Study: Uber Doesn’t Put Taxi Drivers Out of Work, But Does Drive Down Pay
Economic researchers from Oxford this week published an analysis of labor data evaluating the impact of Uber on professional drivers in markets it enters. The somewhat surprising conclusion is that the arrival of Uber on average increased employment for both waged taxi drivers and self-employed drivers. However, the study also confirmed critics’ fears about pay, finding that Uber drove down the earnings of traditionally-employed taxi drivers by as much as 10%. The authors argue that this decline was offset market-wide by the increased earnings of Uber drivers themselves, driven by the Uber app's efficient matching of drivers with customers.