New York City’s proposed cap on licenses for Uber and Lyft drivers would make streets less congested and benefit drivers, suggest Emma G. Fitzsimmons and Aaron Robertson of The New York Times. These companies have steadily lowered wages for their workers while adding more and more new drivers, who clog city streets with traffic. Nowadays, drivers often have to wait long periods to get passengers, which this change would help lessen. As their pay has gone down, they face high car maintenance costs themselves. Additionally, yellow cab drivers also support the cap, as it would leave them more business.
It would be wrong for New York City to artificially cap the number of Uber and Lyft cars on its streets, holds Barry Ritholtz of Bloomberg. These ride-hailing apps offer a service that has brought incredible benefits. It is also important to remember that this business succeeded because of the way yellow caps abused their monopoly of the streets. While drivers now wait longer for passengers, people needing a ride can get one quicker than ever, and they are always available. Even people of color who are ignored by yellow cabs avoid this racism with their apps. This cap would make everybody worse off and holds back the necessary progress of technology.