NYC Establishes Gig Workers’ Minimum Wage

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New York City’s Taxi and Limousine Commission (TLC) has voted to set a minimum wage for workers in the gig economy as mandated by the City Council. Effective Jan. 3, 2019, such workers are entitled to an hourly rate of $26.51 an hour, which boils down to $17.22 after expenses, according to an analysis by the publication Crain’s.

According to a TLC study, the average ride-share driver in NYC currently earns about $11.90 an hour.

Uber and Lyft, the ride-sharing services that rely on gig economy drivers, both protested the ruling, saying it would lead to an unnecessary increase in fares.