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Market
How will the market share between Uber and Lyft in Minnesota change by the end of 2024?
5
Resolution / Starting Odds
Uber gains more • 33%
Lyft gains more • 33%
No significant change • 34%
Market share analysis reports from industry analysts or data released by Uber and Lyft
Story
Minnesota Lawmakers Approve 20% Pay Raise for Uber and Lyft Drivers in Statewide Rideshare Deal
May 20, 2024, 03:16 PM
Minnesota lawmakers have reached an agreement to raise the pay rates for Uber and Lyft drivers, ensuring the rideshare companies will continue operating in the state. The deal, announced by Governor Tim Walz and Democratic lawmakers, came after Uber and Lyft threatened to exit Minnesota due to a Minneapolis ordinance that would have required higher pay. The new legislation, which passed the state Legislature, sets a new minimum wage for drivers, resulting in a 20% pay increase. This compromise preempts the Minneapolis measure and is considered the strongest labor protection for rideshare drivers in the nation. The legislation received approval in the Legislature and is part of a broader statewide rideshare policy.
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Similar markets
Increased market share • 50%
No change or decreased market share • 50%
Increase in market share • 33%
Market share remains stable • 33%
Decrease in market share • 33%
Increase by more than 5% • 25%
Increase by less than 5% • 25%
Decrease by less than 5% • 25%
Decrease by more than 5% • 25%
Continued operation • 50%
Cease operation • 50%
Profitability decreases • 33%
Profitability remains stable • 33%
Profitability increases • 33%
Improved • 50%
Unchanged/Deteriorated • 50%
0-10% increase • 25%
10-20% increase • 25%
20-30% increase • 25%
More than 30% increase • 25%
Less than 20% • 25%
20% to 30% • 25%
31% to 40% • 25%
More than 40% • 25%
Increase in full-time drivers • 25%
Increase in part-time drivers • 25%
No change in employment status • 25%
Decrease in total drivers • 25%
Majority satisfaction • 50%
Majority dissatisfaction • 50%