Why is UBER allowed to pay less than minimum wage?

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Other urls found in this thread:

medium.com/uber-under-the-hood/an-analysis-of-ceeprs-paper-on-the-economics-of-ride-hailing-1c8bfbf1081d
journalofaccountancy.com/news/2016/dec/irs-2017-mileage-rates-201615701.html
irs.gov/newsroom/standard-mileage-rates-for-2018-up-from-rates-for-2017
twitter.com/SFWRedditImages

Because $3.37 a hour is all your gender studies degree is worth.

you frame breaking the law as "disruption" until you have so much venture capital that laws don't apply to you anymore

I didn't even know this was a thing until recently. How is it different from a taxi?

its legal considering its a tipable profession lmao

It uses an app.

bait slide thread, sage.

fake news. Was calculated from survey responses that had confusing answers, then incorporated ALL costs involved with driving.

How old are you? Where do you live?

Uber and Lyft are the Craigslist of taxis, you really don't know what youre getting into

Minimum wage is mental onanism for the lazy

lol, Uber's chief economist just completely trashed this research in a blog post, and MIT has publicly announced that it is re-evaluating the paper. Basically they made a mistake interpreting a data field and it fucked up their math.

medium.com/uber-under-the-hood/an-analysis-of-ceeprs-paper-on-the-economics-of-ride-hailing-1c8bfbf1081d

Nobody tips.

This, and Uber/Lyft consciously know that the drivers are not considering wear and tear on the vehicle long-term and those costs factored in, which makes it even more sinister when you consider the profits these Jews make just for running this app.

>counting the cost of the car against their earnings
sage

>then incorporated ALL costs involved with driving.
this is generally how contracting jobs work, it's why most countries have tax breaks for work equipment

After taxes after gas after the car payment on their 2019 Honda Accord...

The car payment is technically part of their lifestyle and shouldn't be subtracted. You are only given $0.15/mile at any other job for car depreciation+gas... Uber is just getting attacked by people who cant understand simple concepts.

This. It’s almost as bad as those MLM schemes

This is another way to show how badly they fucked up

medium.com/uber-under-the-hood/an-analysis-of-ceeprs-paper-on-the-economics-of-ride-hailing-1c8bfbf1081d

>mfw I just got home and made 40 an hour driving lyft today.

But first of all you can't really rate this income by the hour. This is a contractor job. you get paid per ride not per hour. some times it sucks but most of the time it's great. Save your receipts and write that shit off on your taxes. But most of all get some self motivation and actually work. Most drivers don't do more than 10 to 15 hours a week and make the mistake of counting commute time back home as part of their work hours. Though you can write those miles off all the same. I pull a grand a week minus expenses so make that a rough 800. Not glorious but it's livable.

journalofaccountancy.com/news/2016/dec/irs-2017-mileage-rates-201615701.html

because it's the only way for their shitty service to survive. if they had to pay a reasonable wage, they'd be murdered by the better established taxi companies

>Not writing your car and expenses off on taxes

A lot of drivers don't know they can do this and end up paying out the ass end of year.

The main point is they do make money, but upkeep and insurance is factored in to their wages.
I'm sure if you had the same factors for delivery services, taxis, and truckers they'd make less as well.

>Uber's chief economist
>Uber
>chief economist

medium.com/uber-under-the-hood/an-analysis-of-ceeprs-paper-on-the-economics-of-ride-hailing-1c8bfbf1081d
medium.com/uber-under-the-hood/an-analysis-of-ceeprs-paper-on-the-economics-of-ride-hailing-1c8bfbf1081d
medium.com/uber-under-the-hood/an-analysis-of-ceeprs-paper-on-the-economics-of-ride-hailing-1c8bfbf1081d
medium.com/uber-under-the-hood/an-analysis-of-ceeprs-paper-on-the-economics-of-ride-hailing-1c8bfbf1081d
medium.com/uber-under-the-hood/an-analysis-of-ceeprs-paper-on-the-economics-of-ride-hailing-1c8bfbf1081d

Because people don't want to pay for a taxi.

but owner operator truckers and lyft/uber driver write every cent of those expenses off on taxes...

Shit like this is why I support Bernie. Disgusting capitalist pigs. Socialism is the only way to ensure everyone has an equal opportunity and equal pay

They're a company that facilitates illegal migration and nothing more

I'm sure Sanders supporters are the ones that work and think it's cool work for Uber.

Looks biased as fuck mate, also who calculates commute in wages? Minimum wages would have to increase atleast 3 $/hour to cover for that shit. I say this is biased in that it doesn't compare any other studies, just scrutinizes uber to pressure them to do better. shill/10

its a taxi service that tends to be cheaper and shows up when you call them.

what the fuck are you talking about speak english. The paper made a clear and obvious error, case closed end of thread.

no archive
no click

>I pull a grand a week minus expenses so make that a rough 800
how many hours do you drive?
is it true you need to work friday and saturday night to make much?

>supply your own car
>put wear and tare on your own car
>have to buy your own gas
>must have and pay for insurance
>need perfect driving record
>put yourself at risk meeting complete strangers
>Uber charges ridiculous fucking prices to their customers with "surge pricing" gimmick
>median profit 3.37

You're essentially self employed. You pay for permission to advertise through the app and agree to charge based on the company's fare rates, but you're not in the strictest sense employed by Uber.

>Why is UBER allowed to pay less than minimum wage?
I have said the whole time uber has existed that uber is outsourcing depreciation to idiots. It's genius.

this screenshot explains the simple error the paper's authors made, which resulted in them underestimating driver income by a large factor --->

>tends to be cheaper
it is cheaper

35-45 hours per week.
Usually yes weekends are better though I find weekday travelers usually have some where to be at greater distances and tend to tip more often. lyft doesn't rubber band the price as much as uber does so often late night weekends are base price so i don't bother with drunk retards for that. I make my money during the week and then slam the weekend to get my ride count up so I can get the bonus money. In my area you can get up to 360 extra but the requirements to hit that are retarded, over 135 rides in a week. I typically get an extra 195 and I didn't count that in my other post. Though I did the math and even if you only get minimum distance rides.. 2.80 per trip, but hit the bonus of the highest tier you will still make over 600 per week, minus expenses. But you will never be so unlucky to get minimum distance for all 135 rides.

>tends to be cheaper
It is cheaper by 70% maybe even more

shit it is the go to app here in vegas you can't travel around the strip or the area around the strip without it unless you enjoy walking for hours

lel, of course uber's chief economist is going to defend uber

how retarded are you?

I hope he's a paid shill and not an unpaid one.

how retarded do you have to be to not realize that driving yours car is aging your care?

/thread

>Why is UBER allowed to pay less than minimum wage?
Because (((they))) own it.

All Uber/Lyft did was create a globalized taxi company. The kick is they don't have to maintain a fleet of cars, pay insurance, or taxes

>You are only given $0.15/mile at any other job for car depreciation+gas
Wrong: $.545 is the standard mileage deduction.
irs.gov/newsroom/standard-mileage-rates-for-2018-up-from-rates-for-2017

Yeah, he was really grasping for straws to defend the company when a world-renowned autism factory can't write a basic survey and then do basic math

Because they hire illegals?

They are not on payroll

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>How is it different from a taxi?
It's generally cheaper than a taxi.
A taxi-driver has to be vetted, undergo a
crimianl background check, bonded etc.

An Uber/Lyft driver merely needs to own
a vehicle and be willing to work for three-dollars per hour.

It's cheaper, they don't actually employ anyone, it's a platform for drivers to find passengers thus it's hell of a lot cheaper and it's less regulated. Cabbies all over the world have been protesting this for years.

How can you not have noticed?

Because the drivers are dumb and can't do the math to figure out they are making essentially nothing. Money goes to where it is cared for.

if you drive for lift for ten hours in a day you will make around 125$ thats 12.50/hr you have to take your own taxes out of it plus gas and depreciation. i did it for about 50 hours this year. (last tax year) am just doing my taxes now. I bought a new car this year and am going to depreciate the car to cover my taxes owed on the 1099. pic related is the year end summary.

opps heres pic

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So the profit is $1 a mile.

What's out of ride miles?

Not profit, it's revenue, got to deduct gas and depreciation.

time driving but with no passenger, you fucking moron

But is that considered business or personal use for tax purpose?

Because the drivers work for tips.

Waiters also make a similar amount per hour.

Just don't drive around niggers and you'll do alright.

True. I just saw gross profit on the pic so I forgot. That is shitty imo

Biz

IRS rate is 53.5 cents per mile that's suppose to cover gas and depreciation, so he's making about 40c a mile assuming he's driving a Prius.

driving back home from droping someone off on the other side of town, or moving from one location of high demand to another with no passanger.

i think it was .88c but it depends on your car, i bought 2017 fusion hybrid so im getting 45 mpg. theres little ways you can increase your take home with say a really cheap car, or you can go the opposite and buy a highend car drive 15-20 hours a week (2 hours a night) then just write the cost of the car off at the end of each tax year over 5 years. essentially its a business vehicle and your business is "taxi" met a guy in an A7 doing it. he only drove to pay for the car and had another job during the day.

lol wtf
I drive ubereats for pocket change and pull 15-20 per hour of work
fuck are these people doing? or are they calculating it based on the idea that everyone is driving for 8 hours straight?

I did the calc for you, you are making about $5 an hour...

they write the article about people driving full time. if you drive for eats then you understand the demand comes in waves, the on demand driving is no different.

>B-B-B--BUT user! YOU COULD EARN AT MUCH AS 1500 A WEEK ON LYFT!

Actual expenses exceed standard mileage? Did you buy a brand new car? Do you have low personal miles?

you can, but you have to drive at inconvenient times. 5am-9am 5pm-8pm 10pm-2am. you have to have it as your only job. last week i went to a festival. i had to pay $80 for a uber home because of surge prices at 10pm.

i bought a new car

Standard mileage = $0.535/mi deduction.

>80 for a ride home
Jesus fucking christ.. you couldn't just wait till midnight or something?

What % of the car is business use?

Based

>what is revenue vs. profit?

I have no experience with these services, so forgive my ignorance.

Does lyft/uber set the prices themselves? If not, why not allow the driver's to set their own prices, and allow customers to choose?

but you can choose how to do it you dont have to take the standard.

also the 1099 has no mention of my miles driven so on 1040c you can just make it up

as far as the IRS is concerned 100%

Isn't it just a way to make some extra money and not meant to be a full time job?

Just seems like it's something you can do when you're bored

uber/lyft sets the rates

They are contractors. No one is.forcing amyone to drive for uber. Let them make bad desicions..

I am a driver. I will probably earn 80k this year. And retards love to tell me its great pay.

But I work 70+ hours every fucking week. Driving in retarded conditions. 50k at 40 hrs a week in an office sounds nice.

yea, im about to go to the race next weekend for like 3 hours hope to give like 5-6 rides make 100-120 bux then head to the bar. prolly drive on saturday from like 1-4 or 5 hit a shower then be at the bar for dinner.

>interested in doing this for extra cash
>drive a ‘95 Sable with no muffler and holes in the pipe to the manifold, burning oil, 14mpg, and a bunch of garbage from when I last moved in the back seat
Oh well.

>you can just make it up

Good luck when you are audited, you are supposed to keep mileage logs for the IRS.

Plus tip ;)

In an audit, you will have to turn over the Lyft mileage record. Also IRS can use its statistics on mileage/income ratio industry average as evidence against you if you go crazy with the lying.

In my experience, standard mileage deduction = 80% * (revenue - lyft fees), but that'll be heavily dependent on your market.

How many miles for that 80k? And what car model? Even toyota won't last much past 200k miles.

the IRS audits based on an algorithm. the sytem only flags 1040's for further review if the numbers are out of the norm from others in you tax id catagory. so your right i cant deduct 100,000miles but i can go in and play with the numbers to make it all add up how i want.

-an audit would suck though yes. on part of the 1040c you have to say how you were tracking miles. obviously i choose the self monitored option.

Anyone not making 16-20 an hour driving uber is doing it wrong.

t. Drove 20 hrs last week made 460 buckaroos

t. Boomer

So you know, IRS accepts a linear regression based on a sample of 1/4 of your trips. Then you can use the regression to calculate your yearly miles.

Wealth is becoming much more centralised, not so long ago independent self employed taxi drivers were keeping the profits they made, now they have to give the profits to some billionaire & live off a wage consisting of crumbs.

Taxi companies were never like that you retard.

Yes they were, here, in this country at least.

>all the pseudointellectual marxist retards fuming over this news
>muh minimum wage! muh exploitation! muh capitalism!
>they dont even understand the "basics economics" of owning a fucking car and paying for it themself and taking someone for a lift and sharing "the costs" that turned into these digitally aided lift services
>err is not just erronous calculations understating the actual earnings but the assumption that driving a car while partaking in these services must under all circumstance turn an actual profit after all even unrelated expenses in first place to "pay off", leave alone result into some retarded minimum wage
>none of these retards even read the actual MIT report and just gobbled up the hyperbolic mainstream media bullshit, leave alone the actual study papers thats where obviously intentionally biased against car sharing and is ironically funded and conducted by affiliates of car manifactures who want you to buy cars and not starting to sorta share them, making marxist retards look like the useful idiots they always have been

gtfo friend