Uber Suggests NYC Driver Pay Cuts in Bid to Woo Riders

Ride-hailing giant Uber Technologies is suggesting a pay cut for its drivers in New York City, citing lower gas prices, as it tries to lower the price of rides in one of its biggest markets.According to a Monday (Nov. 4) report from Bloomberg, Uber wants the city’s Taxi and Limousine Commission — which is responsible for establishing minimum driver pay — to reduce the per-mile rate in its driver pay formula $1.277, down by 6.1$1.360. Bloomberg cited a letter the company had sent to the co ...