Rideshare Giants Uber and Lyft Threaten Minneapolis Exit Over Minimum Wage Vote

Uber and Lyft are threatening to cease operations in Minneapolis after the City Council voted to enforce a minimum hourly wage for ride-hailing drivers, overriding a mayoral veto. The ordinance requires services to pay drivers a minimum rate to ensure they earn the local minimum wage of $15.57 per hour, prompting the companies to argue that they would have to pass the increased costs on to riders, ultimately resulting in drivers earning less. This move reflects the ongoing tension between gig economy workers and companies over fair pay, with the companies expected to push for a state bill that could overturn the Minneapolis ordinance.