05 MAR

Uber is disputing a study that suggested its drivers were making less than minimum wage

Seth Wenig/AP

Uber is disputing an MIT study that said that nearly three-quarters of Uber and Lyft drivers make less than minimum wage.
The study found that drivers were making just $ 3.37 an hour in profit.
The study’s lead author says he is going to re-run some of the numbers.

(Reuters) – A Massachusetts Institute of Technology research group that this week reported nearly three-quarters of Uber Technologies and Lyft Inc drivers earned below minimum wage is revisiting its study after a tweeted challenge by Uber Chief Executive Dara Khosrowshahi.

The study, by the MIT Center for Energy and Environmental Policy Research, found that drivers’ median pretax profit was $ 3.37 per hour, using results from a survey of more than 1,100 workers of the ride hailing companies.

See the rest of the story at Business Insider

See Also:

Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.