The New York City Taxi and Limousine Commission has approved new rules that set a minimum hourly wage of $17.22 (after expenses) for drivers who work with app-based services like Uber, Lyft, Via and Juno.

Fast Company reports that the rules try to deliver that minimum wage by requiring drivers be paid according to a formula that incorporates mileage, time and utilization rate (the average percentage of time drivers have passengers in their cars). They

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