Riding a false cloud of hope

hanging in there

Well-Known Member
Just a general thought.

With the current batch of various Uber incentives it strikes me as kind of interesting that by definition, Uber is losing money on many or most of these rides in general. For example, if they are paying you a "metal" multiplier that is higher than the Uber commission. Or you are doing a bonus program like 75 rides for a $750 bonus which means that Uber adds $10 to your pay for every ride, even if the ride is a $5.95 gross fare.

I know, who cares, blah blah blah, but the point is, because of that, it obviously isn't going to last for very long.

So if you are just kind of doing "OK" with the current incentives, then just keep in mind that what you consider "OK" might be "not OK" when the incentives start drying up and you are left with no safety net, only base fares with perhaps the occasional surge fare.
 

tohunt4me

Well-Known Member
Just a general thought.

With the current batch of various Uber incentives it strikes me as kind of interesting that by definition, Uber is losing money on many or most of these rides in general. For example, if they are paying you a "metal" multiplier that is higher than the Uber commission. Or you are doing a bonus program like 75 rides for a $750 bonus which means that Uber adds $10 to your pay for every ride, even if the ride is a $5.95 gross fare.

I know, who cares, blah blah blah, but the point is, because of that, it obviously isn't going to last for very long.

So if you are just kind of doing "OK" with the current incentives, then just keep in mind that what you consider "OK" might be "not OK" when the incentives start drying up and you are left with no safety net, only base fares with perhaps the occasional surge fare.
Fact.
No Incentives here.
No bonus.
No Surge any longer.

Only constant on boarding of New drivers.

Steadily increasing gas prices.

No monetary increase whatsoever.
 

gofry

Well-Known Member
The "loss leader" strategy is their way of trying to keep up with driver demand, as the attrition rate is enormous. They are trying to distract you from doing the real math of calculating how little you make on everyday, non-incentive fares.
 

andaas

Well-Known Member
Moderator
Makes one wonder what the attrition rate would be if the base rates were increased 50-75%...

I know it would increase my likelihood of driving (haven't done a trip since early April; have only done maybe a dozen trips in 2016).
 

renbutler

Well-Known Member
Steadily increasing gas prices.
This is the only part of your post I generally disagree with. Gas prices in the US have been steadily decreasing for over a month now:



(This post is true as of the time I post this on 7/13/16. If you are reading this at a later date, the chart could have changed in the interim.)
 
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