New York City Cracks Down on Uber and Lyft

Posted by Montu 7:55 AM (CDT)

Thursday August 09, 2018

The NYC City Council passed a bill that requires Uber and Lyft to pay their drivers a minimum wage and placed a one-year moratorium on new for-hire vehicle licenses. The Taxi and Limousine Commission is going to conduct a study over the next year to determine if there should be a limit on the number of for-hire vehicle licenses. They claim they are doing this to fight street congestion, but I suspect it has more to do with the cab companies having politicians in their pockets. What say you, NYC [H] brothers and sisters? Are Uber and Lyft causing too much congestion?

But street congestion is not the only contentious issue here. This year, the question of how much drivers are and should be paid has been vigorously debated. Several academics have attempted to independently verify how much ride-hail drivers actually earn. Uber has quashed estimates that don’t jive with its official research. In the backdrop of all this debate, New York City drivers are suffering financially.