Hold Your Breath And Stamp Your Feet And Pass Laws All You Want: The Price-Demand Curve Will Never Change

I know...I know...NO MATH! But this is really just a pretty picture!

Unionizing Uber

Uber lost $5.2 billion in the second quarter of 2019. New York City already imposed a minimum wage of $27.86 for Uber and Lyft. Taking an Uber in New York is now more expensive than calling for a car service. And customers voted with their wallets by looking for other options for going from A to B.

Uber trips dropped by well over a million in one month.

That million rides represented fewer passengers using Uber, fewer drivers finding a niche in the market, and less viability for the ridesharing market and the entire gig economy.

But the reality is worse. Much, much worse. It's just a crooked dodge, and any New Yorker who pays attention to the machinations of the taxi and limousine commissions scams will know what's what.

A gig economy is based around flexibility and convenience. That's a problem for municipalities which make money by taxing established industries. New York City is destroying ridesharing because it makes a fortune from auctioning off taxi medallions. Ridesharing ruined that business, so it's ruining ridesharing.

&topic=world_news"> posted by CBD at 02:00 PM

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