I think if this sort of thing happens in a lot of places, we’re going to see how quickly that $62 billion valuation evaporates. I also predict that venture capi

I think if this sort of thing happens in a lot of places, we’re going to see how quickly that $62 billion valuation evaporates. I also predict that venture capitalists will eventually tire of subsidizing everyone’s rides much faster if Uber and Lyft drivers become bonafide employees (almost certainly the right thing considering the majority of drivers). Of course there’s always the possibility that they’ll be able to ride things out until autonomous fleets are real, but today’s combination of ride prices with tomorrow’s increased compensation for drivers won’t be sustainable for long. That said, I’ve been participating in a beta of another TNC that uses bonafide employees as drivers. The most interesting thing to me in that service is how much less scarily aggressive the drivers are. It’s almost as if paying them a wage makes them less stressed...