RIDEGURU
Passengers have been living in a subsidized fantasy land for the past six year. In order for Uber and Lyft to make money and be profitable, they have to raise rates substantially, to the tune of 30-40%, would you still use their service?
If Uber and Lyft raised their prices by 30%, would you still use the service?
Posted 5 years, 4 months ago
Posted In
Ask a Passenger
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Posted By
Sergio Avedian (Uberserge)
1300
Rider
Driver
Ride Apprentice from Los Angeles, CA
Blogger, Podcaster, Active Rideshare Driver/Coach
Active Uber/Lyft driver in Los Angeles, contributing writer for Rideguru and RSG (The Rideshare Guy), podcaster, rideshare driver coach, independent consultant to rideshare and tech companies.
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Comments
It would still be pretty cheap even raised by 30%. Do you know how much it has fallen over the years in total?
Oh, don't worry, I know, I write about them for a living.
probably, it has sort of become a way of life now.
Have they raised the rates on you? Because they cut the driver's pay by 25% in March 2019.
No, I don't believe so.
Ok, could it be that in order for Uber and Lyft to actually make money, they may have to do so? As of now, no one is making a profit with rideshare.
Yes i definitely would. It's still way less than a nasty cab and chances are pretty good the driver can speak English or at least understand me! Yes even though i'm a driver, I'm also a user of the service particularly when I'm out of town with my day job.
As a driver from the onset, i well remember when rates were double and Uber was PLENTY busy at that time and everybody LOVED driving for Uber.
Now the rates are so cheap nobody makes a buck, the folks that should be using public transit are scraping pennies so they can afford a more comfortable Uber (and those folks NEVER tip because they honestly can't afford to, or choose not) and it's a big fat LOSE for everybody.
I say raise the driver pay, tighten the requirements a little, insist on annual car inspections, truly vet your drivers (even if the applying driver has to pay a fee) and let's get PROFESSIONAL in our services and what we bring to the party. Let those that can't afford the higher rates take public transit - which sorely needs their business as well!!!
Bravo, couldn't have said it better myself. There are three groups of people happy about this. Top execs of both UBER and Lyft, early VC investors who walked away with 10000% returns and the passenger who's living in a subsidized fantasy land.
The loser, the DRIVERS!
Yes , I would.