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by ummonk 2589 days ago
Cartels colluding together to artificially reduce supply in a market is often considered illegal market manipulation. That lyft is acting as a middle-man to set market-clearing prices here doesn't change that.
1 comments

This was brought up elsewhere in the thread, and it's a valid concern. But consider that this might instead be a strike. Drivers want to be paid $Y, so they refuse to work until Lyft agrees.

I'm not sure where the line is between the two. But given that the market in question is the drivers' labor — and the ongoing question of whether the drivers are employees or contractors of these multi-billion dollar companies — I'm inclined to consider this "labor organizing" rather than "price fixing".

Yeah, and I'm not sure what's described in the article need even be considered "labor organizing". It seems to be just drivers exercising their power to not drive if the market rates aren't high enough. It seems like the weird signing off from the app actions wouldn't be needed if Lyft had better provisions for drivers to enter the rates that they're willing to provide rides at.