New York’s city council dealt a political blow to Uber Technologies Inc. and other app-based car-for-hire companies by approving a one-year industrywide cap on new licenses and giving the city Taxi & Limousine Commission authority to set minimum pay standards for drivers.
The passage of sweeping industry regulations signaled politicians’ changed attitudes toward the so-called gig economy and electronic car-hailing services such as Uber, Lyft Inc. and Via Transportation Inc.
