Yup. Most of the story of ridesharing (and the sharing economy in general) is a massive shift of profit out of the hands of monopoly rentiers (cabbies (or more

Yup. Most of the story of ridesharing (and the sharing economy in general) is a massive shift of profit out of the hands of monopoly rentiers (cabbies (or more accurately, medallion owners), hotel owners) and into the pockets of consumers. We're all paying much less for car rides than we were a few years ago, but the basic underlying cost of providing those rides has not changed much at all.