Posted on 09/03/2015 6:53:04 AM PDT by IBD editorial writer
It's no wonder cities like New York have been so hostile to Uber. As economist Mark Perry details in a post on his Carpe Diem site, the introduction of Uber and other app-based ride-sharing services has led to a collapse in the price of New York City's taxi medallions.
(Excerpt) Read more at news.investors.com ...
I use Uber. Love the service.
Some guy hit me a week ago and now the car is in the shop. I need twice a week to go from Hollywood to Long Beach, CA. Uber rates are modified by traffic conditions so I try to schedule by time of day. The rate is between 21.00 / 41.00 US. The cab would be 120.00 - 135.00 - nuff said. Nominal wait time is 5 minutes and the drivers are great. Nice people trying to get by in the Obama "New Normal" economy. FUFEDGOV. You're trying to drive out Uber because they're non union and don't support the Uniparty with union dues
Previously posted. http://www.freerepublic.com/focus/f-chat/3332516/posts
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