Ridesharing: Uber cuts prices – but also pay rates for drivers

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The company is expected to pull prices back by up to 5 per cent despite rising costs of insurance and fuel.

Uber is cutting its fares by up to 5 per cent next month, defying inflation but lowering driver pay rates in a major test for the government’s new gig economy pay laws.

The company has more than 150,000 people working on its platforms in Australia, though that includes Uber Eats, which is not part of the August change.An Uber spokesman said the change was part of a regular pricing review. “As ever, our aim is to continue providing quality, safe and affordable rides for Aussie passengers while creating compelling earnings opportunities for drivers,” the spokesman said.

Transport Workers Union national secretary Michael Kaine accused Uber of cutting pay to already “vulnerable and underpaid workers” and urged the industry to collectively back strong minimum standards via the Commission.

 

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