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Ride-sharing giants Uber and Lyft have halted the hiring of new drivers in New York City, following legislation that required the companies to pay workers at least $17.22 per hour, according to Politico. “We do have a waitlist and will let drivers know when they can apply to drive,” a Lyft spokesperson told Politico. New York City council passed a bill hoping to decongest the city’s streets of ride-hailing cars by posing a cap on the number of drivers companies could have on the road. With an influx of ride-sharing companies such as Juno, and Gett, riders have more options in the city. However, the competition is cluttering streets with drivers looking for customers. “As drivers exit the industry and demand from riders increases, we will once again seek to add new drivers,” Uber spokesperson, Josh Gold, said to Politico. Lyft sued New York City in January, alleging the new rules will create unfair competition between ride-hailing companies and taxis. Uber has also sued the city...
Airbnb makes traveling easier and cheap, but the company is also having a significant impact on America’s housing crisis. Recently, New York City subpoenaed Airbnb for data on roughly 20,000 of the company’s listings to make sure laws regarding short-term rentals aren’t being violated. During an interview Monday on Inside City Hall, New York City Mayor Bill de Blasio explained the recent subpoena from the Office of Special Enforcement, saying, “If your apartment was rented out every single day, it’s not your apartment anymore. It’s a business.” New York City’s fight with Airbnb isn’t anything new. In 2016, New York attempted to make it illegal to list entire apartments on the platform — or any similar site — for periods of less than 30 days. According to CNN, the law’s proponents said it targeted those practices because they remove potential rental housing from the market and deny the city tax revenue. The subpoena comes not too long after a September 2018 report from Comptroller...