this post was submitted on 15 Mar 2024
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Work Reform

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Lyft and Uber said they will cease operations in Minneapolis after the city’s council voted Thursday to override a mayoral veto and require that ride-hailing services increase driver wages to the equivalent of the local minimum wage of $15.57 an hour.

Lyft called the ordinance “deeply flawed,” saying in a statement that it supports a minimum earning standard for drivers but not the one passed by the council.

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[–] Mycatiskai@lemmy.ca 0 points 8 months ago (1 children)

They would only need to pay the driver 1/3 of the hourly wage for your 20 min ride so 5.3 dollars. Uber/Lyft would make 29-30 dollars.

[–] xmunk@sh.itjust.works 2 points 8 months ago (1 children)

That's assuming the cars always have a fare on board - one truth of running a taxi is that there's a lot of downtime when you don't have a customer.

[–] gardylou@lemmy.world 1 points 8 months ago

The extrapolated head math people like to do based on their narrow interactions to determine how large companies should run is rarely right or useful.