Published August 08, 2018
New York City is reining in the growth of Uber, Lyft and other app-based ride services with a temporary cap on new cars picking up fares.
The City Council approved a package of bills Wednesday that included a one-year moratorium on new licenses for for-hire vehicles while the city studies the rapidly changing industry.
The Council also voted to set a minimum driver wage equivalent to the yellow cab wage for app-based drivers.
Backers of the proposals said both the traditional yellow cab industry and drivers for app-based services are suffering as Uber cars flood the city's streets. They said the growth of ride-hailing apps has also worsened traffic congestion.
But opponents said Uber and Lyft provide needed service to neighborhoods outside Manhattan that are poorly served by yellow cabs.
https://www.foxnews.com/tech/nyc-council-votes-to-cap-ride-hailing-vehicles-in-move-to-rein-in-uber