I first met Harry Campbell back in August 2014, long before he was the ride-sharing guy. His first web presence was at www.yourpfpro.com, a financial website for young professionals. And as it turned out, Harry is also a miles and points guy, so we’ve stayed in touch ever since.
Then a few years ago, he turned his time and attention to his new brand, TheRideShareGuy.com. Maybe you’ve heard of him or seen his blog/podcast/Youtube channel. He’s my go-to resource when I have ride-share questions, so I wanted to sit down with him and get his view as both an insider, because he still drives for both Uber and Lyft, and also as a mentor and resource for drivers.
I asked Harry some tough questions, because as a consumer, there’s a lot about the ride-sharing world I’d like to understand. I want, as I’m sure you do, to have the best possible ride-sharing experience, and understanding this from both a passenger as well as a driver perspective helps! Harry’s got a unique window into the sharing economy, so let’s see what he has to say.
Shelli: Is there an over-saturation of drivers (in certain places of course)? Is this why Uber/Lyft can keep cutting back on how much drivers earn?
Harry: Both Uber and Lyft cut rates almost annually on drivers, but they don’t really give very convincing reasons why. They say lower rates will bring drivers more money, but we have not seen evidence for that. Over-saturation of drivers is definitely an issue, but so is Uber’s burn rate of drivers. In 2015, Uber announced nearly half of its drivers quit after one year, but so far it doesn’t look like as though the pool of drivers will let up. Flexibility and the ability to earn money on your own time is tempting for a lot of people, even though Uber and Lyft cut rates. Continue reading