New York City is right to put the brakes on Uber’s rampant growth
See the original posting on The Verge
Uber is at war with New York City government. The City Council is expected to vote tomorrow on a new proposal that would impose a one-year slowdown in the number of new vehicles it can license for its fleet. The city says it needs time to study a rapid increase in congestion happening in its crowded urban core. Uber says the cap would eliminate 10,000 new jobs it had planned to create. And because the taxi industry was a donor to the mayor, Uber painted the the effort to slow down the addition of new vehicles as an act of corrupt protectionism for the ailing incumbents.
Three months ago, the taxi industry put forward a proposal to protect the status quo, and limit competition and innovation. Today, the de Blasio administration and…