Friday, January 29, 2016

This is Really Going to Mess With the NYC Taxi Industry

Uber is going for the jugular in the escalating Big Apple cab wars — with a substantial drop in prices that was scheduled to go into effect Friday morning, reports NyPo.

The base fare in NYC goes from $3 to $2.55 and the per mile rate will go from $2.15 to $1.75 while the per minute rate will go from 40 cents to 35 cents.

Taxi drivers are incensed by the move, notes NyPo. Unlike black cars, their prices are set by the Taxi and Limousine Commission, so they can’t drop their prices to compete.

“Uber is keeping its drivers in poverty wages just so that the company can try to monopolize,” said Bhairavi Desai executive director of the New York Taxi Workers Alliance “This is horrible.”

In fact, Uber drivers are happy with the rate cut.

NyPO reports:
The last time Uber dropped its prices – in July of 2014 – time that the drivers spent without a fare in the car dropped by 42 percent. They expect to shave even more idle time off this time.
Some drivers, who claim they sometimes wait for up to 30 minutes between fares, say they are happy with the change.
“We need to to do something to increase the money, go ahead and do it,” said Adalgisa Sanchez, 51, who has been driving for Uber for three years. Sanchez said she takes home about $1,800 if she works 45 hours a week.
The only losers are the government sanctioned and controlled taxi cartel.

Go Uber!



  1. “Uber is keeping its drivers in poverty wages just so that the company can try to monopolize,”

    Yeah, former monopolists always trot this one out.

  2. What other industries could the Uber model work in, if any?

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