Uber and Lyft thought prices would normalize now. Here’s why they are still high.

Americans who pay homage to an Uber or Lyft ride are still facing increased prices due to a shortage of drivers – the latest example of how a tight labor market costs consumers more while raising wages 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 it only happens slowly. Prices have only marginally fallen from their summer highs.


Leave a Comment