MarkH, confused by your statement that taxi cab drivers of the traditional sense need a little more start up capital. As I understand, most drivers lease back the taxi's from the taxi company and pay into a host of fees to have that taxi. That how it was explained by a co-worker who was a taxi cab drive.
I take the start up capital as more of the fact that it is the buy in. No different then a lot of the union crews I work with. When we do bring in someone new it is by reference from other union employees, new crew members have to join a specific union for a specific position as my employer is signatory to a couple of different unions depending location and equipment type, once they join a cut is taking from the check (on top of the union due) until their sign up dues are paid off. Its a buy in
Uber can put in place the same background checks any of these other taxi companies do, they can insure just as any other companies can do, and the can go through a wait period and submit info to a regulatory body like any other business has to do. It is a matter of commission setting the standards and let the market compete for the riders. The reality is that we have corporate protectionism by legislation whether it be on the national level like the Jones Act which means a foreign dredge can't compete against my employer for work in the US waters or whether it be local like a taxi commission.
I just don't buy this one is good and the other is bad. The end game is the same for the taxi company and Uber, make money. The drivers are just trying to make a living. From what I can tell from this whole mess is that this is just one more reason why economic development is slow in a slow growth region.
I take the start up capital as more of the fact that it is the buy in. No different then a lot of the union crews I work with. When we do bring in someone new it is by reference from other union employees, new crew members have to join a specific union for a specific position as my employer is signatory to a couple of different unions depending location and equipment type, once they join a cut is taking from the check (on top of the union due) until their sign up dues are paid off. Its a buy in
Uber can put in place the same background checks any of these other taxi companies do, they can insure just as any other companies can do, and the can go through a wait period and submit info to a regulatory body like any other business has to do. It is a matter of commission setting the standards and let the market compete for the riders. The reality is that we have corporate protectionism by legislation whether it be on the national level like the Jones Act which means a foreign dredge can't compete against my employer for work in the US waters or whether it be local like a taxi commission.
I just don't buy this one is good and the other is bad. The end game is the same for the taxi company and Uber, make money. The drivers are just trying to make a living. From what I can tell from this whole mess is that this is just one more reason why economic development is slow in a slow growth region.







