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Uber and Lyft can pay drivers more without raising rates for riders, report says – Source CNET Tech


Angela Lang/CNET

In 2018, New York became the first city in the US to require Uber and Lyft to pay their drivers a minimum wage. After studying the effects of the mandate, economists released a report Tuesday that says the policy ended up raising driver pay without significant fare increases going to riders.

When regulators first suggested implementing the pay rules, Uber and Lyft pushed back against the city, saying such a move would “lead to higher than necessary fare increases for riders.” But the findings from the report Tuesday, titled New York City’s Gig Driver Pay…

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Source CNET Tech

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