Lyft says drivers will receive at least 70% of rider payments

Lyft has promised its drivers will receive at least 70% of the money their clients pay to ride with them, part of the rideshare company's efforts to boost pay transparency amid long-running criticisms about its driver compensation. 

The rideshare company is pledging to pay its lower-earning drivers the difference between their take-home pay (after insurance and taxes) and 70% of their clients' fares each week, Lyft said Tuesday in a statement. 

Lyft and other gig-economy companies have faced years of battles over their compensation practices and their treatment of workers, who are generally considered contractors. According to the Washington Center for Equitable Growth, independent contractors typically don't qualify for employer-provided dental and health insurance and are paid less than full-time employees.