Monday, May 13, 2019

Eyeing IPO riches, Uber drivers go on strike in UK, US in NEW YORK

https://www.technologymagan.com/2019/05/eyeing-ipo-riches-uber-drivers-go-on-strike-in-uk-us-in-newyork.html

(TechnologyMagan) - Eyeing IPO riches, Uber drivers go on strike in UK, US in NEW YORK.
New York's Uber drivers began a day of strike on Wednesday, which is to oppose the inequality among gig-economy situations and the amount that investors are likely to get started in Friday's Blockbuster Stock Market.

Drivers and regulators around the world have criticized the trading strategy of Uber Technologies Inc. for a long time, and the valuation of $ 90 billion in its initial public offering on Friday is proving to be the latest flashpoint.
Unions in the UK said that the support of the strike was strong, home-based drivers and travelers used the #UberShutDown hashtag to take a resolution of solidarity on social media. Uber App indicated that there was more rent due to the rush of morning rush in London.

Britain's opposition Labor Party leader Jeremy Corbin said, "Stand today with these workers in Britain and around the world."
Before joining counterparts in New York, Chicago, Los Angeles, San Francisco and other major cities, drivers in London were due to close the app between 7 am and 4 pm according to local time.

There are 3 million drivers at Uber's global level, and it is not clear if the action will be very slow, though organizers have received wide publicity.
Chief Executive Officer Dara Khosrshahi, has been hired to help the company to move ahead with a series of scams and manage IPOs, she promises to behave better with the drivers. For example, Uber is paying $ 300 million in one-time bonuses to more than one million drivers, and it has changed policies such as allowing riders to tip.

The company said, "Is it able to track your earnings or strong insurance security, we will continue to improve the experience and work with the drivers."
Under pressure

Uber tried to force it faster, and mostly successfully, to treat the drivers as employees, arguing that its main business is a platform that brings riders and drivers together. Now, the company losing money is pressured to cut costs.

James Ferrer, chairman of United Private Private Directors of the United Kingdom, demanding the 'Digital Picket Line', said, "It is the driver who made this extraordinary property, but they have been deprived of even the most basic workplace rights.
Many drivers want better payments from Uber rival Lyft Inc.

Uber's driver and striking Syed Ali, member of the striking NYC Workers Alliance, said in a statement: "I am striking because Uber has repeatedly broke his promises to the drivers." 'They have grown up and have become rich and wealthy, but I have not grown up with the company. As a Uber driver my condition has worsened worse. '
It was not clear how many drivers were participating in American attacks. US representatives for Uber and Lyft did not respond immediately to the call on Wednesday morning.

Uber and Lift have cut back on encouragement and bonuses in more established markets to attract new drivers. They have also prepared more complex formulas to determine what riders pay, and what the drivers earn.
Both companies have recently reduced the earnings of per-mile-rate drivers in Los Angeles and San Francisco, and some drivers have estimated a loss of 10 percent to 20 percent in earnings. Lyft said that its hourly wages have increased in the last two years and the average is more than $ 20 per hour.

The company and its critics are divided on how much the drivers can make. Categorized as independent contractors, they do not have to pay sick and holiday days and they should pay their own expenses, such as car maintenance and gasoline.
Uber mentioned that a recent study, which included present and former Uber employees in the authors, showed that the gross earnings of the driver were an average of $ 21 per hour. But a study of the left-leaning Washington think tank calculated the Economic Policy Institute that after the cost, recovering drivers earned $ 9.21 per hour.
Disqus Comments