Uber, Lyft to Leave Minneapolis Over New Wage Regulations
LYFTLyft(LYFT) Investopedia·2024-03-16 04:05

Key Takeaways Uber and Lyft said they will end operations in Minneapolis on May 1 because the companies will not pay the wages required under a new law. The city council approved a plan Thursday regulating how drivers get paid, which supporters said would ensure rideshare drivers are paid the equivalent of the city's $15.57 per hour minimum wage. The companies argued the decision would impact thousands of its workers in the city. Don’t expect to get a ride from Uber (UBER) or Lyft (LYFT) cars in Minneapolis ...