This is ignoring how much more expensive it will be if the drivers are employees. I don't know how much that is, but I'd imagine in addition to those $2 it would likely add another 30% or so to the total cost (someone more knowledgeable please chime in with a better estimate). Of course that's assuming you're operating at Uber's scale (there are still overhead costs), but since prices go up you aren't, so now the prices need to go up even more!

I don't know where the equilibrium point is, I just know it's higher than what Uber is charging. My extremely hand-wavy guess is rides would need to cost around 50% more.

> I don't know how much that is, but I'd imagine

There's your problem. I think you need to go and research and see how much an employee costs to the employer in CA. In terms of taxes, overhead, accounting, insurance, and everything else CA demands.

If that was only in the US or other wealthy economies, maybe. But they're an international company. Some of those rides are in places where a $2 increase doubles the price of the ride. I think it would be more revealing to compare with their total receipts and see the % change that would be required.

The proposition is California-specific. Will not change anything outside of CA.

This comment thread is discussing Uber's profitability and how much they'd need to raise prices to break even independent of Prop 22.