The first city in America that is enforcing minimum wage for app-based drivers (such as Uber, Juno, etc.) is New York City. At the end of this month, the new pay rules will ensure that all drivers irrespective of which company they work for will be paid $17.22 at least per hour after expenses.
The rule came after a vote in favor of the law was carried by the New York City’s Taxi and Limousine Commission at the end of last month.
According to Independent Drivers Guild founder Jim Conigliaro this resulted in “desperately needed relief to 80,000 working families.” In a statement he added that:
“All workers deserve the protection of a fair, livable wage and we are proud to be setting the new bar for contractor workers’ rights in America. We are thankful to the Mayor, Commissioner Joshi and the Taxi and Limousine Commission, City Council Member Brad Lander and all of the city officials who listened to and stood up for drivers.”
NYC enacted its minimum wage law in 2016 with the first increase on 31 December of that year to $11. Only by 2021 is the minimum wage for NYC workers to reach $15.
In this recent Forbes article, an expert panel spoke to eight Forbes New York Business Council members “to share their most effective tactics for getting their company noticed and started on the path toward success.”
The individuals are:
Samuel Mikail, SM Group Holdings Corporation
Tracey Sawyer, Krause Sawyer
Morris Levy, The Yard
Sriram Padmanabhan, Cymorg Inc.
Yana Zaidiner, Token Payments, Inc.
Giac Capital, Inc & Giacopelli Accounting and Tax Services, LLC
Hoda Mahmoodzadegan, Molly’s Milk Truck and F’in Delicious Beverages
Most New Yorker’s appreciate the increase in minimum wage.
Since 2016, minimum wage has been rising, from $9.70 an hour to a projected increase of $15 an hour by 2021. The rise in minimum wage means that employees can maintain a better standard of living.
“New York proudly set an example for the nation by raising the minimum wage to $15,” said Governor Andrew Cuomo said in a statement. “The fight for economic justice for our working families continues, and we won’t stop until every New Yorker is paid the fair wages they deserve.”
However, some New Yorker’s are concerned that the increase in minimum wage means that employees will reduce their hours. Small business owners with limited budgets may find themselves unable to pay their employees.
Most New Yorker’s, however, are greeting the change in minimum wage optimistically.
New car technology could soon be able to prevent car collisions via driver communication and blind spots within a thousand feet. The technology being developed in New York is called “connected vehicles.”
As a student, it is imperative to examine the end goal when choosing an educational path. Especially given the perpetual growth of technology and the impact that has, one must be fully aware of possibilities of job opportunities in the future. As such, colleges have an important role here: to look at what subjects must be offered.
Thankfully there does seem to be awareness of this. At a recent roundtable discussion held in NYC, President G.P. “Bud” Peterson – the 11th President of the Georgia Institute of Technology – said:
“Higher Education is going to change. It’s going to have to change. What is that new model of higher education going to look like?”
At the event – organized by Georgia Tech – the conclusion reached by Peterson was threefold:
Education is in flux from a calendar-based to a knowledge-based curriculum.
Students will not be deemed successful just from a four-year course attendance; new definitions of success will have to be determined.
Students (as well as teachers) will be recognized as educators.
Meanwhile, in an effort to reduce cumbersome college fees, some top academic institutions are removing that obstacle. This summer, New York University School of Medicine announced that 500+ of its students will be eligible for free tuition – instead of paying the $55,018 annual fee for 2018-19 academic year. This will not depend on fiscal need/academic performance. Students will just need to pay for other fees like housing and material (amounting to less than $30,000).
Other colleges throughout America are adopting similar low fee/no fee programs.
In this video, one small NY business owner, Jim Napolitano of Ben’s Market, Riverdale, talks to CBS about exorbitant running costs of making a living as a SME owner in the region. As a result, many store fronts are up for rent as people just can’t manage. However, Ydanis Rodriguez may have a solution…
It’s more than a name obviously but when a successful company changes it, one has to wonder why. New York & Company – the successful corporate women’s apparel firm – will soon become RTW Retailwinds next Monday. As part of its rebranding move, this will be the name under which it will be traded on the NYSE on November 20; with the RTW ticker symbol.
It’s not just the name that is changing though. For rebranding purposes there are other transformations being undertaken such as an expansion of Fashion to Figure (its plus size brand) as well as a brand new lingerie lifestyle brand and a Kate Hudson casual lifestyle collection. Greg Scott, CEO of the firm explained:
“RTW reflects our vision to maximize the power of our platform to create destination celebrity and lifestyle brand assortments across categories and channels. We move forward strongly positioned to continue our expansion of NY&Co, expanding celebrity brands with the upcoming launch of Kate Hudson and entering intimate apparel – a core competency of our team.”
Over in Buffalo, We Care Transportation (Buffalo’s most expansive non-emergency medical transportation provider) is ditching its name to become Cedar Bus Co. In its explanatory press release it was written that:
“The change reflects the organization’s evolution and ongoing commitment to clean energy and the communities they serve.”
In time for its 5th anniversary, Figliulo & Partners will simply become Fig, in some measures “to tie together the agency’s many developments since it opened in 2013.”
While people believe that living in New York can be crippling due to its expense, a recent article in Work at Home Adventures presented the Top 12 Ways to Earn Money Fast in New York City.
If you’re fascinated by the hype and pace of NYC, why not remove your clothes and become an art model? Making between $20-30 an hour there seems to be no shortage of opportunities for those comfortable in their bodies and “unafraid to pose in front of strangers.”
Mike Brassfield wrote a similar article on his Penny Hoarder blog. He presented money making options including dry cleaning delivery, Lyft/Uper driving, Airbnb rental and work from home positions through reputable ZipRecruiter.
Hosted by Her Majesty, Dr. Liam Fox, the UK-US International Trade Day took place earlier this week, 22 October on the Royal Navy’s HMS Queen Elizabeth HMS. A few days before the event, “US Treasury Secretary, Robert Lighthizer, announced that the US intends to begin negotiations towards a UK-US Free Trade Agreement after the UK leaves the European Union.”
At the event, the Department for International Trade (DIT) set up a roundtable giving a various top cyber companies from the UK (including: Garrison, iProov and Tessian) an opportunity to present their technology and software to US Fortune 500 companies. The goal of this is to create new deals.
The event was exceedingly important for both countries, as Dr. Fox explained:
“The United States is one of our closest allies, our largest single bilateral trading partner and we will see that bond continue to strengthen as we leave the European Union. This ‘trade day’ will see some of the UK’s most innovative businesses meeting their US counterparts as we continue to combat growing overseas cyber threats together. My international economic department is currently consulting on the potential of a future free trade agreement with the US, and I would strongly encourage British businesses and the public to make the most of this opportunity to share their thoughts on what this deal should include.”
Another goal of the event was to work together to fight against international cyber attacks.