Uber and Lyft Threaten to Leave Minneapolis Over Driver Pay Increase

• Uber and Lyft plan to cease operations in Minneapolis after city passed ordinance to increase driver minimum pay to $1.40/mile and $0.51/minute

• Companies argue increase is too high and will make service unaffordable, city believes it brings pay closer to $15.57 minimum wage

• If they leave, could reduce transportation options in city, especially for those with disabilities or without cars

• Move comes as taxi drivers in city dropped from nearly 2,000 in 2014 to 39 currently

• Some new rideshare startups looking to enter market if Uber and Lyft leave, would charge drivers subscription fees to find riders