well @@@@ me.
They will run out of drivers eventually but it might take a few years.25%. 30%. 35%. It doesn't matter. Turn on the app and there will be always plenty of drivers buzzing around. People love to get taken advantage of. Uber knows there are morons born every minute. There are more drivers on the road today with all the different rate cuts than there were when it was $1.95 mile.
Just checked mine for the past week and I paid 27.5% of the "meter fare".I just did the math on my last Statement, Uber kept 26% of the "meter fare", or the fare the customer is billed.
Rides under $10.00 can take up to 30 minutes from ping to drop off and net the driver $7.20 or less.
And my example is at 20%, a newbee in S.F. will be giving the boss more like 31% of the total fare.
"up to 30 minutes" in Uber speak:Uh, what? If you're taking 30 minutes to complete a $10 fare, you're doing something wrong.