*By Amanda Weston and Bridgette Webb* New York City's decision to institute [a minimum wage for drivers of ride-hailing apps like Uber and Lyft](http://fortune.com/2018/08/08/new-york-freeze-ride-sharing-vehicles-minimum-wage-lyft-uber/), will be a boon for drivers, and may prompt other cities considering how to handle the rise of for-hire vehicles to act similarly. "It's a very big win ー huge," said Aziz Bah, a steward for the Independent Drivers Guild and an Uber driver. "We have been fighting for the longest \[time\]." The City Council [approved a package of rules](https://www.nytimes.com/2018/08/08/nyregion/uber-vote-city-council-cap.html) Wednesday that included a guaranteed minimum wage for drivers and a one-year cap on most new licenses, so the city can study the effects of the industry's explosive growth. "The most positive thing for drivers is the pay floor, which amounts to a 22.5 percent raise in overall take home pay," Bah said Thursday in an interview with Cheddar. Uber opposed the Council's rules, saying it would make rides less reliable and more expensive. Bah said the new rules should be a clear message to the ride-hailing companies. "Treat drivers better," he said. "Because no one is making any legislation or rules with the drivers' livelihood in mind. We want these guys to finally put the drivers first." The popularity of the wage guarantee [among drivers](https://www.nytimes.com/2018/08/06/nyregion/taxi-and-uber-drivers-are-united-in-backing-a-cap-on-ride-hail-vehicles.html) and the willingness of a city the size of New York to act may embolden other cities, said Alison Griswold, a reporter at Quartz. "\[Seattle\] passed legislation that allowed drivers to unionize, which is still tied up in litigation, and there's also been interest among the city officials for raising the wage for Uber drivers," Griswold said Thursday in an interview with Cheddar. "So, you could see a city like Seattle picking up what New York has done on setting a wage floor. Then in San Francisco there's a lot of talk about congestion and how things have gotten worse for just everyone in the city driving around." It remains to be seen how the cap on new licenses will affect traffic. "We'll just have to wait to see," said Griswold. "It was widely opposed by transit advocates and editorial boards across the city. It's for a year. And you know, with the subway the way it is, I think everyone wants as many transit options as possible." For more on this story, [click here](https://cheddar.com/videos/nyc-pumps-the-brakes-on-ride-hailing).

Share:
More In Culture
Creator Economy Booms as Platforms Launch Monetization Tools and Perks
The pandemic has supercharged the creator economy, and there are no signs of it slowing down no matter when the pandemic officially ends. Creators prove to be a key factor in driving purchasing decisions and retail sales, and an increasing amount of platforms are taking advantage of the social influence. Karissa Bell, senior editor at Engadget, joins cheddar news to discuss the creator economy boom.
Tesla's 2021 Year in Review
The E-V maker Tesla has had a wild year. The company managed to continue to dominate the U.S. electric vehicle space despite growing competition and production delays. As the end comes to an end, Tesla finds itself growing richer and richer. Author of Risk Ritual Newsletter Richard Smith, joined Cheddar to discuss more.
Former Twitter CEO Jack Dorsey and Andreessen Horowitz Co-Founder Marc Andreesseen Clash Over Web3
Venture capitalists and CEOs are clashing over the future of the internet. Web3 is the tech world's name for a decentralized, blockchain-based internet that runs on cryptocurrency. It was recently the topic of a tweet from Block CEO and former Twitter CEO Jack Dorsey who wrote that Web3 will not actually be owned by users, and instead be controlled by rich venture capitalists. Dorsey later shared that he was blocked on Twitter by Marc Andreesen, co-founder of VC firm Andreesen Horowitz, which has invested billions of dollars into Web3 and crypto projects. Correspondent for DealBook from the New York Times, Ephrat Livni, joins Cheddar News' Closing Bell to discuss what this could mean for the future of Web3.
Gas Prices to Rise in 2022 amid Soaring Demand, Omicron Spread
Prices at the pump this year reached a seven-year high, and a new forecast from GasBuddy shared with CNN predicts that gas prices will only continue to rise in 2022 and that the national average could even reach $4.00 a gallon; however, analysts at GasBuddy say anything could happen when it comes to gas prices in the future, as the pandemic has made it difficult to make any predictions about the economy. Consumer Energy Alliance federal policy advisor Michael Zehr joins Cheddar News' Closing Bell to discuss.
Load More