New York Passes Uber Cap, Proves It Couldn’t Care Less For The Working Man

Alice Salles, Aug 13, 2018

Ride-sharing apps are under attack. And that’s because transportation policy expert Bruce Schaller, a man who’s worked for the NYC Taxi and Limousine Commission, wrote a report saying that Uber is not helping to alleviate traffic.

“They haven’t relieved congestion and probably won’t, at least anytime soon,” a Tampa Bay Times reporter explained while reporting on the study.

Listening to Schaller, the New York City Council promptly passed legislation that limits the number of licenses the local government can hand over to vehicles being used in ride-hail services each year. In addition, the piece of legislation also allows the city to set a minimum pay rate for ride-sharing drivers.

By passing these pay rules, New York becomes the first city to directly regulate Uber pay rates.

Unfortunately, economic laws demonstrate that with the government intervening so directly in the market, the tendency is to see a rise in costs for consumers. And with the city also restricting the number of new vehicle licenses, Uber may have a hard time meeting the densely populated city’s demands.

Read more about how NYC passed an Uber cap here…  

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