Lyft Announces New Pay Standards for Drivers

In a bid to enhance transparency and fairness, Lyft has introduced a minimum pay standard, guaranteeing drivers at least 70% of rider payments each week.

Lyft commits to paying drivers at least 70% of rider payments each week, addressing long-standing concerns over pay transparency.
The new pay standard is part of Lyft's efforts to improve conditions for its drivers and compete more effectively with Uber.
Drivers will now have access to detailed breakdowns of their earnings, including the share of rider payments and external fees.
Lyft's initiative includes incentives for drivers using electric vehicles and mechanisms for appealing deactivations.
The move aims to attract more drivers to the platform and strengthen the ride-hailing sector amid economic challenges.