Uber and Lyft will pay a combined $328 million to settle claims by New York's attorney general that the ride-sharing companies systematically cheated drivers out of pay and benefits.

Under the settlements, drivers outside New York City (OP note: in New York state, I assume) will receive a minimum $26 per hour during rides and for sick leave, adjusted annually for inflation.

  • Pickle_Jr@lemmy.dbzer0.com
    10·
    1 year ago

    Is this an actual punishment or a slap on the wrist? I can’t seem to tell anymore because initially I think, “wow, that’s a lot of money.” But then I am reminded of how much money some of these companies are hoarding.

    • matter@lemmy.world
      71·
      1 year ago

      It’s a settlement. The amount of money is not that small, but it ends the investigation into whether drivers should be classified as employees rather than contractors. As the article states, their stock prices soared after this, that tells you everything you need to know.

    • quindraco@lemm.ee
      41·
      1 year ago

      The article covers this.

      The payments equal a little under 1% of Uber’s and Lyft’s annual revenue.