Connect with us

Hi, what are you looking for?

Tech

Uber and Lyft Thought Prices Would Normalize by Now. Here’s Why They Are Still High.

Uber and Lyft Thought Prices Would Normalize by Now. Here’s Why They Are Still High.

Americans hailing an Uber or a Lyft ride still face elevated prices due to a shortage of drivers—the latest example of how a tight labor market is costing consumers more while also raising pay for workers.

Uber Technologies Inc. and Lyft Inc. had expected most drivers to return to work after federal unemployment benefits expired nationwide in September. But that is happening only slowly. Fares have only marginally inched down from their summer highs.

You May Also Like

Health

Kashechewan First Nation in northern Ontario is experiencing a “deepening state of emergency” as a result of surging COVID-19 cases in the community...

World

The virus that causes COVID-19 could have started spreading in China as early as October 2019, two months before the first case was identified in the central city of Wuhan, a new study...

World

April Ross and Alix Klineman won the first Olympic gold medal for the United States in women’s beach volleyball since 2012 on Friday,...

Sports

Greater than 100 Broncos previous and current had been among the many 500 who attended the ceremony Monday in Atlanta that honored Thomas, who...