Looks like any tom dick and Harry can be a uber driver.Wats the point of having a vocational driving license ??? Recently one Minister said a taxi driver can earn at least 3k a month.Uber fares are more than those normal taxi fare,looks like uber drivers can earn more than normal taxi drivers.
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Is "UBER" under LTA radar?
- Thread starter csi88
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When it was announced uber was coming to Sg.....so many reactions and every party from taxi companies to unions to LTA spoke up.
Later the noise died down and uber operated as per normal.....heard that they found a powerful partner/backer in the form of mrs pm
Later the noise died down and uber operated as per normal.....heard that they found a powerful partner/backer in the form of mrs pm
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Here’s How Much Uber Drivers Are Really Earning:o
http://www.quora.com/How-much-are-you-making-as-an-UberX-driver-in-Singapore-when-it-rains
http://www.quora.com/How-much-are-you-making-as-an-UberX-driver-in-Singapore-when-it-rains
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from now on please refer to only Tom and Dick
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Correct. Temasek bought shares in Uber. Comfort and SMRT chui thak lan.
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Here’s How Much Uber Drivers Are Really Earning
Uber claims its drivers can make $90,000 a year driving for UberX in New York City.
Last month, Business Insider talked to Uber drivers who said they weren’t making nearly that much.
In response to criticism about how much drivers really make, Uber’s New York City general manager Josh Mohrer said he would speak on the record to journalists who took 10 random Uber rides and collected pay stubs from their drivers.
BuzzFeed reporter Johana Bhuiyan decided to take Mohrer up on his offer. In doing so, she took Uber rides with 11 random UberX drivers and collected eight of the 11 drivers’ pay stubs (Uber didn’t provide the pay stub for one driver, and two others weren’t comfortable showing Bhuiyan their payment information).
Many factors affect how much an Uber driver takes home: There’s the basics, like how many hours a week they drive, what time of the day or the year it is, and what the weather’s like outside. But there are also expenses drivers pay for — the cost of a car rental, insurance, gas, and normal wear-and-tear. These expenses aren’t covered by Uber, so they come out of drivers’ pockets.
It’s possible to make a decent hourly wage with Uber, but that’s before all the expenses that independent contractor drivers pay out of pocket.
To make $90,000, Bhuiyan found, a driver would have to make approximately $7,500 a month, or $1,731 weekly.
If a driver typically works 12-hour days, six days a week — a figure that doesn’t appear typical at all — he or she would need to net $24.04 an hour. If a driver worked 12-hour days, four or five days a week, the driver would need to net $36.06 or $28.85 an hour respectively. For a driver that typically works 10-hour days — a more realistic figure — and drives four to six days a week, the driver would need to make between an average of $28.85 and $43.27 an hour.
After doing the math, Bhuiyan concluded drivers are taking home far less than $90,000.
Because drivers incur a myriad of different costs and all driver patterns and behaviors vary wildly, it is nearly impossible to estimate with certainty exactly what the average driver makes (because there really is no such thing as an average Uber driver).
The numbers obtained by BuzzFeed News offer only a small slice from a particular time of the year. Since driving hours and patterns are subject to a variety of factors like time of year, even time of day, and weather, a definitive average number cannot be calculated with this sample size. However, if we assume an average weighted driver wage of $21.90 per hour, which factors in just a fraction of driver expenses, and assume drivers work 30 hours a week (again, not necessarily typical, but a middle range of the hours worked by the eight drivers we spoke to), we can assume a rough projected yearly driver salary of $34,164.
http://www.businessinsider.sg/how-much-money-uber-drivers-really-make-2014-11/#.VPtwrPmUeSo
Uber claims its drivers can make $90,000 a year driving for UberX in New York City.
Last month, Business Insider talked to Uber drivers who said they weren’t making nearly that much.
In response to criticism about how much drivers really make, Uber’s New York City general manager Josh Mohrer said he would speak on the record to journalists who took 10 random Uber rides and collected pay stubs from their drivers.
BuzzFeed reporter Johana Bhuiyan decided to take Mohrer up on his offer. In doing so, she took Uber rides with 11 random UberX drivers and collected eight of the 11 drivers’ pay stubs (Uber didn’t provide the pay stub for one driver, and two others weren’t comfortable showing Bhuiyan their payment information).
Many factors affect how much an Uber driver takes home: There’s the basics, like how many hours a week they drive, what time of the day or the year it is, and what the weather’s like outside. But there are also expenses drivers pay for — the cost of a car rental, insurance, gas, and normal wear-and-tear. These expenses aren’t covered by Uber, so they come out of drivers’ pockets.
It’s possible to make a decent hourly wage with Uber, but that’s before all the expenses that independent contractor drivers pay out of pocket.
To make $90,000, Bhuiyan found, a driver would have to make approximately $7,500 a month, or $1,731 weekly.
If a driver typically works 12-hour days, six days a week — a figure that doesn’t appear typical at all — he or she would need to net $24.04 an hour. If a driver worked 12-hour days, four or five days a week, the driver would need to net $36.06 or $28.85 an hour respectively. For a driver that typically works 10-hour days — a more realistic figure — and drives four to six days a week, the driver would need to make between an average of $28.85 and $43.27 an hour.
After doing the math, Bhuiyan concluded drivers are taking home far less than $90,000.
Because drivers incur a myriad of different costs and all driver patterns and behaviors vary wildly, it is nearly impossible to estimate with certainty exactly what the average driver makes (because there really is no such thing as an average Uber driver).
The numbers obtained by BuzzFeed News offer only a small slice from a particular time of the year. Since driving hours and patterns are subject to a variety of factors like time of year, even time of day, and weather, a definitive average number cannot be calculated with this sample size. However, if we assume an average weighted driver wage of $21.90 per hour, which factors in just a fraction of driver expenses, and assume drivers work 30 hours a week (again, not necessarily typical, but a middle range of the hours worked by the eight drivers we spoke to), we can assume a rough projected yearly driver salary of $34,164.
http://www.businessinsider.sg/how-much-money-uber-drivers-really-make-2014-11/#.VPtwrPmUeSo
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Uber will revolutionise the public transport landscape. Very simple idea to bridge supply and demand via technology and highly lucrative. Was told they take commission of 20% from fares. They caught LTA completely off-guard.
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20% commission from fares? That's quite a large amount. So how's their fare charges like?
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You mean 20% to uber?? that's lucrative for Uber.
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Are potatoes under the same classification ?
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Not sure on exact charges but cheaper than taxis. Only lucrative for the drivers during surge pricing. Unlikely to succeed in S'pore where taxi fares are already quite cheap unlike Europe and N America.
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If there is not enough $$ in it for the PAP then they are certain to block Uber in Spore.
If Uber is getting a 20% cut, then how much will the PAP be getting
Uber succeeded in exploiting a grey area. They cannot be classified as a taxi company. They dont own the vehicles and uber cars cannot stop and pick up suka suka. At the same time they arent limos. Can Altis', Vios' and Camrys' be limousines?
In Spore the PAP can simply changes the laws if their self-interests are threatened. That's why Uber has to let the PAP have a cut.
If the PAP decides to interfere with Uber, they will justify such changes as a way to protect Spore consumers, blah, blah , blah,..
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Agree. If Temasek is keen, better accommodate them. If you reject their interest, expect obstacles to come your way. Machiam extortion.
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Singapore is a small market. Insignificant to a successful startup like Uber! It is the global reputation and commercial acumen of Temasek that makes the founders excited to have received the invaluable advice and support from the sovereign fund.
See...the Newpaper published today, taxi cabbies claimed uber driver's robbing their rice bowl.Why the MP in charge Ang Hin Kee never voice up????? Wats the point having vocational licenses inorder to drive a taxi? Whereby Uber's driver just need to have a car only. Looks like back to the future "BA WAN CHIA"
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Have you considered that if they drove for Comfort, the first 5 hours out of the likely 10 to 12 hours are to pay for rental? Do you now reckon 20% to be excessive?
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