NYC Sets Smaller Driver Pay Bump After Uber, Lyft Pushback (bloomberg.com)
(Friday June 20, 2025 @05:50PM (msmash)
from the greater-good dept.)
- Reference: 0178121237
- News link: https://news.slashdot.org/story/25/06/20/1944212/nyc-sets-smaller-driver-pay-bump-after-uber-lyft-pushback
- Source link: https://www.bloomberg.com/news/articles/2025-06-20/nyc-settles-on-smaller-driver-pay-bump-after-uber-lyft-pushback
New York City on Friday announced new [1]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.
[1] https://www.bloomberg.com/news/articles/2025-06-20/nyc-settles-on-smaller-driver-pay-bump-after-uber-lyft-pushback
> 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.
[1] https://www.bloomberg.com/news/articles/2025-06-20/nyc-settles-on-smaller-driver-pay-bump-after-uber-lyft-pushback
The best government money can buy. (Score:2)
by dgatwood ( 11270 )
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.
monsters (Score:2)
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?"