Is This An Opportunity For A Taxi Comeback?

Did you Know These Fun Facts About Rideshare?

Rideshare technology companies Uber an Lyft  make booking a ride simple, easy and at your fingertips. With a  few taps  of a button you can input your pickup and drop off location and an  Uber will  arrive anywhere from 5 minutes to 60 minutes depending on driver availability. Why pay cash when you can use plastic .This  cash free app also requires a stable internet connection to proceed. In addition, you  the rider will be prompted to enter their name and payment info which is stored somewhere in cyberworld. Bear in  mind in the event of a cyber attack  your personal information can be  compromised by hackers.

This easy to use rideshare app sounds  attractive, but  sustainable driver availability and market price rates  are essential to be of  value to riders.

  As a taxi driver,  riders frequently express the difficulty in acquiring  Uber and Lyft drivers  and  last minute cancelations. Why are Uber and Lyft experiencing a massive shortage in drivers?

 Breitbart article  titled :Gig Economy Woes: Uber and Lyft Are Scrambling to Find Drivers, takes a closer look at Missing In Action operators. Drivers  biggest grievance is pay, Gad Allon Professor at the University of Pennsylvania, who studied gig workers said. With rising fuel costs, auto insurance, and other expenses a  living wage is essential to get drivers back on the road.  After overhead costs, the  average Uber driver takes home between $8.55 and $11.77 per hour, Ridster suggested.

These technology companies cite that their cut of the pie is a mere 25 percent. Mission Local and Rideshare Drivers United disagree suggesting that Uber and Lyft kept anywhere from 50 percent  to 70 percent of each ride. To find out  more on drivers take home and the actual percent Rideshare keeps visit: mission local

Furthermore, driver shortage has not helped Uber And Lyft halt to  their  record high prices.

CNBC reported rider cost increasing 92 percent  between January 18th and July 2021. Not to mention longer wait times and potential cancelations.

There are  rising customer concerns as to why they are being charged double and triple the fare.  Another factor riders must consider is surging prices without notice, anytime, especially during peak hours.  Moreover, active Uber and Lyft drivers are well below 40 percent  capacity.

As a result of  unhappy drivers,the sustainability of these Rideshare companies is in question? Rideshare Drivers are now shifting to food delivery.  “I got turned on to InstaCart and Doordash, Amazon Flex, and I was driving like a quarter of the miles, and I was like making 200 bucks a day, easy,” Chad Polenz said.

What are there benefits to using a taxi service over Rideshare?

First,  if you feel comfortable with your taxi driver, you can request that same person to service you again. Whereas, with  rideshare,  faces, names and vehicles change too rapidly for drivers to build good rapport with their riders.

   Secondly, if you choose Rideshare,  prices are subject to change without notice and do expect surging prices at peak hours. Nevertheless, taxi companies can offer you  flat rates even at  peak hours.

To Tip or not your driver is the next question?

If your driver goes above and beyond,  your tip symbolizes your appreciation for their service. With Uber or Lyft,  riders can confuse  high commission and  increased price  for a  sizable tip to the driver.  Namely, prices are subject to  go through the roof allowing Rideshare companies to pocket  anywhere from 50 percent to 70 percent making  unhappy riders  forgo a tip altogether.

In the end, only  you can  decide which  transportation service is right  for you be it Rideshare or Taxi service.

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