Congrats geniuses, you just raised the cost of your next Uber/Lyft.
Democrats are retar dad when it comes to money. Actually they should study physics instead, specifically Newton’s third law.
You can’t just regulate something and think it will magically cure the problem. There are always side effects these politicians don’t think of.
E.g.,
Raising minimum wage just means restaurants will fire more people or raise their prices to cover increasing costs of maintaing a staff. Let the free market determine a fair wage. Thats what happened to FANG and why SWE salaries are so high. You need to have a skill in demand and companies will pay you market value for that skill.
Having rent control actually increases the cost of housing because people in rent controlled buildings never want to leave, and landlords know their place is under rent control so once it is vacant they will jack up the price for sure.
Taxing uber/lyft just means they will pass on the cost to its customers.
🤦
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