Let's say, for argument's sake, that Uber takes 25% of the fare. But let's say that the alternative is old-style taxi companies, and they were protected from competition by the medallion system. They were not exactly lean-and-mean companies. What percent did they lose by inefficiency? Less than 25%, or more? And is losing it to inefficiency better than losing it to Uber, or worse?
Note well: I do not have answers for these questions. But I think the questions are interesting.
Note well: I do not have answers for these questions. But I think the questions are interesting.