Actually this is a point of contention.... If one checks out uberpeople.com (the rideshare equivalent of FBG), you quickly discovers:Uber is absolutely fisting their drivers financially. They've been gradually dropping prices in all markets in an effort to snuff out lyft and such while increasing adoption. These "temporary" fare cuts always become perm. They usually offset them with subsidies at first, then remove the subsidies.
The result is Uber X drivers are struggling to turn any semblance of a profit. It's to the point where large numbers of drivers are learning to game the system by canceling short rides after accepting them and such. There are even threads there on how low of an acceptance rate will get you fired. Many are quitting after short time driving.
For NOW uber is offsetting their driver loses with a huge ad campaign screaming make 35.... Errrrr 18 dollars an hour! But as the truth gets out, folks are going to sign up less and driver churn may turn to driver bleed. In any event, net quality is drifting downward with more "noob" drivers in the fold.
As a final "insult to injury" move, uber is now testing taking a 25% commission out of every fare instead of their standard 15-20%.... Scraping an additional 5% out of drivers pockets. Bad juju and may indicate some sort of underlying financial issues within the company.
Some markets are better than others, but Uber has a real problem on its hands. Drivers are largely miserable. This latest move will not help things. Many are now pushing back for tip education. Some will refuse to rate you 5 stars if you don't tip, etc. This is obviously an issue as it flies in the face of übers "don't tip" advertising.
End result is going to be lower quality product, dissatisfied drivers which will bleed into consumer satisfaction.
I love the cheap prices, but theyre digging into a somewhat untenable position here... At least in some markets. (Fares vary wildly in markets)