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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,
The price of an Uber ride can catch you off guard — even if you're the company's CEO. Uber prices have surged in recent years due to inflation and a pandemic-era driver shortage. Wired editor-at-large Steven Levy took a 2.95-mile Uber ride from downtown New York City to the West Side to meet Uber CEO Dara Khosrowshahi. When asked to estimate the cost of the ride, Khosrowshahi put it at "twenty bucks." When Levy first tried to book an Uber ride for the interview, the price was $20 higher, he said.
Persons: , Dara Khosrowshahi, Steven Levy, Uber, Khosrowshahi, Levy, it's, Lyft, Uber's Organizations: CNBC, Rakuten Intelligence, UCLA Labor Center Locations: New York City
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