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New Study Finds Uber Doesn’t Put Taxi Drivers Out of Work, But Does Drive Down Pay

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chawes
756 Rider Guru
 Posted 5 years, 6 months ago

http://fortune.com/2017/01/28/uber-taxi-oxford-labor-data/

Comments

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    TonyAlmeida
    1149 Rider
     5 years ago

    Taxi drivers usually lease their taxis so they can just swap to driving ubers instead. (assuming they have access to a car).  It's the taxi companies that are struggling the most. 

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    chawes
    OP 756 Rider Guru
     5 years ago  (edited 5 years ago)

    Makes sense. Uber and its ilk have simply increased the supply of drivers, law of supply and demand takes over.

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    lilly
    1026 Rider Guru
     5 years ago

    Yep, Uber's fares are so low and the company takes 20-25% of each fare making the drivers earning potential extremely low. It will be interesting to see where it all levels out one day.

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    CTG07
    223 Rider
     5 years ago

    Well, I can voach as a driver, we get paid squat!