NYC Is Trying to End Uber, Lyft Driver Lockouts With a Pay Hike

New York City is trying to close a loophole that Uber Technologies Inc. and Lyft Inc. have used to deny drivers millions of dollars in pay with a raft of new measures that would effectively raise their rates by roughly 6.1%.

The city Taxi and Limousine Commission, which regulates taxis and rideshare vehicles in one America’s largest ride-hailing markets, is proposing to both address inflation as it does every year and make changesto the way Uber and Lyft calculate drivers’ pay that together would result in the pay hike. The agency is accepting comments and will hold a ...