Uber always has a way with words. The rates are going up! Wait, no, it's going down.
- "You can expect that your overall trip earnings will stay the same as a result of the update." "In a step toward creating a more reliable earnings experience, we’re updating our time and distance rates to make earnings more reflective of the time you put in, no matter where a trip takes you."
So what's happening?
- We’re increasing the per-minute rate and decreasing the per-mile rate for UberX and UberXL. Whether it’s a 2-mile trip or a 20-mile trip, your time will be valued.
- You can expect your overall earnings to remain the same. We’re putting more value on time to help create more consistent and dependable earnings, no matter where your next trip takes you. (source)
Our friends at Ridester has a thorough analysis and their thought on this Uber's fare update: