"basically the same" yet uber did have a transformative effect, in some countries taxi systems were very hostile and disorganized, and uber has raised the standard significantly... they've created a certain expectation
My point is that if Taxi’s were profitable essentially being a worse Uber, then it makes the argument that Uber is in a bubble industry seem ludicrous, which it is.
ah ok, thanks for clarifying... I guess the bubble might be the pricing model? it has been artificially too cheap to support the labor for a while. Early on I was commuting to work for only a couple dollars more than public transportation.
