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TLC Approval of Uber's Proposed 6.1% Driver Pay Cut by March 31, 2025?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcement from the NYC Taxi and Limousine Commission
Story
Uber Proposes 6.1% Cut in NYC Driver Pay to $1.277 Amid Lower Gas Prices
Nov 4, 2024, 06:46 PM
Uber is proposing a reduction in the base pay rate for its drivers in New York City. The ride-hailing company is asking the city's Taxi and Limousine Commission (TLC) to cut the driver pay rate per mile by 6.1%, from $1.360 to $1.277. Uber cites a 38% drop in gas prices since the 2022 highs as the rationale for this proposal. The company believes that lower per-mile rates could help keep rides more affordable and boost demand in one of its largest markets. A recent report also highlighted that NYC Uber drivers earn more than city EMTs.
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Similar markets
Approved as proposed • 25%
Approved with modifications • 25%
Rejected • 25%
Pending decision • 25%
Organized strike • 25%
Legal action • 25%
Negotiations with Uber • 25%
Acceptance without protest • 25%
Further pay cuts • 25%
Pay increase • 25%
No change • 25%
Introduction of new incentives • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Uber • 33%
Lyft • 33%
Both simultaneously • 34%