Legislators say they have a deal on Uber and Lyft driver pay, but companies object [Yahoo! Finance]
Lyft, Inc. - Class A (LYFT)
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Source: Yahoo! Finance
Drivers' advocates say they are willing to accept the proposed rate of $1.27 per mile and 49 cents per minute, lower than the Minneapolis proposal of $1.40 per mile and 51 cents per minute. The agreement hashed out between DFL leaders and Minneapolis council leaders came just before the bill's hearing Tuesday in the House Labor and Industry Finance Committee. "We want to be paid," said Eid Ali, executive director of the Minnesota Uber/Lyft Drivers Association, one of the main groups advocating for drivers' interests. The compromise rates are lower than he hoped, but Ali said drivers want to make a show of good faith. But spokespeople for Uber and Lyft say they were not part of negotiations between legislators and council members, and said the proposal would push them out of Minnesota. "[S]hould these statewide rates pass, we would be forced to shut down across all of Minnesota, not just Minneapolis," said Lyft spokesperson CJ Macklin in a statement. "I think that they're bluf
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