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☆ Uber drivers say the job has become more competitive — and that it's made their work less profitable
  + stars: | 2024-02-14 | by ( Jacob Zinkula | ) www.businessinsider.com   time to read: +6 min
Some Uber and Lyft drivers say it's become harder to make money over the past year. AdvertisementMany Uber and Lyft drivers say ride-hailing has become less profitable than it used to be, and some are blaming that on the gig's popularity. Fred is one of several drivers who told Business Insider that an increase in drivers has contributed to fewer available — and lower-paying — trips. This came after the number of global Uber drivers increased 31% in 2022 to a record five million. One San Francisco-based Lyft driver told BI that Waymo's self-driving taxis in the city have added another layer of competition.
Persons: —, Fred, Uber, Lyft, it's, Rich, I'd Organizations: Service, Business, Arizona Uber Locations: Virginia, San Francisco, Arizona
☆ Uber and Lyft drivers say they do it for more than the money: It makes them less lonely.
  + stars: | 2024-01-27 | by ( Jacob Zinkula | ) www.businessinsider.com   time to read: +5 min
Read previewJason McConahy, a part-time Lyft driver in Las Vegas, sometimes drives as few as 10 hours a month. Several Uber and Lyft drivers have told Business Insider they've faced everything from rude comments to harassment while working — women drivers can face their own challenges. Business Insider asked six Uber and Lyft drivers why they value the social interactions that can come with ride-hailing. Riders, oftentimes, enjoy having someone to talk to as well, drivers told BI. "It's like therapy," said a Boston Uber driver in his 50s who asked to remain anonymous for fear of professional repercussions.
Persons: —, Jason McConahy, McConahy, they've, Uber, Mark McCann, Larry, he's, Rich, Dean Ceran, they're Organizations: Service, Business, Atlanta Uber, Arizona Uber, Virginia Uber, Boston Uber Locations: Las Vegas, Dallas, Atlanta, Arizona, Virginia, Boston
☆ Older Americans explain how they're spending their retirements working in the gig economy as Uber and Lyft drivers to make ends meet
  + stars: | 2023-12-05 | by ( Jacob Zinkula | Noah Sheidlower | ) www.businessinsider.com   time to read: +9 min
Some of these semi-retired workers are gig drivers for companies like Uber and DoorDash. Over half of the missing gig workers were aged 60 or older, and over 40% of them described themselves as "retired." Many of these semi-retired workers are gig drivers for companies like Uber and DoorDash. Business Insider previously spoke with six gig drivers about why they're driving during their retirement and the strategies they're using to make money. As her pay-per-ride declines and the cost of maintenance skyrockets, she's been forced to find other types of gig work.
Persons: Uber, —, boomers, didn't, Robert A, Peterson, John Fleming, Charles Rosenblatt, Jeff Hoenig, he'd, Jeff Hoenig Jeff Hoenig, Wesley Johnson, San Francisco Uber, Johnson, Omar Ford, Omar Ford Omar Ford Ford, he's, Germaine, she's, it's, Bill, Rich Organizations: Service, Hebrew University, Federal Reserve Bank of Boston, Survey, AARP, The University of Texas, Business, Hertz, Security, North Carolina, BI, Arizona Uber, Uber, Social Locations: Austin, Myrtle Beach , South Carolina, San Francisco, South Florida, New York City, Florida, North, Arizona
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