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NYC proposes 5 percent raise for rideshare drivers in a bid to appease Uber and Lyft
New York City is proposing a new five percent raise for rideshare drivers in the hopes of disincentivizing Uber and Lyft from blocking drivers from using their apps.
The proposal needs to be voted on by the TLC's board of commissioners before it goes into effect, but assuming it does, it'll end months of uncertainty for drivers working in the city. Bloomberg writes that the TLC initially proposed a 6.1 percent raise in an attempt to disincentivize Uber and Lyft from locking drivers out. The company told Bloomberg that, "while these changes are a step in the right direction, we still have concerns that the underlying pay formula will still deprive drivers of earning opportunities, drive up prices for riders and reduce ride availability."
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