Uber and Lyft are no longer accepting new ride-hailing drivers in New York City. The Big Apple is one of the most important markets for the rival companies, but the city government has begun to push back against the uncontrolled growth of ride-hailing services with a one-year cap on new vehicle licenses, as well as a law mandating a minimum wage for drivers.

Uber stopped hiring new drivers in New York City on April 1, while Lyft ceased on April 19, reports Politico. In a posting on its website, Uber attributed the hiring freeze to new rules enacted by the Taxi & Limousine Commission (TLC), which regulates for-hire vehicles in New York City. An anonymous source with knowledge of the matter told Politico that Uber was specifically responding to the minimum-wage rule. Lyft stopped hiring drivers for similar reasons, according to Politico.

Read Article

Both Uber And Lyft Freeze Hiring Drivers After New York Imposes New Minimum Wage Rule

About the Author