News and Commentary

Amid Driver Shortages, Ride Share Companies Hike Prices By 40%

Ben Zeisloft
Amid Driver Shortages, Ride Share Companies Hike Prices By 40%
Matthew Horwood/Getty Images

Ride-sharing companies like Uber and Lyft are hiking prices.

The phenomenon occurs as businesses struggle to attract workers, limiting owners’ capacity to serve consumers ready to participate in the economy after widespread government-mandated lockdowns.

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