This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.
On Monday, the New York Taxi and Limousine Commission unanimously voted to approve new regulations that limit rideshare and taxi drivers in NYC to driving no more than 12 hours per day, and up to 72 hours per week. Those who violate the regulations could face fines and even suspension. The vote comes after findings that drivers are experiencing fatigue, which could endanger the lives of both passengers and pedestrians.
The new rules aim to make the roads safer for all, but have been met with some resistance from rideshare drivers, who are often forced to work extremely long days because of fare cuts. They claim that without the ability to work longer hours, they will not be able to make ends meet for their families.
When using Uber or Lyft, remember that there are certain credit cards you can use to maximize the money you spend on each ride. If you don’t have an Uber account, you can sign up now to receive a free ride (up to $20), courtesy of TPG.
Do you think the limit on working hours helps or harms rideshare and taxi drivers in NYC?
Featured image courtesy of Shutterstock.
Even after the introduction of the Chase Sapphire Reserve, the Chase Sapphire Preferred is still a fantastic choice if you want to avoid the Reserve’s $450 annual fee, earn 2x on all travel & dining and earn a 50,000 point sign up bonus.
- Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
- Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
- No foreign transaction fees
- 1:1 point transfer to leading airline and hotel loyalty programs
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
- No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards