The mayor of Minneapolis has vetoed an ordinance approved last week by Minneapolis City Council to establish a minimum per-mile pay rate for Uber and Lyft drivers in the city.
Instead, Mayor Jacob Frey announced an agreement with Uber (NYSE: UBER) that will guarantee a pay rate to its drivers that will equate to the Minneapolis minimum wage, which, depending on company size, is either side of $15 an hour. The agreement on a minimum wage appears to only apply to Uber, as Lyft has not indicated it...