Given that most people don't have much of an understanding of economics, I'm sure this is a problem for Lyft's brand with many people, and they might want to reconsider their pricing in light of this.
But there is an extraordinary economics argument to be made in favor of increasing prices to increase supply and reduce the possibility for delays and shortages when there's a holiday or some other situation where many people don't want to be working.
That being said, competition is a great thing. Some people will choose taxis and some people will choose other things. Let people decide rather than politicians who get payouts to keep competitors out of the transportation marketplace.
But there is an extraordinary economics argument to be made in favor of increasing prices to increase supply and reduce the possibility for delays and shortages when there's a holiday or some other situation where many people don't want to be working.
That being said, competition is a great thing. Some people will choose taxis and some people will choose other things. Let people decide rather than politicians who get payouts to keep competitors out of the transportation marketplace.