Uber's standalone UR hits 60.8% in June, pushing much followed year-to-date (YTD) industrywide UR to exactly 53.0% regulatory floor. Lyft struggles to break 50% UR, but that should change soon
Uber/Lyft are just as responsible in the mass hiring of the new 10k ev plates that were allocated. No one wants to take blame including the drivers that advocated for more plate releases. Here are the consequences. It’s a mess but I think unfortunately many drivers will have to leave the business all together. It’s not sustainable if you are raising a family that depends solely on this rideshare reality income.
UR is a joke metric that can be manipulated and has been manipulated by Uber with the lockouts and waitlisting. It is not fair to compare a UR from June to one in January because the circumstances were much different in both scenarios. In any scientifically based analysis when doing data comparisons you need the SAME SET OF VARIABLES. This is not the case now. You could call January’s rate “UR 1.0” and June’s rate “UR 2.0.” One is without lockouts and waitlisting and the other is with, two totally different numbers.
The real number that should be reported is driver earnings of those drivers that are READY, WILLING, AND ABLE during a certain time period. So, for example, how much did drivers earn from 10 am to 3 pm on a Wednesday. Driver earnings would come from drivers that have access to both Lyft and Uber and, therefore, there has to be no differentiation between the two apps. The TLC has access to that sort of data. The way the system is set up now with UR will destroy Lyft because Lyft, already struggling to increase market share, will lose business in an effort to match Uber in UR. This will leave Uber with a monopoly in a worldwide flagship market, which will only serve to increase fares for passengers and for drivers to not share in these extra earnings.
This is no way to do business. Business is measured in dollars earned-not some university contrived metric like UR.
I wish you would not present this data in this way. As a driver, i have had to work 2-3 extra hours a day, wasting time and gas driving around to make the same amount of $. Sometimes, I'm locked out for 6+ hours in a single day. There is nothing good in these numbers, you should be reporting on the amount of money - both lost revenue as well as increased expenses - this has cost every driver.
I think you should be happy that you only have to work three extra hours to make the same amount of money as before. My earnings have been cut in half.
I'm so sorry. That is true for me on some days too. This is absolutely devastating- while the TLC and Uber/Lyft play their games, it's we who are struggling. All in the service of a higher % of EVs as part of the TLC fleet. Ridiculous.
This is actually how the TLC presents the data and then someone has to explain why the UR is spiking because many people might be confused.
This is why we believe the UR-based pay formula is broken and must be amended urgently. Definitely understand and hear your frustration but there are simply too many drivers (FHVs) chasing a limited amount of trips - this is the "First Principles" of the issue. If you could log into the Uber app (not be "locked out") but then have to wait 2-3 hours for a trip, it's the same concept still - your earnings will go down and you'll have to work a lot more.
To address why lockouts are happening, people need to look at the data and understand the game that is being played. The TLC bears a lot of responsibility for the lockouts, it's not just an Uber / Lyft thing.
The TLC needs to change the UR-based pay formula and stop adding thousands of FHVs to the streets. Then lockouts can end and driver pay will increase. If they do not, unfortunately it'll only get worse for drivers and then get better for those who can survive this time period. I think Uber / Lyft-focused TLC drivers might now understand how yellow cab drivers felt over the past 8 years.
Uber/Lyft are just as responsible in the mass hiring of the new 10k ev plates that were allocated. No one wants to take blame including the drivers that advocated for more plate releases. Here are the consequences. It’s a mess but I think unfortunately many drivers will have to leave the business all together. It’s not sustainable if you are raising a family that depends solely on this rideshare reality income.
UR is a joke metric that can be manipulated and has been manipulated by Uber with the lockouts and waitlisting. It is not fair to compare a UR from June to one in January because the circumstances were much different in both scenarios. In any scientifically based analysis when doing data comparisons you need the SAME SET OF VARIABLES. This is not the case now. You could call January’s rate “UR 1.0” and June’s rate “UR 2.0.” One is without lockouts and waitlisting and the other is with, two totally different numbers.
The real number that should be reported is driver earnings of those drivers that are READY, WILLING, AND ABLE during a certain time period. So, for example, how much did drivers earn from 10 am to 3 pm on a Wednesday. Driver earnings would come from drivers that have access to both Lyft and Uber and, therefore, there has to be no differentiation between the two apps. The TLC has access to that sort of data. The way the system is set up now with UR will destroy Lyft because Lyft, already struggling to increase market share, will lose business in an effort to match Uber in UR. This will leave Uber with a monopoly in a worldwide flagship market, which will only serve to increase fares for passengers and for drivers to not share in these extra earnings.
This is no way to do business. Business is measured in dollars earned-not some university contrived metric like UR.
I wish you would not present this data in this way. As a driver, i have had to work 2-3 extra hours a day, wasting time and gas driving around to make the same amount of $. Sometimes, I'm locked out for 6+ hours in a single day. There is nothing good in these numbers, you should be reporting on the amount of money - both lost revenue as well as increased expenses - this has cost every driver.
I think you should be happy that you only have to work three extra hours to make the same amount of money as before. My earnings have been cut in half.
I'm so sorry. That is true for me on some days too. This is absolutely devastating- while the TLC and Uber/Lyft play their games, it's we who are struggling. All in the service of a higher % of EVs as part of the TLC fleet. Ridiculous.
This is actually how the TLC presents the data and then someone has to explain why the UR is spiking because many people might be confused.
This is why we believe the UR-based pay formula is broken and must be amended urgently. Definitely understand and hear your frustration but there are simply too many drivers (FHVs) chasing a limited amount of trips - this is the "First Principles" of the issue. If you could log into the Uber app (not be "locked out") but then have to wait 2-3 hours for a trip, it's the same concept still - your earnings will go down and you'll have to work a lot more.
To address why lockouts are happening, people need to look at the data and understand the game that is being played. The TLC bears a lot of responsibility for the lockouts, it's not just an Uber / Lyft thing.
The TLC needs to change the UR-based pay formula and stop adding thousands of FHVs to the streets. Then lockouts can end and driver pay will increase. If they do not, unfortunately it'll only get worse for drivers and then get better for those who can survive this time period. I think Uber / Lyft-focused TLC drivers might now understand how yellow cab drivers felt over the past 8 years.