Uber warns that thousands of New York City drivers may lose their jobs if the city’s Taxi & Limousine Commission (TLC) goes forward with planned pay increases for rideshare drivers.
The company claims the changes could make its services unaffordable for customers. The warning, shared on Uber’s blog, emphasized that fare increases, aimed at improving driver wages, may inadvertently reduce trip volumes and limit drivers’ income opportunities.
In a recent post, Uber’s senior economist Rodrigo Moser said: “It’s time for our governing bodies to wake up. You can increase prices all you want — but if fewer people are taking fewer trips, you end up hurting the people you’re trying to help.”
Uber didn’t specify exactly how many drivers could be affected but suggested that the impact could be significant. According to a company spokesperson, the potential deactivation of drivers could reach into the thousands, depending on the nature of the new wage regulations.
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