Uber, Lyft Delay Minneapolis Exit After Delay in Minimum Wage Ordinance

• Uber and Lyft delay planned exit from Minneapolis after city council votes to push back driver pay ordinance implementation to July 1 • Ordinance requires companies to pay drivers a minimum of $1.40/mile and $0.51/minute, aiming for equivalent of $15.57/hour minimum wage • Uber & Lyft say lower state-recommended rates of $0.89/mile and $0.49/minute are more sustainable • Delay allows other ride-share companies more time to enter market before potential Uber/Lyft exit • Some drivers support ordinance for better pay, others oppose over concern companies will leave and be replaced