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.
But it isn’t like a lot of taxi companies didn’t do the same thing to their workers.
In most parts of the US, restriction of the number of taxis came from issuing a limited number of medallions. The owners of these medallions effectively became rentseekers, renting out their medallions to drivers. The system was rife with abuse.
Part of the main issue now is that a lot of small rentseekers got taken over by two big ones.