The big news here isn’t that passengers get lower fairs and drivers who speak English, it is the crash in pricing for the cab medallions which means less government revenue.
If the corrupt politicians didn’t demand $1,000,000 for a ‘medallion’ to drive a cab, then taxis could be much cheaper.
I always wondered about Uber. Do the drivers carry extra liability insurance? Do they clue in the insurance company that they are using the vehicle for a business? Different state rules/taxation for business use of vehicle as well. Payroll taxes or estimated tax payments?
So do they know what they’re doing in that regard, or are they just winging it?
I think services for cabs already exist and Uber has their own service for cabs, too I believe.
This will be a win-win for everybody.
It's like when Apple came out with the iPhone. At first, the competitors resisted it as they had such high margins and near total control of the platform with their "feature phones". But they quickly realized that they needed to adapt to the app driven platforms of iOS and Android to survive and turn over control to the end users. Those that didn't move fast enough (i.e. Blackberry) did not fare well.
We are going through the same thing with the cable industry. People don't want to have 500 channels forced down their throats. They want to cherry pick and only pay for the channels they want. Netflix and Hulu are leading the way, along with Apple TV and Amazon Prime.
Since I can’t drive anymore I use Lyft. Better service, better drivers.
Competition is evil! everyone should be equal!/s
All I know is that there has to be a better way to run the taxi / limo industry. And its not like the taxi drivers themselves are getting rich. Most of them are driving long hours in dangerous conditions to make not much money. So if its the cab companies who are getting rich, then this is probably good.
Here in S. Florida Id like to see all the taxi drivers taken out to sea.......
“Build a better mousetrap”....
Um, the Obama economy also sucks and has his whole freaking term. The money pumping is just inevitably losing effect.
what happens to uber when taxi companies have a fleet of self driving cars?