Yes, if you really need to get from A > B, your "willingness to pay" can afford the price hike. Sure, you'd rather pay less money for what you buy, but that goes for everything in life. Point is you still buy it.
If you didn't really need that uber, you get back to walking, biking, or busing. Or decide not to take the trip.
Well, yes, but the question is whether it is good or bad for society to add regulations that lead to driving up the cost of "taxi" services and people potentially being unable to get places.
You might be helping the small segment of low income drivers, but hurting plenty of other low income users who may have difficulty paying higher prices. I have no idea what the net effect is, but what worries me is the state (as far as I'm aware) didn't run such an analysis before passing such far reaching laws.
If you didn't really need that uber, you get back to walking, biking, or busing. Or decide not to take the trip.