Author: New York City Taxi and Limousine Commission
Date of publish: January 2019
Why did we select this research?
The minimum pay standard will significantly increase earnings for the majority of drivers working for the High-Volume companies (a rule that the Taxi and Limousine Commission adopted in December 2018 and that by beginning of February 2019 has been into force). The goal is for drivers to get a minimum pay for each trip.
- Time, distance and utilization are the three components that provide drivers a minimum pay for each trip.
- Time: drivers are compensated for all the time spent on the road.
- Distance: all major expenses borne by drivers are covered.
- Utilization: share of time drivers spend with passengers and incentivizes companies to more efficiently utilize their driver pool.
NYC Taxi and Limousine Commission, Driver Pay [https://www1.nyc.gov/site/tlc/about/driver-pay.page]