With rampant rise in inflation, gas prices, and the cost of living, many people are turning towards gig apps for extra income. Can you blame them? Heck no! Joe Biden praises himself and his administration that he has lowered the price of gas, but gas prices are still so high! And the ones that are feeling the brink of it the most are gig drivers for companies like Uber, Lyft, DoorDash, Instacart, Amazon Flex, and many others.
Now, keep in mind, if you've been deactivated by any of the major gig apps like Uber, Lyft, Instacart, DoorDash, or Amazon Flex, Driverly helps gig workers get reactivated. While this isn't fully guaranteed, Driverly has made the process simple and easy. Many Uber and Lyft drivers have already been reactivated through this process!
If you are driving for a rideshare company or considering driving for one such as Uber, you will want to read this article to figure out of it is still worth doing.
Over the last couple of years Uber drivers have been increasingly quitting left and right and it's simply because of the rising cost of gas and vehicle repairs. Signing up for a gig app like Uber or Lyft sounds like an easy, flexible way to earn. But, what Uber and Lyft fail to mention to drivers is that it is an expensive gig! You have to pay hundreds, if not thousands of dollars per month just to work! How stupid! Paying hundreds or thousands of dollars on gas, wear and tear, vehicle payments, insurance, etc. just to make a few dollars of profit.
Firstly, one of the biggest problems that independent contractors facing is the increasing cost of gas prices. This would not be a problem if Uber covered your cost of gas but they do not. Uber and Lyft historically do not raise rates for drivers, instead what they do is offer temporary bonuses or gas fuel surcharges that they end up getting rid of. This tricks drivers into thinking that Uber and Lyft are raising their rates for drivers, when in reality they are not.
Since Uber does not cover the cost of gas, it leaves drivers covering the increasing costs with their own pay. This would not be a problem if if their pay increased as gas increases but Uber's pay has stayed the same through out the years.
Drivers that started driving for Uber in 2019 are especially feeling the difference in earnings. When the pandemic started, gig companies began giving high bonuses and incentives to drivers so that they would be encouraged to drive.
Now that the previous drivers for Uber are back on the road with the new drivers, there is a surplus of rideshare workers. Uber and Lyft no longer needs to give drivers huge bonuses or gas bonuses to incentivize their workers.
On top of not fully covering gas expenses, Uber does not cover any repairs for your car. The more you drive your car, the more likely you will get into and accident or that you will need to fix some parts. This combo of expenses is usually enough for Uber drivers to decide it's just not worth it.
The other thing is, is that because of rising inflation, there always seems to be new people who sign up for these gig apps everyday, just to find out in a few months that the actual profit after expenses is much lower than expected.
So, the question is, for you, is it worth it to drive for Uber or Lyft right now, or is it too darn expensive?
And, just another quick reminder, is that if you've ever been banned by an app like Uber, Lyft, DoorDash, or a similar gig app, Driverly can help you with the reactivation process! Driverly Premium helps drivers with driver education, tips to earn more, tax prep, and a plethora of other services.
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