Drivers wielding megaphones stood atop giant piles of dirty snow in Queens this morning, railing against Uber’s recent decision to cut fares by 15 percent. “Shame on Uber,” chanted hundreds of New York City-based drivers, in between the airing of grievances. As the crowd occasionally got too close, Uber’s private security guards would emerge to shoo protesters away — only to be met with a chorus of boos. They all want to get paid.
Uber says that since the fare reduction went into effect, driver earnings have gone up 20 percent, compared to the prior two weekends before the fare cut. “That’s a lie,” Diallo said, shaking his head. “It doesn’t take a math degree to know that less does not mean more.”
Back in December of last year it was reported that Uber was raising funding giving it a valuation of $62.5 billion.
Seems there’s not enough money to go around to all the drivers.
Oh, and remember, having pesky humans driving is only a stop gap before Uber deploys their driverless cars.