Compared to taxis? Well I guess it depends on where you live, but I wouldn't' generally agree.
It's also a highly commoditized market with little real barriers to entry (at least on the local level) and drivers/users can pretty much instantly switch to a different app so I think it will be reasonable hard for Uber/etc. to do that without someone undercutting them.
> due to lower competition
Still better than no competition and prices being set by a legal cartel (i.e. how taxis worked/work in many places)
Compared to taxis? Well I guess it depends on where you live, but I wouldn't' generally agree.
It's also a highly commoditized market with little real barriers to entry (at least on the local level) and drivers/users can pretty much instantly switch to a different app so I think it will be reasonable hard for Uber/etc. to do that without someone undercutting them.
> due to lower competition
Still better than no competition and prices being set by a legal cartel (i.e. how taxis worked/work in many places)