Why Uber Rides Cost More—And It’s Not Because of Drivers

Описание: Len Sherman's Article:   / how-uber-became-a-cash-generating-machine  

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I discuss the real reasons behind the rising costs of Uber rides, debunking CEO Dara Khosrowshahi's claim that higher driver pay is the cause. I share my personal experiences and data from driving for Uber over the past five years, highlighting how drivers are actually making less money now than before, even as passenger fares have increased beyond the rate of inflation. I'll cover the changes in Uber's pricing strategy, the reduction in driver bonuses, and how these impact both drivers and passengers. Additionally, I reflect on the human connections made through Uber rides and the challenges faced by drivers today.

00:00 Introduction: The Rising Cost of Uber Rides
00:29 Debunking the CEO's Claim
00:56 Personal Uber Driving Experience
02:21 Comparing Fares: Then and Now
02:51 The Impact of Upfront Pricing
04:30 Analyzing Driver Earnings
06:18 The Bigger Picture: Uber's Profitability
08:07 CEO's Compensation and Its Implications
14:00 The Human Connection in Uber Rides
16:09 Conclusion and Message to Fellow Drivers