Taxi and Limousine Commission approves raise for Uber, Lyft drivers in New York City

TLC approves 8.78% pay increase for ride share drivers

NEW YORK -- Ride share drivers in New York City will get a pay raise starting next week.

Wednesday, the Taxi and Limousine Commission approved a nearly 9% raise for 80,000 Uber and Lyft drivers. They'll get a minimum pay of nearly $27 for a trip of up to 30 minutes.

This comes after Uber tried to block the pay raise in December by filing a lawsuit.

The new rates will go into effect on Monday.

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