The alternative scenario is that either Uber/Lyft or another company abides by the rules, and deliver the same service with hired employees. The demand is there. Yes, it will become a bit more expensive for the consumer, but that price difference, is what it costs to give decent benefits and rights to workers.
That's not true. The demand is there because the cost makes sense. I had a car, but after considering the cost of owning (and parking) that car, I found that I was better off not having a car and relying on Uber when I need to get somewhere that requires a car. If that math no longer makes sense, I'll probably go back to driving.
> The alternative scenario...
Another scenario is that Uber hikes prices, people cease to use their services because they are too expensive, and the company fails, and all these drivers lose their jobs, and customers lose the service, which will double-hurt the working class because rich people can afford their own cars and/or expensive taxis.
The drivers are not exploited. Had their have better options, they would be working elsewhere. You want to help them, give them better options, make opening business easier and so on. Not kill their options.
Ehh... I'm wasting my time... Socialists are the worst enemy of the people the claim to want to protect.
I'd be very surprised if this turns out to be true. Ridesharing is competing with public transit, personal vehicles, walking, etc. If prices significantly increase, the market size will go back to what it was before Uber.