Uber warns of potential layoffs for NYC drivers if the TLC raises minimum pay standards, arguing that increased costs would lead to reduced service and trip volume.
Uber's senior economist, Rodrigo Moser, stated, 'You can increase prices all you want but if fewer people are taking fewer trips, you end up hurting the people you're trying to help.'
Uber has urged the TLC to lower per-mile pay rates by 6%, citing reduced costs for drivers and highlighting high taxes and fees that inflate fares.
The TLC is set to announce new pay standards for high-volume rideshare services like Uber and Lyft, which could lead to significant workforce changes.
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