Uber is always droning on about how drivers are able to make money by driving their own vehicle, while having the freedom to choose their own schedules. A few years ago, Uber told The Wall Street Journal that a typical driver earns more than $100,000 a year in gross fares. However, new data and calculations based off a million trips reveals a different picture. In three major US markets – Denver, CO, Detroit, MI, and Houston, TX – Uber drivers earned less than $13.25 an hour.
It’s important to note Uber drivers are paid per ride, not by the hour, but $13.25 hourly average is still not much income for a company “valued” at over $60 billion (as of December 2015) and one that classifies its drivers as contractors, not employees.
It would paint a more complete picture if we also knew how many hours a week Uber drivers work.