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Photo: ROBYN BECK/AFP via Getty Images

Uber, Lyft and other gig companies are rolling out guaranteed minimum earnings and injury protection, the first of the new worker benefits that they promised in connection with a ballot measure that ensures they don't have to make their drivers employees.

Why it matters: The companies presented these provisions of the ballot proposition — Prop 22, which California voters passed last month — as a compromise between treating drivers as independent contractors and treating them like employees.

Details:

  • Minimum earnings: Drivers will now earn at least 20% above the minimum wage in the city where they're driving, plus $0.30 per mile for expense.
  • Health insurance stipend: Starting Jan. 1, drivers who work at least 15 hours per week will be eligible for a stipend to help cover the premium on their individually purchased insurance plans.
  • Injury protection: Drivers will now be covered under company-provided injury protection for certain accidents that happen while they're on the job.
  • Customer fees: Uber is adding a fee (ranging from $0.99 to $2.00 on delivery, and $0.30 to $1.50 on rides) and DoorDash is considering increasing its service fees, while Lyft says it's not making changes at this time. Postmates and Instacart did not provide Axios with a response.

Be smart: While this is more than the drivers have gotten before, they're not what employees are entitled to by law, including a range of employment rights beyond financial benefits.

Go deeper: Deep Dive — The gig economy in 2020

Editor's note: The story has been updated with information about the impact on customer fees.

Go deeper

Scoop: Chime's fee income

Illustration: Aïda Amer/Axios

Chime, a fast-growing online bank most recently valued at $14.5 billion, derives about 21% of its revenue from fees its customers pay for using out-of-network ATMs, according to financial data obtained by Axios.

Why it matters: Banking alternatives like Chime aggressively market themselves to consumers who have been burned too often by bank fees. Chime claims it has "no hidden bank fees," while Varo advertises itself as "online banking with no fees."

Updated 11 hours ago - Sports

The potential GOAT of chess faces intriguing challenger

Illustration: Sarah Grillo/Axios

The World Chess Championship between Norway's Magnus Carlsen and Russia's Ian Nepomniachtchi began on Friday, 1,094 days after Carlsen won his fourth consecutive title.

Why it matters: During the long, COVID-fueled layoff, chess entered a new era, and with the championship finally here, the age-old game is ready for its close-up.

Department of Interior proposes raising cost of drilling on public lands

A horizontal drilling rig and a pump jack sit on federal land in Lea County, New Mexico. Photo: Callaghan O'Hare/Bloomberg via Getty Images

Oil and gas companies should pay more to drill on federal lands and waters, the Department of the Interior argued in a report released Friday, saying that the current rates were "outdated."

Driving the news: The Department of Interior report said that the federal government's oil and gas leasing and permitting program "fails to provide a fair return to taxpayers, even before factoring in the resulting climate-related costs that must be borne by taxpayers."