Uber is dropping rates for drivers down from 80 cents/mile to 60 cents/mile

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On Monday, hundreds of Uber and Lyft drivers in Los Angeles, San Francisco, and San Diego went on strike. While many of the people who are actually classified as employees at the two companies will become millionaires overnight (and some workers who have been driving for a long time will be able to buy small amounts of stock), the drivers complain their wages have been cut and that they’re not making a living wage ahead of the IPOs. Last week in the Los Angeles area, Uber reduced what it pays drivers per mile by 25 percent, slashing the rate from 80 cents per mile to 60 cents.

Source: slate.com