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0.000530560271646829 0.000318336162988128 0.00137945670628179 0.0021752971137521 0.00817062818336159 0.0119376061120543 0.0128395585738539 0.01687181663837
Stock impact report

NYC minimum wage for delivery drivers upheld by appeals court [Reuters]

DoorDash, Inc. (DASH) 
Company Research Source: Reuters
The Manhattan-based Appellate Division, First Department on Thursday denied appeals by Uber , DoorDash Inc and Grubhub Inc after a state judge rejected their claims that the law unfairly targets their food delivery services. The court in September had temporarily blocked the law while it considered the appeals. The law will require companies to pay delivery workers $17.96 an hour, which will rise to nearly $20 in April 2025. Companies can decide whether to pay workers hourly or per delivery, which would be based on the hours workers log into the app. Uber, DoorDash, Grubhub Inc and a smaller food delivery service, Relay Delivery Inc, claim the law will force them to shrink service areas so deliveries do not take as long, ultimately hitting customers and restaurants. In September, state judge Nicholas Moyne had allowed the law to take effect but blocked the city from enforcing it against Relay pending the outcome of the case. The judge said that unlike the other companies, Rel Show less Read more
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