Uber and Lyft Cease Minneapolis Operations Due to Minimum Wage Law

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Source: Reuters
Uber and Lyft Cease Minneapolis Operations Due to Minimum Wage Law
Photo: Reuters
TL;DR Summary

Uber and Lyft will cease operations in Minneapolis from May 1 after the city council voted to enforce a minimum wage of $15.57 an hour for rideshare drivers, overriding the mayor's veto. Both companies expressed disappointment and hope for a statewide solution, with Lyft calling the bill "deeply-flawed." This decision follows protests by drivers demanding fair pay and a multi-million dollar settlement by Uber and Lyft to resolve a wage theft investigation.

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