Today, Uberannounced that its investing $250 millioninto a driver stimulus package to allegedly boost driver earnings.
The extra money will serve to incentivize new and existing drivers to accept more rides.
As the coronavirus pandemic hit, Uber use fell through the floor, and many drivers left the platform.
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Now that people are using the platform again, drivers are earning more than they did in pre-corona years.
The stimulus package will serve to place a few extra cherries on top of this pay bump.
However, asReuterspoints out, the uptick in earnings wont last forever.
Over time, Uber says, earnings will return to normal.
It would have forced the gig-economy firms to pay their drivers various benefits and securities.
With that in mind, Ubers $250 million stimulus package seems like a bold move.
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Story byMatthew Beedham
Matthew is the editor of SHIFT.
He likes electric cars, and other things with wheels, wings, or hulls.
