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Uber Suggests NYC Driver Pay Cuts in Bid to Woo Riders

  • Uber suggests pay cuts for its drivers in New York City, citing lower gas prices.
  • Uber wants the city's Taxi and Limousine Commission to reduce the per-mile rate in its driver pay formula by 6.1%.
  • The company believes that the reduced costs will encourage rider demand and offset the impact on drivers' incomes.
  • Uber's membership program reaches 25 million, reflecting its growing presence outside of big cities.

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