Re:Lyft Loses $600M in 2016 as Revenue Rises to $700M
by disordinary on Sunday January 15, 2017 @01:54PM
(#13405637)
That's why I said in many cities.
In quite a few cities the Taxi industry is the only opportunity for immigrants and they're forced to work long hours in rented vehicles for very low wages. That's not good. In other cities the taxi industry requires quite a lot of education and is harder to get into.
Where I live Uber drivers are often taxi drivers, they pull the taxi signs off their cars when they get an Uber pickup, despite the fact that we have a fairly exploitative taxi system they say that they get paid less by Uber.
Ultimately there are dozens of taxi companies and one Uber, those taxi companies range from very large to tiny but none of them can afford to run sustained losses to knock out competitors like Uber.
In quite a few cities the Taxi industry is the only opportunity for immigrants and they're forced to work long hours in rented vehicles for very low wages. That's not good. In other cities the taxi industry requires quite a lot of education and is harder to get into.
Where I live Uber drivers are often taxi drivers, they pull the taxi signs off their cars when they get an Uber pickup, despite the fact that we have a fairly exploitative taxi system they say that they get paid less by Uber.
Ultimately there are dozens of taxi companies and one Uber, those taxi companies range from very large to tiny but none of them can afford to run sustained losses to knock out competitors like Uber.