Uber and Lyft wages aren’t falling — more people are simply working for them

Published September 24, 2018 6:56pm ET



If you were to read the coverage of a new report from the JPMorgan Chase Institute, you would think that wages at Uber, Lyft, and other such gig economy employers is plummeting, possibly even to half their previous levels. But believing that would be an error, one brought on by the manner of the coverage. The actual events being reported in the original report are that many more people are working for such companies and treating it as, well, a part-time gig, not a full-time job. It is not obvious that gig economy jobs being done as part-time gigs is a bad idea.

The error is widespread. The New York Post said, “Earnings for Uber and Lyft drivers are plummeting.” Recode said, “The gig isn’t as good as it used to be for people working through online transportation apps in the U.S.” Marketwatch said, “Drivers for Uber, Lyft are earning less than half of what they did four years ago, study finds.”

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