Uber did not destroy the NYC cab market, it broke the yellow cab monopoly created by the medallion system. In 1937, NYC passed an ordinance requiring each cab to have a medallion. A set number of medallions were created, and cab owners could obtain them on a first come first served basis. No medallions have ever been created since, and the price of a medallion rose to about 250K. The rise of uber has reduced the value of existing medallions to something like 30-50K and falling, because no monopoly power accrues to medallion owners any more.
I had just been discharged from a major Baltimore hospital following brain surgery. They called for a cab to take me to the Amtrak station. I waited outside and tried to hail numerous passing cabs. None would stop. Finally, after hours, one did stop and take me to the station. I asked the driver about my experience and he said none stopped or were dispatched because they wanted longer, more profitable fares. I have never used a cab since and hopefully never will. Before that, the most frightening event I can remember was a cab ride between the airport and downtown New Orleans. The foreign driver chatted about the weather while going at extremely high speeds, weaving in and out of traffic, not signalling, other drivers dodging him, horns blowing, etc. It was like a scene from Demolition Derby.
Uber just proves that more libertarian business with fewer regulations offer better service and better prices. Taxis in my town were forced to cut their ridiculous fares in half to compete when Uber came in.
Taxi fares for a 10 minute ride here used to cost as much as renting a car for a day.
I used to work 12 hour shifts for a taxi company (in michigan)...after paying the lease, filling the tank and cleaning...id sometimes take home less than $20...uber is more efficient for both the rider and driver....
Uber made the industry better. Technology is here to help us. I recently used this new app to find parking on the street, this made my life so much easier, just like an Uber does. Korki by People over profit LLChttps://itunes.apple.com/us/app/korki/id1280422784?mt=8 for those interested check it out. Technology is the future
ride sharing did not just 'swoop in' and take over market share, UBER paid thousands of dollars in campaign contributions and lobbying efforts; have you ever met a lawyer who turned down money for service rendered..? The predatory practices of UBER have accomplished the near complete destruction of taxi service in my city, even as UBER charges now exceed the city taxi meter rate by almost double. fyi
I live in the Montreal, Quebec area. Uber is now here for a few years. They do not pay the taxi permit wich is a few houndreds of thousand dollars. Now just as NY's medallions, it is nearly worth nothing anymore. M'y grandpa was a taxi driver, my dad started life as a taxi driver. This to me Is simply unfair that taxi owners owe their shirts on their back and that these individuals just puts the money in their pockets. This is not their fault, nor Uber, but the gvnt to simply look at it go by and do nothing. They could either refund the medallions or make it that Uber has to do the same. I never call Uber. I either take the bus or call a regular cab. The gvnt here don't do anything either. A lot of these drivers are immigrants that can't get a job. Money and Power rules the world. This is a great exemple,
Michelle, I totally agree. A professional taxi driver in a Minivan is a much better choice than some random guy who shows up with a tiny car that can't transport your luggage. And you hardly ever hear of criminals driving taxis, whereas lots of Uber/Lyft drivers are shady.
Yellow cab companies destroyed themselves by ignoring other parts of N.Y....I waved a cab 1 day he asked me where I was going ...Staten Island he said no only Manhattan...he can work in staten island wtf...Uber life saver
1 throw away line about - the biggest factor in WHY taxis exist in the first place. Paying customers & their need to travel from A to B. 3:20 seconds of moaning about profits being lost yada yda - Focus on what people are paying for & what they need and the damn profits will follow. Corporations think they exist solely to make profit and most of us let them get away with it.
I'm so glad they're feeling it in their pockets. Don;t be shock!! In 2018, yellow bellies still refuse to stop ✋ for some people. Recently witness several cabs passing people who was waving in the wind for a ride. Both times, I was on my way home. I joined them in helped hailing a cab. THANK GOD for uber, lyft and private 🚗 services. I travel door to door by car. 🖕the yellow 🚖 industry.
I do not get the excitement about Uber/Lyft. Cities are stuffed with cars, congestion has become a major problem. Researchers advice cities to imply transportation-fees to Uber/Lyft. They can be as high as a medaillion nowadays. 50% of Uber-Drivers quit within a year and on avarage work way below minimum wage. After building up a monopoly and taking away subsidy prices will rise and due to a lack of competition can be as high as Uber wants. Yes, yellow cabs have missed the point where they should improve in customer service and digitalisation. But please do not be shortsighted - we are buiilding a monopoly and will regret putting local transportation in the hands of one player. And yes, of course everyone knows an Uber-driver that makes 100k...really? That would be a shitload of rich Drivers wandering around the streets. We tend to bookmark these exceptions. Research and reality differs from that.
You mean there is an alternative to a Russian or a Pakistani driving you in a filthy cab reeking of stale smoke, and having no idea how to get to your destination; how awful
What a big surprise that New Yorkers are ambivalence about cabbies having it tough, call it payback. Uber now take care of those awful Vegas cabs
Yes but just wait a couple of years and Uber and lyft will be the same as the yellow cab after the drivers find out what they have to deal with and the dangerous profession they have chose I guarantee they won’t do it anymore at best because they won’t want to use their own vehicle to transport some unknown strangers only to be knifed shot in the back kidnapped raped or killed because it seems to me the majority of the people of this world are horrible horrible
I don't care about the taxi industry, as long as I'm not ripped off for a ride I'm fine.
And obviously, the cost of regulation for the cabs, they were being passed onto you, so look!!! No more scamming from the local government or some dude driving you around.
For decades big money and big government has squeezed the public by running the giant scam known as the medallion system. I shed no tears for the corporations who are finally facing (and losing) real marketplace competition. As for the "independents" who are also getting hit, 99% of them knew the system was corrupt, yet they chose to buy into it. Too bad.
I am generally quite conservative but amazingly this is not fake news. The only problem is it's half a decade too late. Also another split from "conservatism" I will say is this: If the majority of cab drivers were white, this never would have happened. It's absolutely criminal what cities have allowed Uber to get away with in the name of of progressivism. AS in: you're gonna do the same exact thing as the taxis, except skirt radio laws with an app, not having to get your cars checked up and have calibrated meters and laws about who is driving the cars or what types of insurance they carry? FUCK YEAH GO FOR IT!
It's simple why cities are coming around to these ride-sharing services. Uber/Lyft/Via has done WAY more to boost the value of real estate in major cities than the cab industry BY FAR. Higher RE value = more $$$$ in taxes. Parts of cities formerly underserved by public transit or otherwise considered undesirable now can be easily reached fast and has even become price competitive with traditional mass transit, making those areas more desirable to live. Coupled with the prospect of privately owned self-driving cars, traditional cabs will soon be extinct.
I agree with all the benefits of having Uber around (and Lyft) but as a former Lyft driver, I can tell you, you make more money NOT driving, keep your car at home, you'll make more money. I'm assuming for Uber drivers it's the same. I made so little vs. my mileage (deducted as an expense) that I had a business loss on my income taxes for 2 years (on IRS schedule C) LOL which means that the Federal Government (IRS) probably collects next to nothing on Uber/Lyft drivers income. All the money goes to Uber/Lyft corporate commissions, a whopping 25%, on top of all the other gimmicks they play like only paying you for one fare even though you take 2 fares at the same time (Lyft Line & Uber Pool). I would never drive for Lyft again, unless they chop their commission down to around 5% which is what it should be.
I don't know what the solution is. I do know this much. When it's 7 degrees outside and I just stepped out of a bar and my friends have left and I want a ride to the train station, I don't want to have to beg like a dog, hoping a yellow cab will pick me up. Sorry, as a black man, Uber and Lyft are like manna from heaven!
1. I don't have to stick my hand out like a hitch hicker
2. I know when my ride will get there
3. My driver knows where I'll be
4. I know who's going to pick me up
5. I don't have to beg cabs who are all of a sudden "off duty" when they see me to make an exception and drive me
6. I don't have to reach for my wallet. Heck, even the question of a tip is taken care of!
I still remember my dad trying to get a rid for us and a cab driver looking at us then deciding, yeah, I'm off duty right now. It was cold, snowy, and the middle of winter, so my father carried one of us in each of his arms all the way home, about a ten minute walk. I also remember a cab literally driving right past me to pick up a blonde, white lady. Literally he just drove past me like my hand wasn't out. Sorry, I have zero sympathy for these guys. ZERO!!! When I leave the bar now, I don't even look at a yellow cab. I couldn't care less how empty they are, whether their lights are on, not on. FUCK YOU! Competition is the greatest thing in the world.
I was in San Francisco for my job a few years back and had to catch a plane out of there around 3am. It was my first time there and I was going to take the train, but then decided, why am I fucking around in the wee hours of the morning? I took out my phone and contacted Uber. Three minutes later, I was heading to the airport. Sorry, cabbies, you should have treated us better, but you thought you could treat minorities like trash.
If you’ve taken cabs as i use to, it was terrible. Smelly cabs, rude drivers and waiting for them to pick you up as long as i did. Uber just did it better granted they’ve made lots of mistakes towards riders and drivers it’s just a better option.
Good, cabs suck, they take the longest routes to maximize profit, are rude to you, good riddance. The Crybabies want to the government to silence/stifle their competition rather than giving good service!
Uber and Lyft are disgusting companies. Uber isn't even making money, their prices are too low. They're just busting yellow cabs till they go bankrupt, and their families starve. I'm all for competition, but these ride sharing services legit have NO REGULATION as compared to cabbies. These apps need to be regulated, and I'll be happy with the competition. Medallion prices have gone to crap cause you don't need them anymore. Y'all get mad because you have to pay cabbies a living wage, cheap-ass Americans.
How likely is it for a racist, rapist, pedophile, criminal, human trafficker etc to be your personal driver. With an old-school establishment, the owners or the garage wouldn't risk their medallions on some deranged idiot.
Also, I know most you who have your nose stuck into your phone are clueless to the obvious, but wonder why there are massive congestions everywhere?? Think you're savming a few bucks (vs regular taxi) but the trip is now signifcanlty longer and costing more and more... With no regulations or control, the amount of livery vehicle on the road has increased massively, your route is now bumper to bumper Uber cars. 6 Uber for every one taxi...
It hasn't happened yet, but with the phone in hand and oblivious to your surroundings, it's displaying your stupidity for all. Not a good look.
btw, The rest of you fake new drones on this threat can eat it.
New York state should be ashamed of themselves. They advertise themselves as being a place to grow your business, but do nothing to protect the businesses they have. If they are not going to make Uber follow by the laws that yellow cabs have to follow, then why should we have laws for yellow cabs?
Cabs have been ripping us off for decades...there is literally nothing to protect...
If you want to ride in a filthy cab with a ride ignorant wanker...go ahead....it'll cost you twice as much...but nothing is stopping you from supporting a practice that should have ended long ago...by the way...
Bring cash if you want to actually get to your destination...
Oh you're probably one of those "tip you in the app" lying motherfuckers aren't ya?
Uber isnt everywhere, Denmark shut that crap down for good.
Having a halfway descent cap system, I´m glad those tax evading fuckers got theyre asses handed to em.
Uber never really got big in Denmark, I guess because we actually have working unions and atleast some non corrupt politicians, turned out 99% of uber drivers never payed taxes, so fuck uber.
as a New Yorker, Yellow cabs will not be missed, they are racist, rude, dirty, overpriced, sayonara, I feel bad for the medallion owners who have committed suicide., but Uber and Lyft over them Yellow cabs any day. my only issue with uber disrupting the industry like this is that there is really nothing offsetting the decline of yellow cabs, uber and Lyft drivers unfortunately don't make a lot of money, there have been times I've gone quite a distance for under $2 and im thinking in my head that there is no way the driver is making a profit off of this ride. with yellow cabs those guys back in the days were making like $4,000 a week, Uber/lyft drivers are not making anywhere near a fraction of that. you can't kill one industry, and replace it with one that isn't going to last long, Uber will have to start restricting entry for drivers so their current drivers can actually start turning a profit other wise what would be the point of driving.
There is no such thing as underregulation in a one man operation like ride sharing. Thats just you trying to be diplomatic, and you don't need to be.
If Uber wages were too low, few ppl would do it. If you want to boost their wages, then tax them less.
...and what about the money that everybody saves from RIDING Uber? Theres way more riders than drivers.
i live in NYS and visit the city quite a bit. i appreciate yellow cabs for being a reliable known entity versus the god knows what you get back in romania whenever i visit family every now and then. having the citys seal of approval ensures you wont get ripped off and that whatever yellow cab you take more or less is the same price as any other yellow cab. but its a monopoly...and dont ask me to feel bad for a monopoly's downfall. the medallion price is not a result of uber, it was a bubble that popped, look at the graph again...and tell me it doesnt look like a classic bubble graph.
lets look at it this way. more people are employed now through uber lyft and cabs than there ever were with cabs alone. secondly if yellow cabs were so awesome, there would have been no place in the market for third party stuff. the fact alone that you couldnt call a yellow cab across the river in jersey to take you to a bar in the city was just reason enough to invite uber.
this sort of disruption is the same as the AIR B&B scandal in NYC. hotels are upset they get less business...last time i got a hotel room in the city it cost me 281 dollars a night and the bathroom was moldy.
free market settles all these problems...i as a consumer am happy i have options in this day and age.
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