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#1012026 - 05/27/18 02:39 PM Re: Need a part time job? Here's a deal for you. [Re: Bill_Walker]  
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JohnnyJ Offline
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Originally Posted by Bill_Walker
I wonder if, as with Uber and Lyft, once all the costs of vehicle wear and tear are considered, drivers end up making less than minimum wage.


There is definitely a strategy with Uber and Lyft. If done incorrectly, earnings could unquestionably be well under minimum wage.


Last edited by JohnnyJ; 05/27/18 02:41 PM.
#1012690 - 06/09/18 12:59 AM Re: Need a part time job? Here's a deal for you. [Re: Bud]  
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AviP Offline
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Originally Posted by Bud
Well, Uber drivers are considered IC's.

Interesting factoid I heard last week. In the most recent quarter, Apple made more profit that Amazon has made since it began. Apple 1st Q profit

But Amazon has captured the market and is growing stronger while Apple just told it's suppliers to produce at 80%. The potential for profit is worth more on Wall St than the actual profit.


-Avi
97 Viper GTS --- 99 YZF R1 --- 00 R1100 RT --- 01 Bullet C500 --- 07 Ram 1500 MegaCab --- 13 Outback 3.6R
#1012937 - 06/13/18 10:57 AM Re: Need a part time job? Here's a deal for you. [Re: Bill_Walker]  
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Mike Offline
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Originally Posted by Bill_Walker
I wonder if, as with Uber and Lyft, once all the costs of vehicle wear and tear are considered, drivers end up making less than minimum wage.


I use Uber on occasion, and I’ve always wondered about those folks who take $6-8 fares. I suppose if you use them as fillers between more lucrative ones, it might work out. Still....


Mike The Moderator
Born to be Mild
#1012951 - 06/13/18 01:18 PM Re: Need a part time job? Here's a deal for you. [Re: Mike]  
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szurszewski Offline
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Originally Posted by Mike
Originally Posted by Bill_Walker
I wonder if, as with Uber and Lyft, once all the costs of vehicle wear and tear are considered, drivers end up making less than minimum wage.


I use Uber on occasion, and I’ve always wondered about those folks who take $6-8 fares. I suppose if you use them as fillers between more lucrative ones, it might work out. Still....


The short fares are actually more lucrative than the longer ones IF you can string several together without having to go much distance between each drop off and the next pickup. On a short fare you get to spread the pickup fee over fewer miles - same with the tip, if you get one, as people don't usually tip that much more for a long trip than a short one.

If I get a couple of trips to the airport (55 miles away) I'll get a higher gross income than a typical day running shorter trips in/around town, but my per-mile gross income will be 20% or so lower. A small part of that will be offset - assuming traffic on the freeway isn't stop and go - by better gas mileage for highway miles, but only a couple of pennies per mile. IF I could get a fare from the airport back to my home location that would make it better, but there are usually 100+ cars in the cue at the airport waiting for passengers (so you could burn an hour or more waiting depending on demand) and chances are good I would actually get a fare going the other direction ending up further away/having more empty miles to drive at the end of the day.


*insert witty remark here*
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