Uber is seeking to cut New York City drivers' minimum pay by 6.1%, arguing that recent drops in used car prices and gasoline necessitate this change.
The proposed reduction would drop the per-mile rate to $1.277 from the current $1.360, saving Uber considerable costs while attempting to maintain ridership demand.
The TLC is reviewing Uber's petition while also considering previous stakeholder feedback on minimum pay amendments to ensure fair payment practices for drivers.
This is not Uber's first attempt to minimize costs, as investigations show rideshare companies locking drivers out of apps to evade wage obligations.
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