Lyft and Uber say they will leave Minneapolis if the mayor signs a minimum wage bill for drivers | CNN Business
www.cnn.com
Lyft and Uber threatened to stop doing business in Minneapolis after the city council adopted a new rule Thursday that would set a minimum wage for rideshare drivers.

Lyft and Uber say they will leave Minneapolis if the mayor signs a minimum wage bill for drivers::Lyft and Uber threatened to stop doing business in Minneapolis after the city council adopted a new rule Thursday that would set a minimum wage for rideshare drivers.

  • @[email protected]English
    46•11 months ago

    This mindset of catering to companies is infuriating. They took the risk creating the business, if they are no longer able to afford to pay wages or have competitive prices they don’t deserve to remain open. That’s the whole fucking point of the free market. Let these companies fail, the country and the economy will recover and new companies that fill current niches and needs will pop up.

    • @[email protected]
      English
      12•11 months ago

      These companies bled investor money for years acquiring market share with their long term viability plan being that self driving cars were around the corner. They’ve been waiting to fire all the drivers but they got grifted by Elon types into thinking self driving tech was imminent.

      They didn’t think they’d still have to pay people. Those salaries were supposed to be a temporary loss leader

      • @[email protected]English
        2•11 months ago

        There’s no way the plan was ever to actually create a fleet of high tech cars they own and maintain themselves, which depreciate over time and eventually have to be replaced. Surely that was just a lie to get the money.