December 3, 2021

Info IEC

Business & Finance Information

Uber and Lyft Thought Costs Would Normalize by Now. Right here’s Why They Are Nonetheless Excessive.

Individuals hailing an Uber or a Lyft experience nonetheless face elevated costs resulting from a scarcity of drivers—the newest instance of how a decent labor market is costing shoppers extra whereas additionally elevating pay for staff.

Uber Applied sciences Inc. and Lyft Inc. had anticipated most drivers to return to work after federal unemployment advantages expired nationwide in September. However that’s occurring solely slowly. Fares have solely marginally inched down from their summer season highs.

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