NYC Mayor Planning To Make Cap On New Uber, Lyft Drivers Permanent


This is about protecting politically influential cab companies, not consumers. ( Looks like these companies aren’t paying up in campaign contributions.)

(From Zerohedge)

The number of for-hire vehicles on city streets ballooned in the months leading up to the imposition of the cap in August, with the city registering 2,000 new vehicles per month. Uber complained that the city’s cap hit drivers’ pocketbooks, as drivers rushed to borrow money to buy and register vehicles earlier than they had anticipated.


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