The NYC Taxi and Limousine Commission recently voted to approve minimum wages for drivers of any ride-sharing service, which includes Uber and Lyft. At the end of December 2018, drivers must be paid $17.22 per hour, which includes any expenses they incur. The amount was reported on Tuesday by the Washington Post.
For many drivers, including taxi drivers and limousine drivers, having a set minimum wage has been a worthy fight. They’ve rallied for set wages for many years. Along with such, drivers for Lyft and Uber, the two most prominent ride-sharing services, have claimed that they take cuts out of the driver’s pay. One particular study, funded by the taxi’s commission, found that most drivers only made $11.90 per hour, which is well under the minimum wage for NYC of $15 an hour.
Jason Post, the director of public affairs for Uber, claims that the increased minimum wage and set wage is going to increase ride costs for users and claims that their previous pay scale didn’t take bonuses or other incentives into account. He also worried that higher wages could mean longer wait times for the riders.
What are your thoughts on minimum wage for rideshare drivers? Do you think it is going to help the industry thrive or kill it where it stands? Let us know in the comments below.