Minneapolis Rideshare Services Cease Operations Over Minimum Wage Law

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Source: CNN
Minneapolis Rideshare Services Cease Operations Over Minimum Wage Law
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TL;DR Summary

Lyft and Uber are set to cease operations in Minneapolis on May 1 after the city council overrode the mayor's veto and implemented a minimum wage for rideshare drivers, prompting the companies to deem their operations unsustainable. The ordinance mandates a minimum wage of $15.57 an hour, but the mayor and rideshare services argue that the numbers are based on flawed analysis and could lead to increased prices for users. The move comes amid ongoing debates over fair wages and job benefits for gig workers in the growing "gig economy."

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