2 ms·
This reeks of regulatory capture in the making. I don't understand at all. How we got here: 1. Taxis are various forms of monopoly everywhere they exist 2. Sta
by kryogen1c 7y ago
This reeks of regulatory capture in the making. I don't understand at all.
How we got here:
1. Taxis are various forms of monopoly everywhere they exist
2. Startups Lyft/Uber capture market share because riders want an option
3. Drivers _flock_ to use this system voluntarily that didn't exist at all before and make money if they want to
4. ???
5. Drivers are being taken advantage of by evil corporations
Lyft and Uber are already operating at a loss. If this forces upward wage pressure in CA, do they just stop existing there?
- wheelerwj 7y agotwo things: 1) Equating Uber and Lyft to taxis in the sense of employment rights isn't a fair comparison. 2) All that's going to happen is that Lyft and Uber are going to increase their prices to cover the cost of the overhead. The market will determine if the increased cost is worth the convenience.