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America February 10, 2024 3 mins read

Lyft Announces Pay Increases, Bonuses to Attract More Drivers to Rideshare App

America ı By Gabrielle Seunagal

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USA Herald

Earlier this week, rideshare company Lyft made waves amid its new partnership with the Department of Homeland Security (DHS). During tomorrow's Super Bowl, all Lyft drivers will receive in-app alerts of a tutorial that informs them of steps they can take to recognize and safely report human trafficking.

DHS Secretary Alejandro Mayorkas believes this initiative is one of numerous actions that society must take to combat the buying and selling of human beings. Mayorkas also informed the public that Lyft and DHS teaming up in this manner will save lives.

As it turns out, Lyft is also employing further initiatives that involve motorists. Days ago, the rideshare company announced all of its drivers will receive base payments - with the potential for more bonuses - on a weekly basis.

What to know about new changes coming to Lyft

In 2023, both Lyft and Uber faced allegations of withholding earnings from their drivers and denying New York motorists sick pay. As a result, both rideshare giants consented to disburse a settlement of $328 million. However, Uber is much bigger than Lyft, meaning Uber can recover from setbacks more easily.

Without drivers, neither app has the capacity to function. It's for this reason that Lyft promised all of its motorists will take home at least 70% of rider fares. This policy change materialized after some Lyft drivers alleged they were earning considerably less than what riders paid for their trips.

The rideshare company isn't stopping with 70% base pay, though. In the spirit of getting even more drivers on the app, Lyft also committed to bonuses for motorists who accept scheduled rides and have to wait longer times for passengers.

Drivers, from February 12 to July 1, will furthermore be eligible for $100 bonuses if they give at least 50 rides in electric vehicles within seven-day periods.

David Risher, the CEO of Lyft, is admittedly confident that these new measures will inspire more people to drive for the company and collectively elevate the rideshare industry.

Lyft's new investments could pay off

In the current economy, Americans are eagerly seeking out ways to make ends meet and bring in extra income. This is especially crucial for workers who've recently been laid off, had their hours cut, or are otherwise struggling to stretch their dollars until the next payday.

All things considered, Lyft's promises of new bonuses and salary increases could prove to be the lifeline that countless workers have been waiting for.

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Gabrielle Seunagal

Gabrielle Seunagal is a full-time freelance writer, editor, and voice actor, who worked with USA Herald from June 2017 to November 2024. She is passionate about fitness, travel, and combating human rights abuses like human trafficking and child marriage.

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