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VisitMinnesota Lawmakers, Tim Walz, DFL Reach Deal to Raise Uber, Lyft Driver Pay
May 20, 2024, 01:00 AM
Minnesota lawmakers, including Governor Tim Walz and DFL lawmakers, have reached a deal to raise the pay rate for Uber and Lyft drivers, ensuring the companies will continue operating in the state. This agreement follows a Minneapolis ordinance that had prompted Uber and Lyft to consider exiting Minnesota. The new legislation, announced late last night, includes a pay raise for many drivers per ride and has successfully advanced in the state Legislature, beating the deadline for approval.
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Markets
Yes • 50%
No • 50%
Publicly available data from Uber and Lyft on active drivers in Minnesota
Unchanged/Deteriorated • 50%
Improved • 50%
Consumer surveys or opinion polls conducted in Minnesota
Yes • 50%
No • 50%
Official statements from Uber and Lyft, Minnesota state records
Profitability decreases • 33%
Profitability increases • 33%
Profitability remains stable • 33%
Financial statements and earnings reports from Uber and Lyft
Market share remains stable • 33%
Increase in market share • 33%
Decrease in market share • 33%
Market analysis reports, financial statements from Uber and Lyft
Other states consider but do not adopt similar legislation • 33%
Other states adopt similar legislation • 33%
No similar legislation in other states • 33%
Legislative actions in other states, news reports