As we inch toward 2020, we are observing a growing pay gap between CEOs and workers. According to a report published by the Economic Policy Institute, CEO compensation grew 72 percent since 2009, reaching a level just 3.3 percent below the high compensation levels seen in 2007 before the Great Recession hit. In contrast, the average worker’s annual compensation grew at an annual rate of just 2.1 percent between 2009 and 2018 and by a mere 0.4 percent between 2016 and 2018.
Workforce
May 9, 2019
“Researchers at the Economic Policy Institute found that Uber drivers earn an hourly wage of $9.21 on average, after deducting things like fees and commissions. That wage lands below the hourly minimum wage in most of Uber’s major markets, the researchers concluded.”
WBUR
May 9, 2019
The Economic Policy Institute, a left-leaning think tank, concluded that Uber drivers earned the equivalent of $9.21 in hourly wages, after accounting for commissions and fees and vehicle expenses, and taking into account the health insurance and other benefits earned by employees.
Voice of America
May 9, 2019
In new research published Tuesday, the Economic Policy Institute found that Uber drivers on average took home the equivalent of about $9.21 an hour in wages after Uber fees, vehicle expenses, and other related costs.
Business Insider
May 9, 2019
The wages of Uber drivers, according to the Economic Policy Institute, average $9.41 per hour after accounting for vehicle expenses, employee bonuses, commissions, and fees. That’s less than a third of what the average private-sector worker earns and about $6 short of the hourly rate for the service industry. Uber isn’t making a profit, and its drivers are paying the price. In March, the company cut the per-mile rate in San Francisco by 25 percent, from $0.80 to $0.60.
The American Prospect
May 9, 2019
Demands varied by locale; the messages were mostly generalizable: Drivers want an hourly minimum pay. (Last May, the Economic Policy Institute estimated that Uber drivers make the equivalent of $9.21 an hour after expenses, or below the minimum wage in 13 of the 20 major markets where it operates in the US.) They want a cap on the ride-hail apps’ commissions, which today sits around 25 percent, depending on the market. They want sick pay, and some want to be recognized as employees rather than independent contractors. They want transparency, after many have criticized the companies for altering payment algorithms and deactivating drivers with little recourse. And they want recognition, a seat at some sort of bargaining table.
Elexonic
May 9, 2019
Uber’s frontline workforce ends up netting just $9.21 an hour, a recent analysis by the Economic Policy Institute’s Larry Mishel found, and drivers across the app-taxi ecosystem have spent years pushing back against startup business models that deny them traditional labor protections so that the techified version of taxicabs will look more financially sound than it is.
Think Progress
May 9, 2019
When you pull up your app and call an Uber, a full third of the fee you pay goes to Uber and not to your driver, the left-leaning Economic Policy Institute reported in 2018. Once Uber takes its cut, driver compensation averages around $11.77 an hour — but from there, the sum continues to shrink. Take out Social Security and Medicare taxes, and EPI found that hourly pay is around $10.87. EPI defined that sum as discretionary income, so it’s an assumption, really, that drivers “do not provide themselves the equivalent of the health and retirement benefits or social insurance programs.” If they do, EPI estimates that they earn a real wage of $9.21 an hour.
New York Magazine
May 9, 2019
Uber drivers earn money on a dual per mile and per minute formula, while Uber collects service and booking fees that vary by geography each time a trip is taken. One study from the left-learning Economic Policy Institute estimates that Uber drivers earn the equivalent of $9.21 in hourly wages after taking into account Uber’s fees plus drivers’ vehicle and other expenses.
Chicago CBS Local
May 9, 2019
A study from the Economic Policy Institute released Tuesday found Uber drivers earned the equivalent of $9.21 an hour “after accounting for Uber’s commissions and fees and vehicle expenses, and taking into account the cost of a modest package of health insurance and other benefits equivalent to those earned by W-2 workers.”
Insider
May 9, 2019