Minneapolis Faces Rideshare Exodus as Uber and Lyft Depart Over Driver Pay Increase
Uber and Lyft plan to cease operations in Minneapolis after the city council voted to increase driver pay, requiring ridesharing companies to pay drivers at least $1.40 per mile and 51 cents per minute. The companies argue that the increase is "deeply flawed" and plan to exit the city before the pay rise takes effect on May 1, potentially leaving around 10,000 drivers out of work. Some upstart ridesharing companies are looking to fill the void left by Uber and Lyft, asking drivers to pay a monthly subscription fee to use their platforms and keep the entire fare.
