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 deter Uber and Lyft from locking gig workers out of their apps in an attempt to keep costs down. The board of commissioners will vote on the rules on June 25, according to the agency's website.

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.

monsters

[ihavesaxwithcollies]

Why do those monsters need more money? What do they actually do really? I'm talking about the employees, of course. We have to look out for our corporate masters. If they want more profits, we just say, "how much more do you want, master?"

The best government money can buy.

[dgatwood]

The purpose of a minimum wage is to guarantee a certain standard of living by forcing companies to pay more than they want to pay for labor. As soon as you water down such a law in response to "pushback" from giant corporations, you have failed to do your jobs. Everyone involved in that decision should be looking for a new one. Remember, those delivery drivers vote.

Re:

[registrations_suck]

SOME of the delivery drivers vote.

Only about 66% of eligible voters bothered to vote in 2020. My GUESS is that the percentage of delivery drivers that vote is probably less than that. Maybe a lot less. Figure maybe 30-50%, at best. Just my random opinion.

Re:

[dgatwood]

SOME of the delivery drivers vote.

Only about 66% of eligible voters bothered to vote in 2020. My GUESS is that the percentage of delivery drivers that vote is probably less than that. Maybe a lot less. Figure maybe 30-50%, at best. Just my random opinion.

Well, that's true for everyone. The point is that all it takes is the right person pushing the right buttons and making them see that their elected officials are bought and paid for by big business, and a whole lot more of them will vote.

"Rideshare"

[Rei]

Remember back in the early days when they were pretending that they weren't an illegal taxi service, but rather were just normal people "sharing a ride" to where they wanted to go anyway, and so called it "rideshare" to avoid prosecution?

Pepperidge Farm remembers.

States bribe corporations

[NotEmmanuelGoldstein]

This is why federal government should be limited to the cost of social security trustee, DoJ, military, research, disaster relief, national infrastructure and agricultural subsidies. Anything more, is states giving money to the corporations and the federal government compensating employees for the lost wages.