New York City is reining in the growth of Uber, Lyft and other app-based ride services with a temporary cap on new cars picking up fares.
The City Council approved a package of bills Wednesday that included a one-year moratorium on new licenses for for-hire vehicles while the city studies the rapidly changing industry.
The Council also voted to set a minimum driver wage equivalent to the yellow cab wage for app-based drivers.
Backers of the proposals said both the traditional yellow cab industry and drivers for app-based services are suffering as Uber cars flood the city’s streets. They said the growth of ride-hailing apps has also worsened traffic congestion.
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