Some businesses are expensive, because they offer a very high coverage. In my country, traditional cab companies needed to offer their service pretty much 24/7 if needed, in order to operate. This, of course, meant that the expenses were thrown onto the customers.
When Uber and the likes came, this disrupted the industry. But the big difference here is that the Uber drivers obviously only
A) worked during peak hours and peak days.
B) only used it as a side hustle, which meant not staying up at 3AM waiting for customers. Sure, in large cities, there probably are some of those drivers, too - but they're not obligated to that.
Traditional cabs couldn't compete on price, and had to either start laying off drivers, or close shops all-together.
Then the gov. budget, and started opening up to more uber-friendly laws around the taxi industry. They are no-longer obligated to offer 24/7 service, nor do you need to work for a cab company.
In the end, I (living out in a rural place) end up paying the same rates as before, but with zero options should I need a cab 04-05 in the morning. Not really a problem until you need one, like catching a very early flight, getting stuck somewhere after a party, or whatnot.
When Uber and the likes came, this disrupted the industry. But the big difference here is that the Uber drivers obviously only
A) worked during peak hours and peak days.
B) only used it as a side hustle, which meant not staying up at 3AM waiting for customers. Sure, in large cities, there probably are some of those drivers, too - but they're not obligated to that.
Traditional cabs couldn't compete on price, and had to either start laying off drivers, or close shops all-together.
Then the gov. budget, and started opening up to more uber-friendly laws around the taxi industry. They are no-longer obligated to offer 24/7 service, nor do you need to work for a cab company.
In the end, I (living out in a rural place) end up paying the same rates as before, but with zero options should I need a cab 04-05 in the morning. Not really a problem until you need one, like catching a very early flight, getting stuck somewhere after a party, or whatnot.