Share on StockTwits

Uber claims its founders aren’t the only ones a little richer thanks to the taxi startup. The company claimed on Tuesday, an Uber driver putting in a 40-hour work week with the company’s app makes a median income of $90,766 in New York City. A San Francisco driver makes $74,191. Median household income in the U.S. is closer to $52,000. Uber said, those eye-popping numbers are a product of cutting out middlemen and allowing drivers to operate independently.

“Uber Isn’t A Savoir For Drivers Any More Than Amazon Is For Authors” is categorized as “world”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.