- Drivers of ride-hailing services are demanding minimum wage in a petition to New York City.
- The gap between driver pay and customer fare is increasing.
- Uber is burning cash and may not be profitable soon.
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Uber and Lyft drivers are demanding higher pay in New York City
New York City responded to the last such petition, but drivers still don't make minimum wage. Can these new companies pay high rates?
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Uber and Lyft drivers in New York City are demanding higher pay — and they're going straight to the city to get it.
The Independent Driver's Guild (IDG) is petitioning the New York City's Taxi and Limousine Commission (TLC), which implements and enforces New York City transit rules and also regulates the market for yellow cab medallions, "to enact a livable minimum wage for app-based for-hire vehicle drivers." The petition has accrued more than 15,000 supporters.
Ride-hailing companies, most notably Uber and Lyft, have been cutting pay for the last several years, and their drivers have reached their threshold.
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New York City is required to respond to the petition within sixty days.
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