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
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
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