# Professor Aswath Damodaran explains how worker unions will impact Uber and Lyft

1 Faculty News December 18, 2015 ![International Business Times logo](/sites/default/files/styles/246w/public/assets/images/con_031078.jpg?itok=fjxsC0VP)>

Excerpt from [International Business Times](http://www.ibtimes.com/why-uber-lyft-driver-union-push-could-disrupt-gig-economy-2232778) -- "[Aswath Damodaran](http://www.stern.nyu.edu/faculty/bio/aswath-damodaran) is a professor at the Stern School of Business at New York University who focuses on corporate finance and valuation. He says unions will affect the cost structures of Uber and Lyft 'by making the independent contractor model that they are wedded to even less defensible than it is.' He also says they are likely to shake up the current revenue-sharing balance: The companies take in roughly 20 percent commission on each fare."

[Read more](http://www.ibtimes.com/why-uber-lyft-driver-union-push-could-disrupt-gig-economy-2232778)