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Food delivery service hikes prices to cover minimum wage rise

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DoorDash is planning to raise delivery fees for both New York City customers and restaurants in response to recent minimum wage increases for delivery workers.

Approximately one month after legislation mandated higher hourly minimum wages for food delivery workers, requiring them to earn at least $17.96 per hour, DoorDash has informed restaurants that they will face higher commission rates starting this Wednesday.

The news was delivered via a memo obtained by the New York Post.

Labour costs

The memo also includes a warning that customer fees will rise due to the “extreme minimum pay rate” to help offset the increased labour costs.

Eli Scheinholtz, a DoorDash spokesman, confirmed the company’s intention to introduce fees when the new minimum pay rate was implemented.

Google facing lawsuit from Florida restaurant chain

However, he declined to specify the extent of the impending fee hikes, stating that higher consumer fees would be rolled out “in the coming weeks.”

According to the memo sent to restaurants, they can expect to pay a maximum commission rate of 23% for delivery orders and 8% for pickup orders.

This aligns with the maximum allowed under New York City’s fee cap legislation, which was hotly contested and implemented during the pandemic.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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Boeing face delivery delays following guilty criminal charge plea

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Boeing’s deliveries are down after months of controversy, is it because they can’t make the planes, or because airlines right now don’t want them?

Boeing has agreed to plead guilty to a charge of conspiracy to defraud the United States in connection with the investigation into two fatal crashes involving its 737 MAX aircraft.

Boeing reported a significant 27% decrease in deliveries for June compared to the same month last year, possibly attributing the decrease to the companies ongoing controversies.

Aviation expert Geoffrey Thomas joins to discuss. #featured

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