Uber slashes prices in 48 cities and has the Cojones to tell their partners they’ll make even more money! That’s why I love this company. Rates are down anywhere from 20-70% less then they were just 2 short years ago and at this stage we don’t see anyone making money except Uber itself. Uber wants to add another million drivers to the mix to boot, how are they going to make a decent living?
Uber customers are welcoming lower ride rates with open arms, but the company’s drivers say they are starting to feel the pinch.
The ride-sharing company has continued to lower prices for the past year, which has been difficult for drivers, who say his once solid source of income has been slashed in half.
“Now, I have to double my hours to make what I was making before the cuts,” Uber driver’s say.
This past weekend UberX cut their rates again, making a trip 40% cheaper than before. Prior to the promotion Uber’s base rate was $2.00, plus $1.25 per mile and $0.20 per minute. In some markets it’s as low as .75 per mile and .15 per minute!
“Uber says it was only supposed to be a temporary cut, and it’s never gone back up never,” Winter cuts,spring,summer and fall all seasons are reason enough to slash rates to ‘drum up more business’.
Uber spokesmen across the country give the standard Uber issued response “What we’ve seen when you lower fares is it actually increases their number of trips. And it increases the demand for riders, and in turn it increases earnings for drivers,” Really? The rate cuts actually make the drivers more money? In what world do we live in?
The real reason for the cuts…eliminate the yellow taxi and stave off competition from rivals Lyft and Sidecar, which have managed to grab some of the market for low-cost rides by deploying armies of regular car owners who want to make a few bucks sharing a ride.
Chief Executive Travis Kalanick said ‘UberX now has the lowest prices of all ride-sharing apps.’
Uber, we get it! You want to become the app ride-sharing monopoly and own the transportation industry across the globe. But to do this off the hard-working partners I mean drivers is inappropriate,ludicrous,absurd and unintelligible.
Greed will ultimately be this company’s downfall. Just a matter of time folks!