Uber and Lyft's Million Dollar Lockout Loophole

Natalie Lung, Bloomberg Tech Reporter joins Bloomberg Intelligence to discuss the Big Take's recent story on how NYC's unique pay formula created an incentive for Uber and Lyft to prevent drivers from logging on, even during periods of high demand.
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[joegug]

These companies feel labor laws don’t apply to them. They are awful, here in California on Friday they we’re sending me trips that were the equivalent of 10.00 an hour before expenses.

[Diego.p]

My whole life I have always gotten a pay raise year after year. Uber and Lyft are the only jobs where every new year the driver's pay goes down and the cost to the driver goes up. Before I would work 8 hours in Boston to make $300. Now I have to work 12 hours to make $250 and $300 on a really good day.

[raul]

I quit ! Lyft after 4 years 2 cars gone
-$80k on 2 new cars

I am in more debt

Now I’m working 2 jobs earning more and not destroying my used car

[ayoitztribu]

I been an uber driver since 2016 and the minimal for a ride was 3.71 now almost 10 years latter and 3.71 is still the minimum I receive for a ride.

[Beanoverlord]

She’s proud of the work they did you can tell. Good on her and the team they great job on this.

[brkitdwn]

This pertains to NYC. That should have been referenced, based on NYC requirements for drivers. Drivers are to be paid a certain amount of money if they are online a certain amount of time, even if they are not taking rides. This is happening due to Uber and Lyft's onboarding new drivers without limits.

[تحيافلسطين-ثص]

Great 👍 Natalie and her colleagues were amazing and have made great efforts to expose uner and Lyft Conspiracy.

[donaldwilliams]

Oh....Ub's also ride blocks, ride restricts, ride delay driver requests

[seadweller]

These two are the absolute lowest and most unethical companies on the planet.

[godfrey_kayanja]

If it’s harmful it’s human rights abuse and they all need to be investigated and taken to jail. The government officials are doing nothing and will do nothing about this because they’re paid by uber and lyft, they benefit from these kind of practices. Rideshare companies make a lot of money from drivers and riders but most of it goes to politicians. How do you think they have been able to get away with such illegal practices for a long time?

[jacindjosahdner]

There is so much more that is going on and I have reached out with my issues and yet nothing is being done

[BHANTODD_PODCAST]

Uber and lyft lying the driver and stealing the money, rider pay 50 doller driver make 20 doller

[gbz-ninjaz]

Want you as w2 employee but dont want you to get paid.

[VentNation]

I wish someone would expose how Lyft is stealing driver tips & stealing from riders using temporary authorization tactics

[debbiemorell]

My rides have drastically dropped in last month, especially with Uber

[ramos]

Im locked out in Middletown Connecticut past week. Zero acceptance rate.

[Eljoseonuncapara]

They are abusing us the minimum pay for rides under 10 mins is 5.47

[JM-evij]

Therefore its shady drivers just clocking in online (bc by law in NYC they get paid by just clocking in) not doing anything effecting drivers trying to.

[charlieg]

Uber takes 60-70% of whatever the total cost the rider pays. So, if they pay 100 the driver only keeps 40-30. Another issue is the hacking that happens at airports.

[Jbig]

The main issue is they need to show the drivers the full fares that customers pay and the full tip. Cause uber could be skimming the tips before giving it to drivers