A recent study from MIT finds that Uber and Lyft drivers only take home a measly $3.37 an hour on average driving for the two companies.
The study was based on a survey of more than 1,100 drivers with the two ride-hailing companies.
The resident economist at Uber swiftly took issue with the results, calling into question the MIT study’s research methodology. That prompted the MIT researcher, Stephen Zoepf, to recrunch his numbers. Zoepf has now revised the average hourly earning to $10 per hour.
There have been many studies in the recent past trying to arrive at exactly how much rideshare drivers make, after expenses and gas. An example of these numbers can be seen in this survey.
We’ll look at the different studies and take calls from SoCal drivers who work for Lyft and Uber on their take home pay.
If you drive for Lyft or Uber, call us at 866.893.5722. You can also tweet us, or post a message on our Facebook page.