Carl Benedikt Frey noted that while robotaxis have yet to materially impact earnings, their future presence may jeopardize income for Uber and Lyft drivers. He stated, 'When prices start coming down, as the technology gets better and cheaper, drivers will feel it in their wallets.' This reflects a trend where competition has historically reduced earnings for existing service providers in the ride-hailing sector, much like what happened when Uber first emerged.
Andrew Garin explained that the increasing number of ride-hailing drivers is contributing to lower earnings, stating, 'If there are more cars on the street to give rides, an increasing supply lowers the market price for working.' This means that as competition enhances, drivers face reduced opportunities and compensation, underscoring the precariousness of gig work in the context of evolving technology.
Collection
[
|
...
]