Summary
A study by the University of Oxford found that Uber's new pricing system made passenger fares go up while driver earnings went down. The study also noted an increase in the amount Uber takes from each fare after changing its pricing method in 2023.
Key Facts
- The study looked at data from 258 Uber drivers in the UK over 1.5 million trips between 2016 and 2024.
- Uber introduced a dynamic pricing system in 2023, which led to higher costs for passengers.
- Drivers' earnings dropped from more than £22 per hour to just over £19 per hour.
- Uber's share from each fare increased from 25% to 29%.
- Drivers spent more unpaid time waiting for rides since the new pricing system was introduced.
- The study showed a growing gap between passenger fares and driver earnings.
- Uber disputed some claims in the study, stating that all drivers are shown potential earnings before accepting a trip.
