Quote:
Originally Posted by Jason14h
Then those driver's will stop driving, and demand will increase with a decreasing supply, and the price will increase.
If it increases too much people will take Taxi's
Wow free market makes sense sometimes.
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...which leads to a need for government regulation, because if drivers start making less, they will look to cut corners on safety maintenance. Sure, Uber cars are all nice right now, but that's becuase fools think they can make big money and don't take into account the wear and tear on their vehicles.
I have no idea what the profits are like at taxi companies, but I'd assume most of the higher cost of taking a taxi is due to needing inspections and having to replace things like brakes and tires far more often than a regular vehicle would(due to being held to a higher standard). Also carrying proper commercial insurance is going to cost more. Are these taxi companies raking it in? I'm pretty sure the drivers aren't.