Why working an honest day may result in less pay (under fare guarantees)

This is a great analysis. I think it also highlights the "mind-fuck" that goes along with economics of this job.

THE GOOD OLE' DAYS

I've been driving for over a year. When I first started driving, my city was mainly Uber Black and those drivers were all pissed off about Uber expanding Uber X. But what a great deal it was for us new drivers: higher passenger fees, The gross split was 5% (Uber) / 95% (Driver), no fees for the phone, higher quality passengers, and the fun of being a part of something new. It was the wild west days.

JEDI MIND FUCK POWERED BY INTEL

EVERY price cut and driver promo has resulted in tougher working conditions and less money for the driver. This article...

http://abovethecrowd.com/2015/01/30/ubers-new-bhag-uberpool/?curator=MediaREDEF

...explains that they are using stats and forecasting models to predict what will happen when they reduce fees way before they do it. They know (1.) they will continue to expand and make money with these cuts. (2.) and they know that new drivers, who have no prior history to complain about, will continue to sign on hoping for a good job (just like people continue to fall for pyramid schemes, Amway, etc.).

FUCK THAT BITCH!

They don't care what a mind-fuck it is and how most drivers will spend hours trying to figure out... "Wait...am I still making money or not??" "Uber says I am...but it sure doesnt seem like it."

But my relationship with Uber has been like banging a stripper and letting her move in. What a wild, strange trip it's been! Sometimes she still looks good in dim light of the bedroom and I love the way she talks dirty to me...but fuck man...she's really getting old...and every damn thing she says is a lie...and she keeps stealing all my money...and she's fucking so many other people...I have to get out here before I lose that last little shred of pride.

Later bitch! I'm quitting you!!

What...HOURLY GUARANTEES!?! Shit okay...one more time...until that promo ends...then I'm out...I SWEAR!!!

/r/uberdrivers Thread