Uber’s Prices and Wait Times Are Up Because There Aren’t Enough Drivers To Go Around

If you’ve used an app to call a cab in the past few weeks only to find a smoking crater where your bank account used to be, you’re not imaging things: Prices on ride-hailing apps are surging as the coronavirus pandemic recedes, and companies like Uber and Lyft acknowledge that a shortage of drivers is to blame.

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Uber’s Prices and Wait Times Are Up Because There Aren’t Enough Drivers To Go Around