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Sent this off to a few friends last night. Maybe everything's already been covered in other threads, as I'm sure it's the hottest topic ever here. But if not, would enjoy hearing everyone's take.
Lyft sent out a memo with some preliminary details about the CARES Act and how it will affect its "workforce" tonight. Maybe I'm looking at this unrealistically, but if I read it right, I'll likely be compensated to sit at home with a paycheck INXS of what I'd make if I continued to dedicate 50-60 hours weekly to its cause.
Here's the statement:
Other drivers who are self-employed, including independent contractors , would be eligible to receive compensation through a new temporary Pandemic Unemployment Assistance program available upon enactment of the legislation through December 31, 2020. Those who are unable or unavailable to work as a direct result of the coronavirus public health emergency may qualify for this assistance. The program would offer up to 39 weeks of benefits - with weekly benefits of at least half the average weekly benefit under regular unemployment insurance plus an additional $600 per week for up to four months.
I'm pulling in about $850 gross per week. Who knows what the net is, but there's significant outlays for gas, car maintenance and vehicle depreciation.
If the unemployment insurance is $200 weekly (it was $300 when Dan's let go of me) and that $600 figure holds up, then there is no reason for me to continue driving for the next four months.
But then again, why would anyone continue driving rideshare? As I see it there are three possibilities:
1.) The rideshare companies will cease to exist unless they dramatically increase compensation to the drivers to forego the benefit package.
2.) The legislation will permit drivers to continue to earn and receive benefits.
3.) In the minimal amount of time that was allowed to draft this bill, congress failed to think through the consequences of protecting the rideshare drivers to the point where they took the money and ran.
I suppose a fourth, mitigating possibility is that anyone who is ineligible for both the unemployment payouts and the compensatory $600 weekly package might fill the breach, and the world will have a whole new colony of ants appearing on their rideshare aps.
And maybe the rideshare companies will get a massive payout to stabilize their businesses if they essentially go dark.
But at first blush, it would appear I've fallen into some very appealing cracks.
Lyft sent out a memo with some preliminary details about the CARES Act and how it will affect its "workforce" tonight. Maybe I'm looking at this unrealistically, but if I read it right, I'll likely be compensated to sit at home with a paycheck INXS of what I'd make if I continued to dedicate 50-60 hours weekly to its cause.
Here's the statement:
Other drivers who are self-employed, including independent contractors , would be eligible to receive compensation through a new temporary Pandemic Unemployment Assistance program available upon enactment of the legislation through December 31, 2020. Those who are unable or unavailable to work as a direct result of the coronavirus public health emergency may qualify for this assistance. The program would offer up to 39 weeks of benefits - with weekly benefits of at least half the average weekly benefit under regular unemployment insurance plus an additional $600 per week for up to four months.
I'm pulling in about $850 gross per week. Who knows what the net is, but there's significant outlays for gas, car maintenance and vehicle depreciation.
If the unemployment insurance is $200 weekly (it was $300 when Dan's let go of me) and that $600 figure holds up, then there is no reason for me to continue driving for the next four months.
But then again, why would anyone continue driving rideshare? As I see it there are three possibilities:
1.) The rideshare companies will cease to exist unless they dramatically increase compensation to the drivers to forego the benefit package.
2.) The legislation will permit drivers to continue to earn and receive benefits.
3.) In the minimal amount of time that was allowed to draft this bill, congress failed to think through the consequences of protecting the rideshare drivers to the point where they took the money and ran.
I suppose a fourth, mitigating possibility is that anyone who is ineligible for both the unemployment payouts and the compensatory $600 weekly package might fill the breach, and the world will have a whole new colony of ants appearing on their rideshare aps.
And maybe the rideshare companies will get a massive payout to stabilize their businesses if they essentially go dark.
But at first blush, it would appear I've fallen into some very appealing cracks.