‘Regulatory Headaches’ Aren’t Going Away for Uber and Lyft Any Time Soon

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The endgame here is autonomous vehicles. Both companies will cannibalize themselves if the workers are able to unionize.

Last year in Economist:

The trouble is, as competition increases, ride-hailing becomes a commodity business. Customers care little whether they ride with Uber or Lyft, as long as it gets them from A to B. That means neither firm can easily increase profits by raising fares, but may instead have to offer discounts. Likewise, the ride-hailing firms do not own their cars: their drivers do, and so have no reason to be loyal. That forces the firms to pile on incentives to stop drivers from deserting, kicking profits even further down the road.
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https://www.economist.com/business/2019/04/27/can-uber-ever-make-money
 
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