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home / articles / uber and lyft gear up for pay increases in minnesota mwn benzinga


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.

Also Read: Uber And Lyft Drivers’ Future Hangs In Balance As Massachusetts Supreme Court Deliberates

The Full story available on Benzinga.com

Stock Information

Company Name: Uber Technologies Inc.
Stock Symbol: UBER
Market: NYSE
Website: ub3r.host

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