New York City’s transportation regulators have been hit with a pair of lawsuits arguing that its new minimum pay standard for rideshare drivers is both irrational and anti-competitive.
On Wednesday, rideshare companies Lyft and Juno filed separate complaints against the Taxi and Limousine Commission (TLC), which is responsible for regulating for-hire car services in the city. In December, the Commission adopted a first-of-its-kind regulation that attempts to secure an after-expenses US$17.22 minimum hourly pay rate for drivers.
The new rule requires rideshare companies to pay their drivers using a complicated per-trip formula that takes into account both the time and distance of the trip, as well as a company’s utilization rate.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
THIS ARTICLE IS NOT AVAILABLE FOR IP ADDRESS 216.73.216.118
Please verify email or join us
to access premium content!
