Uber driver pay is falling as the company’s take rate rises, new research finds

New research reveals that Uber drivers are seeing a decline in earnings even as the company's take rate increases, according to a study by Columbia Business School professor Len Sherman. This suggests that while passengers may not notice significant changes in fares, drivers are feeling the impact through reduced profits. The findings underscore the growing tension between gig economy platforms and their workers, raising questions about the sustainability of such business models in the long run. This shift could influence labor relations and worker rights in the gig economy.