For those who’ve been wondering, I wanted to let things cool down a bit before I posted anything about Uber’s recent fare cuts. Some of my worst decisions in life have been made impulsively and if given the opportunity, I think it’s always better to ‘sleep on it’. And as we all know with the internet, once you write, tweet or post something, it can’t be deleted.
Well, I’ve slept on it long enough and I still can’t help but feel like, as drivers, we’re getting screwed over by Uber right now. I mean there are only so many times you can handle getting your pay slashed and be expected to go out there on the road and stay positive. For most drivers, this is their second pay cut in just the past 6 months. And although Uber claims lower fares means higher earnings for drivers, I think we all know by now that statement is bullshit.
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Compare declining driver pay with the growth at Uber and the salaries/equity of Uber employees and that will probably make you even madder as a driver. Uber recently raised another $1.2 billion and is currently valued at just over $40 billion. My hope has always been that ‘partners’ would see parallel growth, but it appears we’re headed in very different directions. [Read more…]