Thursday, September 3, 2015

Uber future

Just in case you're thinking of driving for Uber:  a study has shown that Uber drivers make around $19 per hour while traditional cabbies make about $12.90 per hour. (The study was done by a Princeton economist who advises Hillary Clinton.)

Clinton says that Uber drivers make so little that they drive down the income of cabbies (er . . what?) and presidential candidate Sanders just wants Uber to be highly regulated. If the California law suits against it are successful, Uber will incur the cost of treating their drivers like employees, which would include insurance and expenses. I've no doubt that consumers will pay more if that happens.

It's been a success with both drivers and consumers so far. Is Uber the evolved version of the taxicab business? Maybe it's on the right side of history.

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