Minneapolis Faces Ride-Hailing Crisis as Uber and Lyft Halt Operations Over Minimum Wage Law

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Source: Fortune
Minneapolis Faces Ride-Hailing Crisis as Uber and Lyft Halt Operations Over Minimum Wage Law
Photo: Fortune
TL;DR Summary

Uber and Lyft announced they will cease operations in Minneapolis after the city council voted to require ride-hailing services to increase driver wages to $15.57 an hour, a move the companies deemed unsustainable. Both companies plan to push for statewide legislation to counter the ordinance, while critics argue that the costs will likely spike for everyone, including people with low incomes and disabilities who rely on ride-hailing services. Supporters of the measure argue that drivers deserve dignified minimum wages, and Democratic Gov Tim Walz expressed concern over the potential impact on those who depend on the services.

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