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by billy99k 619 days ago
"Cabbies, unfortunately, cannot work for a negative wage. Uber can pull that off then. And so, for 14 years, they never turned a profit. Losing hundreds of millions a year."

I'm not even talking about the wage aspect of the business. Before Uber and Lyft, getting a cab was inconvenient. Mostly telephone or hailing it in-person. Uber and Lyft forced them to innovate. There are now apps available to get a cab in almost every major city.

Why did it take the Uber/Lyft disruption to get something like this? Because the cab companies didn't need to compete and the unions kept this monopoly in place.

1 comments

I fail to see how using an app is more convenient than hailing in person or using the telephone.

What happens if you don't have the app or don't want to download it? We really have to sit down and make an account and do all this bullshit?

It's "more convenient" because you've been influenced. But, certainly, I can make a phone call faster than calling an uber. And I can do it without any data or without even a smartphone. In actuality, it's not more convenient, it's just less human.