By the end of the year, NYC will impose pay increases for Uber and Lyft drivers

“Increasing taxi fares and minimum wages for high-volume drivers is the proper thing to do for our city.” “According to TLC commissioner David Do. “This is the first rise in taxi fares in 10 years, and it will assist cover higher operational costs and the cost of living for TLC-licensed drivers. We are optimistic that today’s unanimous commission decision will ensure the sustainability and readiness of our taxi and [For-Hire Vehicle] fleets to serve New Yorkers.”