Minneapolis has postponed the implementation of its planned minimum wage increase for rideshare drivers following threats from Uber and Lyft to cease operations in the city. The decision to delay the wage hike will provide lawmakers with additional time to negotiate a compromise with the rideshare companies.
Originally scheduled to take effect on May 1, the policy approved by the Minneapolis City Council will require Uber and Lyft to pay their drivers either $1.40 per mile and $0.51 per minute or $5 per ride, ensuring they receive the same hourly wage as the city minimum of $15.57.
In response to the initial announcement, Uber and Lyft expressed concerns over the potential increase in labor costs, warning that it could make rides too expensive for most riders and ultimately lead to decreased earnings for drivers. The companies then threatened to cease its services entirely from the city if the policy were to […]
Read the Whole Article From the Source: thepostmillennial.com
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