Uber driver pay is falling as the company’s take rate rises, new research finds (opens in new tab)

Uber’s present a pleasing simplicity of costs: You know the fare upfront, and the only math left is how much to tip. But the factors governing your driver’s profit on any one ride, and over their ongoing business, are far from simple. A by Columbia Business School professor Len Sherman, which he unveiled with the gig-work-optimization app GigU at the Web Summit Rio conference, tries to dispel that financial fog by crunching data shared confidentially by a few experienced drivers. Sherman’s co...