Time and time again, Uber has shown that undercutting their competitors in pricing is not done through smart technology or better business models, but by avoiding regulations and getting away with inhumane wages.
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Which is that in some cases it is better to have some unemployed people and some (ideally a lot more) people earning a good wage, versus both groups earning a crappy wage. Combined with a welfare system.
There are, of course, paid professional conservative economists who will tell you whatever their bosses want them to in support of pro-billionaire economic policies.
Why not increase it to $500 an hour then? When you increase the price of cigarettes, people buy less cigarettes, when you increase the price of cars, people buy less of it. What do you think happens when you increase the price of labor and why do you think it has magic powers that makes it avoid these basic laws of economics?
What about people who prefer to work for Uber for $4 per hour rather than stay unemployed? Would you tell them "Sorry but this is inhumane, I can't let you do that to yourself and I'm ready to vote laws to forbid you to do as you please with your free time and send people like you to jail if they persist"? Do you know better than they do what's best for them and how they can use their own body? Doesn't that make you an authoritarian?
Try and understand that not everyone thinks employment is the end goal, rather being able to live a decent life is and that requires a livable wage and most of the western world has decided it's better to have a decent safety net that defines that floor than to let people be forced by circumstances to work for less than a livable wage. Try and understand what the words "wage slavery" mean to those who find meaning in that term, regardless of how you feel about it.
All democracies are authoritarian in the sense that you use the word; the minority will always feel wronged in some way by the majority forcing them to do things they're ideologically against. Using the word in that way makes it meaningless and makes your argument look weak.
I mean, do people not get how little money this is?