Uber, Lyft Agree to $32.50 Minimum Wage for Massachusetts Drivers

MT Newswires Live06-28

Massachusetts said Friday that it has reached a $175 million settlement and secured a pay raise for drivers to resolve a years-long case against Uber (UBER) and (LYFT) for alleged violations of labor laws.

The two companies must pay drivers a minimum of $32.50 per hour and grant them several benefits and protections, including paid sick leave, occupational accident insurance, pooled access to health insurance, and health care stipends, a statement said.

Attorney General Andrea Joy Campbell's office said "a substantial majority" of the $148 million paid by Uber and $27 million paid by Lyft will be distributed to current and former drivers as restitution.

The settlement also halts the companies' effort to place a ballot initiative in 2024 to bar a minimum wage for their drivers.

Uber and Lyft did not immediately reply to MT Newswires' requests for comment. In separate statements published by The New York Times, both companies praised the settlement as a win for drivers.

Price: 70.49, Change: +0.15, Percent Change: +0.21

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2446757474?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-06-28 18:16","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2446757474","market":"sg","top_or_hot":-1,"title":"Uber, Lyft Agree to $32.50 Minimum Wage for Massachusetts Drivers","media":"MT Newswires Live","content":"<html><body><p> Massachusetts said Friday that it has reached a $175 million settlement and secured a pay raise for drivers to resolve a years-long case against Uber (UBER) and (LYFT) for alleged violations of labor laws.</p><p>The two companies must pay drivers a minimum of $32.50 per hour and grant them several benefits and protections, including paid sick leave, occupational accident insurance, pooled access to health insurance, and health care stipends, a statement said.</p><p>Attorney General Andrea Joy Campbell's office said \"a substantial majority\" of the $148 million paid by Uber and $27 million paid by Lyft will be distributed to current and former drivers as restitution.</p><p>The settlement also halts the companies' effort to place a ballot initiative in 2024 to bar a minimum wage for their drivers.</p><p>Uber and Lyft did not immediately reply to MT Newswires' requests for comment. In separate statements published by The New York Times, both companies praised the settlement as a win for drivers.</p><p>Price: 70.49, Change: +0.15, Percent Change: +0.21</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber, Lyft Agree to $32.50 Minimum Wage for Massachusetts Drivers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber, Lyft Agree to $32.50 Minimum Wage for Massachusetts Drivers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-28 18:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Massachusetts said Friday that it has reached a $175 million settlement and secured a pay raise for drivers to resolve a years-long case against Uber (UBER) and (LYFT) for alleged violations of labor ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0082616367.USD","symbol_name":"摩根大通美国科技A（dist）","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2446757474","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2446757474","pubTimestamp":1719569811,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Massachusetts said Friday that it has reached a $175 million settlement and secured a pay raise for drivers to resolve a years-long case against Uber  and  for alleged violations of labor laws.The two companies must pay drivers a minimum of $32.50 per hour and grant them several benefits and protections, including paid sick leave, occupational accident insurance, pooled access to health insurance, and health care stipends, a statement said.Attorney General Andrea Joy Campbell's office said \"a substantial majority\" of the $148 million paid by Uber and $27 million paid by Lyft will be distributed to current and former drivers as restitution.The settlement also halts the companies' effort to place a ballot initiative in 2024 to bar a minimum wage for their drivers.Uber and Lyft did not immediately reply to MT Newswires' requests for comment. In separate statements published by The New York Times, both companies praised the settlement as a win for drivers.Price: 70.49, Change: +0.15, Perce","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0082616367.USD":"摩根大通美国科技A（dist）","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4550":"红杉资本持仓","BK4588":"碎股","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LYFT":"Lyft, Inc.","BK4503":"景林资产持仓","BK4231":"零售房地产信托","BK4551":"寇图资本持仓","BK4022":"陆运","BK4230":"旅客陆运","UBER":"优步","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","BK4505":"高瓴资本持仓","BK4535":"淡马锡持仓","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","SG9999015978.USD":"利安颠覆性创新基金A","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","BK4548":"巴美列捷福持仓","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","SG9999014906.USD":"大华全球优质成长基金Acc USD","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","BK4080":"零售业房地产投资信托","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","BK4585":"ETF&股票定投概念","ADC":"艾格里房产","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","BK4536":"外卖概念","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H"},"translate_title":"Uber和Lyft同意麻萨诸塞州司机最低工资32.50美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UBER":1,"ADC":1,"LYFT":1},"content_text":"Massachusetts said Friday that it has reached a $175 million settlement and secured a pay raise for drivers to resolve a years-long case against Uber (UBER) and (LYFT) for alleged violations of labor laws.The two companies must pay drivers a minimum of $32.50 per hour and grant them several benefits and protections, including paid sick leave, occupational accident insurance, pooled access to health insurance, and health care stipends, a statement said.Attorney General Andrea Joy Campbell's office said \"a substantial majority\" of the $148 million paid by Uber and $27 million paid by Lyft will be distributed to current and former drivers as restitution.The settlement also halts the companies' effort to place a ballot initiative in 2024 to bar a minimum wage for their drivers.Uber and Lyft did not immediately reply to MT Newswires' requests for comment. In separate statements published by The New York Times, both companies praised the settlement as a win for drivers.Price: 70.49, Change: +0.15, Percent Change: +0.21","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2446757474"}