Lyft and Uber to cease operations in Minneapolis after new minimum wage law | CNN Business

New York CNN  — 

Lyft and Uber will stop offering services in Minneapolis on May 1 after the city council overrode the mayor’s veto of a minimum wage for rideshare drivers.

The city council on Thursday voted 10-3 in favor of the override, allowing rideshare drivers to be paid the local minimum wage of $15.57 an hour.

Lyft said in a statement the bill was “deeply flawed” and that the ordinance makes its “operations unsustainable.”

“We support a minimum earning standard for drivers, but it should be done in an honest way that keeps

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