Last week, an MIT study came out making the salacious claim that rideshare drivers were earning a profit of just $3.37 per hour. The study was quickly refuted by Uber and Lyft, and my first impression was that the number seemed too low. And I should know because the MIT study used the same dataset from my 2017 survey of 1,150 drivers. Uber’s CEO wasn’t too happy about the study either:
MIT = Mathematically Incompetent Theories (at least as it pertains to ride-sharing). @techreview report differs markedly from other academic studies and @TheRideshareGuy recent survey. Our analysis: https://t.co/S2aAqCuDR0
— dara khosrowshahi (@dkhos) March 3, 2018
Thanks for the shout-out Dara, but this tweet seemed a little out of character for Uber’s new CEO. Not sure if Travis Kalanick got a hold of his Twitter account, but Uber doesn’t have the greatest track record when it comes to drivers and earnings claims. And while Khosrowshahi actually had a valid point, the way he expressed his dismay was not becoming of the new image he’s been working hard to build. So what’s going on with this study and how much do rideshare drivers really earn after expenses?