*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
Diane Kruger and Kiernan Shipka on Bringing 'Swimming with Sharks' to Roku
Actors Diane Kruger and Kiernan Shipka joined Cheddar News to talk about their new series remake of the 1994 movie "Swimming with Sharks," premiering exclusively on The Roku Channel on April 15 with a full season drop. The series about the seedier side of Hollywood production had its own shoot interrupted during COVID — but it was worth the wait, according to Shipka. "To see the show in its final form come to light and be received by people well and have people talk about it, it almost feels like a little bit of a fever dream," she said. Kruger also addressed the show's focus on the cutthroat nature of the film industry, noting "It is definitely not an easy job to be an assistant in Hollywood."
Absolut Vodka Brings Coachella to the Metaverse
Ann Mukherjee, the chairman and CEO of Pernod Ricard North America, joined Cheddar News to talk about Absolut Vodka’s decade-long partnership with the music festival Coachella. Perno Ricard's vodka brand has built the virtual world Absolutland in the Decentraland metaverse for users to explore. "We actually have a vending machine where you can actually purchase the cocktails that will be delivered right to your home," she said. The brand will also be featuring festival headliner Swedish House Mafia.
Here's What to Do if You Miss the Tax Day Deadline
The tax deadline in the U.S. is on April 18 this year, and some filers may still not be able to complete their return by then. Cheddar has partnered with Jackson Hewitt to let you know what you can do should you blow the deadline.
Digitally Native Brands Look to Expand Brick-and-Mortar Locations
Digitally native stores like Allbirds and Everlane are beginning to target the suburbs as they look to expand their physical retail locations. It comes as reports show that a large portion of shoppers prefer to make their purchases in store. A new Deloitte report shows that 55 percent of shoppers who began their product search online, ended up making their purchase in store. Nikki Baird, VP of Strategy at Aptos, joined Cheddar's Opening Bell to discuss.
Global Fertilizer Shortage Prompts Farmers To Consider More Sustainable Practices
A fertilizer shortage made worse from the Russia-Ukraine war is reigniting the conversation over sustainable agriculture. With the costs of fertilizer rising, weaning off of synthetic fertilizer may be a good option for farmers trying to keep costs low, while keeping crop margins high. But, Damian Mason, farm owner, agricultural economist and author of "Food Fear," says it's not that simple. Mason joined Cheddar's Opening Bell to explain the challenges of greener practices.
Consumer Debt Surges As Inflation Takes Its Toll
Americans racked up the most monthly consumer debt in over a decade in February. According to a report from the Fed, consumer debt rose by nearly $42 billion, an annual increase of roughly 11%, far outpacing expectations. Rebecca Walser, President of Walser Wealth Management. Rebecca, joined Cheddar's Opening Bell to break down this data, and discuss how this could impact the consumer moving forward.
Dallas Cowboys Partner With Crypto Platform Blockchain.com
The Dallas Cowboys have joined forces with cryptocurrency platform Blockchain.com as the NFL loosens restrictions on teams making such deals. The partnership won't open the door for crypto use at AT&T stadium but will provide for some exclusive fan experiences.
Load More