(Bloomberg) -- Uber drivers plan a strike outside the company’s New York City offices Monday to protest price cuts.
Last week Uber Technologies Inc., the ride-hailing leader, reduced its uberX rates in New York City by 15%. A trip from Midtown to LaGuardia Airport is now $37.12, compared with $43.67 before.
The lower fares mean drivers don’t have as much down time between trips, said Matthew Wing, an Uber spokesman. Over the weekend, drivers spent 39% less time without a fare and as a result saw a 20% increase in hourly earnings compared with two weekends earlier, Wing said.
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