
Uber, Lyft prices go up in NYC as new driver minimum wage law takes effect
CNNNew York CNN Business — Uber and Lyft customers will have to pay more for their rides as a result of the first-of-its-kind driver minimum wage law in New York City. In an email to drivers on Friday afternoon, Lyft also said passengers will see increased fares as a result of the driver minimum wage law. As part of the new minimum wage requirements, Uber told riders they will also have to pay an “Out of Town” surcharge when they have cars take them outside of New York City, to compensate drivers for the ride back. Two days ago, ridehailing competitors Lyft and Juno both sued the New York Taxi and Limousine Commission to block the new driver minimum wage law, claiming the implementation will hurt their businesses while advantaging the industry behemoth, Uber.
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