*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).
Vaughan Bagley, senior manager of social impact at MTV Entertainment Group, and Jorge Alvarez, a Youth Action Forum participant, joins Cheddar News to discuss MTV's Mental Health Youth Action Forum.
Tesla CEO Elon Musk is offering to buy Twitter, saying the social media platform he has criticized for not living up to free speech principles needs to be transformed as a private company.
The Brooklyn subway shooting suspect called the cops on himself, Texas sends a bus full of migrants to Washington DC, and you can now pay with the palm of your hand. Here is all the news you Need2Know for Thursday, April 14, 2022.
Melissa Cohn, Regional Vice President at William Raveis Mortgage, joined Cheddar News' Closing Bell to discuss the Mortgage Bankers Association's decision to lower its 2022 outlook, as surging prices and tight supply weigh on the market.
Sam Carcamo was in the adjacent car on the N train Tuesday morning when Frank James was suspected of opening fire on a crowded train car. Carcamo joined Cheddar's Ken Bufa, to share details of what he witnessed and how he is coping today. “Everyone worked together so well to get to people that were injured," he said. Carcamo also noted he converted the video he took of the incident into an NFT for the purposes of raising money to help those who were hurt in the attack.
Ron Carson, CEO and Founder of Carson Wealth, sits down with Cheddar's Hena Doba to share how he keeps a strong connection to nature and prioritizes mental health in his formula for success.
Bravo’s "Vanderpump Rules" alumnus Lala Kent has recently become a new mom, juggles three beauty and lifestyle brands, and has a podcast — on top of becoming a New York Times best selling author. Kent joined Cheddar News to discuss her new paperback edition of "Give Them Lala" and mused about the possibility of joining the "Real Housewives" Franchise. "I was just feeling like there's so many times where we meet people or we don't connect with someone and we forget that they've been through certain things to get them to where they are," she said about writing her book. "And I just wanted people to feel less alone and we're bonded more than we think and here's my hot mess of a story and how I got to where I am."
Ice Cube's 3-on-3 basketball league, the Big3, is introducing decentralized team ownership to fans with the chance to own a minority stake in the 12 teams through blockchain technology, a first for professional sports. The rapper, actor, and filmmaker joined Cheddar News to talk about the new ownership model using NFTs. "This is a perfect time to offer it to fans and not just wait for fat cats to come and want to buy the teams but for fans to be able to be a part of it,” he said.