Pay floor calculators
For all four days of Raise Days from Sept 5 - 8, we’ll each be setting our own pay floor by refusing jobs that pay below $15/hr + the cost of expenses (or minimum wage in your area).
It’s a simple idea: only take jobs that pay enough to be worth doing. But the information the apps give you don’t always make it convenient to do these calculations. So we built two calculators to make it easier!
Find out what a job is actually paying: simply plug in your estimates for how long a job will take, how many miles it will require, and how much it will pay and calculate what that job pays per hour — after expenses.
Want to take a look at what you’re earning on average throughout a week so you know what kind of surge/blitz/bonus multiplier would raise your floor? Use this tool to look at your weekly earnings after expenses.
These calculators work by accounting for the expense of mileage (using the standard IRS rate of 58¢/mile, which includes the cost of gas, repairs, and depreciation), as well as the additional payroll taxes you have to pay when your classified as an independent contractor.
If you don’t have time to use a calculator, here’s a simple way to estimate what a job is paying after expenses: take 10% off of what the job is paying, then subtract half the miles, and you’ll get a rough estimate of what you’re getting after expenses. Then estimate the time the job will take to figure out the hourly rate.
Note: Some apps (like Postmates) make it tough to figure this out up front, because they don’t tell you the mileage or estimate the time a job will take. But you can estimate the pay for a job based on what similar jobs typically pay in your experience, or dig deeper by looking up the rates Postmates pays in your market for pickup and dropoff, and how much they pay per mile on delivery and per minute waiting at a restaurant. Or if that’s too messy, you can use our weekly earnings calculator to figure out what your hourly rate was after expenses last week, and then see what blitz multiplier you’d need to get to a pay floor you can accept.