NYC ride-sharing cap is a bad idea: CEO
Via Founder and CEO Daniel Ramot says that Via drivers earn 50% more than the drivers for other ride-sharing companies like Uber and Lyft.
NEW YORK – New York City is slowing down the growth of Uber, Lyft and other app-based ride services with a (temporary) cap on new cars picking up fares.
The city council has approved a package of bills Wednesday that a one-year moratorium on new licences for the rental of vehicles, while the city studies the fast-changing industry.
The Council also voted for a minimum driver wages equal to the yellow taxi pay for an app drivers.
Supporters of the proposals said both the traditional yellow taxi industry and drivers for app-based services are suffering as Uber cars are flooding the streets of the city. She said that the growth of ride-hailing apps has also worsened the traffic congestion.
But opponents said Uber and Lyft the necessary service to districts outside of Manhattan that are poorly served by yellow taxis.