Ride-hailing companies Uber and Lyft are raising driver salaries in a desperate effort to meet the epidemic’s growing demand for their services.
In some major cities, including Denver and Philadelphia, Lyft drivers are making $ 44 and $ 43 per hour, respectively, while Uber drivers are making an average of $ 38 per hour in New York City and Philadelphia – including tips and expenses, an Uber spokesperson posted. told .
The wage increase is nearly double what drivers earned before the epidemic, and sources say it is due, at least in part, to financial “incentives” companies are adding that drivers ride more in an effort to explain the more gig-economy What can otherwise make the worker to go back on the road.
Some of the Solid Up Pay can also result from higher fares as Uber and Lyft charge riders based on supply and demand algorithms. But Uber said last month that it set aside $ 250 million in incentives for drivers. Lyft has also stated its offer bonus, but has not announced the total amount.
Neither company has explained how these incentives or bonuses promote the driver.
Whatever the formula, it now appears that Uber drivers can earn more than a thousand and make an extra over $ 2,000 if they make 100 to 200 trips a month under salary allowances.
And Lyft drivers are now averaging $ 36 per hour in Lyft’s top 25 markets, compared to $ 20 before COVID-19, the company told The Post.
Misty Huffman, an El Paso driver who worked sporadically for Uber, recently pulled in $ 1,000 over a weekend, which is more than what she earns as a respiratory therapist, she told Bloomberg .
“The incentives are crazy right now,” she said.
This is a major change before the epidemic when drivers complained about shrinking wages as the two companies slashed fares in an effort to compete. When the epidemic occurred last year, the two companies saw more than two-thirds of ride plums, according to a Bloomberg report.
Demand for ride-hailing services has increased amid increasing vaccination.
Lyft sales for the week ended March 29 were up 80 percent compared to the first week of the year, and Uber grew 76 percent in the same period by second measurement.
Uber said that March 2021 was its best month since last March, when the epidemic started and people started living in their homes.
But the drivers are more scared. Some people are reluctant to endanger their health, especially at a time when unemployment is on the rise. Some drivers may also find new jobs as the economy reopens.
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