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Uber and Lyft Thought Prices Would Normalize by Now. Here’s Why They Are Still High.

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People hailing an Uber or a Lyft journey nonetheless face elevated prices attributable to a shortage of drivers—the most recent occasion of how an honest labor market is costing customers further whereas moreover elevating pay for employees.

Uber Utilized sciences Inc. and Lyft Inc. had anticipated most drivers to return to work after federal unemployment benefits expired nationwide in September. Nevertheless that’s going down solely slowly. Fares have only marginally inched down from their summer season season highs.

https://www.wsj.com/articles/uber-and-lyft-thought-prices-would-normalize-by-now-heres-why-they-are-still-high-11635586381?mod=pls_whats_news_us_business_f | Uber and Lyft Thought Prices Would Normalize by Now. Proper right here’s Why They Are Nonetheless Extreme.

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