Technically though if you are your boss and an independent contractor you should easily be able to set your own wage.
You don’t see plumbers and electricians being told they have to work for a certain wage by the building owner. They set their wage and if it’s too high the owner tries to find a cheaper one.
These drivers aren’t actually contractors though, they are employees being screwed over by being falsely classified a contractors. If they all collectively decide to charge $25 / hour, than as independent contractors they should be allowed to and Lyft wouldn’t have any other options other than to try and find drivers who charge less.