Earlier quoted context omitted.
The immigrants driving 12 hours a day are paying hella rents to the taxi companies for that privilege. There is a reason NYC taxi medallions were being traded for over $1M, because the taxi companies lobbied to limit the supply of taxis and were making massive profits leasing those medallions to drivers.
There are other reasons why you'd want to limit the number of drivers. It is not good for NYC to have too many taxis, or too many Uber or Lyft drivers. There should be enough, but there is a point where there are too many people driving through the streets of NYC looking to pick up riders.
> There should be enough
And who gets to decide how many is "enough" or "too many"?
Shouldn't it be the voluntary actions of individuals coordinated by the price system, rather than a centralized planning board? When ride prices are very high, new competitors come in to serve the demand. When prices are low, the least efficient cars stop giving rides, and the supply shrinks. The price system coordinates the actions of countless individuals without the need for a central planner.
Note: I'm not defending Uber / Lyft in any way, as I'm not familiar enough with the latest drama.