In 2014, I earned a total of $594 from customers (not counting Lyft bonuses) including $29 in tips, so tips accounted for around 5 percent of fare income (Lyft kicked in a bunch more in sign up bonus). Yesterday, I earned a total of $187.68, with $12.20 of that being tips, for an average tipping rate around 6 percent. That $12 comes from…
In 2014, I earned a total of $594 from customers (not counting Lyft bonuses) including $29 in tips, so tips accounted for around 5 percent of fare income (Lyft kicked in a bunch more in sign up bonus). Yesterday, I earned a total of $187.68, with $12.20 of that being tips, for an average tipping rate around 6 percent. That $12 comes from just three passengers (including one guy who tipped $6 for a $16 ride), so I would not say I have a large enough sample yet to say people tip more now than they did in 2014.
The $594 was for 50 hours of logged in time, compared to about 7.5 hours of logged-in time yesterday (the rest of the 9 hours was deadheading, charging, and bathroom breaks). So my nominal earnings per logged-in hour roughly doubled from $12 to $24. In 2022 dollars it went from $15/hour in 2014 to $24/hour now, a 60 percent increase.
Figuring out earnings net of expenses will be non-trivial. I probably won't attempt it until the week is over. Driving an electric car probably helps because electricity is cheaper and depreciation might be cheaper too.
In 2014, I earned a total of $594 from customers (not counting Lyft bonuses) including $29 in tips, so tips accounted for around 5 percent of fare income (Lyft kicked in a bunch more in sign up bonus). Yesterday, I earned a total of $187.68, with $12.20 of that being tips, for an average tipping rate around 6 percent. That $12 comes from just three passengers (including one guy who tipped $6 for a $16 ride), so I would not say I have a large enough sample yet to say people tip more now than they did in 2014.
The $594 was for 50 hours of logged in time, compared to about 7.5 hours of logged-in time yesterday (the rest of the 9 hours was deadheading, charging, and bathroom breaks). So my nominal earnings per logged-in hour roughly doubled from $12 to $24. In 2022 dollars it went from $15/hour in 2014 to $24/hour now, a 60 percent increase.
Figuring out earnings net of expenses will be non-trivial. I probably won't attempt it until the week is over. Driving an electric car probably helps because electricity is cheaper and depreciation might be cheaper too.