"Minneapolis Faces Ride-Hailing Exodus as Uber and Lyft Depart Over Minimum Wage Law"

Uber and Lyft are set to cease operations in Minneapolis following the city council's decision to override the mayor's veto of a minimum wage law affecting rideshare drivers, which is set to take effect on May 1. The ordinance establishes a minimum driver pay of $1.40 per mile and $0.51 per minute, or a minimum of $5 per trip, prompting criticism from the ride-share industry. Both companies expressed support for a minimum earning standard but deemed the ordinance "deeply flawed," with Lyft advocating for a statewide solution in Minnesota and Uber emphasizing the need for comprehensive statewide legislation.