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Financial Newsletter for Free Marketeers and Libertarian Entrepreneurs

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Lyft

Uber, Lyft Prices and Wait Times Are Surging—Here’s Why

June 4, 2021 by Counter Markets

By Brad Polumbo Millions of Americans, myself included, have come to rely on ride-sharing services like Uber and Lyft for convenient and affordable transportation. But in recent months, we’ve seen skyrocketing prices and long wait times just to get a ride. As it turns out, the government is to blame, to no surprise. First, let’s be clear: We’re not just talking about … [Read more...] about Uber, Lyft Prices and Wait Times Are Surging—Here’s Why

Uber, Lyft Shares Soar After California Voters Pass Proposition 22

November 4, 2020 by Counter Markets

By Tyler Durden According to the Associated Press, gig economy companies Uber Technologies Inc., Lyft Inc., and DoorDash Inc. have prevailed in their expensive quest to keep drivers classified as independent contractors. California voters approved Proposition 22 Tuesday evening, which would exempt gig-economy companies from a state law requiring them to classify their … [Read more...] about Uber, Lyft Shares Soar After California Voters Pass Proposition 22

Ride Sharing and the Absurdity of “Protecting” Workers Out of a Job

August 22, 2020 by Counter Markets

By Raymond C. Niles Lyft and Uber have gotten a temporary reprieve and have been walked back from the gallows. A California appeals court has issued a temporary restraining order barring enforcement of California law AB5, which would have forced both companies to reclassify their drivers as employees, rather than as independent contractors. Both companies had planned to shut … [Read more...] about Ride Sharing and the Absurdity of “Protecting” Workers Out of a Job

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