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Seattle establishes minimum wage for Uber and Lyft drivers (The Seattle Times)

September 30, 2020

Uber Technologies Inc. (NYSE: UBER) and Lyft Inc. (NASDAQ: LYFT) will have to use a pay formula to ensure their drivers make $16.39 per hour as a minimum wage in Seattle, The Seattle Times newspaper reports. Seattle’s City Council unanimously backed the pay measure on Tuesday. The $16.39 minimum wage is the same as for other workers in the city.