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Are Uber and Lyft drivers eligible for PPP?
Uber, Lyft, Doordash, and other app-based drivers are among those “businesses” that are eligible to receive the PPP loan. As independent contractors for these companies, you are essentially self-employed and the IRS Form 1040 Schedule C that you file for taxes verifies that.
Can a non-compete prevent you from working in the same industry?
Well, if you are fortunate enough to be employed in California, the answer is NO, your current employer cannot stop you from going to work for a competitor. Although non-compete agreements are unenforceable in California, confidentiality agreements are enforceable.
Do Uber drivers compete with each other?
They are directly competing with each other, and with traditional taxi and car services for both customers and drivers. With competition from other ride-sharing services and the continuous hiring of new drivers, average earnings are being pushed downward.
Can Uber drivers get SBA?
Uber drivers qualify Small Business Association (SBA) loans. The advent of Uber has made decent-paying work accessible to many who might otherwise struggle to find a job.
Why is there a shortage of Lyft drivers?
The main reason is a shortage of drivers. In early July 2021, Uber and Lyft drivers were about 40\% below capacity. Lyft has a long list of incentives and bonuses for drivers. But for those who are still relying on ride-sharing platforms to make a living, the companies are not offering enough.
Can Uber drivers get Eidl grant?
“The EIDL program is for emergency working capital needs for all eligible entities, including independent contractors such as Uber and Lyft drivers,” Clements, the SBA spokeswoman, said.
Can you drive for Uber and Lyft at the same time?
Yes, drivers can work for both apps at the same time. Drivers cannot pick-up multiple passengers at the same time, but they can switch between Uber and Lyft. Drivers who work for both apps can make more money by locating the closest pick-up locations and by capitalizing on Surge and Prime Time pricing.
How do Uber and Lyft compete on pricing?
Uber and Lyft compete heavily on pricing, attempting to lure customers away from each other by constantly undercutting on price. However, when we take a more in-depth look, we find that for the most part, the companies charge about the same rates, although prices can vary from city to city.
Are Uber and Lyft drivers still holding out for stimulus packages?
Uber and Lyft have put millions into these efforts, but some former drivers aren’t even looking at these stimulus packages or trying to get in on surge pricing. A large percentage who are still holding out. “Drivers are in a low-key strike,” Nicole Moore, a volunteer organizer with Rideshare Drivers United, told CNBC.
What are some of the controversies faced by Lyft?
Lyft has so far managed to avoid many of the controversies faced by fellow ride service Uber. Perhaps this is partially due to the company’s smaller size and limited operation sphere. However, in 2017, a New York labor group accused Lyft of wage theft.