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A gentle reminder to every one that Uber and Lyft (though mostly uber) broke the monopoly that was considered un-breakable. Such companies aren't supposed to p
by mises 7y ago
A gentle reminder to every one that Uber and Lyft (though mostly uber) broke the monopoly that was considered un-breakable. Such companies aren't supposed to provide a "living wage", they're supposed to be "gigs" on the side. Some people to live off them because they don't have jobs at the moment, but I'm not sure that makes it incumbent upon the services to change their models. You can have a day-job and also drive a bit for a ride-hailing service. They've provided more opportunities for people to pick up some extra work, in an industry where the previous option was zero dollars for any one trying to drive a taxi on the side.
Bear also in mind that cities may have an ulterior motive of their own. Always ask, "Qui bono?" They sell expensive licenses, and don't like a revenue stream being lost (even if it's better for constituents). Maybe this is for the better, maybe not; but the motive of the cities is likely self-interest.
On the other hand, Uber's long-term play is quite possibly self-driving cars. I'm guessing that this is the route all taxis will go eventually, but it's also worth considering that Uber is not sustainable without continuing investment as it stands today.