UBER - Uber and Lyft Gear Up for Pay Increases in Minnesota: What Drivers and Investors Need to Know | Benzinga
Uber Technologies, Inc (NYSE:UBER) and Lyft, Inc (NASDAQ:LYFT) drivers in Minnesota will receive higher pay starting January 1, 2025, thanks to a new law resulting from negotiations between the state and these ride-hailing giants.
Governor Tim Walz, who supports the bill and will likely sign it, has agreed on rates of at least $1.28 per mile and $0.31 per minute for drivers.
The rates align with a state study’s recommendations, which suggested earnings between $0.89 and $1.207 per mile and $0.487 per minute, TechCrunch reports.
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