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- NYC Sets Smaller Driver Pay Raise After Uber, Lyft Resistance
New York City on June 20 announced new minimum-pay rules for rideshare drivers, settling on a smaller-than-proposed 5% increase following pushback from Uber Technologies and Lyft Inc An earlier
- 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 sets smaller driver pay bump after Uber, Lyft pushback
Uber and Lyft had strongly opposed the original rate, warning customers that it would force them to increase prices Lyft’s shares extended declines after Bloomberg reported on the rules, falling as much as 3 3% to hit session lows Uber’s stock, which had been up as much as 2 3% earlier Friday, pared most of its gains on the news
- NYC proposes 5 percent raise for rideshare drivers in a bid . . .
Uber and Lyft have long had a contentious relationship with city and state governments over driver protections In comparison to the passing of Prop 22 in California, which reclassified gig workers as contractors after another law did the opposite, even a diminished minimum wage law in New York is better than nothing
- Uber and Lyft face new NYC driver pay rules with 5% increase
Investing com -- New York City announced new minimum-pay rules for rideshare drivers on Friday, finalizing a 5% increase instead of the initially proposed 6 1% boost after opposition from Uber
- Press Release - TLC - NYC. gov
New York City was the first U S municipality to mandate minimum driver pay, a policy that other cities have since adopted The increase carries no requirement that Uber and Lyft, which determine their own prices, pass on additional costs to passengers
- 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
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