you write normally?

    • @Bearhuggles86
      @Bearhuggles86 7 ปีที่แล้ว +3

      +EZwA A "smart" person can make decent money driving for Uber. That requirement does eliminate a lot of people, however. It doesn't cost 54 cents per mile to drive a car, unless you want it to. If you buy a new 30,000 dollar car for UberX, you are doing it wrong. If you pay 600 dollars for a set of tires, you are doing it wrong. If you pay 90 dollars for an oil change, you are doing it wrong. I pay maybe 25 cents a mile IF that to drive my car. Then, the 54 cents per mile can be used to reduce my costs even further.

    • @Bearhuggles86
      @Bearhuggles86 7 ปีที่แล้ว

      +EZwA Actually, I am wrong about the 25 cents per mile. It is more like 15 cents a mile.

    • @Bearhuggles86
      @Bearhuggles86 7 ปีที่แล้ว +1

      +EZwA English please? What costs $1.30 per mile? and how?

  • @MatataMcCleskey
    @MatataMcCleskey 8 ปีที่แล้ว +11

    I'm a taxi driver. We charge 4 dollars a mile which is kind of high for the country, but New York taxis often sit in traffic for extended periods of time. We drive in a town that has a 40 MPH speed limit. We get people where they're going on average between $7.00-$20.00. We also pass drug tests, extended background checks. No felonies or DUI's, and our cars are checked by the local police department. Our vehicles are marked with identification numbers, we pay taxes and have a bunch of local business owners instead of one giant cooperation. If you don't want to support huge corporations similar to Walmart, then support your local taxi company. Not Yellow cab, they have a Nationwide presence and they are real assholes. They are the reason taxi drivers get a bad name because Yellow cab knows they have a lockdown and people need them (they think) Support your local taxi company, you will find they are usually nicer people and appreciate their customers. I know my company does. I know an Uber driver in Nevada who smokes crystal meth. I understand that people are trying to work. Luckily our company takes care of the locals, give discounts to people going to and from work every day. Uber is screwing over a lot of local business owners by bypassing laws. The drivers are supposed to have a commercial licence that costs over $10,000. As taxi drivers we aren't allowed to pick up and drop off in a state we haven't applied for. Uber bypasses a ton of regulation that is there for the safety of the public. I'm not a fan , and Uber drivers don;t last more than a year. Their turn-over rate for new drivers is absurd. Unfortunately there is a sucker born every minute and there are plenty of people to take advantage of.

    • @lilmoonbaby6
      @lilmoonbaby6 6 ปีที่แล้ว

      TazeMeBro McCleskey UBER does background checks also

    • @louramirez8185
      @louramirez8185 6 ปีที่แล้ว +1

      lilmoonbaby6 I watched an undercover documentary where a DUI and convicted burglar got an Uber job in minutes.

  • @mrbriceno3949
    @mrbriceno3949 2 ปีที่แล้ว +2

    I did the math myself one day and i realized I was making a lot less than minimum wage. Uber preys on desperate people.

  • @Pedro-1974
    @Pedro-1974 7 ปีที่แล้ว +103

    Driving for Uber sucks.
    I drive in the San Francisco, Bay Area. It used to be good.
    But not anymore: too many drivers, lower fares, surge prices doesn't exist anymore. You are right lady; after I do the math I came out negative. And that is without even mentioning how expensive is to live in San Francisco

    • @tarsheemthomas6908
      @tarsheemthomas6908 7 ปีที่แล้ว +1

      I agree. are prices still that low even after the class action lawsuit in California? Here on the east coast the prices are getting so low to the point of an all out strike from drivers.

    • @wainber1
      @wainber1 7 ปีที่แล้ว +1

      The prices for Uber rides in and around Toronto in Canada are low, although many drivers to which I've spoken claim that the money they make from UberX is the pits.

    • @orestesrodriguez5622
      @orestesrodriguez5622 7 ปีที่แล้ว +1

      i wish we can do the same over here in LA

  • @rosskelly4200
    @rosskelly4200 5 ปีที่แล้ว +35

    Just quit. Went back to purse snatching and trying to make Nigerian romance scammers really fall in love with me and cut me in for some of their green.

    • @LTWYomi
      @LTWYomi 5 ปีที่แล้ว +2

      You don't have to single a nation out as scammers. There are scammers everywhere, even here in America.

  • @EOtekk
    @EOtekk 7 ปีที่แล้ว +143

    All these numbers are added up in an absolute worst case scenario. Driving for Uber is not something you can live off of, but it is a great quick money maker. I drive in Orlando, and I make more money than most other college students do working in a conventional job. I clear about $80 a day driving 4 hours, possibly $60 after fuel. Subtracting the additional taxes, I'm still well over standard pay of retail or food industry. Whatever vehicle maintenance I have would exist whether or not I drive for Uber, so you can't really include that in expenses. Where do you get this nonsensical $2 an hour? An oil change is 30 bucks every 4 months. Tires are $300 every 4 years. Of course you're going to spend more if you suck up to the mechanic. I also drive an older vehicle that has already devalued and did not cost me $20,000. You also never mentioned anything about surge pricing. You can make 3x's standard fare at specific areas and times. That's just free money getting tossed in your pocket. I bought a phone charger for $3. Nobody takes water or gum from a person they don't know, so I don't even carry that stuff. Uber does not hold taxes for you because filing as an independent contractor allows you to deduct driving expenses, which saves you money. You can't do that if you're filed as an employee. I'm sorry but your math sucks and you really have no clue about anything.

    • @JoeBudd-D
      @JoeBudd-D 7 ปีที่แล้ว +13

      This video is very one sided. Like you said, she only talks about worst case scenarios, but doesn't talk about bonuses, surge, boost, possible tips, etc.. And she totally misleads people when she brings up taxes without talking about deductions.

    • @gtarules1
      @gtarules1 7 ปีที่แล้ว

      Yeah, what about all those tax deductions I've heard about?

    • @EOtekk
      @EOtekk 7 ปีที่แล้ว +3

      DrE38 You can deduct all fuel and repair costs.....Anything that relates to your car or the job. Fuel being your main expense, It deducts a lot.

    • @knifefest
      @knifefest 7 ปีที่แล้ว +2

      Have you been filling out Schedule SE? The money you're supposedly saving may come from not paying your self-employment tax, but deducting business expenses. I'm also not mentioning the hassle of not having a corporation deal with your taxes and having to keep records in case you get audited, but the video doesn't address that when the time saved would have a significant value.

    • @pedropacheco2925
      @pedropacheco2925 7 ปีที่แล้ว +2

      " but doesn't talk about bonuses, surge, boost, possible tips"
      Those things are optional and depend on the customers only. It's the same scenario for waiters: Is it ok for them to be underpaid because customers might tip them? Should they live hoping to get tipped to make ends meet?

  • @martinmedina7232
    @martinmedina7232 5 ปีที่แล้ว +6

    I drove for rich celebrities like Miles Teller and his supermodel wife,Laura Prepon etc. I did extra work to haul firewood, waited 15 minutes for them to finish partying, sped and took alleyways to get them to dinner on time,etc. Made less than 4 bucks,no tip! Ashton Kutcher is on the record saying you're not supposed to tip your Uber drivers.

  • @jimfath
    @jimfath 8 ปีที่แล้ว +28

    I was a Lyft, UBer, and Side Car(RIP) driver in LA for almost two years. I joined them just after Lyft launched in the market and the rates were more than double what they are now. Like Task Rabbit, iCracked, and countless other app based gig economy jobs, the newer a company is to a market, the more lucrative the compensation for the work force. But after a while, rates will fall and you will start to figure out that you're totally getting screwed.
    I agree with the video's assertion that Uber and Lyft are paying well under minimum wage. The depreciation factor can be misleading. If you buy a brand new car to ride share drive (WHICH YOU SHOULD NEVER EVER EVER DO) then the depreciation numbers you reported are fairly accurate. The best thing to do is drive a decent used car. Mine was 6 years old but I cleaned it up. I also did a lot of my own maintenance. Changed oil, brakes, etc. That saved me some money. That cut down the depreciation a little bit. Still though, the rates fell and fell and quickbooks was showing me not turning a profit some nights. The over/under on ride share driving, at least as it is now in the LA area, is a fools errand.
    LA has a lot of desperate actors and if you take a Lyft or an Uber there, chances are you'll be helping some creative person make their rent. I used to have a tip jar in my car. Specifically for Uber since Lyft allowed tips (Though they used to confuse the riders into skipping it).

    • @ScIQ
      @ScIQ  8 ปีที่แล้ว +3

      +Jim Fath The friend that helped us make this video was in a similar situation to what you described. He drove when the rate was worthwhile, but when it dropped so low, had to give up. But he was one of the smart ones! So many people don't take the shortcuts you describe, don't account for their income, and then get themselves into trouble. Thanks for the comment! - Jayde

    • @andyshay1385
      @andyshay1385 8 ปีที่แล้ว

      +ScIQ
      Why did you deduct the sales tax from the drivers pay? Isn't the tax charged to the consumer. The driver must hold the funds until tax time but it's not deducted from the business's income.

    • @jmcferran1
      @jmcferran1 8 ปีที่แล้ว +1

      I heard that when this Uber Lyft started to get drivers they gave generous compensation. However a price war took over between the two, and it's the drivers who get cut not the services. Also you will never get a surge price at the Airport. An agreement between the services and the Airports says no surge prices.

    • @chrisb.9466
      @chrisb.9466 7 ปีที่แล้ว +2

      Thats true but only because those guys are fucking greedy when they dont need to be. and they accepted money from the wrong type of investors that turned around and demanded to much cuts in order to satisfy their stupid ass margins. getting stupid greedy ass investors is what really fucks up the business. these type of apps should make good money and it should grow organically instead of rushed. The technology and idea is good, the execution is greedy and fucking evil. i dont even use uber, the CEO is fucking dick so are some of the investors. greedy fucking dickheads. With what they are doing they are fucking up the quality of the service by treating the drivers like shit. the drivers ARE their business and you treat them like shit is the dumbest fucking thing to do. they are so worried about making 1000000000% profit. Money fucking dilutes stop worrying about the quick fucking buck. they should build quality, because quality is wealth. Apple computers is not perfect but if you look at it loosely, they did focus on offering a high standard in quality right out the box, it took a while but people started to give them loyalty and now they are starting to shit on other PC manufacturers. they worried about quality first because its a domino effect with the human mind. if you give the people quality they will give you loyalty, it will take a while about when they do, you will then start to see reoccurring customers year in and year out. sorry for the long essay. but im so freaking pissed off i just bursted out in a rant.

    • @mranonymous2082
      @mranonymous2082 2 ปีที่แล้ว

      @@andyshay1385 yeah she is actually calculating everything in a way to get as close to zero as possible so she can justify this video. Drivers also make tips on almost every call and sometimes the tips are relatively good. Why were tips not included in this estimation as well?

  • @BrianVillegas67
    @BrianVillegas67 7 ปีที่แล้ว +83

    This problem will change into a different problem very soon, because as soon as it's possible, Uber will replace drivers with machine-driven cars anyways.
    Buckle up, folks! It's going to get interesting in the next few years!

    • @marcgoss2756
      @marcgoss2756 7 ปีที่แล้ว +2

      Somehow I don't think Uber will take on the cost of driving unless their driverless cars get a special rate... you know pay themselves more then the actual drivers

    • @1FatHappyBirthday
      @1FatHappyBirthday 7 ปีที่แล้ว +5

      You mean like JohnnyCab?

    • @johnsmith4630
      @johnsmith4630 7 ปีที่แล้ว +5

      Brian Villegas right but the entire business model of uber is built on suckering people into depreciating their cars ubers benefit. without the driver who was going to be suckered?

    • @MegaBanne
      @MegaBanne 7 ปีที่แล้ว

      Why is that even a problem?

    • @johnsmith4630
      @johnsmith4630 7 ปีที่แล้ว +1

      ***** dehr took err jeerrrbbs!!

  • @mamjotbhullar1407
    @mamjotbhullar1407 6 ปีที่แล้ว +59

    Buying a New car every 2 years is a ridiculous statement. Taxi drivers keep cars for several years.

    • @Bearhuggles86
      @Bearhuggles86 6 ปีที่แล้ว +7

      Most of her statements are ridiculous xD.

    • @JohnMarkIsaacMadison
      @JohnMarkIsaacMadison 6 ปีที่แล้ว +1

      I've had my ford focus for over 10 years now. Fuck I am old.

    • @NoMoreBsPlease
      @NoMoreBsPlease 6 ปีที่แล้ว

      American Fuel TV Bullshit

    • @boss22682010
      @boss22682010 6 ปีที่แล้ว +1

      You have to take into consideration that taxi cabs are built to last. Not your common consumer car.

  • @thomasraustin
    @thomasraustin 5 ปีที่แล้ว +49

    She just described the entire global economy

    • @danhamelgigx.398
      @danhamelgigx.398 5 ปีที่แล้ว +1

      Touche

    • @edwardyang8254
      @edwardyang8254 5 ปีที่แล้ว +1

      If that's all you heard, you probably have hearing or comprehending problem.

    • @28alpaccino
      @28alpaccino 5 ปีที่แล้ว +1

      I totally agree with you, the work force system is made for slavery, If you don't think out of the box and open your own business youll be trapped all your life working to pay rent, bills and making those big corporations richer and richer.

    • @Wenkyplays
      @Wenkyplays 4 ปีที่แล้ว

      Sounds like your a sucker

  • @mariosapostolou3087
    @mariosapostolou3087 7 ปีที่แล้ว +240

    I drove for uber for a year , unless you do 12 hr shifts, at least 6 days a week , you really can't make a living , I hated every hour of it , , oh and as for pool jobs ! Forget it ! Great for the rider , poor drivers get Fucked ,

    • @j0hnnykn0xv1lle
      @j0hnnykn0xv1lle 7 ปีที่แล้ว +10

      it's meant for supplemental income, now full time work, and on top of that it's not like it's breaking rocks for fuck sakes you sit on your ass all day

    • @Reiyreiyreiy1
      @Reiyreiyreiy1 7 ปีที่แล้ว +15

      In morning rush hour I make 80-100 in 3 hours
      In 8 hours I make around 120-160 on a weekdays working 4am-1pm
      On Fridays 11am-3am I make 300. Saturdays I work 12pm-3am and make 375-400. Plus incentive
      It works if you save gas receipts, maintenance receipts, lunch food/breakfast receipts etc.. just gotta know how to make it work.

    • @mariosapostolou3087
      @mariosapostolou3087 7 ปีที่แล้ว +9

      Meldoies17 bollocks , when you calculate the mileage and what the rate is even on Serg prices it is impossible, stop telling lies to people , your bang out of order !

    • @Reiyreiyreiy1
      @Reiyreiyreiy1 7 ปีที่แล้ว +4

      Marios Apostolou lol dude I make my money. Idc if you believe me or not. In the city of Boston ubering is the shit.

    • @mariosapostolou3087
      @mariosapostolou3087 7 ปีที่แล้ว +2

      Meldoies17 I speak as a Londoner , are you in the USA ? If you I I cannot comment

  • @jetsparrow3171
    @jetsparrow3171 5 ปีที่แล้ว +69

    As a former Uber driver in Brisbane, Australia, I know I worked 80/90 hours a week to clear $250/300 a week. That’s an average of approximately $3.00 an hour. Then, as I was leaving the work, the government introduced GST to rideshare drivers so I needed to set aside the equivalent of $5,500 a year, which would bring my average weekly take-home earnings to about $194 a week. I got out and now, as a traffic controller I work 40/55 hours a week and clear between $1,400/1,650 a week. A biiiiig difference. Thanks for posting your findings.

    • @KrunchyJD
      @KrunchyJD 5 ปีที่แล้ว +5

      It's a rip-off for drivers..

    • @tywesley2047
      @tywesley2047 5 ปีที่แล้ว +2

      Dude I make 1000-1200 every week in Boston with Uber. Don’t speak on places you’ve never been. Uber Partners make more money per hour in Boston and New York every where else seems to not be making money

    • @patrickleslie1991
      @patrickleslie1991 5 ปีที่แล้ว +3

      What were you doing wrong, Jet? I made $300 pre-expenses/tax last Friday night over 8 hours in Adelaide...

    • @msgaming9823
      @msgaming9823 5 ปีที่แล้ว +2

      Jet Sparrow man may be you were driving with your app being offline. Next time you think of driving with uber push the Go button before you start

    • @jetsparrow3171
      @jetsparrow3171 5 ปีที่แล้ว

      SkySun Magic 😂🤣 love it.

  • @SuperSaverPlaysSPG
    @SuperSaverPlaysSPG 8 ปีที่แล้ว +29

    I went through all the paperwork and background check to drive for uber...But after doing some research and mathematics(I'm a current business major) myself, and decided I'm better off working as a labor making $13/hr at odd hours in the manufacturing sector.

    • @DJDeezyThaTruth
      @DJDeezyThaTruth 8 ปีที่แล้ว

      +Sonny Zheng --Thats what I be doing. Even get picked up to work jobs "off the books". This has mostly been Moving jobs, Roofing, House Building and mild yard & garden.

    • @DJDeezyThaTruth
      @DJDeezyThaTruth 8 ปีที่แล้ว

      +Sonny Zheng --Thats what I be doing. Even get picked up to work jobs "off the books". This has mostly been Moving jobs, Roofing, House Building and mild yard & garden.

    • @davidca96
      @davidca96 8 ปีที่แล้ว

      +DJDeezy ThaTruth Num sayin?

    • @rumfordc
      @rumfordc 8 ปีที่แล้ว +1

      +Sonny Zheng yea if you can do manual labor then its definitely a quicker source of income. uber is more lax and part time than that. it depends on what you want and what car you have

    • @anonymouse740
      @anonymouse740 8 ปีที่แล้ว +1

      +Jon R well then work as a laborer and not an Uber driver. Dilemma solved!!!

  • @abduabdi246
    @abduabdi246 5 ปีที่แล้ว +13

    😭 😭 😭 😭 I’ve been driving uber for the past 2.5 years and not even covered my expenses after i left thanks god i am well now