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.