How exactly would they absorb the costs? Most of them aren't even turning a profit as it is
Edit: Not sure why the downvotes. I support the ordinance, minimum wages are great. But the cost is obviously going to the customers, where else would it go?
By decreasing billionaire executive bonuses, of course. You realize apps like Uver give shitty pay to the drivers and keep most of the profits for the execs, don't you?
It's also mentioned that the amount of drivers has risen sharply since the ordinance went into effect, as drivers from surrounding areas have moved in to try to take advantage of the higher prices. So yeah, doesn't sound like the ordinance is at fault, sounds like more places just need to implement it themselves
I expect this is temporary as the market adjusts to the new prices. Eventually drivers will leave since its not worth it to them, increasing the orders per driver. And some amount of people ordering will come back once the sticker shock passes. It'll work out.
That’s my thinking, too. I wonder how many new drivers started once the ordinance was passed in an attempt to catch the higher wage being spoken about.