Lyft and Uber say they will leave Minneapolis if the mayor signs a minimum wage bill for drivers::Lyft and Uber threatened to stop doing business in Minneapolis after the city council adopted a new rule Thursday that would set a minimum wage for rideshare drivers.
And whose business plan is to use VC money to undercut existing taxi services and drive them out of business so that they can increase prices to a profitable point (and beyond!).
I have little sympathy for the taxi companies. They were terrible at what they did for so long. I can still remember the last two taxi rides I had in my life.
Me stuck a 5 minute drive from work. Every cab company I call wants 40 dollars and only in cash. Why? Because it crossed a town and county line. It took 4 calls before I found one that would take plastic.
A year later going to the airport and I am fighting a migraine. No AC, cab was filthy, ads are blasting, and smelled. Hey can you turn off the advertisements? I can’t. Buddy I have a really bad headache can you please turn it off? I can’t do that. I will give you five dollars to turn it off. It goes off.
Yeah, it wasn’t like the taxi industry was all sunshine and flowers before Uber existed. I cheered them on in the fight for a while before realizing they weren’t my champion but just wanted to replace the existing taxis with their own and had to hike up prices eventually because they were losing tons of money in the meantime.
