AP reports from New York that the city’s taxi regulators approved new pay standards for app-based car services Tuesday that they say will raise drivers’ annual earnings by $10,000 a year, making it the first U.S. city to set such minimum pay standards.
The city’s Taxi and Limousine Commission approved the rules that will establish a per-minute and per-mile payment formula for Uber, Lyft, Via and Gett. The formula is supposed to result in drivers earning $17.22 per hour.
New York’s City Council authorized the commission to set pay standards in August at the same time that it approved a cap on new vehicle licenses regarding ride-hail services.
Both yellow cab and ride-hail drivers have complained for years that the rise in app-based cars in New York has driven down pay across the industry, making it impossible for many drivers to earn a living.
Read more at thenationalherald.com
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