*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).
On this episode of ChedHER: Author of 'JUMP: Dare to Do What Scares You in Business and Life,' breaks down the different types of career 'jumps' out there, and keys to making a career change a success; Head of Asian and Pacific Islander Affairs at JPMorgan Chase discusses how she's forging a path forward for the API community; CEO and Founder of Diversability explains how she's building up a global movement to rebrand disability through the power of community.
Cheddar sits down with Vivian Young, Head of Asian and Pacific Islander Affairs at JPMorgan Chase, at JPMorgan Chase's Women on the Move Leadership Day to discuss her experience being the first person to hold this type of position at the firm, and how she's forging a path forward for the API community.
Cheddar sits down with Tiffany Yu, CEO and Founder of Diversability, at JPMorgan Chase's Women on the Move Leadership Day to discuss how she's building up a global movement to rebrand disability through the power of community.
Kim Perell, Author of 'JUMP: Dare to Do What Scares You in Business and Life,' joins ChedHER to discuss the different types of career 'jumps' out there, and the keys to making a career change a success.
A Freitag pod with Carlo and Baker, talking about the upcoming federal vax-or-test deadline, the most shocking upset of this week's elections, an incredible story of selflessness and Love, Hate, Ate.
The largest car search platform in India, Cardekho, recently raised $250 million in what the company calls a pre-IPO round led by leapfrog investments. The funding bumps CarDekho above unicorn status with a $1.2 billion valuation. The company currently has a catalogue of more than 3,000 pre-owned cars for online purchases and hopes to expand with the new funding. Partner and co-head of South Asian investment for LeapFrog Stewart Langdon joins Cheddar News' Closing Bell to discuss.
Actor Jade Wu joined Cheddar's "Between Bells" to discuss her role in the recently premiered film "Snakehead" and its depiction of organized crime in New York City's Chinatown. Wu also talked about the iconic place becoming its own character in the film and what it meant to shoot scenes on location. Discussing her career, she noted the significance of being part of a nearly all-Asian cast compared to often being the lone Asian actor on projects.
Thuc Vu, CEO and co-founder of Ohmnilabs, joins 'Cheddar Innovates' to discuss how robots are playing a role in the return to the office, and what's in store for the future of the robotics industry.
