Lyft threatens to exit Minneapolis if the city raises the minimum wage for drivers, claiming prices could double and 'only the most wealthy could still afford a ride'

• The Minneapolis city council has advanced a bill that could raise the minimum wage for rideshare drivers.
• In response, Lyft and Uber threatened to leave Minneapolis and called on the city's mayor to veto the bill.
• "Prices could double, and only the most wealthy could still afford a ride," said Lyft.

The Minneapolis city council's move to hike the minimum wage for rideshare drivers has Lyft threatening to exit the city if the bill becomes law.