DYNOMIGHT INTERNET NEWSLETTER • 937 implied HN points • 02 Jan 25
- When minimum prices are set for things like rides, it can actually make drivers wait around more without getting paid, which ends up lowering how often they drive.
- Even if the pay seems higher, drivers may not earn more overall because they spend less time actually working when demand drops due to higher prices.
- In the end, customers often pay more and get fewer rides, which doesn't help anyone in the long run; it's like paying drivers to do nothing while traffic increases.