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As Lyft becomes a public company, there’s one group of people that faces an uncertain future: its drivers.
Lyft, like Uber, built its business on the backs of drivers. Just this week, as Lyft was on its IPO roadshow, drivers for both Lyft and Uber organized a strike in Los Angeles over recent pay cuts. At the same time, the company is fighting the implementation of first-of-its-kind minimum wage law in New York City — and the debate over the classification of on-demand workers as independent contractors, and what that entitles drivers to, remains a heated issue..But what happens to drivers and their concerns once the companies start feeling pressures from Wall Street to make money? Drivers and analysts tell CNN Business they aren’t so sure things will improve — although the companies would be smart to try..Tim Krueger, who drives for Lyft in Grand Rapids, Michigan, said he believes the company views some of its drivers as “screaming people” to put up with until it can replace them with self-driving cars.
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