This same argument was made when Austin required fingerprinting for drivers and Uber and Lyft left.
What happened? Their was a flourishing of new ride share companies, including a local nonprofit, RideAustin. Yes, at first, these apps were nowhere near the level of Uber/Lyft, but they quickly improved, especially RideAustin. The prices were slightly higher, but it seemed those prices reflected the actual cost of the service without the VC subsidy.
I dread taking a taxi and I'm no friend of the formerly entrenched taxi companies, but this idea that making some sensible regulations that these multibillion dollar VC-subsidized tech companies need to follow is "anti-innovation" is BS.
What happened? Their was a flourishing of new ride share companies, including a local nonprofit, RideAustin. Yes, at first, these apps were nowhere near the level of Uber/Lyft, but they quickly improved, especially RideAustin. The prices were slightly higher, but it seemed those prices reflected the actual cost of the service without the VC subsidy.
I dread taking a taxi and I'm no friend of the formerly entrenched taxi companies, but this idea that making some sensible regulations that these multibillion dollar VC-subsidized tech companies need to follow is "anti-innovation" is BS.