NYC proposes 5 percent raise for rideshare drivers in a bid to appease . . . The proposal would adjust how driver pay is calculated, in exchange for an upfront raise and a guarantee that drivers are warned before they lose access to a rideshare app Settling on a five percent raise and a commitment to not raise wages yearly and instead based "changing industry dynamics," is a further capitulation
New York City sets minimum pay for rideshare drivers - MSN New York City drivers for Uber (NYSE:UBER) and Lyft (NASDAQ:LYFT) will get a minimum pay hike of 5% under a new set of rules established by the city’s Taxi and Limousine Commission (“TLC”)
NYC Drivers Get Pay Boost: Uber Lyft Respond to New Wage Increase A recent publication by Bloomberg reveals that New York City has introduced new minimum pay regulations for rideshare drivers, opting for a modest increase of just 5% rather of the initially proposed 6 1% This decision came after significant pushback from major players like Uber and Lyft
Uber and Lyft Found a Loophole to Pay NYC Drivers Less - Jacobin Uber and Lyft have found a new way to evade a New York City law guaranteeing rideshare drivers a minimum wage Since June, drivers say they’ve been arbitrarily locked out of apps when they want to work — setting the companies up to save hundreds of millions
Mayor Adams Secures Agreement With Uber, Lyft to put Money . . . - NYC. gov Shortly after Mayor Adams assumed office, the administration launched the Medallion Relief Program Plus, which has provided $468 million in debt relief for over 2,000 medallion owners In order to secure a pay increase for taxi drivers, in late 2022, the TLC passed the first taxi meter fare increase in 10 years