Trending

Can Uber Really be a Viable Source of Income?

Studies indicate that much of the tech company's success is predicated on the way in which it skirts labor laws.

Uber and Lyft drivers may only be making $3.37 an hour according to a new study conducted at MIT. The study, which surveyed over 1,100 drivers, combined "self-reported revenue, mileage and vehicle choices" with "detailed vehicle operational cost parameters for insurance, maintenance, repairs, fuel and depreciation" in order to come up with an estimation of median take home income. The original results of this study were immediately contested by Uber, with Uber's analyst citing several instances of survey bias and misleading questions as the company's chief complaints.

Keep reading...Show less