Re:Uber Co-Founder Travis Kalanick Said to Plan Sale of 29% ...
by forapurpose on Friday January 05, 2018 @12:24AM
(#16076757)
> You may be confusing taxi drivers with taxi companies owning and selling medallions
No, I'm not. In cities I know, they are politically weak. Also, when I talk to drivers, they all would rather drive taxis where they make more money, but have little choice when Uber is taking all the business. They almost universally say Uber pays less, treats them poorly (e.g., they have to supply their own car), and leaves them powerless (Uber can change rates and increase the supply of drivers any time it wants).
> for hundreds of thousands of dollars
Is this big number supposed to be impressive? Let's not forget Uber's 40 billion dollars and lobbyists who used to advise Presidents, if we want to talk about political power. It's laughable to compare taxi companies with Uber.
You should read this then - https://priceonomics.com/post/47636506327/the-tyranny-of-the....
You may be confusing taxi drivers with taxi companies owning and selling medallions for hundreds of thousands of dollars. Taxi drivers have traditionally been thoroughly exploited from having to either put all their wealth at risk from buying an overpriced medallion, or through having to work the first x hours a day simply to break even from mandatory fees. Ask a former yellow cab driver in NYC who converted to Uber to understand which company treats them better.