Uber and Lyft may be ready for a few prime prime IPOs, but that doesn't mean it's all smooth to sail for the unicorn. New study of the amount they pay their drivers threatens to overshadow public listing due to a backlash from drivers seeking to unite.
Uber Slashes Bonus Payment, Drivers Feel the Pain
There is a minimum wage now in New York ($ 17 after Uber and Lift driver expenses) and it seems that this momentum is now at get around the US. The biggest fear is that both companies will cut driver wages to try to shed their bottom line for media flash ahead of their IPOs.
We hear contrasting things about driving uber in particular. There are stories like this that show a driver using the platform to make the bank's executive money, but more and more about how the wage is cut. It seems that the latest changes made to the driver's bonus structure make life difficult.