We The People

We The People

Monday, September 24, 2018

New York City Just Sent Its Transportation Industry Back to the 1930s | The Heritage Foundation

New York City Just Sent Its Transportation Industry Back to the 1930s | The Heritage Foundation:

Image result for flickr commons images New Yourk taxiThe consequences are predictable: Service shortages and higher prices are inevitable when artificial caps prevent supply from growing to meet demand. Taxis experienced both problems, and now Uber and Lyft will, too.
Those high prices will only be worsened by the proposed $17.22 minimum wage for drivers—an average pay hike of more than 22 percent, some estimate. Consumers will bear that cost.
And that’s just to start.

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