Harry here. We haven’t seen any fare cuts from Uber this year, but over the past few months, we’ve been noticing an alarming trend. Today, senior RSG contributor Christian Perea takes a look at the future of price cuts.
2017 marks the first year Uber has not cut rates for drivers as part of their “Winter Warm-Up” guarantee. Uber has slashed driver pay each January for the last three years though, claiming the lower prices will keep drivers busy when it gets slow. Lyft then does the same thing, and then both companies mostly forget to reinstate higher prices after winter is over.
This year, drivers are happy we haven’t seen any real price cuts, but the way drivers now get paid has also changed over the past year. This means it’s possible we’ve already seen fare cuts and don’t even realize it yet.