Study suggests most Uber, Lyft drivers in Seattle not poorly paid [Reuters]
Uber Technologies, Inc. (UBER)
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Source: Reuters
Study suggests most Uber, Lyft drivers in Seattle not poorly paid (Reuters) - Most ride-hail workers in Seattle are part-time drivers whose earnings are roughly in line with the city’s median, a study of data provided by Uber and Lyft showed, defying some perceptions of drivers working full-time for little pay. The Cornell University study, published on Monday, comes as lawmakers in several U.S. cities and states debate the future of the gig economy and whether workers should be treated as employees rather than independent contractors. The study examined 14,000 drivers during one week in October 2019 and showed that 75% of Seattle drivers work fewer than 20 hours per week, with only 5% working full-time. The authors say it was the first time real-world data directly provided by Uber Technologies Inc ( UBER.N ) and Lyft Inc ( LYFT.O ) has been analyzed. The median driver earned roughly $23.30 per hour after expenses and including tips, compared with Seattle’s median of roughly $25.
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- 4/19/24 - Form PX14A6G
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- UBER's page on the SEC website