I bet a lot of Uber Black drivers are really hurting from the fare changes. If the amount of money you get paid as a driver drops below your car payment, and you're upside down on your car loan - seems likely, for a full-time Uber driver - then you're going to be in a pretty tight spot.
More generally, I suspect that a big part of Uber getting people to sign on to drive for them full time involved transferring the costs of fleet management to the drivers (at inflated rates, no less, since they have a higher cost of capital, have to pay retail prices for mechanics, etc), without the drivers fully understanding the financial ramifications of that arrangement.
More generally, I suspect that a big part of Uber getting people to sign on to drive for them full time involved transferring the costs of fleet management to the drivers (at inflated rates, no less, since they have a higher cost of capital, have to pay retail prices for mechanics, etc), without the drivers fully understanding the financial ramifications of that arrangement.