The income of the driver of this tech ride-hailing service has just reached ‘the highest level of all time’ because no one wants to drive themselves after the translation

Tram Ho

“The highest income of all time” is what the CEOs of the ride-hailing app Lyft described the payout to drivers in the US in their earnings shares last week.

With more Americans already receiving COVID-19 and pandemic restrictions starting to ease in March and April, more and more people want to use ride-hailing services. technology instead of driving your own car. With more drivers switching to food delivery, commuters have found that waiting times for a ride are now longer, while costs are higher, compared to pre-pandemic times. .

As a result, the Lift platform drivers are making more money than ever before, especially when compared to the start of the pandemic, when there were too many drivers and not enough passengers. .

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Gridwise, a ride-sharing service data firm, found that amid a shortage of drivers, rides were more expensive and average drivers’ incomes had increased significantly from before. Even comparing April to March, income per trip increased from $ 12.76 to $ 13.63. And compared to the 2020 average of $ 10.07, that’s a 35% increase in April 2021.

Breaking this down down into hourly earnings, the figure in April was at a record high of $ 24.89. This is up nearly 47% from the 2020 average of US $ 16.86 per hour in 2020.

Lyft management even said that some cities are seeing drivers bring in an average of $ 35 per hour.

“The driver’s income has increased significantly,” said one Lyft executive. This is prompting Lyft to ramp up marketing to attract new drivers to their platform.

However, the company does not expect the driver-driver imbalance to go on forever. In the coming months, more drivers will be vaccinated with COVID-19, which will allow them to “feel more comfortable behind the wheel”. And when the number of drivers is proportional to the number of people who need to ride, both can expect the cost per trip to return closer to the “normal” level before.

Refer to Mashable

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Source : Genk