The only reason I continue to drive is the hope that Uber Plus/Select will come to my market. I am assuming existing active Uberx drivers with qualifying cars will be the first to be added, so I want to be in that group. So I continue driving part time to keep that status.
Running my car at UberX rates has been netting me around minimum wage after Uber’s cut and my car costs (it’s not just gas). As Uber has added more and more drivers to the market I’ve been making less than minimum wage recently. I suspect this will just get worse and worse as Uber shows no sign of slowing down its hiring.
If Plus/Select does not come to my market, there is absolutely no reason to keep doing Uber. Even if I had a Prius, all the hiring will make even Prius drivers struggle to make minimum wage. The Uber X rates are just too damn low and the amount of drivers too damn saturated, and there is nothing in the free market forces at work here to compel Uber to raise rates or have fewer drivers.