The Taxi and Limousine Commission (TLC) of New York City has decided to raise the minimum wage for Uber and Lyft drivers. Per-minute costs increase by 7.4 percent, while per-mile rates increase by 24 percent. In practise, this implies that a 30-minute journey of 7.5 miles will earn a driver at least $27.15 – an increase of more than $2.50 above current rates.
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