Gig economy safety net shredded as Uber disrupted

Wednesday, 24 October 2018

The ride share safety net that has crashed the unemployment rate while doing nothing for the underemployed is swiftly being shredded, via Domainfax:

When Emmett D’Urso started working as a ride-share driver four years ago, he was earning up to $45 per hour. He now earns $16 an hour after costs including fuel, insurance and maintenance.

…A new survey of 1100 Uber and other ride-share drivers to be released on Wednesday has found that they earn an average of $16 per hour before costs.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.