Uber drivers often make below minimum wage, report finds

Some drivers end up losing money after insurance, maintenance and other costs, according to study raising concerns over labor standards

Uber and Lyft drivers in the US make a median profit of as little as $8.55 per hour before taxes, according to a new report that suggests a majority of ride-share workers make below minimum wage and that some actually lose money.

Researchers did an analysis of vehicle cost data and a survey of more than 1,100 drivers for the ride-hailing companies for the paper, published by the Massachusetts Institute of Technology's Center for Energy and Environmental Policy Research. The first draft of the paper, released last month, said the median profit was $3.37 an hour, but the author released a new analysis on Monday following criticism from Uber.