NYC proposes 5 percent raise for rideshare drivers in a bid to appease Uber and Lyft

New York City's Taxi and Limousine Commission (TLC) has proposed a new minimum wage rule, granting rideshare drivers a five percent raise, aimed at preventing Uber and Lyft from locking drivers out of their apps. This decision comes after months of tension between the companies and the city, with drivers previously facing pay restrictions. While drivers initially sought a 6.1 percent increase, the compromise reflects ongoing negotiations with rideshare companies. Lyft has expressed concerns that this adjusted pay formula may still limit drivers’ earning potential. The TLC's board will soon vote on the proposal, bringing hope for stability to drivers. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: Engadget