NYC caps number of Ubers and Lyfts in the streets and gives drivers higher hourly rate

Uber, Lyft, Via, Juno, and other ride-hailing app drivers have some new protections and minimum pay guarantees in New York City after a city council vote this afternoon.

One of the votes put a cap on the number of vehicles licensed to drive for apps like Lyft and Uber. The "pause" will last 12 months; at that point the city will review how the break affected congestion, public transit, drivers, and passengers. It's not a permanent ban on new ride-hailing vehicles, and there is some flexibility, like for new accessible vehicles. 

New York is the first major American city to take a stand on the number of vehicles Uber, Lyft, and other ride-sharing apps can have out on the street.  Read more...