Uber will charge significantly more per trip as new Seattle law goes into effect Jan. 1

Uber will charge customers about 25% more on each trip starting Jan. 1, as Seattle’s new minimum wage law for ride-hailing drivers goes into effect. By April 1, as the compensation for drivers fully phases in, fares could increase by 50% compared to today’s prices, said Harry Hartfield, a spokesperson for Uber. The new wage requirements, unanimously approved by the Seattle City Council in the fall, are meant to keep compensation for Uber and Lyft drivers on par with other workers in the city who will earn at least the $16.69 minimum wage starting next year. Lyft hasn’t announced an immediate p…

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HEDGE accordingly