9:56:11 PM PST - Tuesday, December 6th, 2022

Uber, Lyft to pay NYC drivers more by end of year  

By Editor - Tue Nov 15, 3:58 pm

  • Comments Off on Uber, Lyft to pay NYC drivers more by end of year

Uber and Lyft will have to increase the minimum pay rates for drivers in New York City by the end of the year, Engadget reports . The fare increase comes amid a driver shortage post-pandemic, in large part due to rising operational costs. The city’s Taxi and Limousine Commission (TLC) voted to increase the per-minute rates of ride-hail drivers by 7.42% and per-mile rates by 23.93%. Yellow and green cab rates will also increase by 23% by the end of this year. The commission is hoping that increasing the pay rates will attract more taxis and drivers to the roads in order to serve increasing passenger demand. “Raising taxi fare rates and minimum pay for high-volume drivers is the right thing to do for our city,” said TLC commissioner David Do in a statement. “This is the first taxi fare increase in ten years, and these raises will help offset increased operating expenses and the cost of living for TLC-licensed drivers.” Per the new rates, a sample trip of 30 minutes that goes 7.5 miles will require a minimum driver pay of $27.15, which is up $4 from original rates and more than $2.50 from the current rates, according to the TLC

The rest is here:

Uber, Lyft to pay NYC drivers more by end of year

  • Comments Off on Uber, Lyft to pay NYC drivers more by end of year

Leave a Reply

Comments are closed on this post.