I think people need to ask themselves - if it's half the price of a regular cab how can this be?
Either tax drivers are being exploited by their employers who are pocketing most of the wealth generated, or uber drivers are underpaid. Or taxi firms are insanely inefficient and uber has undercut them with their web 3.0 brilliance.
Most people have no business training, and don't know about how to look for hidden costs. It's easy enough to think that taxis are that expensive solely due to the overpriced medallion system, which crops up in newspapers every now and again. Most people wouldn't understand that Uber's profit largely comes from shifting the risk from themselves to the drivers.
