- Mar 11, 2014
- Professional Status
- Certified Residential Appraiser
A cab ride for $60 is not supportable without regulations giving the cab companies a monopoly. Same with rotten service and filthy vehicles. I don't think Uber is leaving that much on the table as much as providing an alternative based on market driven fares and better service. I know I use Uber way more than I ever did cabs. Hopefully, the cab companies will up their game and try to compete rather than attempt to destroy competition with requlation.A $60 cab ride costs 25 for uber. I don't know why cabbies still exist, or why uber leaves so much money on the table.
Uber is working in a free market, cabs are working in a price-fix market.