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Lyft and Uber say they will leave Minneapolis if the mayor signs a minimum wage bill for drivers (www.cnn.com)
submitted 3 years ago by [M, B] to c/technology@lemmy.world
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Lyft and Uber say they will leave Minneapolis if the mayor signs a minimum wage bill for drivers::Lyft and Uber threatened to stop doing business in Minneapolis after the city council adopted a new rule Thursday that would set a minimum wage for rideshare drivers.

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[–] 12 points 2 years ago* (1 child)

These companies bled investor money for years acquiring market share with their long term viability plan being that self driving cars were around the corner. They've been waiting to fire all the drivers but they got grifted by Elon types into thinking self driving tech was imminent.

They didn't think they'd still have to pay people. Those salaries were supposed to be a temporary loss leader

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  • [–] 2 points 2 years ago (1 child)

    There's no way the plan was ever to actually create a fleet of high tech cars they own and maintain themselves, which depreciate over time and eventually have to be replaced. Surely that was just a lie to get the money.

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