I'm pretty sure Uber will raise prices the moment it kills the competition
I'm pretty sure Uber will raise prices the moment it kills the competition
This is and always will be a matter of opinion.
Uber is not putting a gun to anyone's head. If it's not profitable for you to drive, you don't have to.
But their platform has a near-monopoly in many markets, which they use to set prices while simultaneously classifying drivers as independent contractors.
They are independent contractors. There's no time you have to be at work. There's no amount of time you have to work a given day of the week, or during the whole week. If they were forced to turn them into employees, that would all go away.
I personally have a moral problem with drivers not being allowed to charge their own rate while simultaneously being labeled independent contractors.
Especially in New Jersey's case trying to retroactively tax them. California at least is just changing a law.