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📊 NYC TLC Proposes 23% Taximeter Increase Plus 8% Per Minute & 34% Per Mile App Pay Raise
The NYC Taxi & Limousine Commission (TLC) proposes significant pay raises as drivers battle historic inflation. TLC to host hearing on October 6th
AutoMarketplace.com NYC covers the for-hire transportation industry and automotive news. Check out AutoMarketplace.com on YouTube ▶️
After back-to-back hearings on driver pay in May, the NYC Taxi & Limousine Commission (TLC) has officially published new taximeter and high-volume for-hire service (i.e., Uber & Lyft) pay increase proposals. For NYC taxi medallion drivers, this will be the first true (i.e. excluding additional surcharges) taximeter change since 2012 👀.
🚕 Click here for announcement related to NYC Taxi drivers
⬛🟪 Click here for announcement related to NYC Uber & Lyft drivers
There are other details related to utilization rates, future driver pay increase calculations using new inflation metrics and other important specifics, but at a high level, the New York Taxi Workers Alliance (NYTWA) thread below gives a good initial overview. We’ll also have future pieces on the proposals as we go through the specifics.
📅✅ For now, it’s important to mark Thursday, October 6th, 2022,10am as the date & time for a TLC virtual hearing 💻 on the proposals AND Wednesday, October 5th as the deadline to email the TLC if you want to participate.
AutoMarketplace.com NYC covers the for-hire transportation industry and automotive news. Check out AutoMarketplace.com on YouTube ▶️
Re: The taximeter rate increase this is very good news. Yellows have gone a long time without a raise. It was due to having to compete with Uber's predatory pricing. However, justice-wise what should happen is the $2.50 and .50 surcharges should be removed. Both were wildly unfair and frankly cruel. Do that and yellow drivers make more, passengers don't really pay more and all is well. Uber should always have been significantly more expensive than yellows. They never paid for a Medallion and function as a virtual street hail.