Uber, Lyft Will Not Roll Back to Pre-Pandemic Prices

Have you realized that Uber and Lyft rides are 50 percent costlier than their pre-pandemic prices? In this Wall Street Journal video, find out why the ride-sharing apps are increasing their rates and not providing any discounts. The demands for rides went down during the pandemic, so the drivers had to look for employment elsewhere. Meanwhile, the companies had to provide unemployment benefits to existing employees. Though most countries are reopening their roads and businesses, drivers find the delivery app services a much safer employment alternative. Uber and Lyft are trying to attract them back using bonuses. All these reasons are leading to a price hike. Though more drivers are returning to their jobs, the ride-sharing apps will not return to their pre-pandemic prices. Watch more in this Wall Street Journal video.

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