NYC votes to cap Uber and Lyft vehicles
The New York City Council voted Wednesday to set a cap on the number of ride-hailing vehicles in the city, a move that will see Uber and Lyft's growth curtailed. No new licenses will be issued for a full year as the city studies the issue further; legislation also allows the city to set a minimum pay rate for drivers, who, as legal contractors, are not subject to federal or state minimum wages.
“We are pausing the issuance of new licenses in an industry that has been allowed to proliferate without any appropriate check or regulation,” Corey Johnson, the City Council speaker, told the New York Times before the vote.
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