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
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Uber, Lyft Shares Soar After California Voters Pass Proposition 22
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
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
Uber Warns Of 111% Price Hikes After California Judge Rules Drivers Are Employees
By Tyler Durden Uber has warned that it may have to hike prices up to 111%, after a San Francisco judge ruled on Monday that the ride-sharing company, as well as its competitor Lyft, must classify their drivers as employees - a move which will disproportionately affect low-income customers. The ruling means that the companies will be required to provide various benefits … [Read more...] about Uber Warns Of 111% Price Hikes After California Judge Rules Drivers Are Employees
“Uber for Everything” Is Revolutionizing Africa’s Economy
By Martha Njolomole “Since its founding in 2008, Airbnb hosts across Africa have earned more than $400 million in direct income from renting out their properties via the service.” - Reuters, 2018 When safari guide Goodwin Ndosi first heard the word “Airbnb,” he thought it was a person, not a business. “I don’t know him, who is he?” he asked. After learning more, he was … [Read more...] about “Uber for Everything” Is Revolutionizing Africa’s Economy
Uber Linked to a Reduction in Serious Road Traffic Injuries in the UK
Since its launch in San Francisco in 2010, Uber has experienced phenomenal growth, reaching six continents, more than 70 countries, and 700 cities through 2018. Whilst it took Uber roughly six years to reach the 1 billion ride milestone (March 2016), it took just two and a half more years (September 2018) to reach 10 billion total rides. Professor David Kirk from the … [Read more...] about Uber Linked to a Reduction in Serious Road Traffic Injuries in the UK