Uber, Lyft drivers plan to strike in cities across the US

Daniel Fowler
May 8, 2019

Hundreds of Uber drivers in Britain are to go on strike as part of an worldwide protest against pay and conditions on the eve of the ride-hailing app's stock market flotation.

"Don't use Uber, don't use Lyft", the New York Taxi Workers Alliance tweeted.

Mounting debt from taxi loans was a key concern. Both firms are working on "last mile" transport services including electric bikes and scooters, and both are investing in autonomous driving technology.

In San Diego and Los Angeles, drivers are slated to cease working for 24 hours.

That could suggest Uber scaled back promotions, which could slow growth while making it easier to turn a profit, said Tom White senior research analyst D.A. Davidson.

Uber has acknowledged the risk of unhappiness among its drivers.

"In particular, as we aim to reduce Driver incentives to improve our financial performance, we expect Driver dissatisfaction will generally increase", Uber explained.

Uber now operates in 40 Indian cities and the country accounts for an estimated 11 percent of its global rides.

"This is an act of solidarity with drivers across the country, and really across the world, who are suffering with poverty wages", said NYTWA executive director Bhairavi Desai. Grab does not operate taxis in India.

Iran sets 60-day nuclear countdown unless Europe delivers trade
However, Rouhani warned of a "strong reaction" if European leaders instead sought to impose more sanctions on Iran via the U.N. Iran sent letters on Wednesday on its decision to the leaders of Britain , China , the European Union , France and Germany .

One person who won't be toasting Uber's debut on the public markets is Muhamed Ali, a 48-year-old Londoner who has worked for Uber for the past four years.

To date, ride share companies have operated at a loss, with Uber reporting $1 billion in losses following 2019's first quarter. Sitting and smiling with their families in a large hall with chandeliers, some of the drivers receive prizes such as an Apple iPhone, holiday package and a auto.

In statements to Fast Company, both Lyft and Uber said that their drivers earn over $20 per hour. It's possible you could be looking at surge pricing and longer wait times all day long. Sonam Lama, a long-time Uber driver comments: "The gig economy is all about exploiting workers by taking away our rights".

The New York drivers' demands include greater job security, higher incomes and regulated fare for rides.

In general though, workers are protesting blockbuster paydays for high-level executives while driver pay continues to get slashed.

A Lyft representative said drivers' hourly earnings have increased in the last two years.

"Uber continues to invest heavily in the well being of drivers and their families", the spokesman said, adding it was helping them access life and health insurance, as well as loans.

Waymo's corporate parent, Alphabet Inc., is in line to be among the biggest winners in Uber's IPO just as it was in the Lyft IPO.

Outside of the United States, drivers across Australia and the United Kingdom say they'll be joining in with the Thursday shut down as well. Uber, for instance, has around 12,000 employees, but over 2 million people are registered as drivers on the platform. A driver in New Delhi showed his Uber app that said he had received an $84 (roughly Rs. 5,800) reward, while another in the city, Arvind Kumar, received $165 (roughly Rs. 11,500). "Its top five executives made $143 million a year ago".

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