Rideshare drivers in Toronto earn substantially below minimum wage, city report finds [Globe and Mail, The (Toronto, Canada)]
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Source: Globe and Mail, The
Christopher Katsarov/The Globe and Mail Rideshare drivers in Toronto using digital platforms such as Uber and Lyft earned a net median hourly wage of $5.97 an hour in 2024 – a figure that is substantially below minimum wage – according to a new report from the City of Toronto. The report, which was commissioned by the city and conducted by researchers at the University of Toronto and Université de l'Ontario Français, paints a damning picture of how low and unpredictable wages are for this group of workers, who are primarily young, male, racialized newcomers in Toronto. The report relied upon a dataset of 84 million trips conducted in Toronto between Jan. 1, 2023, and May 1, 2024. Researchers also surveyed 1,000 rideshare drivers and obtained data on driver expenses such as fuel, car insurance and maintenance in order to assess their net earnings. Specifically, the report found that the main reason why hourly net wages for drivers were so low was because of the amount of time t
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UBER
Earnings
- 10/31/24 - Beat
UBER
Sec Filings
- 11/27/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- UBER's page on the SEC website