MinimumWage
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Lyft agrees to pay its drivers the minimum wage in New York
Following new laws introduced last year, Lyft has agreed to pay its drivers the minimum wage in New York, a union representing the drivers said. The law stipulates that ride-hailing companies like Uber and Lyft must pay chauffeurs at least $15 per hour, plus $2.22 to cover payroll taxes and paid time off. "The landmark rules ... are expected to raise driver pay by an average of $9,600 per year," said Machinists Union affiliate IDG.
Lyft is suing over New York's minimum pay for drivers law
Lyft is planning to file a lawsuit today against the New York Taxi and Limousine Commission (TLC) in an attempt to block a new law that would require ride-hailing guarantee a minimum wage floor for drivers. The company confirmed to Engadget that it is filing the suit Wednesday. Lesser known ridesharing service Juno is filing its own lawsuit over the matter.
NYC passes minimum pay wage for Uber and Lyft drivers
New York City's Taxi and Limousine Commission voted today to establish a minimum wage for drivers working for companies like Uber, Lyft, Juno and Via. The city is the first in the US to set a minimum pay rate for app-based drivers. Going forward, the minimum pay will be set at $17.22 per hour after expenses, bringing it in line with the city's $15 per hour minimum wage for typical employees, which will take effect at the end of the year. The additional $2.22 takes into account contract drivers' payroll taxes and paid time off.
Amazon increases its minimum wage to $15
Amazon has announced that it will increase its minimum wage to $15 for all of its employees, starting November 1st. The company says that the move will benefit 250,000 staffers, as well as up to 100,000 part-time, temporary and agency workers hired during busy periods. Wage increases will also be implemented at Amazon's subsidiary businesses, including Whole Foods and Zappos. Other, stock-based compensations are being withdrawn to offset the changes, but 401k matching and healthcare benefits are unchanged.
