Uber driver breaks down how much he actually earns per week after expenses
Although it's often seen as the cheaper alternative to black cabs, Uber drivers certainly don't work for nothing. Watch below as one cabbie gives a breakdown of his weekly earnings (and it's probably not what you expect):
The YouTuber, who goes by Driver Matty, revealed how much get gets paid by Uber in a recent video.
"So I've been online for 25 hours and I've earned £500," the driver said.
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"So really it's 500 quid over the four days, which is not too bad."
He added: "So I average, this week, so far, £20 per hour. So that is not too shabby."
For context, the average hourly wage in the UK for full-time employees is £16.3 an hour, as of 2022, according to statista.
Also considering that the average Londoner is on £21.19 an hour, the Uber driver isn't doing too bad for himself.
The YouTuber also revealed that, in one week, he earned a whopping £800 in 26 hours' work.
That equates to roughly £30 an hour.
Matty clarified that those earnings are pre-tax, and his cab expenses also work out to about £200 a week.
He added that Uber take a hefty 25 percent cut.
It comes after a recent Reddit debate saw one user ask whether there was any truth to a rumour that drivers working in the capital are making a staggering £1K a week.
One person replied: "Define 'make'. An Uber driver could easily 'take' £200 a day in fares, but you would then have to subtract all of your costs from that - vehicle, tax, insurance, fuel, congestion charge, licensing etc."
One London driver explained on their blog that the £1k amount was purely sales and not all of it goes into your account.
"Then comes the hefty 25 percent commission for the pleasure of partnering with Uber," they added. "That is £750 a week. £39,000 a year before expenses. £3,250, give or take, a month.
However, another user also warned: "You can work when you want which is good, but running a private hire vehicle is expensive.
"You need to keep the car clean and tidy which is more difficult in the winter."
A spokesperson for Uber told LADbible: "Uber drivers in the U.K. are guaranteed to earn at least the National Living Wage, but 99 percent of them can and do earn more. In Q1 2022 drivers earned on average £29.72ph, but it varies depending on where and when they drive.
"Drivers are also entitled to holiday pay and a pension, which has helped us sign up more than 10,000 new drivers in recent months."
Anish Vij