Seattle approves minimum pay rate for Uber and Lyft drivers
(Reuters) – The Seattle City Council handed a minimum pay regular for drivers for corporations like Uber Technologies Inc <UBER.N> and Lyft Inc <LYFT.O> on Tuesday.
Under the ordinance, environment friendly January, the drivers will now earn at least $16.39 per hour – the minimum wage in Seattle for corporations with better than 500 staff.
Seattle’s regulation, modeled after a similar regulation in New York City, targets to chop again the time period drivers spend “cruising” and not utilizing a passenger by paying drivers additional all through these situations.
City officers argue this might forestall Uber and Lyft from oversaturating the market at drivers’ expense, nonetheless the corporations say it should efficiently energy them to dam some drivers entry to the app. Both Uber and Lyft have locked out drivers in response to the NYC regulation.
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