Minneapolis mayor vetoes minimum wage bill for Lyft, Uber drivers: ‘An inexcusable betrayal of Minneapolis workers’::The city’s mayor nixed minimum wages for ride-hailing drivers in a move one city council member called “an inexcusable betrayal of Minneapolis workers.”
Why aren’t there similar restrictions to the amount of workers in various sectors? Doesn’t having too many people doing IT support dilute IT support worker wages? Apply this logic to ANY individual contributor role.
The actual end result of limited taxi licenses is that the licenses get monopolized by bigger businesses who do not provide “living” wages to their employees rather than protecting individual taxi drivers. The owner makes a TON of money and the taxi drivers just do ok.
Try and find some salary data for say NYC medallion taxi drivers and compare that to the surrounding area cost of living. Taxi drivers who work 40 hours usually make below what i’d consider living wage for the area.