Seriously, how are Uber and Lyft drivers surviving?
$3.37 an hour—that’s the median take-home pay if you drive for a ride-hailer, according to a new study.
Less than minimum wage: A survey of 1,100 Uber and Lyft drivers in the US has found that when expenses are taken into account, 74 percent of people earn below minimum wage.
Unsustainable: Nearly half of drivers earn so little they actually qualify to report losses on their tax returns. “This business model is not currently sustainable,” Stephen Zoepf, the Stanford University researcher who led the study, told the Guardian. “The companies are losing money … and the drivers are essentially subsidizing it by working for very low wages.”
Gender gap: As we recently reported, women who drive for Uber have it even worse. They consistently take home less than men because of how the company’s pay system grades drivers.
Want to stay up to date on the future of work? Sign up for our newest newsletter, Clocking In!
Deep Dive
Uncategorized
Embracing CX in the metaverse
More than just meeting customers where they are, the metaverse offers opportunities to transform customer experience.
Identity protection is key to metaverse innovation
As immersive experiences in the metaverse become more sophisticated, so does the threat landscape.
The modern enterprise imaging and data value chain
For both patients and providers, intelligent, interoperable, and open workflow solutions will make all the difference.
Scientists have created synthetic mouse embryos with developed brains
The stem-cell-derived embryos could shed new light on the earliest stages of human pregnancy.
Stay connected
Get the latest updates from
MIT Technology Review
Discover special offers, top stories, upcoming events, and more.