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Uber and Lyft both utilize dynamic and surge pricing during high-demand hours, which can cause prices to fluctuate significantly. However, there are some key differences between the two. On average, Uber charges passengers more per mile than Lyft. According to research, Lyft charges 10% less on a per-mile basis and also has lower minimum fares. This could be why drivers on Lyft report higher wages than drivers on Uber, as Uber takes a more significant cut of each ride. However, Uber has significantly higher operating earnings than Lyft, largely due to its pricing strategy.
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So who's better, Uber or Lyft? Overall, drivers on Lyft report higher wages than drivers on Uber. That's because, on average, Uber takes a more significant cut of each ride. Lyft's hourly average is $17.50, whereas Uber's is $15.68. In terms of speed of service, Uber has significantly higher operating earnings than Lyft, and that's due in large part to this pricing strategy. In the US, Uber charges passengers more per mile than Lyft. According to research, Lyft charges 10% less on a per-mile basis. Lyft also has lower minimum fares. But both companies utilize dynamic and surge pricing during high-demand hours, so prices can always swing wildly. Uber does charge surge prices faster than Lyft.
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