Why did the prices for Uber/Lyft rise everywhere else too?
It wasn't Seattle laws that did that.
It's that those companies needed to go from Growth-Mode to Margin-Mode. They could no longer sell VC dollars for dimes.
It wasn't Seattle laws that did that.
It's that those companies needed to go from Growth-Mode to Margin-Mode. They could no longer sell VC dollars for dimes.
Presumably it rose in Seattle higher/faster than it would otherwise. The source that he provided in a sibling comment says sales dropped "immediately", which seems to corroborate this. It's lazy to argue "well prices rose elsewhere too so the minimum wage law couldn't possibly have had an impact"