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by pythonwutang
2481 days ago
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This is an attempt to push Lyft out of CA by raising the cost side of the equation but that cost will eventually have to be passed to riders, which will dramatically drop demand. If the minimum wage law passes and they subsidize rides long enough to edge out Lyft then they finally get the monopoly they’ve been promising investors for the last decade but they also lose a huge amount of their TAM. The laws of supply and demand will eventually come into play. And of course once they get their monopoly they will raise prices further to get profits and at that point I’d guess they would only be slightly less expensive then Taxis were before all this gig economy craziness. |
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Regarding a different, recent "olive branch" type proposal:
"The one thing they don’t want to give you is the thing that you need to get. This offer from Uber and Lyft is like a kidnapper offering you a softer blanket, as long as you agree not to ever escape. No thanks. These companies know very well that once their workers become actual employees, they will get a host of benefits automatically, and they can formally unionize to win themselves many more benefits and increased pay. These companies, which have never made a dollar even while exploiting their workers, fear this. So they offer some concessions." [1]
[1] https://splinternews.com/if-uber-wants-it-its-bad-1835514222