Uber, Lyft, and Lessons on the Market for Megan McArdle

Washington Post columnist Megan McArdle had a piece today arguing that California is taking a big risk if it insists on requiring that Uber and Lyft treat their drivers as employees. The risk is that these companies have threatened to shut down their operations in the state, leaving their drivers out of jobs (actually Uber and Lyft insist they already don’t have jobs). According to McArdle, people then won’t be able to get rides and restaurants will not longer have access to a delivery services....