There's No Way Most UberX Drivers Make Twice What Traditional Cabbies Do

Earlier this month, a group of disgruntled UberX drivers staged a protest outside Uber headquarters in San Francisco. The drivers felt misled that Uber had jacked its cut of their fares from 5 to 20 percent (the company says the shift was seasonal); a few threatened to defect to rival transportation network companies. The main reported grievance was that the drivers were doing all the work and seeing very little of the money:

So it comes as a bit of a surprise to see Matt McFarland of the Washington Post report yesterday that UberX drivers who work more than 40 hours a week make a median wage of $74,191 a year in San Francisco. Meanwhile the average cab driver in the city makes just under $40,000. (In New York, the figures are even more impressive: $90,766 for an UberX driver, compared to about $38,000 on average for a cab driver.)