: Pay raises for Uber and Lyft drivers ‘held up by a technicality,’ NYC judge says

by | Jan 10, 2023 | Stock Market

A judge who blocked what he called a deserved pay raise for ride-hailing drivers in New York City is asking the commission that mandated raises to show its math work. Uber Technologies Inc.
UBER,
+2.34%
sued the New York City Taxi and Limousine Commission, or TLC, after it announced required pay hikes for drivers in November because of transportation costs that increased due to inflation. The TLC proposal would have raised ride-hailing rates by 7% a minute and 24% a mile beginning Dec. 19.

In a written ruling on Tuesday, Justice Arthur Engoron of the state court in Manhattan said “the TLC has failed to include a single mathematical computation explaining how it arrived at its numbers.” The judge emphasized that the commission is well within its authority to regulate for-hire vehicles and therefore increase rates. “At first glance, the instant special proceeding seems faintly ridiculous,” he wrote, adding that determining drivers’ minimum rate is “firmly in the TLC’s bailiwick.” Don’t miss: Uber, Lyft and Instacart drivers fear losing out if a recession fuels influx of new gig workers However, he agreed with Uber that the TLC dep …

Article Attribution | Read More at Article Source

Share This