Delivery Giants Uber, DoorDash And Grubhub Fail To Halt NYC's Minimum Wage Increase: Report
Portfolio Pulse from Shivani Kumaresan
Uber Technologies Inc., DoorDash Inc., and Grubhub Inc. failed to overturn the New York City minimum wage increase, which mandates a minimum pay of $17.96 per hour for food delivery workers. The companies can either pay a straightforward hourly rate or opt for a per-delivery payment structure. The new legislation is set to introduce a second wage increment, bringing the hourly rate close to $20 by April 2025. Approximately 60,000 delivery workers in New York currently earn around $11 an hour post tips and expenses.
September 29, 2023 | 11:52 am
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NEGATIVE IMPACT
DoorDash failed to overturn the NYC minimum wage increase, which could increase its labor costs.
The increase in minimum wage could lead to higher labor costs for DoorDash, which could negatively impact its profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Grubhub, owned by Just Eat Takeaway.com, failed to overturn the NYC minimum wage increase, which could increase its labor costs.
The increase in minimum wage could lead to higher labor costs for Grubhub, which could negatively impact its profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Uber failed to overturn the NYC minimum wage increase, which could increase its labor costs.
The increase in minimum wage could lead to higher labor costs for Uber, which could negatively impact its profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100