UBER, LYFT RIDES IN NYC COULD COST MORE

USA TODAY US Edition - - MONEY -

The New York City Taxi and Li­mou­sine Com­mis­sion’s pas­sage of a min­i­mum wage for driv­ers of ride-shar­ing 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 mid-Jan­uary. 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.

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