The Peer Economy may be a good idea whose time has come, but that doesn’t mean it’s good for workers. In America, it’s a crumb tossed to those squeezed from the middle class by globalization, automation, etc. Keeping employees happy isn’t a goal of Uber and others because it treats labor like a dance marathon, the music never stopping, new “employee-partners” continually being supplied by a whirl of desperation. From Douglas MacMillan at the WSJ:

The sheer numbers of Uber’s labor pool and rate of growth are hard to fathom. The company added 40,000 new drivers in the U.S. in the month of December alone. The authors of the paper say the number of new drivers is doubling every six months. At the same time, Uber says nearly half its drivers become inactive after a year – either because they quit or are terminated.

If those trends continue, Uber could end this year with roughly half-a-million drivers in the U.S. alone.

That growth is being driven mainly by UberX, the company’s service for non-professional drivers that first rolled out in 2012. UberX has create a new part-time job opportunity for people who have never driven professionally, which account for 64% of Uber’s total number of drivers.

Most, or 62% of Uber drivers, have at least one additional source of income. Which could mean that at least for some, Uber is not economically feasible as a full-time job.

Uber claims an average driver makes $19.04 an hour, after paying Uber a commission, higher than the $12.90 average hourly wage (including tips, Uber says) that the U.S. Bureau of Labor Statistics estimates for taxis and chauffeurs. Uber drivers make the most average pay in New York, followed by San Francisco and Boston.

The average pay for former taxi drivers on Uber is $23 per hour; for former black car drivers it’s $27 per hour.

But the paper’s authors admit these figures don’t include expenses that come out drivers own pockets, including gas, maintenance and insurance. And a number of people with experience driving for the company say Uber has made it more difficult to make a good wage because it frequently cuts prices as a way to entice new passengers.

A drop in prices can have a profound effect on driver pay.•