Uber, Lyft Driver Settlements Signal Gig Economy Victories Ahead
With judges poised Thursday to consider settlements that will leave Uber Technologies Inc. and Lyft Inc. drivers as independent contractors, two of the biggest names in the on-demand economy will avoid policy changes that would force them to rethink their business models. Uber and Lyft can also keep using a play borrowed from the traditional economy by requiring drivers to take disputes to private arbitration rather than court.