You are wrong, sir.Is there corruption involved in rideshare? Of course there is -- just like with taxi corruption. Just right now, rideshare corruption is more effective than taxi corruption. No difference in the nature of the beasts -- Uber is just better at it!
The medallion system was created to prevent exactly what is happening now, unlimited cars with limited work.The medallion system was pretty stupid, but Uber actually has created a even dumber platform.
Uber has been increasing faresUber has been subsidizing fares since their inception. The model doesn't work.
We live in a capitalist society not socialist so Uber if thier going to survive must raise the rates.
The notion theirs a endless supply of drivers loosing money, and equally spending investors capitiol with no return in sight, is a short lived notion.
By the Winter of 2019 expect changes in the Tnc landscape.
Why? Well there's only so much Capitol to burn through and the same goes with Uber driver's.
What Uber has done is criminal, breaking every law along the way. Hopefully they someday have to take responsibility for the damage they have inflicted on thousands of livery professionals.
The medallion system was pretty stupid, but Uber actually has created a even dumber platform.