Lyft will pay you $2,500 monthly to drive, but there are some buts... [USA TODAY]
JP Morgan Chase & Co. (JPM)
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Source: USA TODAY
The online ads sound pretty great. A guaranteed $2,500 monthly to drive for Lyft or $2,100 monthly for Uber, which is close to $30,000 yearly for what is a part-time job for many. But here comes the bad news. First, there's lots of fine print to contend with that makes the offers not as swell. Second, a new study out Tuesday shows that drives are, in fact, making way less than they were four years ago. More people are on the roads driving for Uber and Lyft, and the rapid growth in the number of drivers has come a steady decline in average monthly earnings, says J.P. Morgan Chase & Co. Institute. FILE - In this Jan. 12, 2016, file photo, a driver displaying Lyft and Uber stickers on his front windshield drops off a customer in downtown Los Angeles. (AP Photo/Richard Vogel) (Photo: AP) Earnings for those in the online transportation field fell 53% between 2013 and 2017, Chase says, averaging $783 per month in 2017 versus $1,469 in 2013. That, of course, is a f
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