Lyft and Uber say they will leave Minneapolis if the mayor signs a minimum wage bill for drivers

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Lyft and Uber say they will leave Minneapolis if the mayor signs a minimum wage bill for drivers | CNN Business
cnn.com

Lyft and Uber say they will leave Minneapolis if the mayor signs a minimum wage bill for drivers::Lyft and Uber threatened to stop doing business in Minneapolis after the city council adopted a new rule Thursday that would set a minimum wage for rideshare drivers.

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Then why would the company be against paying minimum wage?

Because it's a custom minimum wage that only their companies have to pay, set arbitrarily to make shit like taxis more competitive.

Yellow Cab fucking admitted in NYC that they only pushed the "Uber drivers make lower wages" rhetoric because they couldn't compete, when in fact Uber drivers make what taxi drivers make.

So now Uber just contracts out taxis, and gets their money anyway

https://www.nytimes.com/2022/03/24/business/uber-new-york-taxis.html

But at least people have to pay more for rides.

How the hell does a minimum wage make taxis more competitive? That doesn't make any sense. If uber drivers already make more than the minimum wage then a minimum wage would have no effect on that.

You should read the article, because it's only a set minimum for those two companies, not a general min wage.

I don't know why you're getting downvoted. I am in Portland and Uber & Lyft are so popular here that the cabs here mostly do medical transport for non-emergency situations. I use to be a dispatcher here for several years. All cabs did were go to various hospitals and doctor offices.

People here really, really do not like their beliefs challenged by reality