> The measure requires ride-hailing companies to pay drivers at least $1.40 per mile and $0.51 per minute for the time spent transporting a rider — or $5 per ride, whichever is greater — excluding tips.
Whether the rates are reasonable or not, the obvious move would be for Uber/Lyft to comply and pass the costs on to the riders, just like taxi companies have been doing forever. By instead pulling out entirely they are sending a message to Minneapolis and everyone else – if you try and regulate us in any way you will lose our services and your voter base will revolt, and we are willing to take the revenue hit for it.
Whether the rates are reasonable or not, the obvious move would be for Uber/Lyft to comply and pass the costs on to the riders, just like taxi companies have been doing forever. By instead pulling out entirely they are sending a message to Minneapolis and everyone else – if you try and regulate us in any way you will lose our services and your voter base will revolt, and we are willing to take the revenue hit for it.