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by viraptor
2113 days ago
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> Uber and Lyft are more than willing to leave all of California rather than stay and deal with the regulation. Ok. And why is that bad? The office work / engineers will stay. If there's need for transport, the drivers will work for transport in other ways. If nobody wants to pay for better conditions of drivers, then we just exposed the VC funding as unsustainable in a long run - it would happen sooner or later. |
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Like I mentioned in the post above, regulations don’t exist in a vacuum, just because you say something should be a certain way doesn’t mean it will be. There are costs, and Uber and Lyft have determined that it’s not economically feasible for them keep operating in California under those regulations.
If we’re ok with California regulators dictating what jobs should exist regardless of what the market can support, then this is the result.