Ride-Hailing Drivers Are on Strike

Uber and Lyft drivers across the globe are planning a walk out Wednesday to protest working conditions and wages, the Washington Post reports. The drivers are joining picket lines in front of city halls and airports in New York, Chicago, San Francisco, and other cities. 

The strike, planned ahead of Uber's Friday initial public offering (IPO), is being backed by the New York Taxi Workers Alliance. The union is calling for better job security, a minimum wage, and a guaranteed commission cap that would ensure drivers receive 80%-85% of a fare.

Uber's IPO is expected to generate $9 billion.