Economy

New York City votes to cap Uber, Lyft vehicle licenses

New York City votes to cap Uber, Lyft vehicle licenses”

There's also an eclipsing number of ride-hailing vehicles on the road compared to taxis: About 80,000 drivers in the city are affiliated with four ridehailing companies - Juno, Lyft, Uber and Via - according to a recent report from The New School's Center for New York City Affairs.

Mayor Bill de Blasio still needs to sign it into law, but it's believed that he will do that soon. The study recommended a $17.22 hourly minimum wage after expenses, arguing the measure would cover the costs of owning and driving a auto in the city and allow for paid time off. City officials would set the wage. No new licenses will be issued for a full year as the city studies the issue further; legislation also allows the city to set a minimum pay rate for drivers, who, as legal contractors, are not subject to federal or state minimum wages.

FILE PHOTO: An illuminated sign appears in a Lyft ride-hailing vehicle in Los Angeles, California, U.S. September 21, 2017. (It's worth noting that companies can get around the hiring freeze if they're adding licenses specifically to enhance accessibility, something both the MTA and ride-hailing apps are severely lacking.) The start date was not specified during the meeting nor in the text of the bill.

"The City's 12-month pause on new vehicle licenses will threaten one of the few reliable transportation options while doing nothing to fix the subways or ease congestion", the company said in a statement.

But Councilwoman Laurie Cumbo, a Democrat, said Uber will still be available despite the moratorium on new cars.

"We are pausing the issuance of new licenses in an industry that has been allowed to proliferate without any appropriate check or regulation", Corey Johnson, the City Council speaker, told the New York Times before the vote.

The cap, the first to be imposed in a major city, will last for one year while the city conducts a survey on the impacts of the ride-hailing fleets. "We can not allow the so-called "gig economy" companies to exploit loopholes in the law in order to strip workers of their rights and protections".

City planners have argued in favor of measures to curb the growth of app-based services, which is most acute in city centers.

Uber and Lyft contend they reduce users' dependence on private vehicles and complement public transit.



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