The Minneapolis city council has advanced a bill that could raise the minimum wage for rideshare drivers.
"Prices could double, and only the most wealthy could still afford a ride," said Lyft.
The Minneapolis city council's move to hike the minimum wage for rideshare drivers has Lyft threatening to exit the city if the bill becomes law.
Rival rideshare company Uber also lashed out against the law.
To be sure, data from Rakuten Intelligence shows a 92% rise in Uber and Lyft ride costs between 2018 and 2021.
Persons:
Uber, Lyft, Jacob Frey, vetoing, Marianna Brown
Organizations:
Morning, CNN, Democratic, Associated Press, CBS News Minnesota, Rakuten Intelligence
Locations:
Minneapolis, City, —