The Uber Economy: It Just Doesnt Add Up For Nevada

Ubers Financial Commitment to Nevada?

No business taxes

No property taxes

No sales and use taxes

No Workers Compensation or Unemployment payments

No support for education

No support for essential services

TNCs expect to reap big profits, which get collected out of state, and take advantage of state and local resources, contributing little in return.

Uber and Job Creation?Uber offers part-time jobs with

No guaranteed wage

No health benefits

No retirement

No vacation or sick pay

No advancement

No future

The Tip of The IcebergA 30% loss of licensed transportation service in Clark County alone means more than $5.5 million in lost funding per year to state and local government.

Direct and Indirect Job LossImpact of 30% loss of full-time drivers jobs with living wages

and benefits in Clark County.

LABOR INCOME EMPLOYMENTDirect $70,320,848 1,181

Indirect $10,992,933 226

Induced $ 6,036,759 440

TOTAL $99,550,787 1,847

Hobbs, Ong & Associates economic impact report, March 2015

Do the MathUber boasts that its drivers can

earn up to $50,000 per year. That

averages to about $4000 gross

income per month. But Uber drivers

are responsible for all costs, and the

net income tells a different story.

$4,000

$3,200

$2,950

$2,600

$2,300

$1,900

$1,580

Your Earnings

Uber 20% Deduction (-$800)

Car Insurance (-$250)

Car Payment (-$350)

Car Depreciation (-$300)

Fuel and Maintenance (-$400)

Social Security and Medicare (-$300)

Drivers may wind up making less than $10 per hour before taxes with no health benefits, no vacation or sick pay, no workmans comp and no unemployment insurance

McCarran Airport Fees $2,289,744

Trip Charges & NTA fees $1,842,589

Modified Business taxes $ 647,018

Sales & County Option taxes $ 412,776

Vehicle Registration impacts $ 406,896

Total Funding Loss $5,599,023*

*Does not include Insurance Premium tax, Unemployment taxes, workers compensation, property taxes and other revenue streams to state and local government. Hobbs, Ong & Associates Economic Impact Report, March 2015

By calling workers independent contractors, companies hope to divest themselves of their legal responsibilities as employers . . . turning the Internet into the equivalent of a street corner hiring site and turning workers into day laborers.

Rebecca Smith deputy director of the National Employment Law Project