• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Monday, July 14, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Uber and Lyft see price hikes as drivers refuse to return

by Manasi Varma
July 10, 2021
in Business, News, Tech
Reading Time: 2 mins read
0
Uber and Lyft see price hikes as drivers refuse to return
TwitterWhatsappLinkedin

Ride-hailing platforms Uber and Lyft are two of the most popular in the world. But as it seems, the two services have been hiking their prices slowly but surely, becoming more expensive than they were, just a while ago, before the pandemic. And now, a report by Vice aims to draw conclusions towards this trend, by trying to compile the loads of “commentary” which have been put forth to provide an explanation. The most popular line of thought claims that a “shortage of labour” is the chief reason behind rocketing prices.

You might also like

SpaceX Injects $2 Billion Into Elon Musk’s AI Startup xAI Amid Broader $5 Billion Funding Push

Trump Threatens 30% Tariffs on EU and Mexico, Escalating Trade Disputes Ahead of August Deadline

Nissan and Honda May Join Hands in the U.S. – A Fresh Strategy to Tackle Tough Times

And what causes the shortage of labour, you ask? There’s an explanation for that too, as it looks as if their is a drought of appropriate financial incentives.

Cash Bonuses In, But What About Rights?

Uber and Lyft
Image Credits: Uber

These platforms have been offering cash bonuses to drivers to lure them back in. Uber, for example, had set aside $250 million, exclusively as “Driver Stimulus”. But at the same time, it has also been called out for neglecting the rights of its cabbies, and news has it that it may, in fact, be planning to take back some features and perks that it had rolled out to please courts in California. As such, does it really come as a surprise that drivers were not particularly amused at what seem like the company’s half-hearted efforts to keep them with itself. It is also believed that the bonuses being offered were not at par with the relative risk of getting infected with with COVID.

Another belief that some hold true claims that the higher prices of getting a ride through Uber and Lyft are most likely because amid the pandemic, subsidies on rides which kept fares low, are being rolled back in, which can act as quite a big turn off for riders as ride fares soar.

Poor Working Conditions

However, that’s not all. Drivers have even alleged that working conditions at these firms are not good, and that they are often forced to keep working without having time to take meals or sleep, which takes a toll on their body.

Another thing that convinced many drivers to leave (or got them fired), was the “lockouts”, which started in 2019, and were used by Uber and Lyft as a means to fire “tens of thousands of drivers”. Meanwhile, many drivers also claim that they were not provided with adequate protection from COVID infections, and neither were they eligible for financial aid in the face of infections. Sick leaves were introduced fairly late into the pandemic (only in March this year), and even then, with guidelines changing so frequently, they have been no more than a mirage.

Tags: Lyftuber
Tweet54SendShare15
Previous Post

How to hide apps on an iPhone

Next Post

Microsoft Corp. employees to get $1500 pandmeic bonus

Manasi Varma

A 20-something year old with a flair for writing, a love for reading, and an obsession for KPop. Most amicable person you'll ever meet.

Recommended For You

SpaceX Injects $2 Billion Into Elon Musk’s AI Startup xAI Amid Broader $5 Billion Funding Push

by Harikrishnan A
July 14, 2025
0
Elon Musk Threatens “Thermonuclear Lawsuit” Against Media Watchdog Amid Ad Exodus on X

Elon Musk's artificial intelligence company, xAI, has received a significant financial boost with SpaceX contributing $2 billion as part of a larger $5 billion funding round, according to...

Read more

Trump Threatens 30% Tariffs on EU and Mexico, Escalating Trade Disputes Ahead of August Deadline

by Harikrishnan A
July 14, 2025
0
Trump Campaign Confirms Security Breach Amid Concerns of Foreign Interference

President Donald Trump is once again shaking up global trade by threatening to impose a 30% tariff on imports from two of the United States’ closest trading partners:...

Read more

Nissan and Honda May Join Hands in the U.S. – A Fresh Strategy to Tackle Tough Times

by Samir Gautam
July 13, 2025
0
Nissan May Build Honda Trucks in U.S. Amid Struggles

In a surprising yet strategic turn, Nissan and Honda,  two of Japan’s biggest carmakers,  are reportedly in talks for a collaboration that could see Nissan building vehicles for...

Read more
Next Post
Microsoft Corp. employees to get $1500 pandmeic bonus

Microsoft Corp. employees to get $1500 pandmeic bonus

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?