Spaceballstheusername

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Lyft and Uber say they will leave Minneapolis after city council forces them to pay drivers more ( apnews.com )

Lyft and Uber said they will cease operations in Minneapolis after the city’s council voted Thursday to override a mayoral veto and require that ride-hailing services increase driver wages to the equivalent of the local minimum wage of $15.57 an hour....

Spaceballstheusername ,

They’re afraid more cities will do this and as they increase prices they won’t be able to take more of the pie.

Spaceballstheusername ,

My disgust with it is that it’s simply a call to reduce labor not that there should be less people working on x or we should stop working on y. He views that this many people can’t be productive simply because he wants the company spending less on staff so his profits or share price goes up. It’s short sighted but since investors only care about the next quarter it doesn’t really matter to him.

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