This new rule will go into effect in 20 days, and will require drivers to be paid at least $26.51 an hour which translates to $17.22 after expenses. According to a study from TLC, most drivers currently earn around $11.90 an hour. This change increases the yearly earnings of drivers by $9,000.
The New York City Taxi and Limousine Commission voted on Tuesday to set a minimum pay rate for drivers who work for app-based companies like Uber and Lyft. This new rule will go into effect in 20 days, and it will require drivers to be paid at least $27.86 an hour, which translates to $17.22 after expenses. According to a study from TLC, most drivers currently earn around $11.90 an hour. This change increases the yearly earnings of drivers by $9,000.
Uber “supports efforts to ensure that full-time drivers in NYC — whether driving with taxi, limo or Uber — are able to make a living wage, without harming outer borough riders who have been ignored by yellow taxi and underserved by mass transit,” a spokesperson added. Lyft voiced similar sentiments as Uber, saying, “These rules would be a step backward for New Yorkers, and we urge the TLC to reconsider them.” Via, which already pays drivers a higher-than-minimum wage, supported the move.
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