New York City’s pay formula created a perverse incentive for Uber and Lyft to prevent drivers from logging on, even during periods of high demand. The practice has been more pervasive, widespread and financially damaging for drivers than previously understood.
Read more?
How Uber and Lyft Used a Loophole to Deny NYC Drivers Millions in Pay
https://www.bloomberg.com/graphics/2024-uber-lyft-nyc-drivers-pay-lockouts/?utm_medium=social&utm_source=youtube&utm_campaign=originals&utm_content=article
--------
Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1
Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals
Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it.
Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.
Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.