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 proposes 5 percent raise for rideshare drivers in a bid . . . Bloomberg writes that the TLC initially proposed a 6 1 percent raise in an attempt to disincentivize Uber and Lyft from locking drivers out 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
NYC Sets Smaller Driver Pay Bump After Uber, Lyft Pushback . . . New York City on Friday announced new minimum-pay rules for rideshare drivers, settling on a smaller-than-proposed 5% increase following pushback from Uber Technologies and Lyft From a report: An earlier proposal called for a 6 1% pay boost The finalized regulations from the city's Taxi and Limousine Commission, or TLC, are also designed to
NYC Drivers Get Pay Boost: Uber Lyft Respond to New Wage . . . Discover how NYC's recent modest pay increase for drivers is creating waves amidst Uber and Lyft's pushback Explore the implications for drivers, ride-sharing companies, and the future of urban transportation in our in-depth analysis
Mayor Adams Secures Agreement With Uber, Lyft to put Money . . . 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 The Adams administration also successfully secured pay increases for Uber and Lyft drivers in March 2023 and February 2024
Statement from NYC Comptroller Lander on Taxi and Limousine . . . New York, NY — Following the New York City's Taxi and Limousine Commission's (TLC) announcement on new minimum-pay rules for ride-share drivers, New York City Comptroller Brad Lander released the following statement: “This new rule would provide higher pay and protections against lockouts for Uber and Lyft drivers who’ve been constantly denied rights