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Sharing Economy & the Uber Driver That Makes $100,000+ a Year

By on Aug 18, 2014 | 0 comments

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I was riding with Quincy yesterday, a driver for the ride-sharing service Uber, and we got to talking about his day.

What he said absolutely floored me:

Quincy drives Uber 7 days per week for a total of 16 hours per day

Of course, this led to quite a few questions from me:

Quincy’s story surprised me so much that I actually sent a tweet from the cab:

A tweet that was favorited by sharing economy proponent Jeremiah Owyang:

We’ll get to the sharing economy conversation later in this blog post. First, let me tell you what Quincy shared about his experience driving for Uber.

Here is what Quincy told me about his decision to drive Uber:

“I used to work three part-time jobs and still made half as much as I do driving Uber now”

That line totally blew me away. Quincy was working at San Francisco International Airport, for Google and had a third part-time job to help pay the bills. So what happened when he started driving Uber?

“Uber let’s me set my own hours. I work when I want, for however long I want and take breaks whenever I choose. Not only that, but I’m set to make 6-figures this year!”

Quincy also mentioned that the money he’s earning from Uber is “absolutely addictive”

“I’m getting paid for all the hard work I put in every day, and it’s all completely on my own terms. Uber gives me more freedom than any other job I’ve ever had and pays me way more than I could ever earn working two or three jobs like I used to. How can you not be in love with that?”

 

Which made me think: How is the sharing economy changing the working class?

 


Before companies like Uber and Air BnB existed, assets like your apartment or care used to be a *debit* on your expense report every month when you weren’t using them.

Enter: the Sharing Economy.

A term coined for companies like Uber, Lyft and Air BnB, the sharing economy is the ability to share your possessions, or assets, and turn these assets into revenue generators instead of letting them sit idly by when you aren’t using them.

definition sharing economy

Which leads me to ask the question:

Is Quincy’s story an early peak at how the “average joe’s” and working class people of this country will begin to change the way they pay the bills?

If the answer is yes, then what will happen as middle-class jobs continue to disappear and that crowd moves up in the world to earning 6-figure salaries driving for companies like Uber or Lyft?

Would love your thoughts in the comments section below: What will the sharing economy do to the middle class?

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