The Gig Is Up: Colorado Lawmakers Introduce Bill Regulating Rideshare Companies

  • 📰 denverwestword
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 61%

Business News News

Business Business Latest News,Business Business Headlines

In an attempt to make rideshare costs fair, the bill -- which has the support of the Colorado Independent Drivers Union -- would require that both drivers and riders would get to see the full charges.

, a union of rideshare workers that is lobbying for the legislation.

“We're bringing transparency to these platforms — and just to be clear, that's what they promised us from the beginning,” Vigil said. “The whole point here is for you to run your own work, work off the platform, make informed decisions about what jobs you want to take and which ones you don't want to take. We're building some accountability into that system so that those promises are actually realized.

Those weekly reports would help balance out how much money the companies take, the drivers theorize, with Colorado Independent Drivers United calling for companies to take a maximum of 25 percent of each trip. Lyft also provides a weekly pay summary of its earnings and how much riders paid. The company says it has no set take rate because of incentives and tips that contribute to driver pay and prefers its weekly pay summary to the idea of showing pay breakdowns for each ride. Its summary doesn't attach amounts paid to specific rides, but shows that information in aggregate because driver pay is decoupled from rider pay.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 315. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How analysts are playing gig economy stocks ahead of earningsBernstein, Jeffries and SVB SVB MoffettNathanson analysts share how they are playing Uber, Lyft and DoorDash. Gig economy is a house of cards Burst
Source: CNBC - 🏆 12. / 72 Read more »