I agree given what others have said were rates where they are! I am sure it is designed to lure in new drivers before the cuts come. I would argue this area probably already has enough on the road given the small size of the city.
Damn, that is a decent rate. Almost my XL rates in Boston. Maybe I should move back to VT for a little while. Considering the colleges and how far apart towns are I can imagine there being some decent fares, especially in storms.
Here in Boston area $2 pickup, $0.16 per minute and $1.24 per mile for UberX with $10 cancellation fee and 25% commission (fortunately I'm grandfathered in at 20%, should I choose to do some Uber instead of focusing on Lyft. Min fare is $5 including the safe rider fee of $1. XL rates are $3.50 pickup, $0.35 per minute and $2.45 per mile with $7 min and same cancelation and srf fees. Commission on XL is 28% grandfathered or not.
Rates in London are £1.25/mile, plus £9/hour. Minus Uber's 20%.
I'm not sure what the stats are on pickup distances, but the average speed in central London is around 10mph. So in 8 hours you can cover 80 miles. Let's say that you are on the clock for 80% of the time (I'm not sure if this is accurate), that's 64 miles. That's a payout of £64 (mileage), plus £46.08 (time) = £110.08 for 8 hours. Deduct £20 for gasoline and maintenance and let's say £20 for the car + its costs, and that leaves you with £70 for 8 hours work. This is £8.75/hour, which is above minimum wage.
The figures in that article imply a mileage of around 1900; the costs of £1437 seem high for that mileage and reflect poor choices by the driver.