Uber Strike Planed For This Weekend, "Scabs" Could Be Targeted

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Mark Melin
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Updated on

Uber drivers are planning a strike this weekend that will kick off with protests in front of regional offices this Friday at 11:30 AM, with potential retaliation against those “scabs” who operate Uber-affiliated vehicles during the “strike.” The strike action comes as driver groups claim the financial benefits they receive are diminishing as Uber takes an increasing share of the rideshare revenue. Technically only employees can “strike” and Uber drivers are generally independent contractors. Drivers are afraid to speak on social media for fear of retaliation Nearly 1,200 of the estimated 160,000 Uber drivers are expected to participate in a…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

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