Uber has cautioned that an increase in minimum pay standards set by the Taxi & Limousine Commission (TLC) could lead to significant layoffs of New York City drivers. In their statement, they expressed that the current pay structure has already made rides too costly, thereby decreasing the number of trips. They further warned that higher pay might necessitate cuts, which could threaten the operational viability for many drivers relying on the app.
In a blog post, Uber declared, 'As the first city to implement such minimum pay rules, New York City's approach has instantiated a cost structure that undermines our service model.' They stated that if the TLC were to raise minimum pay again, they would need to reassess how drivers can continue utilizing the platform amid dropping trip volume.
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