It's easy for middle and upper income individuals with disposable income to advocate for these kinds of laws. If you're using Uber to get home from the bar late at night once a week, an extra 25% is no big deal.
But if you're on the lower income scale and you need Uber to help you get between your second and third job (because you can't afford a car and public transit is unreliable) or you need it to get to a doctor's appointment, this kind of change is a big deal.
What will also likely happen is that ridership decreases at the margins. People won't cut it out completely, they'll just use it proportionally less. Drivers might make a little more, but fewer drivers will be able to make any money at all.
But if you're on the lower income scale and you need Uber to help you get between your second and third job (because you can't afford a car and public transit is unreliable) or you need it to get to a doctor's appointment, this kind of change is a big deal.
What will also likely happen is that ridership decreases at the margins. People won't cut it out completely, they'll just use it proportionally less. Drivers might make a little more, but fewer drivers will be able to make any money at all.