Lyft says drivers will receive at least 70% of rider payments

Feb 7, 2024 | Canyon Crest Guide Newspaper | 0 comments

Lyft says drivers will receive at least 70% of rider payments



SEO Content Writing Service

Uber & Lyft will pay millions to drivers in New York to settle wage dispute

Newspaper Ads Canyon Crest CACanyon Crest Guide Newspaper Ad

Uber & Lyft will pay millions to drivers in New York to settle wage dispute

00:24

Lyft has promised its drivers will receive at least 70% of the money their clients pay to ride with them, part of the rideshare company’s efforts to boost pay transparency amid long-running criticisms about its driver compensation. 

The rideshare company is pledging to pay its lower-earning drivers the difference between their take-home pay (after insurance and taxes) and 70% of their clients’ fares each week, Lyft said Tuesday in a statement. 

Lyft and other gig-economy companies have faced years of battles over their compensation practices and their treatment of workers, who are generally considered contractors. According to the Washington Center for Equitable Growth, independent contractors typically don’t qualify for employer-provided dental and health insurance and are paid less than full-time employees. 

Rideshare drivers have also complained about low pay and unsafe work conditions, among other issues. 

On Tuesday, Lyft said its drivers on average earn about 88% of rider payments, after taxes and other fees. But it noted that about 15 in 100 drivers earned less than 70% of their riders’ payments, after fees, on a weekly basis last year.

Under Lyft’s new benefit package, riders will be able to access a breakdown of how they are paid out for their completed rides, in addition to being able to earn extra money for accepting scheduled pick-ups. The company will also offer an extra $100 for drivers who complete 50 rides with an electric vehicle within a week between February 12 and July 1. 

“We’ve heard lots of feedback around consistent themes — earnings, deactivations and safety — and we’re taking action to address them,” Lyft CEO David Risher said in a statement to CBS MoneyWatch. 

Lyft and Uber drivers have long fought to gain recognition as full-time workers, despite several courts siding against their efforts. Last month, however, the Biden administration passed a new rule narrowing the criteria for classifying workers as independent contractors, which could boost labor organizers’ fight to secure more benefits for rideshare drivers. 




Anxiety Stress Management

Live a Life of Contentment eBook We all want to be satisfied, even though we know some people who will never be that way, and others who see satisfaction as a foreign emotion that they can’t hope to ever feel.

Newspaper Ads Canyon Crest CA

Click To See Full Page Ads

Click To See Half Page Ads

Click To See Quarter Page Ads

Click To See Business Card Size Ads

If you have questions before you order, give me a call @ 951-235-3518 or email @ canyoncrestnewspaper@gmail.com Like us on Facebook Here



Source link

You May Also Like

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Contact Us

Contact Us

Personal Injury Attorney

Websites For Sale Personal Injury Attorneys

Criminal Defense Attorneys

Websites For Sale Criminal Defense Attorney

Bankruptcy Attorneys

Websites For Sale Bankruptcy Attorneys

General Practice Attorneys

Websites For Sale General Practice Attorneys

Family Attorneys

Websites For Sale Family Attorneys

Corporate Attorneys

Websites For Sale Corporate Attorneys

Home Privacy Policy Terms Of Use Anti Spam Policy Contact Us Affiliate Disclosure Amazon Affiliate Disclaimer DMCA Earnings Disclaimer