Massachusetts residents on Tuesday voted to give drivers for transportation networks, including Uber (UBER) and Lyft (LYFT), the option to form unions to conduct collective bargaining regarding wages, benefits, and terms and conditions of work, WCVB’s Veronica Haynes reports. Drivers pushed ahead with the ballot question despite a landmark settlement earlier this year guaranteeing that Uber and Lyft drivers will earn a minimum pay standard of $32.50 per hour in Massachusetts, the author notes.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UBER: