As Uber filed its long-awaited IPO with the SEC recently, more than a thousand San Francisco city workers and gig workers protested outside the company's headquarters. The protest called out Uber's business practices of paying drivers poverty wages and minimizing their contribution towards public services.
"Uber announced the beginning of their initial public offering. We know what that means as executives stand to make tens, if not hundreds of millions, on the backs of drivers. We can expect to see rates cut and poverty wages worse than ever before while the rich get richer and Uber makes a killing. We cannot believe the smokescreen of the great tech economy; Uber's IPO is bad for drivers and just as bad for San Francisco residents who are being displaced due to skyrocketing rents."