The study analyzed data from 258 UK Uber drivers over more than 1.5 million trips between 2016 and 2024. This revealed a significant shift when Uber introduced a dynamic pricing algorithm in 2023. Passengers now pay more per trip, but drivers’ earnings have declined. Adjusted for inflation, drivers’ hourly income fell from over £22 to just over £19 before operating costs, and drivers are spending more unpaid time waiting for rides than before. Uber’s commission has risen from around 25% to 29% and in some cases, Uber took over half the value of the fare.
Passengers brought this upon themselves as well to be fair. Everybody loved it when they offered cheap rides. Omg upsetting an old encrusted business, just like streaming! Just worse because here, workers were also exploited, and it was obvious that at one point, people would get squeezed.
Btw here in Germany, it never really took off because of the strong laws regarding transportation that were not changed for Uber IIRC. I remember people complaining.
Same here in the Netherlands, sucks to be American I guess :p