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☆ How much do Uber and Lyft drivers really make? It varies wildly depending on tips, car expenses, and how they calculate profits.
▼ + stars: | 2023-10-24 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

First, the ride-hailing pay calculations used by researchers, drivers, and companies can vary considerably — some don't fully account for the expenses and hours that impact a driver's profits. Second, drivers' pay can fluctuate based on how often they drive, their vehicle's expenses, and how well their customers tip. Aaron Lavender, a 36-year-old full-time Uber and Lyft driver in Colorado, previously told Insider that tips make up 10% to 20% of his income. AdvertisementAdvertisementMinimum wage laws could help clarify drivers' payThe uncertainty of drivers' pay doesn't seem to have stopped Americans from giving ride-hailing gigs a shot. The number of Uber drivers hit a record-high 5 million in 2022, with more than 70% of new drivers citing inflation as a reason they joined the platform, the company reported.

Persons: Uber, —, Lyft, Jeff Hoenig Jeff Hoenig Uber, Gabe Ets, Jeff Hoenig, Smith, Wesley Johnson, Aaron Lavender Aaron Lavender, Dallas Uber, Aaron Lavender, Nathaniel Hudson, Hartman, he's Organizations: Service, Drivers, Demand, Tesla Motors Locations: Oakland , California, South Carolina, Silicon, Mountain View , California, San Francisco, Dallas, Colorado, Portland, New York City, Seattle, California

☆ A millennial who quit teaching to be a full-time Uber and Lyft driver has made $36,000 so far this year — but thinks it's better as a part-time gig
▼ + stars: | 2023-09-25 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Aaron Lavender, 36, gave up teaching last year to work as a full-time Uber and Lyft driver. But he said ride-hailing is more profitable and sustainable as a part-time gig. He'd been driving part time for Uber and Lyft since 2021, but last summer, he decided to go full time — driving at least 40 hours a week. AdvertisementAdvertisementBut whether these gigs can be sustainable full-time jobs — or whether they're better kept as side hustles — is up for debate. A 2022 survey of 810 California Uber and Lyft drivers conducted by a ride-hailing advocacy group found that two-thirds of them had been deactivated at least once.

Persons: Aaron Lavender, Uber, Lavender, he's, Aaron Lavender Aaron Lavender, stokes, it's Organizations: Service, Uber, California Uber, didn't, Tesla Locations: Wall, Silicon, Colorado, California

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