Quote:
Originally Posted by VladtheImpaler
It's market economics - clearly there is enough demand to warrant additional supply. I would be curious to see the stats for NYC - is Uber generating new rides or cutting taxi grass?
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I would be quite shocked if NYC didn't have enough taxis to meet demand. I have only spent a short while in NYC, and I don't think taxis were in short supply.
Obviously Uber can get away with cutting prices, which was stated earlier as not hurting them so much as hurting their drivers. It will be curious to see how it will play out there - can either side win a price war? Maybe the Uber drivers have some lower operating costs and can price themselves lower than taxis for some period of time, but how long? If nobody is making an appreciable profit for their troubles, I wonder if this will just go sideways on them and push people towards public transit.