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submitted 7 months ago by cyu@sh.itjust.works to c/unions@lemmy.ml
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[-] honey_im_meat_grinding@lemmy.blahaj.zone 22 points 7 months ago* (last edited 7 months ago)

Now they can set up a worker cooperative instead.

The Drivers Cooperative or Co-Op Ride is an American ridesharing company and mobile app that is a workers cooperative, owned collectively by the drivers.

The cooperative is owned by the drivers themselves, and takes 15% from each ride for business overhead costs, as opposed to the 25% to 40% ride hail apps like Uber or Lyft take per ride.

In addition to a larger percentage of the fees per ride driven, each driver as a part-owner will also receive a share of the company's profits after loans and other expenses are paid, in the form of weighted dividends.

The cooperative vets its owner-members further than what is already performed by the New York City TLC and gives a fixed price when a car is ordered and does not engage in surge pricing. [...] In 2021 that is $1.26 per mile which Uber and Lyft do not pay above; the cooperative pays a minimum mileage of $1.64. The cooperative intends to be able to set aside 10% of profits to community foundations and other non-profits and community organizations.

https://en.wikipedia.org/wiki/The_Drivers_Cooperative

this post was submitted on 16 Mar 2024
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