Uber And Lyft Strike: How Will It Affect Passengers?

As Uber and Lyft (LYFT) begin their strike on Wednesday, passengers in a number of major cities may have difficulty securing a ride with the two ridesharing companies. The strike by both Uber and Lyft drivers is part of an effort to receive better wages, benefits, and additional workplace protections. The news of drivers striking comes just before Uber launches its IPO, which is slated for this week.

While a number of major cities will be affected by the strike, passengers in Los Angeles, Boston, and San Diego will feel the biggest pinch as drivers stay off the road for a full 24 hours, Money reported. Both Georgia and San Francisco will see a 12-hour strike while cities like New York City will be amiss during the rush hour, the news outlet said.

Even cities such as Chicago, Philadelphia, and Washington D.C. will see Uber and Lyft drivers striking as a number of protests and rallies are scheduled in these areas, Money said. The U.K. may also have drivers off the clock as they reportedly show solidarity with U.S. Uber and Lyft drivers

Uber and Lyft passengers may also experience higher priced rides in other cities if they are able to secure a ride in the city where they live. The increased price rate will be driven by the higher demand for drivers than would typically occur.

Through the strike, drivers are hoping that Uber and Lyft will increase their wages, provide retirement benefits and health insurance and offer policies that help to protect drivers. Uber and Lyft drivers are considered independent contractors, which does not allow for overtime pay or minimum wages.

Shares of Lyft stock were down 3.15 percent as of 10:24 a.m. ET on Wednesday.