Earlier quoted context omitted.
Look, I hate cabs too. I hate having to tell the driver where to drop me off because they never use GPS. I hate feeling like a lowlife for wanting to pay by credit card because I never have cash. And I hate how expensive cabs are. But let's not forget that most taxi drivers are themselves far from well off. It is a working class gig, with a heavy representation from new immigrants. It's long hours, it's physically dr…
So we should prop up the robber barons running the shitty industry just to save the little guys who don't want to do something else?
I'm more ok with the taxi businesses themselves going out of business for failing to innovate and getting themselves disrupted. That's on them. However, it does leave another problem... Taxi companies are heavily regulated for a reason. For example, they are required to offer services for disabled people at no extra charge. As far as I know, Uber/Lyft are under no such obligation and do nothing to accommodate the disabled. When taxi companies go away, what happens to that entire group of people?
One solution might be to classify ride-hailing apps as taxi companies as well and apply the same regulations. This also allows taxi companies to compete on a level playing field.