RIDEGURU
New Study Finds Uber Doesn’t Put Taxi Drivers Out of Work, But Does Drive Down Pay
Posted 7 years, 9 months ago
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Posted By
Chris Hawes (chawes)
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Guru
Ride Guru from Boston, MA
CTO of RideGuru, tech expert & enthusiast
Chris has been involved with the Taxi industry since co-founding TaxiFareFinder.com in 2007, and has been an avid follower of the rideshare industry since its inception. An expert in full-stack web design and development, Chris oversees all the technical aspects of Unleashed's innovative products.
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Comments
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.
Makes sense. Uber and its ilk have simply increased the supply of drivers, law of supply and demand takes over.
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.
Well, I can voach as a driver, we get paid squat!