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Uber's Path to Profitability: What Has Jim Cramer Concerned

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Following a court loss in the United Kingdom, Uber  (UBER)  said that it will begin to treat its drivers in the U.K. as full-time employees who are entitled to minimum wage and pension benefits among other rights.

Per the company, U.K. drivers will receive an earnings guarantee as well as holiday pay and pensions. The changes will go into effect on Wednesday for the more than 70,000 drivers across the country.

TheStreet's Tom Bemis noted that drivers will receive at least £8.72 ($12) per hour. The company claims that “On average, drivers earn £17 ($23.50)per hour in London and £14 ($19.30) in the rest of the UK on the same basis when driving on Uber.”

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