Last month, the Minneapolis City Council passed new labor regulations that would require ride-sharing companies to greatly increase the amount they pay drivers using their apps. This was ostensibly done to ensure that drivers would be able to at least earn the minimum wage mandated by the city. Uber and Lyft had both warned the council that if the measure was put in place they would pull out of the city. The council moved forward with the measure anyway and the two companies quickly announced that they would be terminating their services in Minneapolis next month. Rather than returning to the table and trying to work out a deal, the City Council has instead proposed allocating $150,000 in taxpayer funds to help finance smaller ride-share companies to replace the giants of the industry. To say that everyone involved is skeptical about this plan would be an understatement. (National…
Uber and Lyft Are Leaving Minneapolis. What Comes Next? – HotAir
