The incumbent taxi industry is way worse than you describe. Prices aren’t five bucks more, they’re often 2X, with worse drivers due to the lack of a passenger f

The incumbent taxi industry is way worse than you describe. Prices aren’t five bucks more, they’re often 2X, with worse drivers due to the lack of a passenger feedback loop. Not to mention that a substantial portion of those profits getting sucked up by the medallion holders, who are much more absentee landlords than Uber or Lyft. I talked once to someone who honestly thought medallion fees went to pay for driver health insurance and benefits. The status quo was just as exploitive.