How Uber and Lyft Drove Through a Multimillion-Dollar Loophole 

An infant started these company that's why they never foresaw this 😂😂😂😂

that's totally correct. they could've even forsee this when the TLC imposed the FHV plate cap that stop drivers from getting more cars registered to work for any rideshare company.

Agreed! Blame greed

They where both doing it to folks lil buddy.. It was a no win.. Don't ever believe your smarter than all them drivers😂that would be a mistake..

It was supposed to be a complimentary, occasional, travel same way ride sharing carpooling thing and I am still, even if I appreciated the convenience of this model now more, fundamentally still should be that I am with you and against regulation as they tend to always overdo it

Perfectly put

NYC government forced them to do it

Companies want employees without classing them as employees

Shut up you little snitch drivers or whoever they should get paid fair and square,what Uber spends on drivers to be on road it’s their car their resource from a to z they do a job get a share and that share needs to be fair what part of it you don’t understand ? Flexibility is more for Uber than for the drivers

I agree one hundred percent , but this isn’t putting blame on Uber and Lyft, it’s showing the hardship the drivers went through.

100% right!!

@CasaManNL absolutely blames Uber & lyft because they are liars and manipulate the system and faking the data not pay the drivers according to TLC ,so offer and demand or supply that you mentioned it's wrong in this case and the case here is to follow the rules and regulations not to lie or scare drivers or using a advantage of a loopholes ,that's scams. I think you are not a driver so you don't understand the problem.

Get a life man who you fooling,what’s with supply and demand when Uber keeping 50 percent plus and using dirty tactics to manipulate drivers

Tell them to give us a contract, and weird will be over ....

Then bad drivers will cry discrimination.

the problem will be that there wont be enough drivers at certain times since there arent set hours and schedule.

The problem is this is bad for business. Uber and Lyft will be at a disadvantage compared to taxis in terms of price

wrong, uber and lyft are trying to maximize shareholder returns that's their board's fiduciary duty. they do that by taking a given trip and minimizing driver pay and maximizing passenger revenue - they can call added fees and all these other inputs on their basic math whatever they want, but this is fact. what you suggest will do nothing to ensure drivers make a living wage or that you pay less. c'mon dandiel, be smarter than that. smh

Wasent the problem that they have to pay pepole even when there are noone to drive?

But a think that was sparsely said in this video was that also Uber/Lyft applied the lockouts even when there was a surge of demand from the consumers, so it could get even more money from both sides: Because there are few cars available the surge price is greater, and because of the lockout it allowed the cars only when needed so it could increase the utilization rate as much as possible. While Uber/Lyft had their own share of problems, they have also created many problems for others.

Correct AV will take over and I have an exit plan for the drivers of the world , ppl weren’t meant to sit all day, definitely not on batteries from EV’s. The city wants to go full electric by 2030 , if I get heard I can have the drivers exited by that time.

Are you serious, imagine with lockouts how much they have charged the customers with surge price. The consumer should sue them for created higher prices situations and charging them more.

U need grammarly son

@@rorycalhoun1126 YES SIR!!!

Uber will never hire drivers because of having to finance the vehicle and maintenance because that's where all the expenses lie

Excessive greed did this*

​@@mind-of-neoThe driver's greed or uber's greed

That is correct, and I am a big proponent of AV. That being said in the interim we do want ppl to have less heartache and my exit plan for the drivers of this world is a vital part of humanity I think someone who has some power should ask me about, I would love to give a Ted talk if anyone is listening, Elon Musk please reach out I have a brilliant plan!

Your timeline is far too optimistic

@@AVRides sooner hopefully 🤞🏻

​@@ezraginsberg 🤡

🤡 after 10 year you look at the mirror and you will see this 🤡 🤣🤣🤣

Rideshare needs FHV plates , similar to medallions , we are under the TLC (taxi limousine commission) and are considered car service and our base is Uber.

cause, unlike yellow taxi, Uber/Lyft doesn't hail passengers. Meaning to say there's a pre arrangement before picking up passengers, they can not pick random passengers in the street like yellow taxis do.

Agree outside of nyc but in NYC there is a lot of overhead investment costs being a FHV driver, that being said it’s not really optimal doing it just part time as the overhead would make it unworth it. Also on your second point, no one ever said they aren’t allowed to my lock out passengers , but just reporting what happened and how drivers were strung along , being fired is transparent and micro fired is an odd thing. Trust me no one wants this to be happening, it’s definitely in Ubers best interest to keep their drivers happy, less turn around is the best thing and happy drivers makes the platform work. Unfortunately if Uber is forced to raise the base card and pay drivers more then that means higher fares and will lower the demand so that not what anyone wants either , this industry will be taken over by AV as it should and my exit plan for drivers in the world is waiting for Elon Musk to talk to me about it 😊

Why do people like you try and diminish how someone chooses to earn a honest wage

being a taxi driver was a normal full time job, why would uber be a side gig only thing?

@@clean280 For some reason we have people who would never do a specific job try and determine what someone else should make to do the job. The corporate bootlickin is pathetic lol

@@xFinesser23xno I’m not diminishing what people want to do for an honest days work, I am pro AV because I want to save over 40,000 lives a year from dying and countless other preventable injuries. Humans are human and being behind the wheel of a three thousand lb missile is not a great option. We live in a digital age and by not allowing progress and allowing AV we are KILLING and HURTING so many ppl. I love to drive and have a plan where everyone is a winner but it’s a long discussion and would love to be heard. 😊

wait until you hear about pilots 😂

Because they do. They have millions (possibly billions) of dollars and drivers worked super hard to get them there

Because you've been indoctrinated and conditioned from birth by the capitalism ideology. That's why it's difficult for you reason through the concept.

Remember contracts are a 2 way street.

@@uromvictor yeah, but not to give someone one is a one way street, called Uber.

@@uromvictor can you explain that comment?

i guess i'm even older. i still prefer public transit by a huge margin.

I guess I’m the oldest.. I still prefer horses, by a huge margin.

it did well explaining it under 10 minutes, considering the numbers of factors like explaining Utilization Rate, Uber/lyft surplus number of drivers and the impact that has cause.

Because New York City is also trying to satisfy the passengers paying a fare price and tourist love rideshare and blocking rideshare would be bad for the city. We want to give everyone what and that can happen. The government getting involved is not what you want. I would go the opposite way and keep government out of things it doesn’t need to be involved in.

​@@ezraginsbergIt doesn't matter if the government steps in. Uber as a company is just not profitable. The plan was to breeze through until it reaches a virtual monopoly. You either have to pay drivers pennies, charge riders significantly more, or both. All roads lead to exploitation, no pun intended.

Actually it was never supposed to be a gig at all, just for ppl to grab some extra gas money by taking a neighbor to work who is heading in that direction… but since the platform is so awesome it became a job for many

You are 100 percent right, and I have an exit plan for drivers, I would like to implement and “badge” system where drivers can get lifted out of the seats literally and figuratively. There are many things robots can’t do yet and drivers can take courses via the Uber app to train them in different types of job and once accredited they will be able to take on bigger roles outside of being a “tool” helping old ppl into the car and out, learning how to deliver blood, medical stuff, tour guides of specific areas, tree cutters, the list goes on and on and on, giving the hard dedicated responsible drivers the opportunity to have opportunities outside of just driving. The badges might need the driver to go to a physical class or online class, may require aptitude test to get so for different badges they will require different lesson. Ultimately creating a university opportunity to help the gig worker grow in life. Even if there are robotaxi , there will still be a need for human drivers for sometime, this time we should focus on the exit plan….

What are you talking about?!? Maybe you are talking about food Delivery, but to drive humans in NYC which this is about, you have to be licensed and TLC licensed. We get drug tested every year, constant background checks, not to mention if we get pulled over by ANY authorities like MTA , NYPD ,TLC and DOT we agreed to wave our rights and they can search our car and we can not refuse drug and alcohol tests. Also we are randomly made to take selfies via the app to prove we are driving and not someone else, also passengers have a photo of us on their app and if we look different there’s about to be a load of trouble . It’s a huge penalty to allow anyone to use your TLC license and trust there are no illegals driving rideshare in NYC. That being said if you go fishing and the line breaks you lose a fish you don’t stop becoming fisherman. You just work on being a better fisherman. Uber has back up plans when people cancel trips that you get a cancellation fee. If you started driving after two minutes there are many things that what you are saying obviously shows that you don’t drive for Uber and Lyft at least not in New York City and don’t know how it works, please you should ask questions from a humble standpoint if you don’t know and definitely don’t put blame on anyone (maybe you are talking about delivery) especially Bloomberg reporting this story

@@ezraginsberg He’s actually right. I did Lyft until it got oversaturated with drivers, mostly foreigners. Go the and airport waiting lot and see for yourself

@@xFinesser23x foreigners are not illegals , does NO one understand that , 🤦‍♂️

@@xFinesser23x while you're entitled to your own opinion, however misinformed, it's sad to see you blaming your fellow drivers. if you don't realize that in this game it's uber and lyft doing their best to maximize shareholder returns by maxing rider revenue and minimizing driver comp, i don't know you're a reasonable American. Cities are mostly (in the case of nyc) incompetent buffons making minor benefits for driver and/or riders while the companies try to blame them for any price hikes or reductions in driver pay. don't fall for it. see through the math. read the companies' 10-Q and 8-K reports.

Wow you sound so righteous. Mister big money 💰

Uber was first to market for rideshare and because of that they are (deservingly) the king of the jungle with the most passengers and the most drivers and because that is true it will always be the best platform in the industry

People need to understand this *is* a real job, just like any other gig work is. It may not be like a traditional job, but it is not up to you to define. Drivers work, they get paid. The contract is agreed to electronically.

@@markturner8597I agree what does “not a real job” even mean? Sitting in a fancy building and going to a meeting once a day , yeah okay , I’m sure that makes ppl feel tons of purpose , spare me the insults, I’ve been working since I was 14 and being a rideshare driver has brought me tons of purpose and happiness just like all the jobs I’ve had where I got things done. Not trying to knock anyone else just please don’t judge hard workers. Besides we are all brothers and sisters so we should all have each others back , I do agree that robots would do a better job at driving and will take over that’s why I would love to be heard about my exit plan for drivers 😊

Had some money , bought a little , hard times made me sell it , wish I could’ve held on to it, it’s a GREAT investment like I always said, (long term)

Forced gratuity? That’s ridiculous, same as raising the fare, which is what this whole utilization rate is about , the more supply the higher the base rate card is = higher fares the more demand the lower the base rate is = lower fares. They didn’t explain it the right way , it’s showing Uber and Lyft have to pay when drivers wait. No on is paying us to wait , just they raise the rates and we make more when giving a ride. Happy to clear up any confusion 😊

See my previous reply’s, no this was an honest documentary about how the “little” guy , the drivers, had to be part of a bigger fight and the only one to blame is the city who broke their cap on the FHV plates which wasn’t part of the agreement uber made with them. When AV takes over things will be better for everyone, period.

lol. masterxenophobe's pipe dream so far. but hey maybe if you buy enough blackwell processors and have access to the right datasets...

100 percent agree with you. Minimum wage hurts way more than it helps. It blocks entry level jobs and makes companies use robots. There is supply and demand and that’s how true value is made. No one in this country of capitalism is ever putting a gun to anyone’s head forcing them to agree to work for them, period.

No that’s corporate greed disguised as capitalism

@@xFinesser23x cooperate greed?? Uber lost billions for nine years until it just now made profit and helps millions make money and get around for a fare share , there is no “greed” this is business 101

@@ezraginsberg Another corporate bootlicker

minimum wage zero - only true if in that given jurisdiction there is no safety net for the unemployed worker (eg through unemployment insurance in many parts of the US and even better protections in other developed countries). And, in the US anyways, companies like uber and lyft have tried very hard to NOT pay into that social safety net by convincing everyone, shareholders, passengers, drivers, and city/county/state governments (in the US) that drivers should remain contractors for whom no contribution is made to social safety net and no payout is made when they don't have rides. and yet, the platforms do not allow drivers to control what they charge for rides. drivers may simply accept or decline ads. plenty of experiments now show that multiple drivers, under as identical circumstances as possible, are offered very different pay for EXACTLY the same ride. do you consider that fair when drivers have no insight into how much other driers are making on the exact same ride? and when passengers complain about surge fares or "surcharges" the companies claim "it's just demand" or "too few drivers" or "it's the city's fault for adding new regulation." It's all about driving shareholder value. A fully, and unregulated capitalistic system will not constrain what businesses can do to maximize shareholder return. Is that in the best interest of your society? Redo your math.

😂😂😂