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Ride-Hailing Drivers Have Lost Half Their Income in the Last Five Years, Study Shows

September 25, 2018

Via: Fortune
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Ride-hailing drivers are growing in numbers. But along the way, they’re also hurting everyone’s earning potential, according to a new study.

Between 2013 and 2018, ride-hailing driver income has fallen from an average of $1,500 a month to $762 a month, a J.P. Morgan Chase Institute study released on Monday shows. Meanwhile, the number of people who are signing on to become ride-hailing drivers for companies like Uber and Lyft, among others, has soared from practically no households in 2013 to 1% of all American households today.

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