"The money thrown into the convenience economy has also created a crowded marketplace. Couch potatoes can choose between Netflix, Amazon Prime, Disney Plus and others, and a glut of ultrafast delivery and takeout services; ride-seekers can switch between Uber, Lyft and Bolt. " Home video and taxi-cab service are very different sectors. Uber has engaged in some pretty "creative" (i.e. unethical) business tactics to mu…
> Uber has engaged in some pretty "creative" (i.e. unethical) business tactics to muscle their way into the taxi industry while avoiding both regulations and the payment of decent wages. They moved fast, but it was only a matter of time before government regulators (and their own reputation) caught up to them. Transportation is, indeed, something that's going to go back up in price in the short-term, if only because…
Nope. Uber doesn't get a pass.
Uber could have confined themselves to the secondary cities with terrible cab service. Basically that's any city in the US other than New York and Chicago. People would (and some did!) have greeted them like liberators. For example, taxi service in Las Vegas was horrible until ridesharing showed up. San Diego taxis to the airport never showed up on time before ridesharing. etc.
Had Uber built up a commanding service in these secondary cities, they would have had all the momentum they needed to run over the incumbents in New York legally.
But, no, Uber decided they couldn't simply be a profitable business. Oh, no, they have to be unicorn-level and that wouldn't happen unless they were in the biggest cities right off. And then, when they showed up, they didn't even try to follow regulations with a fig leaf and were operating blatantly illegally.
And this is all on top of the fact that Uber and Lyft are skirting minimum wage laws.