Uber has proposed a new minimum wage for drivers after years of protests, but it comes with a catch (UBER, LYFT)

Uber Lyft drivers protest San Francisco Justin Sullivan/Getty Images

Uber has offered a $21 minimum wage for drivers as it fights against a California bill that could devastate its business.
But there's a catch: the wage floor would only apply while drivers are on a ride, which is less than half of their time.
Assembly Bill 5 as it's currently drafted could classify drivers as employees — not contractors — meaning Uber and Lyft would be required to provide certain protections like overtime and collective bargaining rights.
Uber and Lyft say they're not opposed to these benefits, but note that many drivers could lose the flexibility they value in working for the platforms.
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As a California bill that could devastate Uber and Lyft's businesses inches toward becoming law, the ride-hailing companies are ramping up lobbying efforts to destroy it once again.

In an email to drivers and riders in the state on Wednesday, Uber laid out its own proposals to give drivers the benefits and protections they've been asking — and demonstrating and striking — for over recent years:

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