New York City has cut its proposed minimum pay rate for app-based food restaurant delivery workers to $19.96 an hour by 2025 from an earlier proposal of $23.82 an hour by 2025, the city’s Department of Consumer and Worker Protection stated in a notice of a public hearing and opportunity to comment on its proposed rules. The DCWP is proposing to add rules establishing methods for determining the minimum payments that must be made to a food delivery worker by a third-party food delivery service or third-party courier service, the notice stated. The new proposal calls for a slightly higher 2023 rate of $17.96 per hour, versus earlier proposal of $17.87. Companies that offer food delivery services that could be impacted by the new rules include Uber (UBER), DoorDash (DASH) and Just Eat Takeaway.com (JTKWY). Reference Link
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on UBER:
- Uber Eats partners with Tampa International Airport for mobile ordering
- Walgreens with DoorDash, Uber announce free Same Day Rx Delivery for HIV
- Hail the Uber Stock (NYSE:UBER) Ride as it Gets Faster
- 3 Stocks to Buy Today, 2/23/2023, According to Top Analysts
- These 2 Outstanding Tech Stocks are Heating Up