Not only is the livery service Uber less expensive than a traditional taxi in most markets during most time periods, but their drivers also earn more money, a recent study indicates. The Uber-commissioned study, released Thursday, shows that, on average, their drivers earn $6 per hour more than taxi drivers and chauffeurs. Gap between Uber drivers and taxis occurs The biggest gap between Uber drivers and taxis occurs in New York City, where drivers earned an average of $30.34 per hour vs. $15.17 per hour for taxi drivers and chauffeurs. In San Francisco the difference was $10 per hour and…
Uber Drivers Earn $6 Per Hour More Than Taxi Drivers
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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