The New York City set standards for transportation network companies, and now those companies are being a lot more selective about who they hire as drivers.
"Uber’s and Lyft’s once inexorable-seeming growth in New York City has ground to a halt," according to an article by Dan Rubinstein.
The evidence to back up that claim: "Uber stopped hiring new drivers in New York City on April 1. Lyft followed suit on April 19."
Rubinstein reports that the two companies have blamed the turn of events on new regulations in the city that set wage requirements and penalties for operating empty vehicles.
"The move suggests New York City’s new driver pay regulations are having some of their desired effect, by restricting the growth of the driver pool and limiting what many driver advocates characterize as an over-saturated market," according to Rubinstein.
FULL STORY: Uber and Lyft stop accepting new drivers in New York City
Ride-Hailing Prices Skyrocket as the U.S. Emerges From the Pandemic
A shortage of drivers and spiking demand are driving Uber and Lyft prices higher than ever as the companies struggle to achieve profitability.
Uber Drivers and Taxi Drivers Agree: Cap the Number of Ride-Hailing Vehicles in New York
Uber (and Lyft, of course) drivers and taxi drivers hope a cap on the number of ride-hailing vehicles would improve wages and reduce congestion.
New York City Council Proposes Cap on Number of Ride-Hailing Vehicles
To support the taxi industry and reduce congestion, the New York City Council could cap the number of ride-hailing vehicles operating in the city. The cap could be a first major step toward a new era of transportation regulation.
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Chicago to Turn High-Rise Offices into Housing
Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.
Google Maps Introduces New Transit, EV Features
It will now be easier to find electric car charging stations and transit options.
Ohio Lawmakers Propose Incentivizing Housing Production
A proposed bill would take a carrot approach to stimulating housing production through a grant program that would reward cities that implement pro-housing policies.
Chicago Awarded $2M Reconnecting Communities Grant
Community advocates say the city’s plan may not do enough to reverse the negative impacts of a major expressway.
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