The issue is: The qualifications needed are basically to be 18 and own a valid driver's license. The labor pool is basically infinite. So naturally offer and d

The issue is: The qualifications needed are basically to be 18 and own a valid driver's license. The labor pool is basically infinite. So naturally offer and demand will dominates the market and an equilibrium will be reached where it's barely profitable to drive. Cities tried to set minimum prices for rides, which in turn reduced the amount of rides so an other equilibrium point was achieved.