Uber, Lyft to Exit Minneapolis After Minimum Wage Vote
LYFTLyft(LYFT) PYMNTS·2024-03-16 04:53

Uber and Lyft will reportedly halt their operations in Minneapolis after the city council voted to require that drivers be paid a minimum wage of $15.57 per hour. The rideshare companies said they will stop operating there on May 1, Reuters reported Friday (March 15). Uber said it was “disappointed” in the city council’s decision and said the move will put 10,000 people out of work. Lyft said the law passed by the council is “deeply flawed,” according to the report. Online platforms may be shaken by wage hi ...