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Old Posted May 19, 2019, 1:02 PM
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10023 10023 is offline
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Quote:
Originally Posted by jmecklenborg View Post
They're losing $5+ per ride. So in order to be profitable, they need to charge $8-10 more per trip. The majority of Uber's trips are very short, in the 1-2 mile range. Ridership will plummet when a minimum fare jumps from $5 to $15.


Uber's overhead is massive as compared to a traditional cab company. The propriety app requires an army of developers who are paid $100k+. A traditional cab company doesn't have a single employee who makes $100k.

They have a dispatcher, an accountant, and 2-3 guys who maintain the cabs back at the shop. That's it. Advertising is minimal.
Scalability is obviously different. A traditional cab company that provided nearly as many rides as Uber would need tens of thousands of dispatchers.

Anyway, the profession of driving / operating a vehicle will disappear in our lifetimes. There is no question about that. Driving will be something that one does for fun or sport, in an old (preferably manual transmission) car, sort of like horseback riding today.
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