Lyft, Juno Sue New York Regulators Over Rules That Could Make Them Pay Drivers More Than Uber
"Paying drivers more per-trip than the competition, the companies argue, means their fares will also have to be higher than the competition's. That in turn will scare away riders, reducing their utilization rate even further. An even lower utilization rate means even higher driver pay, necessitating more fare increases and starting the cycle all over again. " Politicians do not understand basic economics
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