Uber shut down in London
In message
-septe
mber.org, at 09:22:37 on Fri, 29 Sep 2017, Recliner
remarked:
And the elephant in the room is that it's the gross pay. Knock off 25%
for Uber's commissions, then most estimates for the cost of car rental,
petrol and valeting come in at about £300/week, so for a 60hr week you'd
see something like:
60 x 15 gross = 900
less 25% = 675
less £300 = 375
so that's more like £6.25/hr now, and under minimum wage, plus all the
risks of running your own business.
The FT has an analysis of how much of their time a UberEXEC driver is
actually earning:
https://www.ft.com/content/241d35e8-a463-11e7-b797-b61809486fe2?segmentId=080b04f5-af92-ae6f-0513-095d44fb3577
The "usually £20" is widely regarded as either false memory, like it was
always long hot summers when we were on summer holidays from school; or
it's a very experienced driver knowing where to go (but this time the
surge-chasing failed).
And no doubt, like the £8, is also a gross figure.
Interesting his business has dived so suddenly. Could be a co-incidence,
or maybe on account of the publicity, people have been thinking about
whether the Uber business model is one they want to support.
ps. I wonder why he took such a circuitous route with the fare he picked
up in docklands?
--
Roland Perry
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