UBER, LYFT RIDES IN NYC COULD COST MORE
The New York City Taxi and Limousine Commission’s passage of a minimum wage for drivers of ride-hailing services such as Uber and Lyft could raise rates for some passengers. The new rules, the first citywide regulations in the nation, were passed Tuesday and are expected to go into effect in midJanuary. They would give drivers for services such as Uber and Lyft a minimum hourly wage of $17.22 after expenses, the commission says. About 96 percent of the city’s 80,000 drivers who work for ride-sharing services would get a raise, the commission estimated. Uber and Lyft issued statements in support of a living wage for drivers, but said the new rules could also drive up prices for passengers.