Uber Technologies Inc, Doordash Inc Lose Bid To Block New York City Minimum Wage For Delivery Workers
Portfolio Pulse from Benzinga Newsdesk
Uber Technologies Inc and Doordash Inc have lost their bid to block New York City's minimum wage for delivery workers. This could potentially increase operational costs for the companies.
September 28, 2023 | 5:00 pm
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NEGATIVE IMPACT
Doordash's loss in the bid to block NYC's minimum wage for delivery workers could lead to increased operational costs.
The loss in the bid means that Doordash will have to pay its delivery workers in NYC at least the minimum wage. This could increase the company's operational costs, which could negatively impact its profitability and stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Uber's loss in the bid to block NYC's minimum wage for delivery workers could lead to increased operational costs.
The loss in the bid means that Uber will have to pay its delivery workers in NYC at least the minimum wage. This could increase the company's operational costs, which could negatively impact its profitability and stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100