Uber and Lyft Cease Operations in Minneapolis Rideshare Market Shift
Rideshare Giants Exit City Amidst Council’s Minimum Wage Mandate Uber Technologies and Lyft have announced they will cease operations in Minneapolis from May 1, responding to the city council’s decision to enforce a minimum wage for rideshare drivers. Overriding Mayor Jacob Frey’s veto with a 10-3 vote, the council mandates a minimum wage of $15.57 per hour for drivers. Expressing disappointment, Uber criticized the council’s move, highlighting potential job losses for around 10,000 people and the inconvenience it poses to many residents. Meanwhile, Lyft, labeling the bill as “deeply-flawed,” expressed hope for a comeback while advocating for a statewide resolution in Minnesota. The decision follows a Valentine’s Day protest earlier this year by rideshare and delivery drivers demanding better pay and working conditions. In a separate development, the New York Attorney General’s office announced a substantial settlement, with Uber agreeing to pay $290 million and Lyft $38 million to resolve a significant wage theft investigation. A recent study by the Minnesota state’s Department of Labor and Industry, published last week, indicates that potential price increases by the companies are unlikely to significantly affect consumer demand or commissions. This study casts doubt on fears of a substantial impact on the market due to increased wages for drivers. TRENDING All Posts Music Video Trending Ariana Grande Unveils “We can’t be friends” | Official Video March 15, 2024/Read More Tank – Before We Get Started (feat. Fabolous) [Official Music Video] March 14, 2024/Read More Elaine E’ssential Drops Healing Video & Single: ‘Be OK’ March 8, 2024/Read More Mary J. Blige – Gone Forever (Official Music Video) ft. Remy Ma, DJ Khaled March 8, 2024/Read More Busta Rhymes, Cool & Dre – OK (Official Music Video) ft. Young Thug March 6, 2024/Read More Miley Cyrus and Pharrell Williams Drop Collaborative Music Video March 1, 2024/Read More Jennifer Lopez – Rebound (Official Music Video) February 28, 2024/Read More Sarah Geronimo & Billy Crawford Drop ‘My Mind’ Official Video February 22, 2024/Read More Load More End of Content. LATEST NEWS All Posts Latest News Interview Featured Ariana Grande Unveils “We can’t be friends” | Official Video March 15, 2024/Read More Tank – Before We Get Started (feat. Fabolous) [Official Music Video] March 14, 2024/Read More The Strangers: Chapter 1′ | Official Trailer March 13, 2024/Read More House Moves to Ban TikTok in Lightning-Speed Legislation March 12, 2024/Read More Oscars 2024 Winners: “Oppenheimer” Reigns Supreme March 11, 2024/Read More Elaine E’ssential Drops Healing Video & Single: ‘Be OK’ March 8, 2024/Read More Mary J. Blige – Gone Forever (Official Music Video) ft. Remy Ma, DJ Khaled March 8, 2024/Read More The Watchers | Official Teaser Trailer March 7, 2024/Read More Load More End of Content. Join Our VIP List Subscribe To AO Don’t miss out on all the exciting news and updates, subscribe now!