Lyft to ensure drivers receive baseline percentage of rider fares

Lyft is ensuring that its drivers, who have complained about pay transparency, will earn at least 70% of rider fares each week and will know exactly the breakdown of where the rider's fare goes. As part of its 2024 release, the ride-share company announced on Tuesday that its new standard ensures drivers will earn a minimum of 70% of rider fares each week after external fees, such as local taxes and government-mandated insurance, get taken out.In 2023, drivers earned on average 88% of rider fares each week. ...