Why Become a Lyft or Uber Driver?

As Lyft and Uber are slowly replacing cab services, increasingly more individuals are signing up for the job, squeezing in a couple of chauffeuring hours each day. Be it for the sole reason of chasing away loneliness or rounding up their monthly revenue, most people apply for a driver position blindly, ending up quitting the side-job in a fit of rage. Today, we are looking at the two main reasons why people want to apply for a job with a ride-hailing company and the warning signs that come with each one.

Extra Money

Most Uber or Lyft collaborators take up chauffeuring as a side-job in the hopes of rounding up their monthly revenues. At first glance, it looks like a driver can take home a pretty sum after only a couple of hours of work, Uber and Lyft prices being higher than the usual cab rate, especially during high-traffic hours. However, it’s best to never count your chickens before they are hatched.

A 2015 survey showed that Uber drivers in Houston and Denver earned approximately $13.25/hour at the end of the year. In Detroit, a driver received an average of $8.77/hour. The calculation was made by taking into account all expenses (gas and Uber fee). The following year, NerdWallet showed that a Lyft or Uber driver must complete at least 60 orders per week to earn $50,000/year.

In general, the amount of money a person receives is equivalent to the number of hours they are willing to put in. According to Uber, about 80 percent of its collaborators drive less than 35 hours/week. Moreover, 50 percent of all drivers work a maximum of 14 hours in a week.

The conclusion is that Lyft and Uber drivers don’t get paid as much as most people think, so all those interested in applying for the job with the hopes of making some quick money must think twice before committing.

Chasing Loneliness Away

Apart from those who want to earn more money, there are the people who seek to escape daily routine or loneliness. A recent survey showed that over 50 percent of all Lyft or Uber drivers are 51 or over. Furthermore, there are considerably more Uber drivers over the age of 50 than under 30.

In order to support this new trend, Uber decided to reach out to the American Association of Retired Persons and came up with a $35 sign-up bonus for all drivers over 50.

Psychologically speaking, even though the people who apply for the job out of loneliness tend to drive less than those who do it for the money, human interaction helps them maintain their mental health.

Experts recommend that all those interested in a part-time driver position to check out specialized social media group and talk to those already in the business to have a complete and detailed image of how things work to avoid any possible drawbacks. All in all, the job is not that demanding, and it allows individuals to make their own schedule, a perfect way to round up revenues and interact with people.

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