Uber and Lyft pay $32.50 hourly for Massachusetts drivers

Big Win for Uber and Lyft Drivers in Massachusetts A new deal will see #Uber and #Lyft drivers in Massachusetts get paid $32.50 per hour and suites of protection and benefits. For every 30 hours worked, drivers will earn an hour of sick payday. The drivers can earn up to a maximum of 40 hours per year and will also receive a stipend to buy into the state’s family and medical leave program. Drivers working for either or both companies for more than 15 hours per week will be able to earn a health insurance stipend to pay for a plan on the Massachusetts Health Connector. Under this deal, drivers are eligible for up to a million for occupational accident insurance for any work-related injuries. The deal bars the companies from any type of discrimination towards the drivers. The companies are also required to provide in-app chat in different languages and provide the drivers with information before they accept a ride. Read more about employee benefits from companies that affect you, your work, and your wallet. Subscribe to our newsletter today. ➡ https://lnkd.in/dafFeA7G. #WorkersRights #ShareScoops #Wages

In a world where most people have [need] side hustles, everyone should be paying attention to the legal battles between state governments and rideshare companies. This will shape the future of work in the digital age, especially as federal government agencies lose more influence over worker protections. Each state brings its own approach. Some of these new hybrid structures provide conditional employee-like benefits for independent contractors working employee-like hours. Some are leaving workers in the dust. If you do any independent contract work, make a little money on the internet, or own a small business, you need to be watching how this plays out.

Because when you try to cram a different set of rules where they are not desired by the employees, you are saying to those employees "The government knows best. Not you." Gig jobs provide a flexibility (at a cost) that a standard 9-5 with health insurance does not. If you eliminate gig jobs (or any other contracting job for that matter) you are often destroying opportunity for those who require that flexibility. Not every job needs to be a government or union backed job.

So, taxi company drivers are employees, and taxi company expenses are built into cab fees. Why should Uber and Lyft be different? These are not technology companies as are argued. I don't agree that these 2 companies should provide their "drivers" benefits like health insurance nor should the "drivers" be allowed to unionize (that's what employees do BTW). They want to have their cake and eat it too. Not only in MA but in other States the discussion is escalating. I don't understand why legitimate businesses (taxi companies) are not compared more with these "technology" companies. Maybe the playing field should be leveled. https://lnkd.in/eCqGTfjt

Uber and Lyft have agreed to a $32.50 hourly minimum pay for Massachusetts drivers and will pay $175 million to settle a lawsuit alleging they misclassified drivers as independent contractors. The companies will also provide paid sick leave, accident insurance, and healthcare stipends. Uber will pay $148 million and Lyft $27 million, with at least $140 million going to drivers. This settlement comes as Massachusetts' top court allowed a ballot measure on driver classification to proceed. Attorney General Andrea Joy Campbell praised the agreement, highlighting the need for driver benefits and fair pay, while Uber and Lyft emphasized driver flexibility. #BVCSHOP #CSE#stablecoin #blockchainventurecapitalinc #VeritasMedia #BVCShop #ShopBVC #BlockchainShopping #BVCI #LatestTrends #HighQuality #UnbeatablePrices #FastShipping #OneStopShop #FashionDeals #ElectronicsSale #HomeGoods #ExclusiveDeals #ShopNow #OnlineShopping #Uber #Lyft #Massachusetts #GigEconomy #WorkerRights #MinimumWage #LaborLaw #IndependentContractors #Settlement #DriverBenefits Check out my blog post https://wix.to/2ip9KH6

Welcome to Massachusetts where we shovel snow to make room for more snow. It's also where Uber and Lyft drivers will earn a minimum of $32.50 an hour and receive employment benefits under a settlement with the state. While the new pay scale is important, this decision has the potential to establish a national benchmark, guiding other states as they grapple with the classification of independent contractors within their own legal frameworks. Are they or aren't they? The gig economy has certainly had its ups and downs with the status of independent contractors seemingly changing as often as what lawmakers have for breakfast. The Uber-Lyft settlement with Massachusetts, however, may finally put that issue to rest. Drivers there will remain classified as independent contractors, but will now receive health insurance stipends, paid sick time and accident insurance. The hemming and hawing can stop now. The settlement is seen as a win by both ride-hailing companies and many drivers, preserving the flexibility of the independent contractor model that underpins the companies' business model and is valued by many drivers. Of course, when all is said and done, it may be riders who wind up flipping the bill. Uber has already said it may raise prices, but it's important to note that ride-sharing companies have already been implementing gradual price hikes over the past year. The full impact of these rising fares on ridership and driver availability remains to be seen https://lnkd.in/ghEUz3CY #uber #lyft #massachusetts #gigeconomy #work #independentcontractor #wages #rideshare

🚗 🤑 Is this kind of compromise the way forward for the gig economy? Increases the price tag of employing independent contractors but increases benefits for the workers while maintaining some protection for employers. "Among the benefits that the state won for its gig workers were a health insurance plan for drivers working at least 15 hours a week, expanded accident insurance and a minimum pay rate of $32.50 per hour for time spent on a ride." #employmentlaw #HRadvice #Uber #Lyft #settlement #Massachusetts #independentcontractors #employeeclassification #litigation #gigwork

🚗 Rideshare Drivers: Higher Costs, Greater Challenges 🚗 A recent article by Insurify highlighted a significant issue #rideshare drivers face: skyrocketing insurance costs. According to Insurify's data - * Rideshare drivers pay an annual average of *$2,859* for full-coverage insurance—*$300 more than non-rideshare drivers*. * Shockingly, 26% of surveyed drivers *don’t disclose* their rideshare activity to their insurance companies, risking policy cancellation. At VOOM Insurance we understand the financial strain on rideshare drivers. That’s why we’ve developed VOOM & Drive, a tailored insurance policy that allows drivers to pay less and get more, effectively covering those critical coverage gaps. 💡 How VOOM Helps: * Pay less with Usage-Based Pricing: Pay mainly for personal mileage, since your miles driven for rideshare are already covered by the Uber/Lyft. * Get more with by avoiding gaps in coverage: VOOM bridges the gap between the rideshare platform high deductibles to your much lower VOOM policy deducible offering a seamless and affordable solution. With rising insurance and maintenance costs, rideshare drivers need smarter solutions now more than ever. VOOM is currently available in AZ, NV, CO, TN, MN, GA, and MD, with more states coming soon! https://lnkd.in/dkYvTBjb #RideshareInsurance #GigEconomy #InsurTech #Innovation #VOOM #InsuranceSavings #RideshareDrivers Harry Campbell Tod Kiryazov Elizabeth Stella Shawn Powers Snejina Zacharia Tyler MacLennan Cassie S. Tanveen Vohra

Rideshare drivers? Here's a must-read. Check out how VOOM Insurance's mission aligns with and solves the significant challenges facing Uber and Lyft drivers today, especially the soaring auto insurance rates, as reflected in the recent Insurify rideshare trends report #Rideshare #Uber #Lyft #Insurance #VOOMInsurance #InsurTech #Innovation #AutoInsurance, The Rideshare Guy, Harry Campbell, Levi Spires, John Manall ,Gridwise

The Hidden Costs of Driving for Lyft and Uber: Why It’s Not Sustainable The rise of rideshare platforms like Lyft and Uber has transformed urban transportation, offering convenience to riders and flexible income opportunities to drivers. However, behind the glossy marketing campaigns and promises of economic empowerment lies a less discussed reality: driving for these platforms is often unsustainable in the long run, both for the drivers and the environment. 1. Economic Unsustainability A Race to the Bottom While rideshare companies initially lured drivers with lucrative earnings, over time, these payouts have significantly decreased. Drivers often earn only a fraction of the fare paid by passengers, with the companies retaining 20-50% of each ride. Additionally, incentives and bonuses are inconsistent, making it difficult for drivers to rely on stable earnings. Hidden Costs Driving for Lyft or Uber isn’t just about earning per ride; it also involves substantial expenses. Drivers are responsible for: Vehicle maintenance: Increased mileage leads to faster wear and tear. Fuel costs: Rising gas prices further eat into earnings. Insurance premiums: Rideshare drivers often need specialized insurance, which is more expensive than standard policies. Depreciation: High mileage depreciates the car’s resale value rapidly. After accounting for these expenses, drivers often earn less than minimum wage, especially during off-peak hours or in less busy areas. Lack of Benefits Unlike traditional employees, rideshare drivers are classified as independent contractors. This means no access to health insurance, paid time off, or retirement benefits. This precarious status leaves drivers financially vulnerable, particularly during emergencies or economic downturns.