Supply and demand is not the only actor at play in employment. Otherwise, you wouldnt need minimum wage, or laws of any kind to protect employees (or businesses

Supply and demand is not the only actor at play in employment. Otherwise, you wouldnt need minimum wage, or laws of any kind to protect employees (or businesses) from the other side. And also, in the particular taxi-driving business, the problem is not supply/demand of drivers, its of city permits to be a taxi driver. Drivers working for Uber/Lyft do not take the same abuse as taxi drivers. The taxi business is a racket, made by people that took that business, got an advantage in that time, and could make laws to their own benefit. Uber found a loophole in those laws, and got to be a winning player in that market. And now, they are going to be one of the actors in redefining the new set of laws regarding this,