New York commission votes to increase minimum wage for Uber, Lyft drivers

The New York City Taxi and Limousine Commission voted on Tuesday to set a minimum pay rate for drivers who work for app-based companies like Uber and Lyft.
This new rule will go into effect in 20 days, and it will require drivers to be paid at least $27.86 an hour, which translates to $17.22 after expenses. According to a study from TLC, most drivers currently earn around $11.90 an hour. This change increases the yearly earnings of drivers by $9,000.
This change increases the yearly earnings of