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But currently Uber is cheaper than cabbies anyway. You're saying Uber will drop rates even lower?
by cm2012 11y ago
But currently Uber is cheaper than cabbies anyway. You're saying Uber will drop rates even lower?
- dopamean 11y agoI have never taken an Uber in NYC that was cheaper than the equivalent cab ride. Somehow it always manages to work out to more.
- brianwawok 11y agoNot rate to customer. Rate to drivers - which makes the good drivers leave. In a new market Uber will pay something like 95-110% of fares taken in to drivers (not exact numbers, would need to look). Over the long run I think it drops to 60-70%, or something significantly worse (as clearly paying drivers 110% of income is not sustainable).
- dotBen 11y agoNot true. Uber sets a commission (differs across different markets) with a new driver and that's what they get from the miles + time portion of the fare. If Uber decides to change the commission it almost always grandfathers existing drivers to what they had when they joined.
- billmalarky 11y agoWell sure, they don't have a monopoly _yet_.
- jessaustin 11y agoSurely there is enough driver turnover that this is a distinction without a difference.
- devindotcom 11y agoyou also pay less when you don't tip - there's none included in the uber fee.