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Lyft and Uber say they will leave Minneapolis if the mayor signs a minimum wage bill for drivers (www.cnn.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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Lyft and Uber say they will leave Minneapolis if the mayor signs a minimum wage bill for drivers::Lyft and Uber threatened to stop doing business in Minneapolis after the city council adopted a new rule Thursday that would set a minimum wage for rideshare drivers.

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[–] nous@programming.dev 3 points 1 year ago

Uber was cheaper than Taxi services as it ran at a loss for years trying to out compete the competition on pricing so that it could get a monopoly on the market and get people used to their service. Now they are raising prices again how that most people are used to using their service and other companies are struggling.