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Over and Lyft bid to rescue fighting taxi chauffeurs, but New York City said no.
Faced with a new set of regulations that they say will have a serious effect on their businesses, Uber and Lyft made an uncommon suggestion to the New York City government: Withdraw, and in return we will rescue fighting taxiers. For five years, the businesses would bring $20 million annually into the funds to help medal holders.
However, it should help single medal holders and not business holders who own several medals. Mr Okpaku said he had talked to the Robin Hood Trust about running the funds, but a spokesman for the trust said the discussions were provisional and no agreement had been made. Uber's spokesman said the corporation does not make comments on personal discussions.
Over and Lyft argue that an upper limit on car registrations would increase waiting periods and reduce drivers' profits. Offering to rescue taxi riders is an unexpected turn of events over the years - a protracted battle by New York regulatory authorities to curb the blast of apple driving applications with drive-hauling. Council members have said that they were partially driven by the distress of taxi medal holders, who have seen the value of their licences fall in recent years in tandem with the emergence of ride-hauling applications.
In the last six month, six taxi riders have commited suicide, a dark memory of the cost of technology disruptions. Uber and Lyft's bid appears to be an attempt by Uber and Lyft to water down the discussion on the draft directive, which can already be put to the vote next weekend. Putting squeeze on the magistrate and city council to react with their own suggestion to save petty medal holders.
"The administration thinks that the Council's stance is the most comprehensive way to help riders help their homes and tackle congestion," a mayor's spokesman said in a declaration. An earlier part of this tale says that Lyft worked at the Robin Hood Foundation to set up a taxi driver funds.
Lyft contacted the Robin Hood Foundation about the funds, but the discussions are provisional and no agreement has been made.